The Sun.
London, England, 1864-11-28 00:00:00

T"E IMPRRI `:-11, MERCANTILE CREDIT
Ak;BOCIATION (Limited).
Are authorised to receive applications for £2,800,000
of Debenture of rLANTICC ANDertificates GREAT WESTERN R ,‘ILWAY
(New York—Pennsylvania—Ohio).
Ono 11Iillion Two Of which
IQfl Two Hundred Thousand Pounds
have been already applied for.
rlhese Certificates will be issued at £9O for £lOO, to be
_!enied at par, £lOO sterling, at the end of three years,
wan Interest at 8 per cent. per annum, payable half-yearly,
Or' the 15th of May and 15th of November in each y, the
Nye:Lent of the In in London being guaranteede ar
by
CONSOLIDATED BANK (LIMITED),
LONDON.
TRUSTEES.
Samuel Gurney, Esq., M.P.
John P. Kennard, Esq.
Charles Mozley, Esq.
The Consolidated Bank, Lon BANKERSdon and Manchester.
Messrs A. Heywood, Sons, and Co., Liverpool.
Id SOLICITORS.essrs preshfields and Newman, Bank-buildings, Lon-
don, E. c.

BROKERS.
Messrs lush Hutchinson and Son, 15, Angel-court;
End „. °Morton-street, London, E.C.
, Satterthwaite, &a 33 Thromraorton-street, Lon•
lion L.C... f f 0
pool.e„ '-'
T. Tinley and Sons, 44, Brlwnia-buildiniss, Liver-
Pool.
A 1...
---"1.8* Shoro and Kirk, 14, St. Ann's-squaro, Man-
thester,

The r ---
q , Imperial Mercantile Credit Association (Limited),
orf,rrePared to receive Subscriptions for tho above amount
beet,ertißeates of Debentures, of which £1,200,000 have
Tlineteady applied for.
follovvi tlantic and Great Western Railway consists of:the
The -‘,.n.f-; Divisions and Branches :
Attall Line in New York
st ~ in Pennsylvania •
in Ohio

.. 50 Miles,

.. 245

385
in New York (Buffalo) • • " 45 "
to Oil Creek in Pennsylvania .. 35 ~
to (oal
Regions in Ohio (New
Lisbon) • •
O Cleveland • -

