The Daily Times.
Liverpool, Merseyside, England, 1860-10-03 00:00:00

FORM OF APPLICATION VoR stiAßts.

- - -
To the Direttant of the Blackpool and Lytham Railway Co.
Gentlemen,—l request you will allot me ...... Shares of £lO
each, in the Blackpool and Lytham Railway, and I agree to
accept the same, or any less number which may be alloted to
me, and to sign the necessary documents, and to pay thg
deposit and calls thereon when required.
Name in Pull.
Profession.
•
Residence.
Date.

THE ATLANTIC AND GREAT • WESTERN
RAILWAY,

CONNECTING
NEW YORK AND St LOUIS,
By the Junction of the New York and Erie, and the Ohio ani4

_ _ •
Mississippi Rft bvag,
A CONTVOIOI.I6 SIX IiALJUE;
Twelve Httntti•ed Mira, without Change of Carriages.-

Seven per Cent. interest.
!Ante of One Million Dollars first Mortgage ponds, beating-
Payable half-yearly, on Ist January anti Ist Silly, at the
Bank of London, Threadrieerile,•street; Lundell; And at thd
Banking...liaise of Messrs: Duncan, Sherman; and Co., New
York.
The fotir ctitipons first maturing will bear the guarantee of
tho Bank of London, dilly endorsed, thus guarding the invest;
Ment against any possibility of default (hiring thb construction
of the lines in Pennsylvania and Ohio:
Dinneteas.
William Reynolds, Esq:,:3leadville. 11a., President.
Ron. Gaylord ChUrch, Meadville, Pa. • •
Nathaniel Marsh, Esq., New York, Director and Receiver
New York and Erie Railway.
William EVans, Esq., London, Director New-Fork and
Erie Railway. •
Marvin Kent, Esq., Ravenna., Ohio',
Edward J. Lowber, Esq., New 'Sr Ork:
Augustus F. Allen, Esq., New York. ,
Robert Thalom Esq.; Neal York.
W. S. Streator, Esq., Dayton, Ohio.
Prudon, Esq., Jamestown, New York:
D. C. Deane, Esq., Jamestown, New York.
Hon. JolurDick, DI:C., Meadville, Pa.
BANKERS,
The Bank of Engiaad; lamclon.
The Bank of London, London.
Messrs. I. Barned and Co., Liverpool.
11. L. de Cuadra,-Paris.
• • linokmts. •
' Messrs. Hesseltine and Powell, London,
Messrs. Hope, Dodgs.oni and to., London. • '
Mr. E. F. Sattertliwaitt, London.
• •11e. Philipp Nicholas Schmidt, Frankfort.
CONTKA,CTORS•
• PA. Senor Don'JOse de Salamanca:
Worthy S. Streator, Esq.
ENGINEER-IN-011. M
Thomas W. Kennard, Esq., 86; Oreat ileoi'gbtstreet'
Weattikintiet. ,
Temporary Offices...7ll, St. Helen's-place, Bishopsgate.street,
London.
The Atiantic and Great Western BailwaY-378 miles in
length—is the middle link of a grand national :line of sic feet
page, 1,200 miles in length, from Ne* Yrirk tliniugli thy,
great States of,New York, PennsytVania; . tutilana, and
Illinois, to St. LOUIS"; of *hi& abolit SOU miles have been
many yeats in operatiOn, It possesses extraordinary facilitieS
for eonstriktion, having no tunnels, no deep cuttings, few
biidga, and no ferries; avoiding the Alleghany Illotintaina" on
the South, and occupying the natural channel of trade bettitpeii
them and the Lakes on the North. It traVerset tf the
most fertile portion of New York t and the
"Barden of Ohio:" It 0.446 through the large shire towns
or centres of fOurteen bounties in the State of Ohio, with more
than one 'million or inhabititnts, and :t taxable property of 260
rnjllions of dollars,,. and accommodates seventeen cities and
towns in veto York and Pennsylvania, heretofore without
railway facilities.
The differing laws of the States of New loth, rennsyltrania,
and •Ohio, through which the lint runs, render separate orga-
nisation necessary .thot.f d practically the whole is one line;
The 'present issue tls confined to the Bonds of " New York,"
that sectiOri being now finished; a considerable portion of the
works in "Pennsylvania" is also finished, and the 0 Oblo"
section is in a very forward state, and can be 'cOmPleted in
1861. As each of these sections is opened, tbe Ethidt will be
issued to the public, all the funds being. tttivided in the mean.
time by calls on Stock, and advances by the contractors.
The Atlantic and Merit Western connects with the New
York and litie tof which it is a continuation) at Salanianea;
abotit 400 miles from New York; and the New York and trib
Railway Company deem "the connection to be of stick
portance, from the large and vahxttb e tra4llc Which it will con-
centrate and threw on their toad, that. they have covenanted
to 'Jo to the Atidnilc and Great
,W( stern a bonus of 10 per
tent: On the gross receipts, • froin
freight and passengers,
(tilting five years from completion ; and sper cent. for another
term of five years thereafter." This bbilus IS eSpecially appro.
printed to securing the interest on bonds'. • • h.
' The association of M. de Silanianeo. With the Atlantic and
Great Western. Railivny, RI a Vold:her that the merits of the
enterprise are not orerstated, and an assurance that the whole
line Wilt be kaphlly 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 arc of 10,000 doliars each,
redeemable at par in twenty years, are transferable without
stamp or endorsement, with interest coupons attached, and
will be paid on the lst 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.
Ist Ja e 1861, and will
nuar ,
The bonds will be issued at 80 per Cent , or 4180 sterling per
bond; to include the coupon clu
be ready for'delitery on Ist November, 1860, y
or earlier, 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 bestappreciated 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 :

1856 ... $6,349,050 ... 193.54,720, .. Baltimore New Ark
__ Pennsylvania. Central.
773,169
1858 ... 5,101,616 ... 5,185,330 .:. 3,856,485 ...
1857 ... 5,742,606 ... 4,855,669 . . 4,616,998 ... 8,027,251
iiain,
3d850,
9hsi Ohio. .
...
67,
1859 ... ' 4,482,149 ... 5,362,355 . 6,200,848
$12,722
And these receipts, divided by the mileage obtaining traffic,
gives the following receipts per ~618 ...
mile:—
Pennsylvania, Baltimore New York
'6,528,412
13,088 ... 12,182 ... 13,268
1;976 ... 10,175 ... 10,790
... an5d110,5117i20.... Central.
14,453 . . 9,547 10,249
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 and
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, with map, and the reports of the engineer-
in-chief, can be had from the brokers, or at the 4 office of the
company, No, 11, St. Eden's-place, London.

Erie.

Erie.

1856
1857 ..
1858 ..
1859

$11,237
10,164 ...
9,117 ...
7,933