The Sun.
London, England, 1865-12-04 00:00:00

holder's'option.

BOARD OP CONTROL IN LONDON.
Sir S. Morton Peto, Rart., M.P., Chairman.
S. Goodson, Esq., M.P., Chairman Great Easternßailway,
London.

W.Tenton, Esq., Deputy Chairman Great Western
Railway, London.
C. J. Kennard, En., Director of Consolidated Bank,
""Limiltd, London.
Lewin B. Mozley, Esq., Barned's Banking Company,
Limited, Liverpool.
Joseph Robinson, Esq., Deputy Chairman Ebbw Vale
Company, Limited, London.

BANKERS,

Tho Consolidated Bank (Limited), London, Manchester,
and Norwich.
The National Bank, London, and Branches in Ireland.
Messrs. A. Heywood, Sons, and Co., Liverpool.
The Bank of Scotland, Edinburgh, and Branches.

SOLICITORS.
Messrs. Freshfields and Newman, Bank-buildings,
London, E.C.
BROKERS.
_

Messrs. Joshua Hutchinson and Son, Angel-court,
London, E.C.
Messrs. E. F. Sattorthwaite and Co., 38, Throgmorton-
street, London, E.C.
Messrs. Laurence, Son, and Pearce, 7, Angel-court,
London, E.C.

The Report of J. S. Forbes, Esq., well known to the
British Railway public as Vice-President of the Dutch-
Rhenish Railway and General Manager of the London,
Chatham, and Dover Railway, contains full information
derived from personal ins ction of the position and pros-
Poqs of the Atlantic and Great Western Railway, from
Which it appears-
-1110 Atlantic and Great Western Railway system com-
prises—

507 miles now in work, including 17 miles recently
opened.
100 miles in course of construction.

Total, 607
of which 526 miles belong to the Company; and 81 miles
are leased for 99 years, at a low rent ($273,072 a year).
Though not yet fully completed, the traffic already equals
that of many of the best American lines.
During the first six months of 1865 the receipts upon
the 322 miles then open were $2,579,737, equal at the
present • rate- of exchange to s7in the £, to £368,533.
Since July 490 miles have been opened, and the receipts
have been $2,011,676, equal to £287,382, for three months,
or at the rate of £1,149,528 per annum. The subjoined
Monthly traffic return shows the steady increase of
traffic.

Total.
Miles Passengers -.,
1865. . reight.l 1864. 1865.
i
open. Mails, &c.
Dollars. Dollars.' Dollars. Dollars.
January....! 322 111,751 249,379 207,298 361,130
~,
el?ruary 109718 277,930 229,041 387,648
larch.... ~
113,412 336,403 226,733 449,815
Apri1.......
... „ 117,691 288,989 197,267 406,680
'nay ... 135,434 324,988 214,679 460,442
.... „
June ..... 322 163,733 350,289 314,521 514,022
....
Ju1y....... . 490 . 162,655 432,868 332,098 1 595,523
August
~ 213,469 525,059 I 406.076 738,528
September. „ 210,914 466,711 1446,044 677,625
°ctober , 207,861 512,050 ; 396,817 719,911

This table includes the traffic of 33 miles of the Oil
'reek Railway, -which was constructed by and has
,hitherto been worked, by the Atlantic and Great Western
tilvvay Company, but does not form part of the consoli-
mation.
The actual result, therefore, is a gross receipt at the
rate of upwards of £1,000,000 a year at the present ex-
°tango, with 100 miles still to open, and a lare increase
()! traffic only waiting for a further supplyg of rolling
stock.

