Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-05-07
MISCELLANEOUS.
csu 900, 900 BONDS orTmE VIRGIN

| ~ hiNlA AND TENNESSEE RAILROAD COM
fANh Proposals will b. received for the Whole,
any patt at the above issue of Bords. They dated
lt July 1851, aud payable bearer in the city al New
York, IN The both June 1884 with interest Coupons
tached III iherte Of 6 per cent per annuln, payable
semi annually, nth, Bank of America. tho 1st of
Janunry al July Of each year and hall their
convertible into the stock of the company the option
of the holder.
These bonds are Issued under full authority Of the
stockholders, for the purpose of finishing and equirpng
The roed and they secured by second mortgage
On the rnad with all the real estate fixtures and equip
ment., franchises, appurennuccs and privilege appe.
tanning thristo. The first and prior mortgage, Ia for
VI 500 0ht ct which 81 900 900 taken by the State
nj 'irginn on tie following advantageous terms =
Ter mt teres,, and the principal to be iqaidated
10y payments annually al one per cent. tor 81 years.
commencing ON the LIST ot July, 1883. The remaining
| 500 00U were sold pat.
The eapi.sl OF the company is 81 100000. three
hiths III which held 10y the State OF Virginia. nd the
whole amount paid in is $!975,l0
The length Of tho road, from the City OF Lynchburg
to lie Tennessee line. is 2Oi miles, of "hie l35
entirely hnshed and in operation. Tho remaining 50
miles require only 81 '5,O 600 to complete them mud ten
months ahor Is only necessary put the entire fosd
| into full operation. There has been expended the
road about 81. 900 600 in rolling stock nd
expenses, sum double the of both
which together do exceed S3 0n0 mile ct road
The road forms link in the chain of roads which
! To become probubly the most important route III the
Union, giving almost straight line FROM the Nor.inrn
and Eastern cities. to those the Gull of Mexic nj
the Mississippi shortening the distance than 900
miles and there j. but link Ia be inis he'd
afford nconnuous rail road transportation frrm the
! city of Washington to Montgomery, Anama. But in
denende1t of the travel that will come put Of
the great South and North Line the Nigina and 7 en-
Raj Road has certain local business of its
which is clearly nsccrain'd by the earning Of last war
only 81 miles open (Sl63 929 10Y being sufficient .,
se support the road. 1t passes almost its VIII OLE
length through region Astounding viii, variety of
miner ,ls OF tho valuable nature, such l. ado pn
iron, copper, salt aud gypsdm, all Of which exist
! Hlundnuce Nhrh huyc been hitherto 20
bun which are fast being developed, no" tha they
be conveyed market In short the prospects Of the
rnad most lnerug, and fostcrcd II hns bee by
the State and supported generally by the Poop r oi
Virginia. with large cash ptal actually pa in
it is believed ocnry has emily been offered Of
b liter character. The Company have agreed act
apart per cent. annually the amount of their
bonds FROM tho earnings OF the read Sinking Fund
to the pay ment Of them maturity, AID tho stock
holders have adopted as line of policy 10 dec arc NO
d'iden excepng from cash surplu'. after the in tees
and Sinking Fund have been provided for.
The terms which the sale will be made - per
cent down. ard the balance in payments of 10 porcen
every Thirty days till all paid. II the whole
pnid once, interest Isl July be allow ell Tns
right OF rejecting all any par. Of the bids is reserved
if deemed for the interests % the Company Ia 10 SD
Tie bonds will be lodged in bnnk obr deliver ed WHEN
the "hpe amount paid Full information will he
all subjects connected with the iuar. Il affairs
| oil he Company, which could be desired by parties
WISHING offer for the bonds, and document sund
ference. obtained by applying to Adrian H. Mu Ter, E,q
No. 30 NHll street, Now York o IN offers must be
sent sealed and marked Tender for Rail Road Bonds,
before the 24th day of May
JOHN ROBIN MEDIA MEL.
President Virginia and Tennessee lload Co.
The Board OF Directors
HENRY DAVIS.
GEORGE STUART.
WILLIAM A. READ.
THOMAS l.. PRESTON,
WIN. r ANDERSON md
CT. NJ GARNETT,s Chief Eng r.
will receive sealed proposals for the nbovn loon.