The Express.
London, England, 1865-12-11 00:00:00

PROOPICTIIII.
Thin Company in formed to extend thelnem of the Md.
established tank of Yeesra Chutes Witte and Co.. cd Zoe
Bare do Rampart. Paris, to thin ooonta7 and elaawhers, bTT con-
=it into a jointetock undertaking. on the of
liability. and thaego afford the oommertial COra-
was* idid essmalimailie We kw treemeting *Mr ferelem
laritileg mg ft Weep, en eitablightmlat
having its centre in Louden, and powering the aaventsio of a
name well known and acaredited throlighout Europe, topther
with a thoroughly organised. most extensive, and Influential
connexion.
The business of the Company will be similar 1n character to
thM hitherto carried on by Means. C. WPM and Co. and other
Vd.a..forelpi banking houses, Os., a combinatkin of banking,
financial agency, and general mermetile monetary _
le=with the advantage of increseed resources end a more
ed field of operation& 11
An arrangement has been concluded with Mews, Cherie*
Ladino and Co. for the purchase of their badness. for the min
of £150,000, which amount has been arrived at upon a moderate
computation of its vales, based epos * statement of the preens Jr
actuall) realised during a series of mars. Two-thinis of the
parchasemoney will be taken in 'hares. on which LIO per share
; will be credited as paid-up, and Mr Charles Lafildt e will continue
' his connexion with the undertaking In the capacity o Clubman
of the Company, and will give to it all the advantage of hie Jul.
ence and experience. July
Negotiations are pending toe incorporating with this Company Au,-
other banking. financial, and commercial establishments, for the
of extending the sphere of its operations, and of afford-
to the establishments alluded to the opportunity of consoli-
dating their badness, and of reducing the existing liability of
their ehareholdera.
In cane no allotment is made, the money deposited on applies.
ties for shares will be returned in full.
Poems of application for shares and every information can be
(Pained of the Bankers, Brokers, and Solicitors, or at the Offices
al the Company, where copies of the memorandum and articles
&association. and of the agreement with Messrs. Charles Witte
and Co.. may be seen.
Dee. 6, Mb.

This table includes the hate of SS miles the Oil Creek
Railwworked by ay, which was constructed by and hasof hitherto bean
the Atlantic and Great Wetter°
but does not form part of the Consolidation. It•ilway Company,
The actual result, therefore. Is• gross receipt at the rate of
upwards of 01,000,000 spear at the present exchange, with 100
miles still to open, and a large Increase of traffic only waiting for
• further supply of rolling stock.
_ . .

