The Sun.
London, England, 1864-10-17 00:00:00

ESTABLISHED 1837.

ASSURANCE

LIFE
COM PANY.
Empowered by special Act of Parliament 4 Vict., cap. 0.

BRITANNIA

1, Princes-street, Bank, London.

Every description of Life Assurance business transacted
at the lowest rates of Premium consistent with security.
Tho various Tables, some of which are peculiar to this Com-
pany, have been studiously adapted to the requirements of
every class of Assurers

ANDREW FRANCIS, Secretary.

THE LIVERPOOL AND LONDON AND
GLOBE INSURANCE COMPANY.

Established 1836.

Offices-1, Dale-street, Liverpool ;20 and 21, Poultry,
7, Cornhill, and 56, Charing-cross, London.
(Empowered Specially by Parliament.)
[NVESTED FUNDS EXCEED £3,000,000 STERLING.

By an Act of the last Session of Parliament, the Globe
Insurance Comp any of London was amalgamated. as from the
29th September, 1562, with the Liverpool and London Com-
pany, and by a clause in the Act the name of the latter Com-
pany was subsequently changed to THE LIVERPOOI,
AND LONDON AND GLOB r: INSURANCE COMPANY.
The CAPITAL of the Company is Two Millions, of which
£390,000 is paid up and invested ; and in addition there are
Reserve Funds, which, independently of the Lite Reserve,
amount to £1,200,000,
FIRE INSURANCE,.—The Premiums in 1863 exceeded
£580,000, and were greater than those of any other Company
by upwards of £200,000. The position in the Duty Return
will be understood from the following statement:—
The Sun, established in 1710, collected duty in 1863, 4215,000
The Phcenix „ 1782, If 21 138,00,

The Liverpool and 1 1836,
London and Globe
whilst no other Company collected as much a 5...... 90,000
LIFE INSURANCE—The Premiums received in 1853
were £200,500, and the Annuities paid amounted to £33,500.
The Fund accumulated to meet these Liabilities is Z 1,450,800.
The Liab lily of Proprietors is unlimited.
SWINTON BOULT, Secretary to the Company.
JOHN ATKINS, Resident Secretary.
September, 1864.

133,C00

ATLANTIC AND GREAT WESTERN
RAILWAY COMPANY.

Offices-2, Old Broad-street, London, E.C.
ISSUE OF SECOND MORTGAGE BONDS,
(Ohio Division)
Payable in London.
4,000,C00 Dollars. Due in 1883,
Coupons due Ist January and Ist July.
Secured by a Registered Mortgage on the Income and all
Corporate Rights, Pi ivileges, Lands, Franchises, Plant, and
Property of the Ohio Division of the Railway.
The Bonds are redeemable at par in New York, or in Lon-
don at 4s. 6d. per dollar, and are transferable wi bout stamp
or endorsement ; Interest Coupons are attached to the B nd
payable semi-annual y, at the Cons lidated Bank in London,
at the fixed rate of 4s. to the dollar. The Bonds will be
issued at 66, at which rate Bonds of 1,000 dollars will cost
£l4B 10s., carrying Coupons due January 1, 1865.
The Coupons represent £l4 per annum on each Bond of
1,000 dollars, or 94 per cent interest on price of issue.
The immense development of the 'Western States of Ame-
rica, without any increase in the means of transit to the
Eastern ports, has given the At antic and Great Western
Railway, as rani-1y as the different sectio- s have been
opened, an unexampled success. The whole line is now ful y
ready for business and thoroughly ballasted, but the demand
for rolling sock has been so tar in excess of anticipation that
adequate provision for it has not been made, and 200 miles of
the main line has remained shut up until now. Great ff r s
have been made to sue ply locomotive., carriages, and trucks.
The Company has built extensive works for their construc-
tion, and are now turning out one locomotive complete every
four days, and ten freight cars every day. In tots way the
demand will. in reasonable time, be supplied.
As the entire through traffic to and from New York will
pass over the Erie Rail, ay, it is but reasonable that that
Company, which will so largely benefit, should furnish a por-
tion of the rolling stock, and to meet tire a treaty has been
made with the Erie Directors for the expenditure of five
million dolars in the construction of engines and cats The
entre amount is now under contract for rapid delivery, and
as received will be used exclusively for the through traffic
over the Atlantic and Great Western Railway, the later
Compa,y on its part agreeing to supply a similar quantity
for the same purpose.
Folio aim; the financial policy, adopted at the outset, of
issuing securities to the nubile only after so much of the line
was finished as would secure the necessary income for pro-
viding the interest, the Company feel justified, now that the
building of this great railway is complet d, in making this
additional issue of Bonds.
During the last ten year. no railroad of any magnitu le has
been built on the American Continent except the Atlantic
and Great Western, in which period the population and all
produce, agricultural and mineral, have largely increased;
hence results the pro perous state of most of the railroads,
whose net receipts have enabled large dividends to be paid
to the stockholders, after providing interest on indebtedness,
thus
The Clevelar d, Columbus, and Cincinnati Rail-
way divided last year
The Cincinnati, Hamilton, and Dayton
The Little Miami
The Michigan Central
The Lake Shore, Cleveland,l'ainsville, and Ash-
tabula
and it cannot ba doubted that the Atlantic and Great Wes-
tern, possesoing almost a monopoly of the petroleum traffic,
and passing over the extensive coal fields of Ohio, which are
of gi eater extent than even the large field, of Pennsylvania,
will show results at least equal, and most probably exceed-
ing some of those above named.
The whole system of this Railway, when in operation, will
onsist of—
The Main Line -Sa'amanca to Dayton 385 miles,
Branch to Cleveland 67 „
Franklin Branch and Buffalo Extension BO „