.. 67

- 161

Also Total 552 Mlles.
system the Erie and Niagara Railway, belonging to same
at ellai 30 miles in length, is wholly in Canada, and secures
erolous coal traffic over 200 miles of the Atlantic and
Los, ealE,./Yestern, by.whom it has been constructed, and is
The owned.
withe roam of this Great Railway, connecting New York
allon_St• Louis, a distance of 1,200 miles (without
litte,?.'„ of carriages or break of gauge) passes through
Lee .tiiatates, far removed from the scene of war. t The
Vihi4t now completed, and in possession of a ra
September
last t, raey fairly be called extraordinary. For
exch"e gross earnings on 3Z2 miles open were, at ordinary
thalgo, at the rate of £1,100,000 per annum (exclusive
7,311 Us of 10 per cent, paid by the Erie Railway on all
aerni-g' traffic, which will probably reach £lOO,OOO per
eeize,,,el additional), the earnings having increased since the
pthaeyrßellscierat of the year by 100 per cent. This, even at
exchange, would leave a large surplus, after
Delve e'L cf the interest in gold on the bonded debt. The
tats: to increase the fares will of course bs exercised, if the
The exceptional rates of exchange should continue.
ielitae total bonded debt over the whole system of the At.
the at d Great Western Railway is £3,600,110, and with
taaji!eePtion of proceeds of bonds Z 1,765,070, held by the
ca.l;ille line has been cone' acted with funds advanced
been-tP'taliara, whose anticipations of profitable results have
13ari4r 'gore than realised ; the railway, although only
e 44,," '37 develoed, exhibiting returns of traffic and re-
ex Which may without examgeration be designated un-
-4relileawl °
sat, 4._ u this undertaking was projected, it was found necteste-
thtol;",obtain powers for its construction from each Sa
ortetp which it would pass. This compelled independent
tett,,,_,A.ations and separate financial arrangements; the in-
it isvr,ience attending which has become so manifest, that
klitaie'et.reined to consolidate the whole line under one ad-
bleatetterli Pending the completion of legislative. enact;
bebp, It has been resolved to issue Sterling Certificates o
Der ;,11,41re, payable in three years, bearing interest at 8
tot 'qt. Per annum, which interest is guaranteed by the
aiitt:l°,llda:.ed Bank ; and the Principal secured by a deposit
elel," e Trustees of Bonds and Shares amounting at usual
l'grelge to £4,230,493.
,s - Of a_nds and Shares so deposited will be kept at the
ort,, -ungland in the names of the Trustees, and the
ee e( Declaration' of Trust to ba executed by them may
tae,4Pected at the office of Messrs. Freahficlds and New-
est Erie Railway, of which the Atlantic and Great
e seal is Practically an extension, upon a mileage of about
bales e extent, but constructed at a cost nearly three
13ey t,.: great, has earned in the present year sufficient
.n?t
'elad(jf P,?3? interest on all its bonded debt, but also
Groat „,!,o Per cent. on ordinary stock. The Atlantic and
it et, western Railway, in addition to its thrnigb. traffic
Petrelittneo With the Erie, has almost a monopoly of the
ottertraffic in Pennsylvania, with vast coal fields, Emd
ectiettitePortant sources of local revenue. The costto! ites
debt
elletion having been so much less, and its mdortrc,sathzc
lea:tlisequently so much smaller, with an assaurrse
nielltielqqal, it is estimated that in ho three years, during
vrtneir,,,,eoriel certificates of debenture run, the payment of the
be rovided for out of revenue alon.e. t _
-ulrecto provided
th Erie Company have manifes edthe
t
ester in which
theye
hold the Atlantic and Great
ttatBrterri tha opinion they entertain of its
tilel Prospect aYby, contracting to supply for its use,
aterllriell expense, rolling stock to the extontof one million
st Ne Atlantic and Great Western Railway has been c).n-
elliaerl by Thomas W. Kennard, C.E. as engineerf-itann-
,tlPeriZld under the immediate superintendence
Ao
re_
Port (need agent of Messrs Peso and Betts.
hoto rota S r S. Morton Peto, Bart., M.P., is an-
i Showing that th works have been executed
a the a
et,,,a most
.substantial manner. Appended are some
We.."usties, derived from official retutns, relating to the in-
qjitse in the carriage eastwards of predate (luring the past
,e, years from some of the chief cities of the West with
which traffic the Atlantic anti lneat Tr - • 4av Is
:araz,otclll
ectly eennec:ed ; from these figures the causes of its
`Xtraordinai y revenue may be deduced.
adrie Certificates of Debenture are in sums Of.XlOO, £5OO,
1,000 each; with Coupons attached for interest at 8
fct4. cent. per annum, payable half-yearly. The interest
he Whole term will be guaranteed by the Consolidated
17,k`ci with whom securities have been lodged.
are "e Price of issue is fixed at 90; and the instalments
Payable as follows :
it Per cent, on application.
allotment.
15 ~ 17th January, 1865.
15 37th February, ~
17 ~ 17th March,
18 17th April,
15th May

less coupon £4 per cent.
. due Ott that day.

ber p Certificates will be paid off at par, on sth Nevem-
aj-, 1867. -
ni.:e interest on the investment, including the redemption_
interests upwards of 12 per cont. per annum, exclusive of
o.n deferred instalments.
twicribers have the option of paying any or. all of the
per~dsat yenta in advance, and will be allowed a discount of 8
Ast,,,,u per annum on such payments.
r allotttent, scrip will be issued to "bearer." On
for petit of the final instalment, the scrip will be exchanged
tothlertificates of debenture, with guarantc ad interest
eturle attached payable 15th May and 15th Novemb3r in
Year,

9, Great George-street, Westminster,
November 4, 1861,

'SA
- tEL GURNEY, Esq., M.P.
p-(.1,'". P. KENNARD, Esq., and 1 Tfu.stees.
-,-ARLES MOZLEY,Esq.
Y.M.are aware that at the request of the
,zurnishing the funds for the cmstruction of
tooulte 4thtlantic and Great Western Railway, my Firm unde_r-s
th e grave responsibility of the supervision of the. Wel
05t045 Line, to be executed uuder a contract with r
titY, and from the plans and designs of Mr Thomas
Nfentlard, the engineer-in-chief of the Railway
its
ore n,
works were commenced, my Firm sent one of
elee4l:t4" experienced agents, who had superintended the
t„,1111)16,1°4 of several large works, and who had been in its
s'gare upwards of thirty years, and entrusted to his
1511 he ,`" Eupervision of the various works to be executed
It .1 -"Ailway,
aid tOBNItte both to Mr. Kennard, the Engineer-in-Chief,
been ,v,lr• McHenry, ©
Contractor, that I should state,
"eett a at the position we occupied, which might hay,.
talteti 11 invidious one, has not in the slightest degree par-
lk,l4 halt character. Every recommendation of our
7ttleh been at once cheerfully carried out, and Mr.
14,'earr-„r37 has executed his contract with an honest desire.
,•,he out every engagement in a fair and liberal spirit.
Loth 'lle has b d and laid in a style fully equal
obe een a e
1,0100,1' of our English railways, while the extremely
„„-Ve nature of the country through which it passes
'ela4l,-„"ered necessary so few works of art, that its main-
° need rot exceed the average cost per mile of our
yt"tett- at home. The stations throughout are of p
amle
-tquir, and the siding accommodation fully equal to the
It ,eznetits of the traffic.
kalriee be very satisfactory to you to find that the En-
larese al-chief states in his last report that the traffic at the
Ittie etae is sufficient to pay, at the then prie3 of gol;c1,
7,,ltlehd on all the Consolidated Bonds of the entire
'hu,Sorialt,eling them not to be issued to a greater extent than
t"tieEkly,ne,:T. (six thousand five hundred pounds sterling) per
L 44) Estimates and predictions are so often falsi-
, toe present
fact becomes peculiarly valuable, the more so
`tlhal Present time the Rolling Stock is not more than
4011' to the r •
th ing equirements c..f the local traffic.; and when the
e Company
to be provided under:: the agreem.ent with
‘-olnpany is placed on the line, these increased
;"eeditin,a~iliti'"a,, gnnot fail to produce an amount of traffic far ex-
() it, ° the estimates which have been prepared in regard
I an)
dear sirs, for Betts and self, yours faithfully,
S. MORTON PETO.