---
Tinnier's Irene is owing to two causes :
1. The Atlantic and Great Western line forms the central link
of the greatest line of through traffic in the world, viz., that be-
tween the Western State. of America and the Atlantic. From
He shorter distance, and advantage of forming part of an un-
broken line of 1,200 miles on • uniform sin-feet gauge, It must
always be the beet line of communication by which the enormous
goods and pamenger traffic centering in the Western cities of
einem:tett Clerveknel, Chicago, and St. Louts, can arrive at New
York and the sea-board.
2. The local traffic is equally enormous, owing to its traversing
the newly-discovered oil dlitricta of Pennsylvania, and the great
coal fields of Northern Ohio. Some idea of the toess traffic
thus waiting foe developmeet, may be formed from the single
feet that this oil district now yields at the rate of 3,000,000
barrels per tu,num. for the conveyance of which as much as 3d.
to 4d. per ton per mile Leanne, paid.
A consolidation of the several divhdons of the Atlantic and
Great Western Railway under one executive has been made, and
a mortgage for 30 millions dollars, or 6 millions sterling of bonds
has been created,and also* capital of SO millions dollars of shares
of 50 dollars each, based on the whole property of the Company.
The new theses will swarmed. those previously issued, with the
exespeks of 1,119,00 e dollars of preference shares pledged es
part of the security for the certilicatee of debenture issued in
November, 1864, which will therefore remain preferential until
those certificates are paid off, when the whole will become ordi-
nary share capital. Provlsiou is made In the mortgage deed
(under whic rig
htsated mortgage bonds are issued, for
securing the of the 'netts' mortgage bonds, ame
nd aim for
their exchange at maturity, or earlier, by consent of the holder,
if arithorteed by the Board of Control ; this being completed, the
present consolidated mortgage will become the tint mortgage
over the whole railway, with its branches, extensions and equip-
over
The consolidated capital therefore will consist of $60,000,0e0,
half in shares and half in mortgage bonds, which provides for the
completion of the entire line.
To meet the interest on these bonds at 7 per cent in sterling
after paying all working expeume wisealcuLtted by Mr.
Forbes theta ems annual receipt of would be suffi-
cient, which Ii considerably less than the actual receipt, and
1,673,000 dollars less than Ile. Forbes's estimate at the annual
receipt when the additional 100 mile, are opened, so that the
security for the bonds le ample, and there Is every prospect that,
in addition, a high rate of dividend will be paid on the 30,000,000
dollars of share capital.
The consolidated bonds have 25 years to run, with coupons
for interest at seven ,per cest, per annum, payable quarterly,
free of income fan, at the Company's °Moss In London or New
York, in gold. Interest is payable on 16th January, 15th April,
15th July, and Ugh Octimber al sech yeer.
it is prop
to eirempriate the total authorised Woe of
$30,000,000, or Z 6,000,000 sterling consolidated mortgage bond,
se follows :
1. A reserve of $16,142,000 will be placed with trustees to
meet, either by conversion or payment when due, the existing
divisional martens
_bonds, being the total amount shat has been
Weed, or authorise_ to be issued, as certified by Mews. Cole-
man, Turtiand, Youngs, and Co., after due examination of the
Company's books and registers, or equal to £3,228,400. This in-
eludes all bonds issued to the public, and also the bonds de-
waited with trustees for the certificates
of debentures issued in
November, 1966, the eecurity of which emains unaffected by
the preeent amingeseenta
2. The balance, viz., 42,771,600 is offered for public mbscrip-
Lion at the price of 490 per 4100 bond, including the coupon due
January 15, 1886, payable as follows :
£5 per 4100 bond on application ;
10 „ „ on alloftent
25 „ „ on ibth January, 1866, less coupon £1 15a.
due on that date
20 „ „ on 16th February, IBM ;
20 „ on 15th March, 1986 ;
allowing_ for tie January coupon, the net price of each 4100
bond will be £7B sa, or allowing for discount on prepayments
under eft
Butacribers will have the option of paying In fall, under dis-
count, at the rate of 7 per cent per annum ; but, in default of
dna payment of the respective Instalments, all previous pay-
ment. will be liable to forfeiture. The definitive bonds being
now ready will be delivered, in exchange for scrip, as soon as it
L fully paid int
ies Of the laws authorising the consolidation of the several
=one and branches of the Company. of the deed of trust or
mortgage, of the form of consolidated mortgage bond, and of
other documents relating to the present issue of bonds, are de-
posited for inspection at the daces of the solicitors.
Applications mutt be addressed either to the Secretary, at
the offices of the Company, 5, Westminster-chambers, Vic oria.
street, Weetminster, S.W., to the bankers of the Company, or to
the brokers, from whom primpectuses and forms of application
can be obtained.
London, December 2, 1985.

CHABLIS LAYTITTE and Co. (limited).
/Oen OF APPLICATIOR /OR SMARM
(To be retained by the gankere)
No
To the Directors of Charles Witte and Co. (Limited.)
Gentionten,—Having paid to your bankers the sum of L
being deposit of Cl per share on Warm to the above
Company, I hereby request that or
will allot me that number,
and I sweep accept such shame or any less number you may
alai se; I tumble agree to pot the dapoolt on allotment. and
ths soils as and when made, and to sign erticles of emacia-
tion or the Cowpony when required, and I authostro you to
insert m name on the register of membersfor the number of
in to me.
Usual signature
Name in toll
itaidooos.

