The Daily Times.
Liverpool, Merseyside, England, 1860-10-12 00:00:00

JAMES STEWART & CO„

HOLESALE WINE AND SPIRIT MERCHANTS AN
BOTTLERS OF ALES AND PORTER,
QUEEN 'INSURANCE BUILDINGS,

11, DA LV.STR.F FIT&

A DESIDtRAThi FOR FAMILIES

• -
VOl7 can Purchase at our EgTABLISHMENT,
and have forwarckd free td your residence,
SMALL CASKS OF PRESTON ALE.
6 Gallons • 9s. and 10s. 6d.
9
9 „ Bitter lss.
Old Draught or Bottled
WINES:
First quality of old and matured
SPIRITS.
Fine rich sparkling
BOTTLED ALE and LONDON DUBLIN STOUT.
gir' Spirits in quantities from Half-a-pint upwards.
H. F. CAMIDGE AND CO.,
135, DUKE-STREET, LIVERPOOL.

FENDERS AND FIRE IRONS.

lOGS & JONES respectfully solicit an
11 ntaizc:rto:;F of 61.611 chthvty

14fEl* STOCK
OF
FENDERS AND FIRE IRONS,
Being one of the largest selections in Liverpool,
COMPRISING
ALL THE NEWEST DESIGNS
IN
ORMOLU, STEEL, ELECTRO, AND OTHER

BRONZES,
"Varying it prices from Sixteen Shillings to Eight Guineas.

HIGGS & JONES,
FURNISHING IRONMONGERS,
46-LORD-STREET-16

•
THE ATLANTIC AND' GREAT WESTERN
RAILWAY,
CONNECTING
NEW YORK AND ST. LOUIS,
By the Junction of the New York and Erie, and the Ohio and
Mississippi hallways,
A CONTINUOUS SIX FEET GAUGE,
Twelve Hundred Miles, without Change of Carriages.
Issue of One Million Dollars first Mortgage Bonds, bearing

Seven per Cent. interest,

Payable half-yearly, on Ist January and let July) at the
Bank of London, Threadneedle-street, London) and at the
Banking-house of Messrs, Duncan) Sherretin, and Cd.) Ner
York.
The fottr,c'dupOns 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 lines in Pennsylvania and Ohio.
DIRECTORS.
William Reynolds, Esq., Meadville, Pa., President.
Hon. Gaylord Church, Meadville, Pa.
Nathaniel Marsh, Esq., New York, Director and Receiver
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 Thelon, Esq.) New Wk. ,
W. S. Streator, Est'., Dayton, Ohio.
A. 3. PtSidon, sq., Jamestown, New York.
Et. C. Doane. Esq., Jamestown, New York.
Hon. John Dick, M.C., Meadville, re.
BANKERS.
The Bank of England, London.
The Bank of London, London.
Messrs. I. Barned and Co., Liverpool.
M. L. de Cuadra, Paris.
BROKERS.
Messrs. Hesseltine and Powell, London.
Messrs. Hope, Dodgson, and Co., London.
Mr. E. F. Satterthwaite, London.
M. Philipp Nicholas Schmidt, Frankfort.
CONTRACTOR&
Ex. Senor Don Jose de Salamanca,
Worthy S. Streator. Eq.
EivettAsa-IN-Ciirsi".
Thomas W. kennard, Esq., C,E.,_36, Great George-street,

Westminster.
Teinporary Offices.--11, St. Helen's-Place, Bishopsgate-street,

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 mile's 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. It possesses extraordinary facilities
for construction, having no tunnels, no deep cuttings, few
bridges, and no ferries; avoiding the Allegheny Mountains on
the South, and occupying the natural channel of trade between
them and the Lakes on the North. It, traverseS soine df the
most fertile portion of New -York, Pennsylvania, and the
"Garden of Ohio." It passes through the large shire towns
or centrhs df 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,
and Ohio, through which the line runs, render separate orga-
nisation necessary, though practically the whole it 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 Bonds will be
issued to the public, all the funds being provided in the mean-
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 WI stern a bonua df 10 per
cent. on the gross receipts, from freight and passengers,
during five years from completion ; and 5 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 Silamanca with the Atlantic and
Great Western Railway, is a voucher that the merits of the
enterprise are 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 cona-ersion into shares at par until Ist
January, 1864. _

The Worlds 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 Ist of January and Ist 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 £lBO sterling per
bond; to include the coupon due Ist January, 1861, and will
be ready for delivery on Ist November, 1860, er culler, at the
option of the purchaser.
The road represented by these bonds is finished; its cost is
known and liquidated, and its interest and dividends will be
paid from its actual earnings.
The value of the security offered may be best appreciated by
comparison with the four great lines of the same system.
The total income of these lines, for the last four yeas, has
been as follows :
Baltimore New York
Erie. Pennsylvania. and Ohio. Central.
1856 ... $6,349,050 $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 ... 3,856,485 ... 6,528,412
' 1859 • . 4,482,149 5,362,355 3,618,618 ... 6,200,848
And these receipts, divided by the mileage obtaining traffic,
gives the following receipts per mile :
Baltimore New York
Erie. Pennsylvania. and Ohio. Central.
1856 ... $11,237 $12,722 ... $11,572 ... $12,848
1857 10,164 ... 13.088 ... 12,182 ... 13,268
1858 ... 9,117 ... 13,976 ... 10,175 ... 10,790
1859 7,933 14,453 ... 9,547 ... 10,249

-- -
- -
Average,,,
$9,612 $9,612 $13,559 $10,869 $11,788
The contract cost of the Atlantic and Great Western Railway
's $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 and
bands, of 17 85 per cent., allowing 50 per cent. for working
expenses. _ . _

Applicatioxis for bonds must be made to the brokers. Copies
of the prospectus, with map, and the reports of the engineer-
in-chief, can be had from the brokers, or at the office of the
company, No. 11, St. Helen's-place, London.

austritUa.

STEAM TO AUSTRALIA UNDER SIXTY DAYS.

PASSAGE MONEY Ll 4 AND UPWARDS.

"BLACK BALL" LINE OF
BRITISH, AUSTRALIAN, AND NEW ZEALAND
EX-ROYAL ➢TAIL PACKETS,

"EAGLE" LINE OF PACKETS,
In conjunction with the celebrated Screw Steam Clipper
GREAT BRITAIN,
APPOINTED TO SAIL PONCTVALLT