The Sun.
London, England, 1857-01-22 00:00:00

MM. von Roesller' Director of the Ducal Bank of Nassau.
Hergenhahn, Member of the Supreme Court of
Nassau.
~ C. Grossmann, Ducal Notary, Wiesbaden.
C. Kalk Sohn, Banker, Wiesbaden,
DIRECTORS IN ENGLAND.
l Di
Joseph Christopher Ewart, Esq,, M.P.
Origina
of the Wrectorsiesba
Theodore W. Rathboue, Esq, don company:
William Nicol, Esq.
Together with a Committee in Paris.
BANKERS.
Messrs. Glyn, Mills, and Co., London.
Messrs. J. J. Weller, Sons, Frankfort.
BROKERS.
Messrs. P. Cazenove and Co., Lothbury.
Messrs. Joshua Hutchinson and Son, Angel-court.
SECRETARY—W. W. Lander, Esq.
London Agency, IS, Cannon-street (E.C.).
The most important features in this undertaking are the
following :-
First—That twenty miles of the Railway are already open
for traffic, and eight more are nearly completed.
Second—That about two-thirds of the Company's capital
being provided by the Nassau Government in Four per
Cent, bonds, every one pound per cent. added to the net re-
milts of the traffic above four per cent, will add three per
cent, to the dividend payable on the share capital ; and
Third- That a dividend of at least seven ver cent, per an-
ima:l is thus secured to the shareholders during construction.
The Nassau Railways will continue the Frankfort and Wies-
baden and the Wiesbaden and Rudesheini Lines from Rudes-
beim to the frontier of Prussia, opposite Goblentz. As the
Cologne Railway already open to Bonn and Rola,ndsworth is
being rapidly completed to Coblentz, the line of railway com-
Inunication between Cologne and Frankfort will thus be com-
pleted by tho Nassau Company.
The annual traffic between these two points considerably
exceeds 1,000,000 passengers and 1,000,000 tons of goods.
The concession is for a term of eighty-four years: it in-
cludes a branch line up the Valley of the Lahn, which will
start from Lahnstein on the Rhine, and extend to the eastern
frontier of the Duchy of Nassau, there to meet the Prussian
line from Giessen. The Lahn district is rich in minerals, and
its existing trade is sufficient to supply a large and remunera-
tive traffic to the railway. _ _ _

The first eight miles of this branch have been nearly com-
pleted (from Lahnstoin to Ems) by the Nassau Government.
The Company is to take possession of these works, and to pay
4 per cent, on the sums expended by the Government, until
repayment.
The Nassau Railway Company becomes possessed of the line
from Wiesbaden to Rudesheim on the terms accepted by the
general meeting of the former Wisebaden Railway Company,
Viz., that those Shareholders of the Wiesbaden Company who
have not exercised the option of exchanging their old 61.
shares for an equivalent amount of Nassau 201. shares, will
receive interest at the rate of 4 per cent. during the construc-
tion of the works, and 5 per cent. after the opening of the
entire railway for traffic, but will not be entitled to any fur-
ther participation in the profits of the Company.
Shareholders in the Wiesbaden Company to the amount of
about 40,0001, have elected to exchange their shares for shares
in the Nassau Company.
The Nassau Railways will thus comprise 120 English miles
St railway, consisting of the following sections :
Miles.

1. The Lino from Wiesbaden to Rudesheim,
now open for traffic 2l
2. The Line from Rudesheim along the
Rhino, passing through Lahnstein to the
frontier of Prussia, opposite Coblents 40
3. The Line from Lahnstein to Ems, nearly
completed 8
4. The Line from Ems through the Valley
of the Lahn to the Prussian frontier
toward Giessen 5l

