Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-04-18

70 hiNlA AND | ENNtNSEE hAlIhtDAiD lOAl-
lANY Proposals viii BIZ received for the wlor or
any part of the above Issue &C Eords. They dated
la july 1854 and payable hcnre in the city oi Nrw
York, the }0h June, 1884 with interest Coupons
tuchsd the pte OF per cent. per aunum. payable
semiannunlly, AT the Bank OF America. on the of
January ID July oi each ycarand half their
convertible into the stick OF the company at the option
Of the holder.
These bonds are issued under fn authority Of the
stock jldrr for the purpose of finishing and equpping
the road, and they secured by second mortgage
the rond with all the real estate, fixtures and equip
mentS franchises, HPpurenances and privileges apper
timing thereto. The first und prior mortgage, il for
$500 Oo0, CT which $1,000 600 taAca by the State
of Virginia tie oilowing.vtry advantage terms -:
per cent. iLterest and tn, principal be quintcd
by payments annually oil Que per cent for "a yeers
commencing on the lst ct July 1898 HE remaining
$500 600 sold n. par.
The capi.el Of the conpnny is s. 100000 llnen.
ffhs Of whichis ED by the State of Virginia and the
whole amount paid in is $3.50 100
The len eth Of the road, from the City OF Lynchbur
to the Tennessee line, l. 20i miles Of vhc 49,
entirely finished md in operation The remaining 90
miles require only - IS 600 complete Them aud
months labor is only necessary put the entle road
into fnl operaton There hus been expended on the
road about s. 900 600 in ton rolling stock and
expenses double the amount Of both moraages,
which together do not exceed sl3 QUO per mile OF road
The road forms link in the Chain OF roads which
become probably the important IN the
lnion giving almost sragh line from the Northern
and Eastern ce., To thnse the Gulf OF Mexico and
the Mississippi shortening the distance than 300
miles and there is bat more link to be finished to
afford continuous rail road transportation from the
city ofWashingion to Monte emery, Aalmma. Bat in
dependent of the travel TINT will it pant Of
the great South and North Line the Vi ginra and Ten
Rail Road has cernin l. cal business of its own,
which is clearly uscertainad by the earning of hist
only 81 miles open e lG3 929 79) being sufficient of
itself to support the road. 1t passes almost its whole
length through region Astounding with variety It
miner lis of the valuable nature such l. dcual,
iron s1It and all Of which n
great abundance. which have been hitherto neglected.
bur which fast being developed, now thu. they
be conveyed market In short, the prospects OF the
road aifering, and tostcred rs 1t hns been by
the State, and supported generally the peeps of
Vitgin., with large cash capital actually raid in,
it believed security has recently been offered a.
batter cllaractrr The Company have ugrecd
apart per cent annually on the amoutt of their
bonds from the earnings of the rcnd Sinking Fund
the payment of them nj maturity; md the St,ch
hol,lers have adopted, line of policy to declure
dyiden excepting from cush surplus. after the interest
and Snkins Fund have been provided for
he terms II which the sale will be mnde are % per
down, and the ba incr in payments of 10 per cent
every Thirty days Till all rnii If the whole am1unt is
rnid at once interest 10 l.Juy TO be allowed. the
right of rejecting all any par of the bids is reserved
if de, mel for the interests o. the Company /" do
The bonds will DE lodged in bank BE- deliver when
the VIII lie amount i'psil Full Information will be
given on all subjects connected with the financial affairs
of ihe Compnny which could be desired by parties
wi.hin, To Offer for the bonds. and dOcumentsand re-
frrnces Obtained by applying to Adrian H. Muller ECO
No 49, Wall street New York to wnom offers must be
sent sealed and marked Tender fer Ill Roai Bonds,
on or before til, 24th day q" May next
JOHN ROBIN MCDANIEL.
President virginia and Tennessee lia:iroal Co.
The Board OF Directors are:
IlENRY DAVIS,
GEORGE STUART,
WILIIAM A. READ.
THOMAS l. PRESTON,
WM. r ANDERSON aud
C.FM GARNETrs Chief Eng'r.