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

ESTABLISHED 1837.

LIFE ASSURANCE
COMPANY.
Empowered by special Act of Parliament 4 Vitt., cap. 9.

BRITANNIA

1, Princes-street, Bank, London.

Every description of Life Assurance business transacted
at the lowest rates of Pre , ium consistent with security.
The 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—treet, Liverpool; 20 and 21, Poultry,
7, Cornhill, and 56, Charing-cross, London.
(Empowered Specially by Parliament.)
INVESTED FUNDS EXCEED £3,000,000 STERLING.
By an Act of the last Session of Parliament, the Globe
Insurance Company of London was amalgamated. as from the
29th September, 1862, 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 LIVERPOOL
AND LONDON AND GLOB e; INSURANCE COMPANY.
'the CAPITAL of the Company is Two Millions, of which
£390,009 is paid up and invested ; and in addition there are
Reserve Funds, which, independently of the Life 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, £215,000
The Phoenix „ 1782, 1/ 138,003
The Liverpool and 1836,
11 11 133,600
London and Globe j
whilst no other Company collected as much a 5...... 90,000
LIFE INSURANCE.--The Premiums received in 1863
were £209,5::0, and the Annuities paid amounted to £33,500.
The Fund accumulated to meet these Liabilities is Z 1,450,000.
The Liab lity of Proprietors is unlimited.
SWINTON BOULT, Secretary to the Company.
JOHN ATKINS, Resident ,Secretary.
September, 1864.

ATLANTIC AND GREAT WESTERN
RAILWAY COMPANY.
Offices-2, Old Broad-street, London, E.C.
ISSUE OF SECOND MORTGAGE BONDS,
(Ohio Division)
Payable in London.
4,000,000 Dollars. Due in 1883,
Coupons due Ist January and Ist July.
Secured by a Registered Mortgage on the Income and all
Corporate Rights, Privileges, 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. Od. per dollar. and are transferable without stamp
or endorsement ; Interest Coupons arc attached to the B
payable semi. annu 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 105., carrying Coupons due January 1, 1865.
The Coupons represent £l4 per annum on each Bond of
1,000 dollars, or 9A 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 rapidly as the different acetic:, s have teen
opened, an unexampled success. The whole line is now ful y
ready for business and thoroughly ballasted, but the demand
for rolling tv ock has been so far in excess of anticipation that
adequate pi ovision for it has not been made, and 200 miles of
the main line has remained shut up until now. Great eff r s
have been made to sm ply locomotives, carriages, and trucks.
The Company has built ex ensive works for their construc-
tion, and are now turning out one locomotive complete every
four days, and ten freight 01rs every day. In tuis way the
demand will, in reasonable time, be supplied.
As the entire through traffic to and from New York will
pass over the Erie Raila ay, it is but reasonable that that
Company. which will so largely be.nefit, should furnish a por-
tion of the rolling stock, and to meet this a treaty has been
made with the Erie Directors for the expenditure of five
million do lars in the construction of engines and cars The
entre amount is now under contr ict for rapid delivery, and
as received will be used exclusively for the through traffic
over the Atlantic and Great Western Railway, the latter
Company on its part agreeing to supply a similar quantity
for the same purpose.
Following the financial policy, adopted at the outset, of
issuing securities to the public 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 yeari, 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
30
1R

The Illichigan Central is ~
The Lake Shore, Cleveland, t ainsville, and Ash-
tabula
and it cannot be doubted that the Atlantic and Great We--
tern, possessing almost a monopoly of the petroleum traffic,
and passing over the extensive coal fields of Ohio, which are
of gt 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 -ila'amanca to Dayton 385 mires,
Branch to Cleveland 67 „
Franklin Branch and Buffalo Extension BO „

Total 532 ~
Oi this 322 miles have been successfully worked during the
summer; for the last three months the earnings having ex-
ceeded I,t Co,oco dollars, Es, 'mating the receipts on the
entire line to be only aq groat 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
eluding prevent Issue ..... ....... 966,560
Rent of Leased Lines
-1,266,560

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 (7i7,86) dollars being payable in London,
at the fixe 1 rate of 4s. per dollar, and the rate of 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 several divisions of the Atlantic and Great Western
Rai way 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 Atlantic and Great
Western Railway, joins the Direction of the Erie and other
lines forming the Throu2h Route between IVew 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 :
£ s. d.
5 per cent on application, being 11 5 0 per bond of 1000 doll.
10 „ on allotment „ 22 10 0 „ 91
15 „ 19th November „ 33 15 0 „
15 „ 19th December „ 33 15 0 „ tt
21 , 19th January „ 47 SCo less £7 Coupon due
Ist January --
£145 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-
trcet, London, E.C., or of
E. F. SATT ERTHWAITE, Broker,
38, Throgmorton-street, London, E.C.
London, Oct. 12, 1864.

ATLANTIC
ORM AND GREAT WEST
AT WESTE
lORNN. RAILWAY.
F OF
To be forwarded to the offices of the Company. No. 2, Old.
Broad-street, London, E.C., atter payment of the prelimi-
nary Deposit to the Bankers.
No.-
To the Atlantic and Great Western Railway Company.
Raving paid to the Consolidated Think (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