Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-05-09
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ID NTINlA y NJ | NNtNNtb HAlI.hDAD bOh-
fANl.-I'Iopo-nis viii b, tcocived for the WHO q or
any part at the above i.su ct Burds. They dated
-, lSai md rasahr 10 henrcl IN the city =, New
york; Il a0.h JaHe 1894 with interest Coupons Mt
rnri d. the rafr Of 6 per cent per annum. puynl
semi immunity. III III, Bank of America the i Of
Il july ri enrh yrur and half thrir
convertible into he STICK ii the company ht the option
If the holder.
These bonds issued under fail authority Of the
orhh ,lr1 tor til" pnrpo,c of Finishing and equiPpng
ihe road, and they secured hy second mortgage
tine road with all the renl estate, fixtures md cq
tuent franchises appurenuncc-, and privileges gppcr.
mining thereto. The first npd pror rortguee, i. for
+ 500 06t ct which 81 900 00G taken by the SUITE
# Virginia Il following udvduta terms -
Ter mt itercst. and rhs principal 10 b" uqaidated
~ payments unnualy oil Que per cent. tor "a years
commencing On tie lsr of July, 1853. the remaining
$500 0dU were -oI,i ut par.
J he cun',l OF tie company is - 000.0Do. three.
tfhs of which il reid by the Set- OF VIrfinia the
Whole amount paid in is 500 100
TIE lrntth Of thu lond from the City of Lynn hburg
to the Tennessee line is 20i miles Of who 1873 me-
entirely f. shed and in pp"rarion Tho remaining 90
miles rrqu. only 81 5 900 to complete them. mud
months labor Is only necessary to put the entire road
int" fIl onertton There hus been expended on the
road nbout = 900 ono in construction, rolling stock aud
expen.es. sum double the OF both nrcs
which together 10 exceed sl3 ono miie Of road
The road forms link in the chain Of roads which
- become probably the most Impnrtart the
n"n, giving utmost straghtlnr from thu Mort
and Eastern ciiie. those the Gull Of Mexico ard
The Mississippi Shortening the distance tban 200
miles and here is but more link to be finished 10
afford combine rail road transportation lr IN the
cltv of Washington To MONTGOMERY Atahatnn But in
dependent of the trav, TINT will In it paii of
the great South and North Line, the v gnia Fen.
Raj Road has certain local business of IL on N
which is cleIrly nscerain-d by thu earning last
only 81 mile. open $l639!9 79) beibg sufficient ,r
Itself support the road. Ii pa.-e, ain ,st il whole
length through region abuuadiug with variety at
minrr lis OF the no>t uph.r nstur" such .cou
ir,. nd, ali 4
greht abundance which have been hitl"rtp reircted
bu which are FAST benny dryrIrP"i, no th4 hey can
h" conveyed market. Ia shout, the prospect. tbr
rund are most haicrna NJ n-r"r"d ~ In, been b,
the STATE and supported generally ~ the prop al
Nugni,, tn - aran cash clri'd nriun.y I,aid H.
it Is believed no security has j'cru,y been "Trre u
tier character. The Company have agreed i, st
apart per cent. annually the Hinnuaf their
bonds from the earnings OF the M mixing Fund
to m ct the pa, men nj them urtN d the Spr.
holder, have adopted lac at policy. deolar. 10
dNlttn excepn frnm rush surpu-. Hftri the interest
aud NMninE urd have beei provided FIR.
he terms wlich the 4nle via bee made are o5 per
cent down, ard thu bal ucr in psyrrns IF 10 per cent
every tIity days till ali paii. II the Who'll. am uut
Paid AT once, i.trie4t - july 70 be alnwrd The
right oi rejecting all any pur Of the bids is reserved
il deemed Tor tie ineie sts o. the Cumpau, do
The bonds viii he lndgri in bank t. be- deliver whrn
the whIIc amount i,paii. fuIl 'nformauon will be
all subjects connected witt the financial aft IL.
Of tbe Compaqy whie4 conli he desired by parties
wishing To Offer TO- the bonds, and ducunci aud
ercnres Obtained 10y npp,iae Adrian H. Muller. E.q
NJ" SO, WaH street, New York of, rs must be
-cE', sealed a nd marked Tender for K Ill Ruad Bonds
o or before the gath dny of MAY next.
JOHN ROBIN MEDIA MEL
President virginia and Tennessee railroad Co.
Tno Bo8rd OF Directors
HE> RY DAVIS,
GEORGE STUART,
VILLA VI A. READ
THOMAS l.. PRESTON.
WHIT ANDERSON and
CT. NJ GARNET r,l- Chief Epg'r
will receive sealed proposals for the above oan.
which will remain with unopened ill ID n5,; p.
NJ. of Thursday the 24ih day Of May next to ne then
opened in the pres ncef he President or some other
authorized agent Of he Company
ADRIAN H. MULLER. 80 Wall street.