The Express.
London, England, 1862-11-22 00:00:00

-London Offices-2, Old Broad-street, KC.

The Atlantic and Great Western Railway commences at Sala-
tnanea, a station on the New York and Erie Railway, and
Maiin a westerly direction through the States of New York,
n:ygivania, and Ohio, forms a connexion with the Cincinnati,
Hamilton, and Dayton Railway, at Dayton, and completes the
only uninterrupted line of communication between New York
and St. Louis.

The different laws of the States of New York, Pennsylvania,
and Ohio, through which this Railway runs, render separate
organisations necessary, but practically the Atlantic and Great
Western is one Hue. The 'several corporations have consoli-
dated their interests, making each Jointly and severally respon-
sible for all.

The receipts of several railways, parts of the same system as
the Atlantic and Great Western, are :
The Erie Railway
The New York ()antral
The Pennsylvania Central
The Lake Shore
The Cincinnati, Hamilton, and Dayton „ 48
The receipts of the Atlantic and Great Western are already
L2_o per mile weekly, and will no doubt reach the average rate
of the old lines. The interest on all its Ist mortgage bonds will
be covered by net receipts of 5.6 per mile weekly.
Aa provision for interest and sinking fund the directors un-
dertake to pay over to Messrs. Brown Brothers and Co., bankers,
of New York, to be remitted to the trustees In London, the first
net receipts of the railway until a sattiektit amount is accumu-
lated for each half-yearly payment : and for the same purpose of
security for both dividend and sinking fund, the directors have
also entered into an engagement to pay to Messrs. Br own
Brothers and Co., direct, the subsidy from the Erie Railway on
the grins receipts from freight and passengers brought from the
Atlantic and Great Western Railway.
The directors believe that by the creation of these trusts, and
by engaging to pay the coupons in London, at a tired rate of 4s.
to the dollar par £l4 per ammo on each bond of 1,000 dollars,
or £213., they have provided for the bondholders a security as
perfect as any railway in England or elsewhere can give.
The Atlantic and Great Western Railway has several distinct
sources of revenue, any one of which will be more than WM:lent
to provide funds for its bonded deut
1. The Erie Railway bonus.
2. The Petroleum traffic.
2. The coal and cattle traffic. _ _

{. Hresdatutta and the general goods and passenger traffic.
The whole authorised Issues of first mortgage bonds of the
Atlantic and Great Western Hallway, secured ou the main line,
is £1,887,500, or about £1,500 per mile: of this, t. 125,000,
secured primarily on the New Yort diN Won. has been issued.
It Is now proposed to place 1.51E,500 (1,500,000 dollar;, and no
further issue will be made for two years, The share capital Is
7,750,000 dollar!.

The terms of bum are u follows:
5 per cent. on application.
10 per cent. on allotment.
15 per cent. 16th January, 1863
20 per cent. 16th February, 1003.

PO per cent. lath March, 142.
Subscribers have the option of paying the instalments In ad-
vance. aed will be allowed a discount of S per cent. per annum
on such prepayments ; but In default of due payment of the
respective instalments, all previous payments will be liable to
forfeiture.
After allotment, scrip certificates will be lined to "bearer."
These certidcates will be exchanged for bonds to hearer" on
payment of the final instalment. Coupons are attached to the
Monde, payable In April and October, at 31essra. Ileywood and
Co., bankers, at the fixed rate of 4s. per dollar, in London ; or
may be sent to New York for collection, at the option of the
holder. Bonds will be registered at the London °Bice if required,
without charge.
Forma of -spplicatioo, with copies of reports of the engineer-
inehief, maps, Ac., may be obtained of the Broken ; or at the
Wilma of the Company, No. 2, Old Broad-street, London, LC.
2, Old Broad-street, London, EC., October, 1462.

ATLANTIC AND GREAT WESTERN RAILWAY.
PORE OP APPLICATION

(To be forwarded to the Brokers after payment of the prelimi-
nary deposit to the Bankers).
To the Atlantic and Great Western Railway Company.
No.

No. S. Old Bread-etrect, London, E.C.
Sir,—Having paid to Messrs. Heywood and Co. the sum of
I hereby request that you will allot me
In value bonds of the Atlantic and Great Western Railway; and
I hereby agree to accept such bonds, or any smaller amount that
may he allotted In me, and to pay the further sum of 1.10 per
cent ou the same when allotted.
I am. Sir,
Your obedient servant,
Signature
Address In full
Date

EANCIIRS' RECEIPT
(To be retained by applicant, after being signed by Bankers).
No.
Received the day of , 19e2. on account of
the Atlantic and Great Western Railway, the sum of
, being the deposit required on an application
for an allotment of bonds of the said Railway.
. .

For Heywood and Co.,

SPECTACLES, improved by HARRIS and
sox, will most certainty preserve tM sight. Better cannot
be made. Steel, with crystals or pebbles, 15u; steel, with
.to 10s. Goad and Sliver Spectacles and Bye-Glesscs
fn peat Sr
variety, at equally low prices. liarriq's Prospect Glass,
Its. et post tree. THOS. HARRIS and SOB, Opticians to the
Royal Family, opposite the British Museum Gates, London.
Establhdbed 1780. Caution.—No travellers employed.