1. Tishe Atlantic large traffic is owinGreat
two causes :
and Western line forms the
central link of the greatest line of through traffic in the
Warld, viz. that between the Western States of America
,„
the Atlantic. From its shorter distance, and advan-
tage of forming part of an unbroken line of 1,200 miles on
a uniform six-feet gauge, it must always be the best line
°,„.1 communication by which the enormous goods and pas-
7,,nger trac centring in the Western cites of Cincinnaeland,ffi Chicago, and St. Louis, cans arrive at Neti,
York and the sea-board.
2. The local traffic is equally enormous, owing to its
raversing the newly-discovered oil districts of Pennsyl-
,;anis, and the great coal-fields of Northern Ohio. Some
Idea
of the local traffic thus waiting for development may
formed from the single fact that this oil district now
Yields at the rate of 3,000,000 barrels per annum, for the
Zaa'y
s'Oance of which as much as 3d. to 4d. per ton per
le is willingly paid.
Consolidation of the several Divisions of the Atlantic
and Great Western Railway, under one executive has been
7,,ad?, and a mortgage for 30 million dollars, or 6 millions
1,711,1ng.-- of bonds has been created, and also a capital of 30
-"on dollars of shares of 50 dollars each, based on the
'whole property of the Company. The new shares will
InPersede those previously issued, with the exception of
e 913,000 dollars of Preference Shares pledged as part of
security for the Certificates of Debenture issued in
November, 1864, which-will, therefore, remain Preferential
"'nil those Certificates are paid off, when the whole be-
Zule ordinary share capital. Provision is made in the
Bonds
re
deed (under which the Consolidated Mortgage
Wnds are issued) for securing the rights of the existing
artgage Bonds, and also for their exchange at maturity,
Zr earlier, by consent of the holder, if authorised by the
Board of Control ; this being completed, the present Con-
iliidated Mortgage will become the first mortgage over the
ole railway, with its branches, extensions, and equip-
ments.,,,,The Consolidated Capital will therefore consist of
00,000,000, half in Shares and half in Mortgage Bonds,
tvhich provides for the completion of the entire line.
To meet the interest on these Bonds at 7 per cent. in
!it.erling, after paying all working expenses, it is calculated
°Y Mr. Forbes that a gross annual receipt of $6,442,000
'would be sufficient, which' is considerably less than the
annual receipt, and $3,573,000 less than Mr. Forbes's esti-
mate of the annual receipt when the additional 100 miles
are opened, so that the security for the Bonds is ample,
and there is every prospect that, in addition, a high rate
dividend will be paid on the $30,000,000 of Share
Capital..
The Consolidated Bonds have 25 years to run, with
,°_111)0ns for interest at 7 per cent. per annum, payable
it,tlarerly, free of income tax, at the Company's Offices, in
jauaclon or New York, in gold. Interest is on 15th
417 15th April, 15th July, and 15th October of each
Year. '
It is
of 0 proposed to appropriate the total authorised issue
gageB3 100,000, or £6,000,000 sterling Consolidated Mort-
I rads, as follows :
to m— reserve of $16,142,000 will be placed with trustees
exit.3ct, either by conversion or payment when due, the
%Zing' divisional Mortgage Bonds, being the total amount
Red ,Ilas been issued, or authorised to be issued, as certi-
Oee L'Yllessrs. Coleman, Turquand, Youngs, and Co., after
eq„,,e,xamination of the Company's books and registrars, or
NO to £3,228,400. This includes all Bonds issued to the
the`e, and also the Bonds deposited with Trustees for
the Certificates of Debentures issued in November, 1864,
nrrusecurity of which remains unaffected by the present
2lonienta.
Stib,'. he balance, viz.:—£2,771,600 is offered for public
the
--"Ption, at the price of £BO per £lOO Bond, including
0. °upon due January 15, 1866, payable as follows:-
10 Per £lOO Bond on application ;
25 » „ on allotment;
77 ~ on 15th January, 1866, less coupon.
20 £llss. due on that date ;
20 17 71 on 15th February, 1866 ;
alio,„. 21 , on 15th March, 1866 ;
.£loo,lg for the January Coupon, the nett price of each
Dayini")°lld will be £7B 55., or allowing for discount on pre-
3.,.ients under £7B.
dis:,°Bclibers will have the option of paying in full, under
faller, at the rate of 7 per cent. per annum ; but, in de-
N'iee,a due payment of the respective instalments, all pre-
ttive I:iiarnen.ts will be liable to forfeiture. The defini-
or IN, us being now ready will be delivered, in exchange
O,;P, as soon as it is fully paid up.
tovsales.of the law authorising the consolidation of the
of divisions and branches of the Company, and deeds
of
or mortgage, of the form of consolidated mortgage
of bo' and, of other documents relating to the present issue
lolielltgors, are deposited for inspection at the offices of the
8'
Vt LionsPWlea
lie offl_ must be addressed either to the Secretary,
(„lotoria.._7B of the Company, 5, Westminster Chambers,
'lreet, Westminster, S.W., to the Bankers of the
corms 03,', or to the Brokers, from whom Prospectuses and
toecto'n-APplication can be obtained.
Dee. 2, 1865.
ATLANTIC AND GREAT WESTERN RAILWAY.
FORM OF APPLICATION.
0 the (To beontrol, retained
Atlanti c and by the Bankers
Great Western
...... Railway Company.
retie4ving Paid
11,1 request that the sum of £ I hereby
, ortga.e ,oYou will allot me Consolidated
MOY'
of the Atlantic and Great Western Rail-
to hereby agree to accept such Consolidated
s, or any less number that may be allotted
g to the ternm of the Prospectus.
I:am, your obedient servant,
Signature
Address in full
Date ........ min 0000000000000