Prods=len
Dais

THE ATTGLO-ROAILAMO WATER 001IPANY
(United), (THZ AQUA 511112 CIA).
Capital 8.400,000, in 10,000 shares, of £2O each.
With power to imams.
First bane, 7,600 sham
LE to be paid OD application, and LS on allotment.
Interest at 5 per cent per annum upon the amount paidnp
durth.a construction.

PULLVIV.IO.
Richard J. W. Douglas, Esq., Lewisham, Director of the West
Landau Ballwin.
Signor Novak% Palazzo Braschi, Rome.
James Shepherd. Rao.. Director Gwent of the Anglo-Romano
Gas Company, Rome.
Richard Ward. Sm., Anglo-Romano Gas Company,l, New Broad-
guest, RC.
William Wright, Esq., 60, Princes-square, Bayswater.
(With power to add to their number.)
The Directors have subscribed in earls not only.for the amount
of their respective qualifications, but also collectively for
ti,eoo capital stock in steam of the same. and no director has
received, or will directly or indirectly receive, any payment
whatever for his qualification.
O
Baszen—Thu National Bank, Old Broad-street, and its Branches.
soucTrais—Metal. Men= and Mercer, 9, Mincing-lane. R.C.
860113-81 r Limnos Decizawi Croaky, San-court, cdrahiu.
Enotlingn—B. rimy, Eaq.,
nnalar. 28, Great Georgeetrest, West-
SIKIIMMIT two tem.)—C. Nicholson.
omen&
London 1, New Broadatreet.
fore : 17, PIAZZA Aracieli.

PROSPECTUS.
The present project into conduct to Rouse the water from the
famous and never-failing iprhage at Arlo% known aa the " Aqua
Marcia," and " Regina Aquanun," of the ancient ROMMIL
Tidewater has been proved by incontestable analysis to be free
from all impurs: possesses moreover the further immense
advantage of reaching to the top loon of the highest houses in
Rome—a level unattainable by the existing imperfect supply.
Rome, though ornamented with numerous fountains,- Is per-
haps worse off for pure drinkable water than any other city of
its dm In Europe. Onobilf of the homes are entirely without
water: and In addition to this, the present supply from the
" Folios," and from the " Paolo," Is unlit for drinking purposes,
so that the Aqua Mazda cannot fall to command an immediate

