The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1855-04-30

81 l,OcOsOO0 BoSDs OF THE VIRGINIA AND.
TENNESSEE RAILROAD DCoMPANY.-Proposals will be
received for the whofe or any part of the above g-
aSs bearer 4 s he esy a fns
Seth June, 1881 with interest Coupons at
the rate 9f6 per cent per annuu payable ssmanpu.
and July OF each year, and smountcon
vsrtibls into the stock Of the company At the option
These bonds are Issued under full authority Of the
stockholders for the purpose Of flushing and equp
ping the road and they are secured by second mort,
equipments, franchises sppurtensnces, and privi.
gage isser 81 Of which Wis tafsn s
taeeous terms.6 per cent intersst and the princi-
oipslsto be Hqudsted by payne nts annually or one
sI csns T YEAR, a os on tie
. The capital of the company h s. 100000 three.
iths OF which 10 held BY the State Of virginia and
The length of the road from the city of Lynchbur4
to the Tsanessee line. 10 2o4 miles Of which 1s5 are
s6 sDtIsy finished and ss. y e@gssson @ The rsmspns
month"; labor 10 only necessary TO pat the eutire
road into fall operation. There hss been expended
on the road about 70 constsueton, roliing
SIS 600 per mile of road the Tosd iorms.s iinE IN
most Important route il the Union giving an almost
straight ns from the Northern and Esssern cities.
to those on the Gulf Of Mexico and the MIssssipp.
shortening the distance more than 800 n % And {
there 10 but one more link to be fnished to sford
continuous railroad transportation from the city of
Wsshington to Montgomery, M Asbsms. But. iads.F
Of the great South and North line, the Virginia and
Tennessee Railroad has certain local business Of La
last ssar only IS miles, open slas 10 = Ssiss
sufficient Of isef to support the road. It passes al
most its whofe length through region sbeunding
with variety Of minerals of the most vaiusble na-
ture, such lead, coal, iron copper salt and gyp.
sun, all Of which exist In great abundance, which
have bee, htherto neglected but which are fast be-
market In short, the of the road mcst
attering, and fostered as it has been by th, State,
with a. large cash capital actually paid in L
iieved no security has recently been offered n bet.
ter character The compsny have agreed TO set
bonds from the earnings Of the road, o. sinking
Furdto meet the payment of them pt matu ~; snd
the stock have adopted, as line Off fsy to
after the interest and sinking Fund have On pro.
vided for
per cent down, and the balance In payne, ts OF 10
per cent svsry thirty days till all paid fth fwhois
amount Is paid at oEce interesr TO let July be ale
owed The ; e, a, he o. my ps .of tbs
company to do The bonds will be LOGGED IN Dsnk
| 20 be delivered when thel whole amonnt Il paid
ssstsd su wth sSs .asis s q of the < npsny.
which could be desired by parties wishins % oher
for the bonds and dccunasats and isfere, css oo'
So Wall street, New York, TO whom ofsrs lusf be
sent sealed and marked Tender fos Railroad Bonds
or before the a4 joaSz fiz 4 Ros onss1 me pa;suAsiL
President Virginia and Tennessee Rsilfo'A ces
Tho Board Of Directors are- sseg sts ss3
henry DAVIS,
GEORGE STUART, teeaf Ga1
WILLIAM A. READ, ~. arr
THOMAS l.. PRESTON, 80
WIN. r, ANDERSON, and 81 esssss 5
CT m 0ARNETT, IL Chief nginesr.
IwiIl receiye sealed proposals. fer tbs sbsvs iosn
which will remain with me unopened tiit 3 O'clock
IA. of Thursday, the Gath Day Of Msy csxt, TO bo
then opened in the presence Of the RresideBt ~
sonae otner authorized agent of the Comreny. 4
-" ADRIAN II. MULLER, Sc Wslf q. 3
Ns,e York April Is, 1885,, sp ls--eodlN&dtf I