New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-03
AUCTIoN SALE cfRAILROAD BONDS.

"A
CONVERTIBLE BONDS OF THE NASHVILLE AND
LEXINGTON RAILROAD COMPANY, redsemabe on
BASk STATE OF aassA S city is
OF New-York.
charter TO the President and Dre;to TO borrow sum OF
money not exceeding SSoo0O and pledge the property Of
the Company for the payment thereof IL, .. -
1878 at the BANK OF THE STATE uF NETWORK,
in III city where tie interest also payable on the Is OF
sie ssc9red by a FIRST MORTGAGE, 70 JAMES PUN.
NETT, THO. DEMON and JAS. I. SoUrrER, in trust
the boudhOdss OF the entire road constructed aud to
be between the Cities OF Aaysve and Lexus
ton All the real estate and other property and apparten
be owned by them all the tolls incomes issues and profits
all the franchises relating to the road Sc.
The present eondon OF The road ana rs pospeSts 70.
traffic shown by the following extracts nom INC report
OF its President, H. WALLER, Esl, dated Sept, 49,
upon full based upon the prices stipulated IA 1no
contract under which the work being constructed,
1s 'he Iss Ss o cost scocoo The actual
estimates, making allowance tor the saving e.e.eu oya
Junction with the Covington and Lexington Railway rom
Paris Lc1in ston, 10 ues) are 10000 The ROAD Is
little gPwad Of sxtyseven miles long as ~eeraiueu oy
the final location OF the last division H.,
The estimate of cost above gyeu includes the grading aud
Uperstructure of the road land damages teeay settled
dep0ts stations engines aud ALREADY contracted Or)
fencing and every Necessary Tor the tu ope
snce his report was made the iron hia all been
traced for consderab below present prices add WITHIN
Its subscriptions already made and two-thrds paid in arc
Subscriptions of private individuals. sSs53li
Subscriptions BY city and counties...........' osVoo
slO835li
MOrtssge Bonds Observation-Disclosures. $4,000
Total ACKNOWLEDGEMENTS. ,ss3 Sill
The work commenced on the nth July, 1851, aud
will be completed ready Tor the cars by the lat December
The road the heart of all the richest regions
and point on the Ohio River IL con-
necOns such TO demonstrate 20 be- the shortest line
connecting the great States OF the Southwest with those Of
Al Lexington 1t meets line in operation Louisville,
and a line in the OF construction % Danvie The
Louisville line running to Bowling Green, thence dyers-
ing Nashville and Memphis and thus connecting with tho
entre sysem OF Southern hal"a about being placed
under contract The extension OF the Danye hne into
Tennessee and also 20 nerseet the Louisville and Nashville
hne, thus forming the most direct aud practicable route
from that region the North snOw placed beyond
sonabe doubt by the heavy amount OF individual subsnp
tons already made.
At the Maysve extremity Of our road, a short Link
through fllsborough Columbus, Will unite with the
North, and the Maysgle and Big Sandy Railroad,
connecting 40 Portsmouth with the Sciota aud Hooking
Valley Railroad and through that with the Baltimore and
Ohio Railroad. aud also with the snnsY Central and
the mouth OF tho Big Sandy with the Virginia Central
Line establishes the cheapest speedes and most direct
connections with the Atlantic cities These connections
viii ali be established within the ne & two or three years. at
iaTthesf The Companies are displaying great energy IN
Tie taxable property of the Counties through which this
road runs shown by the books Of the Com OF
tau for the year 1884, amounts the Of S66 0l0;
and thss Gully about two thirds OF It's actual marketable
value.
Tie assessed value Of the Counties eonguo 10 the road
and which must necessarily be tributary their 10.
cal position and dependence, Is SiU2,6Jl,yl6.
very moderate detailed of tho earnings Of ths
Road completed made by the Chief Engineer
and based upon the known aud production aad bus
ness of the country, is IS follows:
Stehee9s ad sIO
Freight $4,000
Total Reeei sl5I go
Deduct Expenses, 30 per cent.......,....... lO05Oe
Net pronts .,.......,............kI50I5 10
This business Is only for the first year and rapidly
increase but for road 81 miles len 9Th ADD costing not
over ce o II lie ceEaingly eDeousgnz and reasonably
promises profit o. 10 per upon the investment
eteoc0 Of the above named bonds being the issue
will BE- said without 70 the chest bidder By SIM
EON DRAPER. AuctiOneer, THURSDAY The 9Th
pTox. az "! o'clock, e. the MerchentS Exchange.
TERMS OF SALk-l0 per cent on DAY OF sale, AID tas
balance within " days thereafter a. the option Of the pur
chaser Int est 20 accrue 10 the purchaser time ID
payment.
printed statement Is % the issue Of .ess Bonds with
uasp, showing s connecticut sc, can be obtained OF
CANAAN, WHirEHOUSE Il Co. No. Is Wanst.