Total 532 „
Of this 322 miles hav,. been successfully worked during the
summer; for the last three months the earnings having ex-
ceeded 1,000,000 dollars. Es, imating the receipts on the
entire line to be only as great in proportion (and unques-
tionably they will be considerably larger), there would
accrue—
Dols.
A gross receipt of .
Deducting 50 per cent. working expenses

Leaving net gain... 3,373,708
Interest on total Bonded. Debt, in- Dols
chiding present Issue ..... ....... 966,560
Rent of Leased Lines
--1,266,660

Leaving surplus 2 107,418
This, under ordinary circumstances, would be applicable
to Dividend on Stock, but for the amount required to pay
interest on Bonds (717,86) dollars being payable in London,
at the fixe 1 rate of 4s. per dollar, and the rate or exchange
at present ruling exceptionally high), a portion of above
surplus would be absorbed in the premium for gold.
It is thus evident that the resources of the road will be far
more than equal to meet the charge for interest, even should
the rate of exchange rule much higher than at present.
The aeveral divisions of the Atlantic and Great Western
Railway have been consolidated under the government of
James Robb, Esq., whose reput tion as a Banker and Rail-
way Administrator is established in Europe as we 1 as in
America. Mr. Robb. as President of the Atlantio and Great
Western Railway, joins the Direction of the Erie and other
lines fbrming the Throu.!h Route between New York and St.
Louis, so as to secure unity of action.
The price of issue has been fixed at CO.
The terms of issue are as follows :

L s. d.
5 per cent on application, being 11 5 0 per bond of 1000 dole.
10 „ on allotment „ 22 10 0 f 1 1 t
15 „ 19th November „ 33 15 0 „ 11
15 „ 19th December „ 33 15 0 ~ , 1
21 „ 19th January „ 47 5 0 less £7 Coupon due
Ist January ---

£14,5 10 0

Subscribers have the option of paying the instalments in
advance, and will be allowed a discount of 9 per cent per an-
num on such pre-paymen s.
After allotment, Scrip Certificates will be issued to
" bearer." These Certificates will be exchanged for Bonds
to " bearer" on payment of the final instalment.
Forms of Application may be obtained at the Consolidated
Bank, or at the offices of the Company, No. 2, Old Broad-
treet, London, E.C., or of
E. F. SATTERTHWAITE, Broker,
38, Throgmorton-street, London, E.C.
London, Oct. 12, 1864.

ATLANTIC AND GREAT WESTERN RAILWAY.
FORM OF APPLICATION.
To be forwarded to the offices of the Company, No. 2, Old
Broad-street, London, E.C., after payment of the prelimi-
nary Deposit to the Bankers.
No.-
To the Atlantic and Great Western Railway Company.
Having paid to the Consolidated Bulk (Limited) the sum
of , I hereby request that you will allot
me dole. Second Mortgage Bonds of the Atlantic
and Great Western Railway (Ohio Division), and I hereby
agree to accept such Bonds, or any less number that may be
alloted to me.
I am, your obedient servant,
Signature
Address in full • ..

Date

SHORTHAND.-PITMAN'S PHONOGRA.
PHI) MANUAL. Free by post, ls. 6d.

:an exceedingly efficient -
tern of Shorthand that exists."—Sir
4PITM
HOR THAN AN'S PHONO-
probably
the AfGosßTAePffiliciYentfo-rsmy
Rowland HU

MICROSCOPE and TELESCOPE combined,
just introduced, both of wonderful power, in Case, 255.
POLKET TELESCOPES, define 5 allies, 108. 6d. ; 10 Miles,
215.; Ditto, and for Astronomy, 40s. MICROSCOPES in
made with sling cases,
Cabinets, 3 Powers, 10$. 6d., magnifies 15,000 times; Ditto,
magnifying 36,000, 215., with Animalculm Cage, Life Box, Sze.
Lame Compoopd Achromatic Ditto, power 65,000, 84s.
Glasses,Eu sT
it_tox.T4ohse. mvoisitcw s .powerfulrap: Race 43
MAGIC LAN TERNS mid
Apparatus complete, 70s.
DISSOLVING
VlE`FS.—►latlo Lanterns and 36 Pictures, 7s. Cd. ;
stamps. Post Orders
ON-ROAD, LONDON.
pay-
able Upper Baker-street.
Descriptive Lamer Si ze, l Os.
Catalogues6d .
for two Dissolving
BERNARD DAVIS,
Optician to the Institutions.

PECTACLE S.—Lenses ground on a new
LI principle, requiring less than half the usual masnifying
power, and with which the smallest print may be read to ex-
treme old age,
(From the "Medical Circular," N0v.16, 1859.)
"We have seen Mr. Davis's improved spectacles, and by
their aid the most defective vision may be improved."
Steel Frames and Pebbles, 10s. 6d. and 7s. 6d. Glasses,
55. Gd., 4s, 6(;1,, 38. G.. Country residents suited by stating
age.