Total l2O miles.
Ix addition to the assistance afforded by the Guaranteed
Bonds, the Nassau Government has granted many important
advantages to the Company. For twenty-five years the
Railway is released from the payment of any taxes. All
lands belonging to the State, and required for the Railway,
are given gratuitously to the Company, together with the
b uildin g materials thereon. Stone, gravel, &c., from the
l'rverurnent quarries, are also placed at the disposal of the
"'Pan,' free of charge.
The Rhine Railway will be constructed, like the nudes-
helm section, with a single line of way, and with the earth-
Works, bridges, &c., ready for a second line, when require'.
'Lao Lahn way will have only one line of way, with the
requisite sidings.
The estimates of most competent engineers show a margin
'f uPwards of 120,0001., after fully providing for all that is
required for opening the 120 miles of railway for full traffic.
These estimates are confirmed by the tenders of able and
experienced contractors of undoubted solvency, and have
been, moreover, tested and proved by the cost of the works
already executed.
The official traffic tables show that, taking only the present
traffic in the Lahn Valley, and one-fourth of the traffic along
the: Rhine, the receipts of the Nassau Railway Company will
Ake, on this moderate estimate, to secure a dividend of 15
per cent. to the
capital being
Shareholders, in consequence of the larger
portion of the
Cluaranteed:Bonds at 4 per
eseunptp.lied in Nassau Government
250,000 passengers (bein
RUINE RAILWAY,
g eme-fourth the existin
traffic), at ld. per mile on 60g
250,000 tons of goods (being one f ............... £62,500
Ing traffic), at ltd, per mile ourth •of the exist-

................ 93,750

LAHN RAILWAY
Present traffic above .......... ...... •
.. .......

156,000

...
•• 90,000

Deduct working expenses, 50 per cent. at moat., T11,1i2

Interest on Bonds £lO,OOO 123'125
Sinking fund
To Wiesbaden Shareholders lO,OOO
15 per cent. on Nassau shares 400,000/ 60,000

117,500

surplus, after providing for all charges, and paying
15 per cent, to the Shareholders
Under the provisions of the law of concession of 16th Aug..
1856, the shareholders will receive during the construction
of the works a fixed interest of 4 per cent, per annum, in
addition to the surplus profits of the sections opened. The
offers of the contractors, which will bo submitted to the ap-
proval or rejection of the first general meeting this year,
wake up these receipts to a minimum total of 7 per cent .
Cuing the three years required for completing the railways.
The contractors' tenders are made binding on them by agree-
ment until let March next, up to which period the Directors
have reserved to the Company the right either to accept or
decline the same as may be found best for the interest of the
shareholders.
The Nassau Government has constantly and punctually
fulfilled its engagements, even during the most difficult
periods.
Its credit in Germany is first-rate, and, with the
knowledge of the present issue, its 4 per cent. stock is now
at 97. The 1.000,000,
,gr guaranteed 4 per Cent. Bonds, to the amount of
win be iss.ueLl .rted by the Government to the Company,
proceed ; but n Germany from time to time as the works
as these bonds have been taken into account in
the estimates at
holders the option9of, it has been decided to give the share-
They will be repaid king a portion of them at this price.
annual sinking fund t Par by the Nassau Government by an
The interest and extending over fifty years.
payable in London dividends on the bonds and shares will be
holders.
,
Paris, or Frankfort, at the option of the
The shares will be payable bearer after payment of the
first 10/. per share. The statt:
fthe Company. tes may be seen at the offices
shares, which must bo accompanied by a
Applications for
uaddressed to the brokers,
deposit of 21. per share, may be
and to the offices of the Com
Beloe, Esq., Bruuswick-street, Liver in London ; to H. C.
; to IVlessrs. J. J.
Weiner, Sons, Frankfort ; aud to theP/Z.°l
Rue Neuve des Petits Champs. A fuf,:triecy in Paris, 101,
Payment of 3/.
per share will be required upon allotmentr
Applications for bonds (at 90/.) will be reocfeived from par-
ties applying for shares, in the proportion
mid for
ygoniolheposit of
every two shares, and must be accompanied b
. will
il
be
101. for every 1001. applied for. The remainin
will be
payable by instalments of 10/. Bond certificat
issued for the instalments, and the bonds themselvmeesse
given in exchange for the last payment. In the antime,
bonds to the amount of the moneys Ipaid will be deposi
With trustees. deposited