Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-05-04

Gk ,OOO,OOO kSo Db Oh u IL II VIRGIN
- GINA AND TENNESSEE RAILROAD COM
FANY.-propo-als will b. reccioeG for the whole or
any pDrt oi the above is-u ot Bonds They dated
Lat July 1884 aud payable bearer in the city of New
York. The 9o,h June 1884, with interest Coupons at
tuched, the of per cent. per annum paynhe
semi annually the Bunk of America, the lst of
January ii July o each year and half their
convertible into tho stock Of The compuny the option
Of the holder
These bonds are issued under full authority of the
sockhulers for the purpose Of finishing aud c0uirpine
,he road, and they secured by second mortgage
the ond with all the renl estate, fixtures and equip.
ments franchises, uppurtenanccs md privileges appcr
timing thereto. The first and prior mortgage Tor
81 500 GOT, Of which 900 900 taken by the State
OF Virgin the following very advantageous terms
PER Gtercst. and thu principal be liquidaed
by payments annually oil one per cent. for "a years.
commencing the lst of July 1853. Tho remaining
$500 900 were sold at par.
The capital OF the compg~y is "a 0Oo, 900. three.
ffhs of which ia prld y the State of vireinia. and the
whole amount paid in ia S2,H5, 100.
The len 9Th of the roud, from the City of Lynchburg
to The Tennessee line, is 20i miles. OF whic 1876 are
entirely finished and in operation. The remaining 50
miles require only - IS 900 10 complete them and
months labor only necessary put the entire road
into full operation, There has been expended the
road about g. 600 900 in constructions rolling stock and
expenses IA double the amount of both MORTGAGES,
which together do exceed SI3 900 mile Of road
The road forms link in the chain of roads which
to become probably the most important route IN the
Uniun giving almost sra gh line from the Nortl ern
and Eastern cities, to those the Gulf OF Mexico and
the Mississippi, shortening the distance than 200
miles and there is but more link TO be finished to
afford continuous rail road transportation from the
city ofWashngton To Montgomery, Alabama. But in
depended of the travel that will To il part of
the great South and North Line. tho vi ginin and Ten
Rail Road has certain local business of its own,
which is clearly ascertainsd by the eurnhe of last year
only IS mile, open (sl6392 79) being sufficient Of
itself to support the ruad. 1t passes almost its whole
length through region Astounding with variety Of
minerals of the valuable nature. such IL nd conf,
iron copper, sall and gypsdm Nil of which exist in
great abundance which have been hith"rto neglected.
bui which fast being developed, no. tina they
be conveyed to market. In short tho prospects OF the
road attcrng, and tostcrcd II hDs been by
the State, and supported generally ny tho pcope Of
Virgins, with large cash capital Hcuaiiy pud in.
it believed security hns recently been offered OF
bstter character The Company have agreed to set
apart one per cent. annuity on the of their
bonds from the earning. of the nd, Sinking Fund
the payment OF them at maturity md the Stock
holders have adopted line OF policy, declare
dividend excepting fran cnsh surplus ne the interest
and SINKING Fund have been provided tor.
The terms which the sale viii be made 25 per
down and the basnc, IN payments of 10 per
every thty days till all pud. 1t the Whole is
pad nj once, interest To 1t July TO be allowed. the
right OF rejecting all any par OF the bids reserved
if deemed Tor the interests o. the Company do So
The bonds will be lodged in bank IL be deliver d when
the whole amount i.paid. Full inio nation will be
given all subjects connected with the financial affair.
of the Company, which could be desired by parties
wishing to offer for tile bonds, and document. and
ferences obtained by applying to Adrian II. Muller Esq
No. 49, Wall street, New York IN offers must be
sent sealed nd marked Tender for Rail Road Bonds
or before the 24th day Of May
JOHN ROBIN MCDANIEL.
President Virginia ard Tennessee railroad Co.
The Bourd OF Directors ares
HENRY DAVIS
GEORGE STUART
VILLA NJ A. READ
THOMAS l.. PRESTON
Nm. T ANDERSON and
c +. NJ GARNET rls Chief Ene'r.
vii ceye eel proposals fr the above loan,
which will ronain with me unopened ill 3 o'clock; Z.
M. of Thnrsd,y the 2iih day of May next to be then
opened in the pres Of the President or some other
authorized agent of he Company.
ADRIAN II. MULLER, 80 Wall atrset.
HplT eod,24may.