The Daily Times.
Liverpool, Merseyside, England, 1860-10-02 00:00:00

66, QCEEN-RTRVE
•
• LoNnon, 23rd August, 1360,
Mesirs. R. WornF.nsrooN and .Co:,
46, Duulop-street, Glasgow.
BEAn Stas,—l have,.as requested, to-.day .visited the Royal
Laundry, with reference.lQ.the.advertisemont of the Notting-
ham firm, Who state that their Starch has been used far many
years in Ole Royal Laundry, and have been assured by Mr.
Thompson, the superintendent, that none but yourselves have
any 'light to state that they Surmly Starch to her Majesty's
Laun'tEry, as no other Starch is there used, nor has been used
for some years, but-/the Glenfield Patent Starch. - •
I have been further assured that your Starch continues to
give complete satisfaction, and that though "trial has been made
of samples of various Starches, none of these have been found
nearly equal in quality to the Glenfield.—l am, dear sirs, your
obedient servant, WM. BLACK.

,HE ATLANTIC AND GREAT ITESTERX
RAILWAY,
CONNECTING ,

NEW YORK AND ST. LOUIS,
By the Junction a the New York and Erie, and the Ohio and
Mississippi Ra'lways,
A CONTINUOUS SIX FEET GAUGE,
Twelve Hundred Miles, without Change of Carriages.

Issue of One Million Dollars first Mortgage Bonds, bearing
Seen per Cent. interest.
Payable half-yearly, on Ist January and Ist July, at the
Bank of London, Threadneedle-street, London, and at the
Banking-house of Messrs. Duncan, Sherman, and Co., New
York.

The four coupons first maturing will bear the guarantee of
the Bank of London, duly endorsed, thus guarding the invest-
ment-against any possibility of default during the construction
of the lino in Pennsylvania and Ohio.

DIRECTORS.
William Reynolds, Esq., Meadville, Pa., President.
lion. Gaylord Church, Meadville, Pa.
Nathaniel Marsh, Esq., New York, Director and Rem!Vat
New York and Erie Railway.
William Evans, Esq.,' London, Director New York and
Erie Railway. • '
Marvin Kent, Esq., Ravenna, Ohio.
Edward J. Lowber. Esq., New York.
Augustus F. Allen, Esq., New York.
Robert Thalon, Esq., New York.
W. S. Streator, Esq., Dayton. Ohio.
A. J.- Prudon, Esq., Jamestown, New York.
D. C. Doane. Esq., Jamestown, New York.
Hon. John Dick, M.C., Meadville, Pa.
BANKERS.
The Bank of England, London. '
The Bank of London, London.
- atrKSta. r. captivlio
M. L. de Cuadra, Paris.
BROKERS.
Messrs. liesseltine and Powell, London.
Messrs. Hope, Dodgson, and Co., London. •
Mr. E. F. Satterthwaite, London.
M. Philipp Nicholas Schmidt, Frankfort.
CONTRACTORS.
Ex. Senor Don Jose de Salamanca.
Worthy S. Streator. Esq.
ENGINEER-IN-CHIEF.

Thomas W. Kennard, Esq., C.E., 36, Great George-street,
Westminster.

Temporary Offices.--11, St.Helencplace, BishoPsiati-strut;
London.

