New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-11
Proposals for Loan.
S1750O 1 SovING { TO- c and Len doX:

vERTIBLE BONDS guaranteed by the City of Covins.
The Covinrton and Lexington Railroad Company offer
for sale S75t0 Of their per cent Convertible Bonds with
Coupons principal and interest guaranteed by the City OF
They are in sums of 81 GOO each payable the is: Septe
ber 1872 with Coupons payable halfyeary IN NewYork
also payable. They convertible into the capital stock
of the Company the option OF the holder at time be-
fore the LIST September, 1851.
These Bonds issued under the fullest legal sanction
they have the additional security Of the guarantees OF the
City Covngton, authorized by special act OF the Legs
lature OF hentucsy vote OF the czens Of that cry and
the guarantee extends to S0oo OF which those now
The Coyngton and Lexington Railroad is es miles long
connecting the City of Covingon in Kentucky opposite
Cincinnati with the City Of Lexington. 49,.
ss3.
The present available stock subscription of the Company
il about 81, $50 eco, which Is being increased.
The entire debt ofthe Company, including the bonds now
offered for sale 100000 The Charter OF the Company
limits the amount OF funded debt to the latter sum
Thrty-eght miles OF the ne next 10 Covineon VIII oe
completed and in operation, by the LIST day OF May Next
the residue the line to Lexington, about the LIST Noyem
Der, 1855
The Iron Rails for the entire |ne are purchased mostly
Of American manufacture, rates so less per tun than
About 81 ass OCOhas been expended the work up to
this date. 81, -,
proft an inspection OF map will show that occupies
position Lexington is situate IN the center
the wealthy and productive portion Of sne safe Of
which il is situate, amounts TO over SlSC0o0o0 at herow
rates valuations that OF Bourbon County through which
the Road passes. to over Sl3,0Oo,OOO.
This cad connects Lexington with Cincinnati 70 which
latter point ary all the trade and travel OF aa portion OF
Kentucky naturally tends -, >.
The amount Of travel aud transportation over this line
be very There is no question but the returns 10
the Stockholders will be highly satisfactory.
The completion of this Road will add greatly to the value
Of property near It,
AZ Lexington this Road will connect with the great
Southern Roads in the of construction 20 Nash
Vile Memphis Orleans and Charleston with the lines
running Asysvie and Louisville at CINCINNATI with the
various Railway lines running morrill, east and west from
that city $3.50.
The security is of the most ample character, being hrs
that of the Railway costing $4,000 the entire debt OF
whchs but $500 COO and the guarantee OF the City OF Cow
irgton with population OF l2OOo souls, and over
S5C0s0 taxables and rapidly increasing IN wealth and
Sealed proposals will be received for any sum not less
than eco, until Saturday the 10th day of December ns'
Pronossis will be addressed to WINSLOW, LANIER
& Co. the Age of the Company, No 81 Waist, New
York rdorsed Proposals tor Covngton and Lexington
Railroad Bonds"
the purchase money will be required TO be paid
at the time of accepting the bids the residue IN thirty days
Any purchaser will be at liberty pay In full at once In
terest on the Bonds will from the day OF payment
The above S75 GOO will be sold absolutely and without
reserve. 10 the highest bidders
For further information this subject we refer as above
TO the Agents ofthe Company, No. 81 WaLst v
New-York Dec. 8, 1852. JOHN b. SASEf,
President Coyington and Lexington Railroad Go.