New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-18
Proposals for Loan.
$l75.OOO I SSTISsF TSS o sas LEX dSx.

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yERTIILE BONDS, guaranteed by the City Of Coving-
TIE Covjngton and Lexington Railroad Company offer
for sle $1,000 Of their per cent Com eFbe Bonds with
Coupons principal and interest guaranteed BY the City Of
CovipgtOn.
They arc in sums Of a Oo0 each payable the s Septem
ber 1872 with Coupons payable hafyearly in NewYok
Is March and lst September where the principal on
also payable. They convertible into the capital stock
of the Company at the option of the holder at any time be-
fore the lst September, 1851
These Bonds issued under the fullest legal sanction
they have the additional security Of the guarantee of the
City Of Coyington authorized BY special oct OF the Legs
Gure OF Kentucky the citizens Of that city, and
an ordinance Of tie City Council The authority to make
the guarantee extends only to s-oooo, OF which those
lie Coyngton and Lexington Railroad is s5 miles long,
connecting the City Of Covngton in Kentucky opposite
CinoiSnsti with tbs City Of Lexington.
The estimated cost OF the road, duly equipped % S4
The present available stock subscription of the Company
u about 81, $50 eco, which u being increased.
The entire debt ofthe Corspany, including tho bonds
ofered for ale Is sdeooo The Charter Of the Company
Thrtyeght miles OF the hne next TO Coyngon viii be
completed and IN operation, BY the LIST day Of May next
Der, 1853.
The Iron Rails for the entire Hne are purchased mostly
OF American Manufacture at rates 80 less per tun than
About f5 Oco has been expended on the work up 70
This Road of grest promise as to iseulness and
profit inspection Of map viii show that il occupies an
sdvsntss.ou. position Lexington Is situate in the center
Of the most wealthy and productive Of the Suite Of
Kentucky. The tXsbles Of the County of Fsyette in
which situate amounts Sl3
Of vausion that of Bourbon County through which
the Road passes to over $500 coo.
This Road connects Lexington with Cincinnati to which
latter point nearly al the trade and travel Of that portion Of
Kentucky naturally tends
The amount OF travel and transportation over this line
must be very large There question bat the returns TO
the Stockholders viii be highly satisfactory
The completion OF this Road VIII add greatly 20 the vase
Of property near II.
Al Lexing,on, this Road will connect with the meat
Southern Roads new IN the OF construction 10 Nah
vile, Memphis New Orleans and Charleston with the lines
running % Naysylle and Louisville Cincinnati with the
VARIOUS Railway Lines running north and west from
that city.
The security Is Of the most ample Character beins sr
that OF the Railway costing e. S4 GEO. the entire debt Of
whieh bat and the guarantee Of the City of Cow
infon with population Of 1900 souls and over
$3.50 HANDLES and rapidly inczeasns in wealth and
Sealed proposals. VIII be received for any sum not lee,
than until Saturday the lsth day Of December inst
PrcPosais WIN be addressed to wINsLOw. LANIER
Co the Agents Of the Company No. 81 wAI-st New
York TdGrsed Proposals for Covington and LexineDpn
the purchase money viii be required TO be paid
st the tune Of accepting the bds the residue in thirty diva
Any purchAser viii az liberty pay in fun At once Ia
teres the Bonds win from the day Of rayneuf
The above es5o Will be soH absolufey and vithouf
rsserve, TO the highest biddera
~ isns.f 1snssaso q tbs mhieet refer above
tide tsss s EFT Sfths Company, No. aM.aA
rud6U Csvisseas - LG1bta i1iss1Cs