tile Ce Produce from Wet to East dur-
- Past Five arria
Yegarsof derived from Official Return!.

CHICAGO.
Fat Cattle. Pigs.
1E3;9
.. Total Grain.
18g,
....... 16,751,138 balils. ..
-'
..
1') 500 ..
212107:F64411
184
......... 31,103,759 „ • • 1 92,000
n 00)
.. 289,094
18 ...... 50,453!,8,4 ~ • • ", 4ql 135
liL
......... 56,187,110 •, .. 107,‘'66 86. 2',200
....... 51,711,639 .. 197,311 ..

MILWAUKEE.

Total Grain.
181859 ... 6 550,896 1 shls.
18660 ............ 9,993,0 0 ~
1861 ............. 167 tO,'B°
182 ............ 18'732,389
,13 ............. 16,992,335

Pork, B ef,
Lard and Tallow.
.. 10,206,400 lbs.
.. 11,0 c,8,(100 „
.. 11.68",103 „
.. 30,553,, OS „
.. 41,6)9,553 „

TOLEDO.

1860 Flour. Wheat.
1861 •"• 8' 3,700 brls. 5,013,331 bshls.
. 1802
...... 1,372,111 „ 6,2q6,936
••.1,585,325 " 9,827,629 „
BUFFALO.

Cattle, Pig,
and Sheep.
209,6 8
281,495
481,804

Cattle, Pigs,
1830 . Total Grain. and Sheep.
1861 ....... 37,089,461 bshls. 14,040,303 lbs.
1882."'".. fi1,469,601 ~ 25,999,823 „
1863 .' ' ..... 72,872,454 „ 107,120,461 „
As resp; ..... 64,735,570 ~ 149,428,894 „
1., iteat.B PETROLEUM, in the carriage of which this
etrol llway has principally the monopoly
eura
Produced in 1F,59 750 bbls. of 40 gallons
~ 1860 .. 50,004 ~ ~
„
i 861 .. 550,000 ~ ~
Th" „ 1862 .. 2,000,000 „ ~
it., —b
.6ns„. 1863 .. 2,220,000 „
"4`ival,l:eland Branch of the Atlantic and Great Western
"9 D'gaged to the full e4tent of its capacity ih the

N°. 22,599.

carriage of Iron, the Ore from the mines of Lake Superior,
and in shipping Coals in return vessels. These Dline3 pro-
duzed, in

Iron Ore. Coprer.
IMO 65,679 tons. 6,041 tons.
1863 280,000 „ 10,C00 „
TRADE OF CINCINNATI.—SOMC idea 4 f the enormous
growth of trade at the West may be formed from the follow-
ing statement of the va,ue of the Imports and Exports of
leading staples at Cincinnati :
Dols.
Dols.
1838-59 160,220,954 1861-62 179,733,695
1859-60 180,384,404 1,62-63
1860-61 147,220,262 1863-61

ATLANTIC AND GREAT WESTERN RAILWAY.
NEW YORK-PENNSYLVANIA -OHIO.

No
FORM OF APPLICATION.
(To be retained by the Bankers.)
To the Imperial Mercantile Credit Association (Limited).
Having paid to the Consolidated Bank (Limited) the sum
of £ , I hereby request you will allot
me Certificates of Debenture of the Atlantic
and Great Western Railway, and I hereby agree to accept
such Certificates of Debenture, or any less number that may
be allotted to me, and to pay the instalments thereon, accord-
ing to the terms of the Prospectus.
I am, your obedient Servant,
Signature •
Address in full
Date