The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-08


dorsed Sealed Proposals for North Carolina State
Bonds" to the undersigned in New York directed to the
OF Messrs. Brown Do Rosset, $50 Front street.
The bids win be opened In tho Bank of the Republic at
O'Clock, n, on the 3lst day Of March next, In the
presence Of G. Lamar ESQ President Of the said Bank
and J. P. Brown and David freeman, Esqn. Bidders nay
also be present
Successful bidders viii be required informed
of the acceptance of their bids to deposit in bank the
ther bids with the accrued interest from the
FIRST instant to the credit Of thu treasurer Of the State Of
North Carolina
This deposit may be made either in tho Bank Of the Re-
public New York in the Bank of the State of North
Carolina, or In the Bank of Cape Fear Raleigh North
Public Treasurer of the State Of North Carolina.
OFFICE OF THE ST. NICHOLAS INSURANCE COM
" pany, corner of Eighth avenue and Twenty third
street Feb. 2 1S6s-The Board of Directors have this
day declared semi annual dividend to the stockholders
four "a per cent payable and after the 18th inst
The transfer books will be closed until that day.
CHAS. O. RICHARDSON, Secretary
CBCOND REPORT OF THE PRESIDENT AND DIREC-
- tors of the brunswick and Florida Railroad Company
TO the shareholders.
NEW YORK. January, 1858.
The Directors of the Brunswick aud Florida Railroad
holders following report Of the present condition and
prospects Of their enterprise
the Directors have proceeded to the best Of their ability
in carrying out the objects contemplated by the stock
holders As mentioned in former repcrt contracts have
ander by which these gentlemen covenant TO grade the
whole main line from Brunswick-130 mles-to Thomas
and cuvers and in general to do all the earthwork and
masonry, lay the iron, and deliver up the ine in
complies order early in 1854 for tn: compensation
the work has been commenced energetcay at numerous
points along the line and there is graded ready for
westward During this winter the contractors will have
twenty miles in readiness and be able to lay down
IN 70 P0 o M whole as
been acquired at very little cost to the company.
The directors have contracted in England under favor
spikes necessary to lay the track to Townsville. 1t is
TO be shipped in parcels, certain portion every month
$ s Ths
payment for its first cost is to be made in the Mortgage
Under the authority granted by the charter and voted
BY the stockholders and Board Of Directors the entire
issue Of 81 900 of bonds the proceeds Of
which to be used to furnish the iron and equip the
road These bonds will only be negotiated to meet the
wants of the company for the above named purposes.
The subscriptions to the capital stock Of the company
along the line of the road reach $3.50 0eO upon which
payments have been made to the amount Of 600 and
and notes have been received for the balance
Of the subscription to the satisfaction Of the contractors,
who entertain no fears but that the whole amount sub
scribed will be paid in time to meet their wants
Though the iron for the Brunswick and Florida Rail
road has been purchased favorable terms ii still costs
more than contemplated when provision made
for it in the contract with Mesrs. Collins and Alex
ander To provide for this in the cost Of the
irono furnish the increased equipment which 1t be-
comes moro and more evident will be demanded by
the traffic of the district and TO meet the contingent
penses so liable to be overlooked underestimated by
railroad companies the directors have increased the New
York and Boston subscription to 81 000 ten per cent
upon which has been paid in This subscription is
rely distinct from that Of the Georgia shareholders il
has been made up by capitalists here upon the express
understanding that only such amount shall be called
this stock the directors shall find necessary to full
fl the contracts of the company finish the road and
maintain the credit of the corporation.
Interest win to each shareholder according to
after paying expenses interest on bonds and on the
amount paid stock to be divided the share
holders here and in Georgia. pro rata according to the
number OF shares each person holds.
Negotiations are now in for tho OF
that portion Of the plans OF the company which conem
plates the extension of the road from Thoa Vile
sacoa, and the result shall at early day, be commu
ncated to the stockholders. Arrangements also
making for speedy and mutually advantageous connec
ton with the St. Marks and Tallahassee Railroad which
will permanently accommodate extensive district Of
country and BY opening railroad communication be-
tween the Gulf of Mexico and the Atlantic, will bring
large amount of business the united roads at pc
riod some months earlier than road be constructed
TO Pensacola.
1t may be considered out Of place to refer here to
the project which has been started in Savannah, for
building road from that city to Albany and thence to
point the Gulf of Mexico This line of road would
be OF great benefit TO the section Of country through
which IT would pass, and ii would in ne way inter
Railroad as the local tradc along the latter route
will be ample for its support and the through traffic
from the Gulf to the Atlantic will be far than
road can accommodate.
The friends of the Savannah and Gulf road have brought
forward mass of evidence showing the mmenae results
which must follow the opening of railroad communica
supersede the ocean passage around the capes of
Florida Their calculations fully corroborate the est
mates made in the report Of the Brunswick and Florida
Railroad Company of July last; and indeed tho advants
tages which must accrue to the public and to the
stockholders, from the completion Of one both Of
these railroads, too papable TO require further
argument. While referring TO their report of July
last, the directors repeat with confidence
in N he hair suha uopf
examinations The local traffic which must upon the
their line of road from Thomasvle to Brunswick after
making the most liberal allowance for expenses and
tingencies, and laying by ample sinking fund will
leave large surplus over and above nereston the bonds
and stock payments.
The Chief Engineer Of the company, Mr. McRae, with
an efficient corps Of assistants is attending with assdu
ty to the interests Of the corporation He reports that
very little deviation viii be found necessary from the
original line Of survey and that the route presents few
difficulties mpedments 10 the rapid progress Of the
work locomotive and quantity o. platform cars will
be shipped out TO reach Brunswick in February
to meet the Brst cargo Of iron from England. The
rainy weather OF the past delayed the compile
ton Of the canal from Altamaha TO Brunswick but
this work will be finished this winter, and afford
great facilities to the railroad contractors for procuring
early and cheap supplies of bridge timber besides fur
nishing an immense amount OF lumber and other out
ward freight for ships from Brunswick, before the rail-
road shall have passed the santills and penetrated
into the district which will yield its most valuable traffic
The opening Of this canal and deveopement OF the adyan
tsges Of this excellent port viii be bat the of the
benefits which Florida, Alabana Southern Georgia and
indeed thwhole southern country will derive from the
carrying out Of the undertakings Of this company The
national Importance Of this railroad from Brunswick 10
The directors do intend TO dwe upon this matter
but will at early period consistent with the in
teret of the corporation communicate 10 the stockhold
the steps they have taken in regard 10 IL.
SOLOMON FOOT, President.
4 Aas' D 4. bu,.s pi,ss,or.
LEVI KNIGHT,
JoUy PAINE,