New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-09
DIvIDEND NOTICE-STATE of CALI
HUDSON RIVER RAILROAD COM.
Proposals. for Loan.
S175OOO Gown C0wINGr TO- and and Lex doX-

~ I v " ~ GEh tON-
vERTlBLE BONDS, guaranteed by the City of Covins-
ton.
Tie Covinaton and Lexington Railroad Company offer
r sale s75co Of their cent Convertible Bonds with
Coupons principal and interest guaranteed by the City Of
They Of 81 900 EACH payable the IL. Septem
Der, 1872 with Coupons payable halfyearly IN NewYork
st March and st September where the principal sum is
sso payable. They convertible into tie capital stock
OF the Conn at the option OF the holder At Any time be-
fore the st September 1857.
These BONDS are issued under the fullest legal sanction
the have the additional security of the guarantee OF ths
City Coyington, authorized by special act OF the Legs
latue OF Kentucky OF the citizens Of that city, and
an ordnance Of the City Council The authority to make
the guarantee extends only to SO00 OF which those
The Covington and Lexington Railroad is 90 miles long,
connecting the CITY Of Coyngon in Kentucky opposite
Cincinnati with the City Of Lexington.
Inc estimated cost OF the road duly equipped Is % j5
The present available stock subscription Of the Company
ID about 81 $50 Geo, which is being increased.
The entire debt ofthe Company including the bonds now
offered for sale is $4,000 The Charter Of the Company
limits the amount OF funded debt TO the latter
1hTtyeght Illts OF the line next 10 Coyngon will BIO
completed aid in operation, by the lst day OF May next
Der, 1853.
The Iron Rails for the entire line purchased mostly
OF American manufacture at rates 80 lees per un than
present prices.
About 600 has been expended on the work up to
this date.
profit inspection OF map win show that occupies
advantageous position Lexington is situate in the center
OF the mott wealthy and productive portion Of the State
Kentucky. The tsxabes OF the County Of Fayette in
which II sitnate amounts 10 Ss 600 their low
rates Of valuations that OF Bourbon County through which
the Road passes 10 over $1,000 eco.
This koGd connects Lexington with Cincinnati. to which
latter point neary all the trade and travel Of that portion Of
Kentucky naturally tends.
The amount Of travel and transportation this line
must be large There question but the
the Stockholders will be highly satisfactory
The completion of this Road Will add greatly TO the value
OF property near Il.
At Lex ngton. this Road will connect with the great
Southern Roads now in the Of constructions to Nash
Vile Memphis New Orleans and Charleston, with the lines
running 70 Maysyile and Louisville at Cincinnati with the
varous hallway lines running NORTH east and west from
that city.
The security Of the ample character being first
that of the Railway costing o. 35 O0 the entire debt
which but 500 GEO ana the Of the City of Gov
ington with population OF 900 souls and
S5Co9to taxabes and rapidly increasing in wealth and
population.
Sealed proposals will be received for any sum not less
than 81 GO until Saturday the 18th day of December inst
at O'Clock p. NJ.
Proposals. will be addressed TO WINSLOW, LANTER
Co the Az pts OF the Company No. So Wall-st New
York, dorsed Proposals for Covington and Lexington
Railroad Bondsp
One half purchase money will be required to be paid
at the time of accepting the bids the residue thirty days
Any purchaser will be at liberty pay in full In
the Bonds will from the day Of payment
The above sl75C00 will be sold absolutely and without
reserve. u the hi hest bidders.
For further information thus subject refer above
TO the Agents oithe Company No. 81 Walst
New-York. Dec s. 1851 JOHN b. CASEY,
President Covngton and Lexington Railroad Co.