Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-04-30
n, 900. 900 BONDS orTHE VIRGIN

- CHINA AND TENNESSEE RAILROAD COM.
i'ANY. Proposals will BE- received for the whole or
nv pnrt of the above Issue OF Bonds. They dated
81 july 1854 aud payable to bearer in the city Of New
York. the Both June. 1884, with interest Coupons at
I ,ched the rnte Of per cent per unnum. payable
eln annuity. the Bunk of America, the Ist of
ununry aud july oi each year and half their
Convertible into the stock OF the company at the option
or the holder.
These bond. are issued under full authority of tho
stock holders for the purpose OF finishing and equpping
the toad, md they secured by second mortgage
on the rund nh all the real estate, fixtures and equip
ent franchises nppurtenances and privileges appcr.
tanning thereto. The first and prior mortgage, IL for
s. 500 DOT which 900 900 iak en- by the State
II Vg mia tie following advantageous terms -
& er mt Interest. and tht principal to be qudated
ty payments annually ol one per cent for "a years
commencing the LIST Of July, 1853. Tho remaining
$500 0uU sold at pnr.
he capi.qi Of the company is ~ 100000 three
ff'hs Of which il cid ly the State oil Virginia and the
whole amount paid in is $!,97j, 100
The len eth OF the rond from the City of Lynchburg
to the Tennessee line ia 2O4 miles. ol whic l35 me
entirely flushed and in p"rnton. The remaining 50
miles require only So 5 600 to complete them. and ten
months labor Is ouy necessary 10 put the entire roHd
into full oneraton There has been expended on the
road about s. 900 ono in cons'urtinn, rolling stock and
EXPENSES n sum double the amount of both morteal
which together do exceed $l3 0o0 mile ofroad
The road forms link in the chain oi rpahs which
to become probably the most importnnt route IN the
Union eiv ug almost straight ne FROM the Nort
aud Eastern ciiie. tose the Gull of Mexico aud
the Mississippi shortening the distance orr than 900
miles md th is but more link To be finished TO
nhrd cont rail road spOrtation from the
city of Washing ton to Montgomery. AIamma. But i'm
dcre ndctt of thu, travel that Will To it pai of
the er,a, South nd North Line, tho vi gna aud Ten
Rail Road has certain loo i business OF its own
which clearly GRAINED by the earning of last yenr
onIy g., mile. open e G3 ,929 79) being sufficient Of
itself to support the oad 1t passes almost its whole
length through region Astounding with variety of
miner as of tho va liable nature such as ad,coa
a m. q in IA
g-a, abundance which ave been hitherto ncelec ted,
bul which fast being developed nos hs' they can
be- conveyed TO market. In short, the prospects OF the
road faitering, and o'tered as has been by
the Stnte, and supported generally by the people OF
Virgin, with large cash capital actually paid in,
it believed security has rece uty been offered o.
better character The Company have agreed to set
apnrt onr rer cent annually the uinount Of their
bonds from The earnings of the rcnd Sinking Fund
to M et the payment of them al maturity; and the Stock
holders have adopted line Of policy, to declare
dvden excepting from cnsh .urpur after the interest
and Sinking Fund have been provided Tor.
The ierrs on which the sale will Toe mnde nre 25
cent down ard bal4ncr in payments Of 10 per cent
every thiIty DAYS ill all paid 1.-THE whole amount Is
paid nj once, interest 10 l-,Julv 10 be allowed Inc
right rejecting all any par of the bids IL reserved
If deemed Tor the interests o. the Company I" do So
The bonds will be lodged in bank TO be delivered when
the whole amount i pail. Fun information will be
given ali .ubjects connected witt the financial affairs
of ,hs Cumpaoy, which could be desired by parties
wishing to offer for tile bonds and documents and
ftronces obtained by urplyag to Adrian ". Muller Esq.
No. s. Wall street, New York to wntm oarrs must be
sent sealed and marked "T-ndcr for Rail Road Bonds
on or before tn. 9 fh day Of May next.
JOHN ROBIN MCDANIEL.
President Virginia and Tennessee Railroad Co.
The Board OF Directors are:
HENRY DAVIS,
GEORGE STUART.
WILL, 81 A. READ,
THOMAS l. PRESTON,
WHIT ANDERSON, and
CT NJ. GARNETT,is Chief Eng'r
will receive sealed proposals for the above loan
which will remain with me unopened till o'clo;h; L.
NJ of Thursday the Oath day of May next, 10 be then
opeped in the pres, nee of he President other
authorized agent of The Company.
ADRIAN II. MULLER. SO Wall street.
:. spll7 eod,"4may