~pater, In Rome. is treated as a property, and dealt with in
the same way as land or houses. The demand for it is extraor-
dinary. The present selling price of the freehold in an ounce'
(the Roman standard of measurement) is upwards of £2OO. The
rent for the same averages from age to £26 per annum.
The climate of Rome being for several months in the year
almost tropical, water is there an article f
orxury as well as of
necessity ; it is also of the greatest utility f Irvington. These
circumstances naturally combine to enhance the price.
An exclusive concession of the Aqua Larch" has been
obtained from the Pontifical Government. giving every possible
facility to the present scheme, which is calculated so material 17
to benefit the Sternal City. The concession comprises the abso-
lute freehold In the waters, and • lame for 9) years of the lands,
aqueducts, and work'.
plans ncessionaires, who have expended large sums of money
inaod studies, have agreed to convey to this Company the
concession, with all the property, rights. and privileges before
mentioned, for the sum of 00,000. They goo undertake to pay
ell preliminary expenses connected with the introduction of this
project, reserving for their remuneration one-fourth of thesur-
plus profits of the Company, after the payment el 10 per
annual dividend to the shareholders.
Plans, estimates, Ac., have been prepared by the Engineer Plans,
with the utmost, care and accuracy: and the Directors have
received otters from responsible contractors to execute the
works at the Engineer's valuation.
The springs at Arson yield a continual supply of upwards of
5,000 "ounces" of water. it is proposed at once to construct
works, adequate for the conveyance of the whole of this amount
of water to Tivoli, whence upwards of 1,600 " ounces" in the
first instance will be conveyed to Rome by iron pipes : the other
1,100 "ounces" will be brought as the demand arises.
Creful inveglgatione 'how that the actual present demand
tar e axceeds 1.600 ounces." It Is propowd only to sell onehalf
of this quantity, which at the lowest price of an ounce." viz.,
L2OO. would give a return of upwards of £150,000, and the rental
of the remaining 760 "ounces" would yield an income of
£15,100 per annum. It is calculated that the profits from the
sale of water will give • large bonus to the shareholuers;
the income derived from the rent of water will give at the same
time a continuing annual dividend of upwards of 10 per cent.
In addition to this result it must be remembered that 1,600
"ounces" will remain to be conveyed from Tivoli to Rome the
cost of which would be considerably within the balance of the
capital. Assuming that from the incresaed wpply there would
be • deprecLdion to price of even 60 per cent, so that the price
of an . ounce" of water fell from £2OO to £lOO, and the rent for
the same from £2O to £lO. the result of the second operation
would be most highly profitable.
Notwithstanding the absolute sale of the water, the Company
are empowered by the terms of the coneessioe to levy, tor main-
tenance of the works, • tax of 01 65, per annum on every " ounce"
of water disposed of.
• large proportion of the first issue at shares has been applied
ter in Rome, principally by shareholders in the Anglo-raßtion 12omano
Ow Compaoy. This latter Company has been in ope
years with most successful rts, it has paid large dividends,
and its shares now stand at Nigh premium.
In all caws where no allotment is made the depodt will be
returned in full_
The operations of the Company will comprise the objects men-
tioned in the memorandum and article amociation, which,
together with an authenticated copy
COIIIMMOD, may be
inspected at the ogicet of the solicitors to the Company.
noepectuses and forms al application for shares may be
obtained from Sir Chaffee D. Mehl. broker to the Company,
and at tbe offices. 1, New Broad-street.

IBS TOYAL. . _•••
IS
• tenPaMals,6ll:r. irmigut. 18----, . —um, MUsDI9. SELECT
Mtar.. LIBRARY.—The NEW
--- don ofe, newest
oltiv.....thooks, one guinea per annum, rousosnolo4
Dollars. Dollars. Donors. Dollars.
at us date Cless 3 subscription. half -egulnes per annum.
January.. 321 111.761 149,379 ketkkk 11.1•18° - •1i stred on moderate taus.
February „ iee,ne 277.910 129,051 397.040 Book dab*lowa Or ovully.., 8 nu=
Much .. „ 11%412 SUMS IAM 449,914 unnsgy
117,641 289969 197,937 406.680 (
Zil ........ .. 106,43 1194,00 214,979 440,1 d
168.713 360,209 314,621 614,042 ItArIJDIZI muter LIBRARY.—Free delivery
July .... 490 DRAVA MAO 1132,0911 695,699 IV/ of BortzllUDlCB LIBRARY MI43BIINGISIS call
Augut . • „ 213.469 mow 796.076 MOE regularly on ted days to darer books at the ruldences
Beptentbr. „ 210.914 464M/1 446.044 677,095 of sulsatbers every part el London sada. Immediate neigh-
october.. ~ 907.961 MAO MAT 719,911 bourbood, on l_p_len..._ which has glum perat eaMobation for
tsar oe apPlication.—MUDlSß BLUM
AIM YEWS.
TM. talfb. ierludce the trait of SS miles of the OD Creek ugirAwy 01.7447 pow Goadwoowoo.

IRE TO HESS COLUMNS TO-MORROW
I sas - ZVILRYBODYS BMX= r

"VVEZYBODY'S BUSINESS!"
WiIAT IR "EVILTBODTS 1111812111181"

O
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"
mounted.

W 3 Z K.

CHRISTMAS

NUMBER.

Pries ski—llletty Pages, with Dasterous Mustraticais ;
Wgappr tastatally paistod In Colima,
THE CHIT NUMBER of " ONCE A
AIM"
Brune*, Ern, and Co., 11, Bouvelratrest,