The Sun.
London, England, 1865-12-09 00:00:00

I Total.

Freight. 1864. I 1865.

Dollars.
111,751
109,718
113,412
117,691
135,434
163,733
162,655
213,469
210,914
207,861

Dollars. I Dollars.
249,379 1207,298
277,930 229,041
336,403 226,733
288,989 197,267
324,988 214,679
350,289 314,521
432,868 ' 332,098
525,059 406.076
466,711.1 446,044
512,050 1396,847

Dollars.
361,130
387,648
449,815 -
406,680
460,442
514,022
595,523
738,528
677,625
719,911

This table includes the traffic of 33 miles of the Oil
Creek Railway, which was constructed by and has
hitherto been worked by the Atlantic and Great Western
Railway Company, but does not form part of the consoli-
dation.
The actual result, therefore, is a gross receipt at the
rate of upwards of £1,000,000 a year at the present ex-
change, with 100 miles still to open, and a large increase
of traffic only waiting for a further supply of rolling
stock.

This large traffic 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 between the Western States of America
and 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 lino
of communication by which the enormous goods and pas-
senger traffic centring in the Western cities of Cincinnati,
Cleveland, Chicago, and St. Louis, can arrive at New
York and the sea-board.
2. The local traffic is equally enormous, owing to its
traYersing the newly-discovered oil districts of Pennsyl-
N'onia, and the great coal-fields of Northern Ohio. Some
Flea of the local traffic thus waiting for development may
be formed from the single fact that this oil district now
Yields at the rate of 3,000,000 barrels per annum, for the
conveyance of which as much as 3d. to 4d. por ton per
wile is willingly paid.
A Consolidation of the several Divisions of the Atlantic
and Great Western Railway under one executive has been
made, and a mortgage for 30 million dollars, or 6 millions
sterling of bonds has been created, and also a capital of 30
ruillion dollars of shares of 50 dollars each, based on the
Whole property of the Company. The new shares will
supersede those previously issued, with the exception of
1,919,000 dollars of Preference Shares pledged as part of
the security for the Certificates of Debenture issued in
November, 1864, which will, therefore, remain Preferential
Until those Certificates are paid off, when the whole be-
come ordinary share capital. Provision is made in the
mortgage deed (under which the Consolidated Mortgage
Goads are issued) for securing the rights of the existing
Mortgage Bonds, and also for their exchange at maturity,
or earlier, by consent of the holder, if authorised by the
toard of Control ; this being completed, the present Con-
solidated Mortgage will become the first mortgage over the
Whole railway, with its branches, extensions, and equip-
ments.
The Consolidated Capital will therefore consist of
1b60000,000 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
,3terling, after paying all working expenses, it is calculated
by 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
°I dividend will be paid on the $30,000,000 of Share
Capital.
Coupons
Consolidated Bonds have 25 years to run, with
"/Pons,"lor interest at 7 per cent. per annum, payable
Quarterly,
free of income tax, at the Company's Offices, in
Landon or New York, in gold. Interest is payable on 15th
panuary, 15th April, 15th July, and 15th October of each
ear

It is proposed to appropriate the total authorised issue
et 830,000,000, or £6,000,000 sterling Consolidated Mort-
gage Bonds, as follows :
1. A reerve of 16,142,000 will be laced witrustees
to meet, either $ by conversion or paympent when due, the
?,Xisting divisional Mortgage Bonds, being the total amount
that has been issued, or authorised to be issued, as certi-
tied byMessrs. Coleman, Turquand, Youngs, and Co., after
lie examination of the Company's books and registrars, or
equal to £3,228,400. This includes all Bonds issued to the
13111,1ic and also the Bonds deposited with Trustees for
the Certificates of Debentures issued in November, 1864,
e security of which remains unaffected by the present
"traugements.
2. The balance, viz. :—L2,771,600 is offered for public
nbscription, at the price of £BO per £lOO Bond, including
140 Coupon due January 15, 1866, payable as follows :
£5 per £lOO Bond on application ;
10 „ „ on allotment ;
25 „ „ on 15th January, 1866, less coupon
£1 15s. due on that date ;
20 ~ „ on 15th February, 1866 ;
20 ~ ~ on 15th March, 1866 ;
1410 wing for the January Coupon, the nett price of each
.

,_4lOO Bond will be £7B 55., or allowing for discount on pre-
v43lnents under.£7B.
4.gubscribers will have the option of paying in full, under
flaeotint, at the rate of 7 per cent. per annum ; but, in de-
::ah of due payment of the respective instalments, all pre-
t;lsllB payments will be liable to forfeiture. The defini-
f`te bonds being now read will be delivered, in exchange
for scrip, as soon as it is fully paid up.
'opies of the law authorising the consolidation of the
horteral divisions and branches of the
consolidated mortgage
(4414, and of other documents relating to the present issue
Boli
"cito n,are deposited for inspection at the offices of the
att4„PPlications must be addressed either to the Secretary,
vitae offices of the Company, 5, Westminster Chambers,
t.,lte'ria-street, Westminster, S.W., to the Bankers of the
1,;; Ns oyf "Pan,
Application can be or to the Brokers,
obtained from whom Prospectuses and
tio d
a on Dec 2 Ar-.J 15
r , • •
ANTIO ANDB6 GREAT WESTERN RAILWAY.

THE COLONIAL COMPANY (Limited).
Incorporated under the Companies Act, 1862.
(Capital, £2,000,000, in 40,000 Shares of £5O each.)
Deposit on Application £1 per Share, and £4 on Allotment.
Further Calls will not exceed £5 per Share each, and it is
estimated that not more than £2O per Share will be called
up during the first two years, and not more than £25
per Share in all.

DESTROYER,ALELos,s 2D441L1-liiilhowyliroelmboorcs,
LRondon
without Meet to the skin, superfluous hair from the face,
neck, and arms. 3s. 6d., ss. od.. and 10s. 6d. ; sent the same
day as ordered by post tor 61, 84, and 144 stamps.

Lately published, Id., sent free by post for two stamps,
AN ESSAY upon the HUMAN HAIR : Its
Close Analogy to Vegetation, and its Reproduction by
the Stimulant Spanish Fly or Cantharides.—By
ROSS, 248, High Holborn. London.

PThIPLE REMOVER.—AII diseases of the skin
are Improved by one dose of ALEX. ROSS'S VEGE-
TABLE SKIN PILL. They remove redness, sallowness,
&c. 2s. 95. and 7s. 6d. ; or by post for 40 and 100 stamps.—
ALEX. ROSS, 248, High Holborn, London.