Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-05-02
cbi, 100000 BONDS orTHE VIRGIN


u GINA AND TENNESSEE RAILROAD COM.
fANY-iroposals will b. received for the WHO e, or
any part OF the above i.su" of Bonds They dated
Is july 1854 and payable TO benrcI in the city Of New
York ON the Both June. 1884, with interest Coupons Mt
tachrd at the o! per cent. per annum, payable
semi annunlly, the Bank OF America. the lstof
January u al July oi eat ycarand one hail their amount
convertible n;u the STICK of the company at the option
OF tho holder.
These bonds nre issued under fall authority Of tho
ockhelders, for tho purpose Of Fishing and equippng
the road, and they ale secured ly second mortgage
the road with all the ron estate hxures and equip
menta franchises Hppnreuanccs, and privileges npper.
thinning thereto. The first and prior norlgage, for
500 O6G &C which ~ COO 900 taken by the Suite
Of Virginia on tie following very advantageous terms
er mt interest. and the principal 10 be liquiined
Ly payments annually oil per cent. for 81 yenrs,
commencing on the LIST Of July, 1853. The remaining
5000. 900 were sold at pnr.
The capi,p OF the company is 81 600 200. thee
IF hs Of Which il cd ly the State oi Virginia and the
whole amount paid in j. $3.50 100.
The len 9Th Of the rond, from the City Of Lynchburg
to tic Tennessee line, is 20i miles, Of whic 1875
entirely flushed and in ,perHtion, The remaining CD
miles require only 81 5000 to complete them, and
months, labor Is only necessary TO put the entire road
| iuto fun oneraton There has been expended the
road nbot = 600 000 in construction rolling stock and
cxren,rs a sum double the amount Of both mortpnres
which ioga ,lcr ~ eed $l3 900 per mile of ad
The road ems INK IN the cham OF roads which are
become prubnbly the most important route In the
mon, giving almost strnght Inc from the Northern
md Eastern cities Hose the Gulf Of Mexico and
the Misss.ipp shortening the distance than 200
miles und there is but more link 10 he finished
ahnrd continuous rail road transportation from the
CITY of Washington to Montgomery, Alabama. But in
dependent of the travel that will il part Of
the great South and North Line the Viginin and Ten
Rail Road has certain cal business fits
which is clearly nsccrain"d by the earning OF last year
only IS miles ($lG3 92g 79) being sufficient of
seIft snppcrt the rond. 1t passes almost its whole
length through alrgion Astounding with variety of
miner ls of the valuable such ad, coal
iron. copper, SAT- aud Cypsln, all "f which exist in a
great nhnniance which have been hitherto neglected,
bu which are fast being developed, that they
be conveyed market In short the prospects of the
roni facring, and to'tercd IA has been by
tho State, and supported generally by tho people of
prgni1 with US lurge cash capital actually paid in
it il believed security has ''cently been offered Of
better character. The Company have agreed to
apart per cent annually on the amount of their
bond from the earnings of the rcnd Sinking Fund
to meet the paymrnt OF them nj mnturity and the Stock
holders have adopted, line of policy, to declare
dividend excepting from cash surplus after the interest
and Sinking Fl nd have been provided for.
The terms which the sale will be made are 25 per
cent down and the balance in payments of 10 per
every thirty days ill all paid. 1.-THE whole amount Is
pad at once interest to lstJnly to be allowed. the
right rejecting all any par OF the bids is reserved
if deemed for the interests o. the Company to do
The bonds will be lodged in bank To be deliver ID when
the whole amount i'psI. Full information will be
given all subjects connected viii tue financial aipirs
of the Company which could be desired by parties
wishing o Offer for tile bonds, and documents and TO
fprcnces obtained by applying to Admin II. Muller Esq
No. 80, Wall street, New ork to Offers must be
sent sealed nd marked Tender for Rail Rua Bonds,
on On before the . 18th day of May
JOHN ROBIN MCDANIEL.
President Virginia and Tennessee RAILROAD Co
Tho Board OF Directors
HENRY DAVIS,
GEORGE STUART,
WILLIAM A. READ
THOMAS L. PRESTON,
WIN. r ANDERSON and
CT. NJ GARNETT,s Chief Engr.
l will r, ceye scaled proposals for the above lonu.
which will remain with unopened till oclook; +.
NJ. of Thursday the 24h day of May next, to be then
opened in the pres nce'of The President other
authorized agent of The Company
ADRIAN II. MULLER, So Wall street
anll7 endI24mRY.