NO MORE PILLS OR ANY OTHER MEDICINE.
DU BARRY'S delicioushealth-restoring
and Infants' Food, THE REVALENTA ARABICA,
nourishment thre times as much assimilating and strengthening
as the best meat. and restores perfect digestion, strong nerves, sound lungs, healthy liver, refreshing sleep,
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We quote a few out of 62,000 Cures :—Cure No. 58,216, of
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wasting away, debility, nervousness, irritability, with a ner-
vous palpitation all over, bad digestion, constant sleepless-
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have derived much benefit frcm your excellent food.
Stuart de Decies, Dromana, Cappoquin, county Waterford.
Cure No. 54,816, from the Rev. James 'l'. Campbell, Syder-
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digestion. and particularly when the liver is riiore than.
usually affected, I consider it the best of all remedies. It re-
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the bile is one of its earliest and best symptoms. Toil can
gmeanktelemwehn, what
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ff ouse, Friinley, Surrey.--Thirty-three years' d sea sedlungs,
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the oars, constipation, debility,
shortness of breath, and
'('Ugh, have been removed by your Revalenta Arabica. My
yNaolq4u9a,iBult2.
-
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cs perfect,— am and I
I mo y b
erretcr
Timberis a
Of fifty years' indet•cribable agony from dyspepsia, nervous-
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maMerchant. r elto all
Cure m
sick-
ness, and vomiting.—Maria Joly, of Lynn, Norfolk. Cure
No .47,121.—Mi5s Elizabeth Jacobs, of extreme nervousness.
Indigestion, gatherings, low spirits, and nervous fancies.
Cure No 56,8i4.—Mr, Samuel Laxton,Leieester, of two years'
diarrrcea. The Food is sold in canisters.
fib., 2s 9d; 21b.,
4s 6d ; i 21b., 21e. ; 241 b., 40s. Super-refined quality. • lb-, 6s, ;
21b., 128 ; 51b., 22s ; tolb., 335. The 101 b., 21b., and 241 b.
canisters, carriage free on receipt of Post-Office Order, by
Barry Du Barry and Co., 77, Regent-street, London : also
Phillips. Tea Dealers, 8. King William-street ; likewise at
Ai, Grace. hurch-street ; 4, Cheapside, 49, Bishopsg,ate-street
Within; .50, and 298, Oxford-street; 330, Strand; 54,
Lipper Baker-street; at, Tottenham-court-road; 96, Upper-
street, Islington, N. Harvey, Notting-hill ; Close Brothers,
65, High-street ; and Stubbs, Queen's-terrace, St. John's-
wood, London ; and all respeztable Grocers and Chemists.—
Beware of spurious imitations.

THE RESCUE SOCIETY wishes to add another
home to ihn 12 now in operation. Last year no fewer
han 455 poor, friendless, young females were rejected from
want of FUNDS and room, making a total of 3,087, who have
been sent away in five years. Here are brief details of a few
of the most recent cases:

P. F., aged 16, fallen, mother dead, deserted by her father.
M. A. F., aged 13, homeless, both parents dead.
A. 8., aged 17, fallen, father dead, deserted by her mother
3. D., aged 15, fallen, mother dead.
C. 8., aged 15, fallen, mother dead,
A, 8., aged 16, fallen, both parents dead.
IL S., aged 14, homeless, deserted by her parents.
M. H., aged 17, fallen, both parents dead.
C. H., aged 17, fallen, both parents dead.
A. G., aged 18, fallen, father dead.
E. lc aged 18, fallen, both parents dead,
S. 8., aged 17, fallen, both parents dead.
M. A. W., aged 17, fallen, both parents dead.
S. D., aged 16, fallen, both parents dead.
The new home the Committee wish to form woald be for
young girls, almost childreo, from the age of 8 to 15, who
have been led astray from the path of virtue.
Contributions will be received gratefully by the Secretary,
Mr. Daniel Cooper, 85, Queen•street, Cheapside; or by Messrs
Barclay and Co., Lombard-street.

STARCH MANITFACTITRERS
TO IL R. IL THE PRINCESS OF WALES.
GLENFIELD PATENT STARCH,
Used in the Royal Laundry,

AND AWARDED TILE PRIZE MEDAL, 1862.
Sold by all Grocers, Chandlers, &c. &c.
WOTHEILSPOON and CO., Glasgow and London.

ALEXANDRA DINNER SERVICES,
For 12 Persons, £1 18s. 6d.
BREAKFAST and TEA SERVICES
in great variety, £1 Is.
J'T DEFRIES and SONS,
. 16 and 17. COMMERCIAL-STREET.