The Atlantic and. Great Western Railway-378 miles in.
length—is the middle link. of a grand national line of six feet
guage, 1,200 miles in length, from New York through the
great States of New York, Pennsylvania, Ohio, Indiana, and
Illinois, to St. Louis; of which about 800 miles have been'
many years in operation.. IL possesses extraordinary facilities
for construction, having no tunnels, no deep cuttings, few'
bridges, and no ferries; avoiding the Alleghanv Mountains on,
the South, and occupying the natural channel of trade between
them and the Lakes on the North. It traverses some of the
most fertile portion of New York, -Pennsylvania, and the
" Garden of Ohio." It passes through the large shire towns
or centres of fourteen counties in the State of• Ohio, with more
than one million of inhabitants, and a taxable property of 260
millions of dollars, and accommodates seventeen cities and
towns in New York and Pennsylvania, heretofore without
railway facilities.
The differing laws of the States of New York, Pennsylvania,. IV
0
and Ohio, through which the line runs, render separate Orga-
nisation necessary, though practically the whole is one line. •
The present issue is confined to the Bonds of " New York
that section being now finished; a considerable portion of the
works in "Pennsylvania" is also finished, and the "Ohio"
•
section is in a very forward state, and Can be coMpleted in
1861. As each of these sections is opened, the Ronda willAtt
issued to the public, all the funds being provided in the mean- I`.
•
time by calls on Stock, and advances bp the contractors,
The Atlantic and Great Western 'connects with the New
York and Erie (of which it is a continuation) at Salamanca,
about 400 miles from New York; and the New York and Erie
Railway Company deem "the connection to be of such im- •
portance, from the large and valuable traffic which it will con-
centrate and throw on their road, that they have covenanted
to pay to the Atlantic and Great Western a bonus of 10 per
cent. on the gross receipts, from freight and passengers,
during five years from completion; and S per cent. for another
term of five years thereafter." This bonus is especially appro-
priated to securing the interest on bonds.
The association of M. de Salamanca with the Atlantic and
Great Western, Railway, is a voucher that the merits of the
enterprise ark not overstated, and an assurance that the whole
line will be rapidly completed, and its resources developed.
The bonds are secured by a first registered mortgage consti-
tuting a lien on the income and all corporate rights, privileges,
lands, franchises, plant and property of the railway ; and give
the holder the right of conversion into shares at par until Ist
January, 1864.
The bonds of the present issue are of 10,000 dollars each,
redeemable at par in twenty years, are transferable without
stamp or endorsement, with interest coupons attached, and
will be paid on the let of January and let of July in each year,
at the Bank of London, Threadneedle-street, London, and at
the banking house of Messrs. Duncan, Sherman, and Co., New
York.
The bonds will be issued at 80 per cent., or 2180 sterling per
bond; to include the coupon due Ist January, 1861, and will
be ready for delivery on Ist November, 1860, or earlier, at the
willcost
option of the purchaser.
The road' by
k
be
The value of the security offered may be best appreciated by
paid from idt sliagcut dated
teead; earn
comparison with the four great lines of the same system.
The total income of these' lines, for the last four y •has
been as follows
Erie. • Pennsylvania. Baltimore New York
1856 $6,349,050 and Ohio. Central.
... $4,720,193 $4,385,951 ... $7,773,169
1857 ... 5,742,606.... 4,855,669 4,616,998 ... 8,027,251
1858 ... 5,101,616 •... 5,185,330 •3,856,483 6,526,412
1859 ... 4,482,149 ... 5,362,355 .:. 3,618,618 ... 6,200,848
And these receipts, divided by the mileage obtaining trade,
gives the following receipts per mile :
New York
Erie. Pennsylvania. and Ohio.
Central.
$11,237 $12,722 $11,572... $12.848
10,164 ... 13.088 ~. 12,182 ... 13,268
9,117 ... 13,976 ... 10,175 10,790
7,933 ... 14,453 9,547 ... 10,249

1856
1857
1858
1859

Average...s9,6l2 $13,559 $10,869 $11,788
The contract cost of the Atlantic and Great Western Railway
is $37,000 per mile, say £7,400 sterling. Hence, an average
receipt per annum equivalent to that of these four great lines, -
will give an annual return upon the whole. cost, capital an
bonds, of 17 35 per cent., allowing 50 per cent. for working
expenses.
Applications for bonds must be made to the brokers. Copies.
of the prospectus, Ports of the engineer-
in-chief,with map, and the re
can be had from the brokers, or at the office of the
company, No. 11, St..llelell'a-Place, London.