New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-06
Proposals FOR Loan.
$I75.OOO t S9T5SS : rES c anS h CON

vGRTIBLE BONDS, guaranteed by the City Of Covins-
TIE Coyipgton and Lexington Railroad Company offer
Cor sale S75Co0 Of their 6pe cent Convertible Bonds with
Coupons principal and interest guaranteed by the City OF
They are in sums of each payable the st sePten
ber 1872 with Coupons payable hafyeaTly IN New-fo.k
lt March and lst September where the principal sum -
also psyabe They convertible into the capital stock
OF the Company the option OF the holder at any time be-
fore the LIST September 1851
These Bonds are issed under the fullest legal sanction
they have the additional security OF the glaraIte OF the
City Coyneton authorized by special act OF tne Legs
lar Of Kentucky vote OF the citlEens OF tqt city and
an ordinance of the City Council The authority TO make
the guarantee extends only 70 Sao0 OF which those now
The Covngton and Lexington Railroad is % miles long,
connecting the City Of Coyng;on IN KENTUCKY opposite
Cincinnati, with the City Of Lexington. 49,.
The estimated coSt OF the road duly equipped s%Soh-
The present available stock subscription Of the Company
is about 81, s5ONOO, which is being iacrased
The entire debt ofthe Company Including the bonds now
offered for sale $4,000. The Charter OF the Company
limits the amount OF funded debt TO the latter
Thiry-egh miles OF the ne next TO COvington VIII be
completed aud in operation by the st day OF May next,
the residue OF the hne TO Lexington about the Isl NoYem-
The Iron Rails for the entire line purchased mostly
of American manufacture, at rates so ess per tun than
About coo has been expended the work up to
This Road is one of greet promise usefulness and
profit an inspection OF map will show that occupies an
sdvsnag position Lexington ia situate IN the center
of wealthy and productive portion OF the state oil
kentucky The taxables of the County Of Fayete, in
rates of valuation that Of Bourbon County through which
the Road passes, over $4,000, coo.
This Road Lexington with Cincinnati, 10 which
latter point nearly all the trade aud travel Of that portion OF
Kentucky naturally tends. ..
The amount Of travel and transportation over this hnc
mp, he very large. There question but the returns to
the Stockholders will be Highly satisfactory.
The completion of this Road will add greatly TO tue value
OF property near II: =,
AZ exingtou. this Road viii connect with the great
Sou hern Roads in the OF construction 10 Nash
VILE Memphis NewOreans aud Charleston, with the lines
running Maysve and Louisville at Cincinnati with the
Railway lines running north east and west from
that city. =
The security Of the ample character being first
that of the Railway costing 81 $4,000 the entire debt Of
which but 100000 and the guarantee OF the CITY OF Gov
ingtun with population OF l2eoO sous, aud over
SO09O0 tsxables and rapidly increasing ia wealth ana
Sealed proposals win be received for any not less
than e. co until Saturday the lsh dag Of December nst
at 5 O'Clock 7. Ne $1,000, .,,,, , >-,,,r
Ploposas will be addressed 70 WINSLOW. LANIER
4 Co the Ag of the Company, No % Nai-st, New
York. irdorsed, Propomls for Coyngton and Lexington
Onehaf the purchase money viii be required 10 be paid
az the time of accepting the bids the resdre in thirty days.
ANY purchaser will be at liberty to pay In M az once In
teresi on the Bonds will run from the day OF payment
Tn. above S75 600 viii be sold absolutely, aud without
reserve. TO the hghest bidders.
For further information this subject we refer as above
TO tho gents OF the Company, No. 81 Wall-st ...
New-YoTk Dec. 9. 1867 JOHN D. GASEh;
President Covington snd Lexington Railroad Co.