Daily Republican., 1881-07-02

CHICAGO and ATLANTIC
RAILWAY COMPANY
Issue of $6,500,0O0
six Per Cent.
FIRST MORTGAGE GOLD BONDS,
DUE 1920.
INTEREST MAY AND NOVEMBER.
COUPON BONDS IN DENOMINA-
TiONS OF $1,000, EACH WITH
REG RATION
PROVISIONS.
INTEREST MAY AND NOVEMBER.
T. X ST + f. !:
Tho Farmers Loan and Trust Company.
INTEREST sNuRED ny SPECIAL GUARANTEES
HEREUNDER DESCRiBsD

Tho line of the Chicago and Atlantic Rail.
road now in course of construction. has a
length Of 257 miles, extending nom Marion,
ohio, TO Chicago, entrance into and superior
terninal facilities ut Chicago. having been
already secured by contract with the Chicago
and Western lndiann Railroad Company
which contract is mortgaged 10 the bond
holders, together with all the property of the
Chicago and Atlantic Railway Company. In
GLIDING its full equipment This road is
being constructed AZ Il trunk line under the
supervision of hUGH J. JEWE1r, PRf.Sl
DENT NEW YORK, LAKE ERIE AN D
YVES TERN RAILROAD COMPANY, and
for the express purpose OF securing an in
dependent Western outlet to the Erie system.
which heretofore has been dependent for its
Western traffic upon the other lines running
into Chicago from the East. controlled by
rival corporations. The New York. Lake
Erie and Western Railroad reaches the Chi
cago and Atlantic Railway (which for its en-.
tire distance runs parallel with and about
IS miles south of the Pittsburg, Fort Wayne
and Chicago kailroai) over the New York.
Pennsylvania and Ohio Railroad from Sala.
inanca to Marion, and the three companies
have made = perpetual prorHtng contract,
while THE CONTROL OF the Chicago and
Atlantic Company has been secured for an
extended period blythe NEW YORK LAKE
ERIE AND WESTERN RAlI.ROA Com.
PANi. THE LATTER AGREES TO PRn.
VIDE ALL FUNDS TO COMPLETE TIL T.
AND ATLANTIC RAILWAY
required over and above the proceeds of the
present issue of bonds and the subscriptions
to its apital stock, and the Now York, Lake
Erie and Western Railroad Company FUR
Their GUARANTEES 10 THE TRTS.
TEE DfTHE HEBONDHuLDE.RS the interest
upon the bonds until the road is completed
THE INTEREST Is FL lRrHE SECURED
by pledge TO the trustees OF the CIR, rs
EARNINGS of both HE NEW YORK.
LAKE ERIEAND WESTERN RAILROAD
and the NEW YORK. PENNSYLVANIA
AND ONO RAILROAD On all traffic going
tOand coming from the Chicago and Atlantic
Railway Company. MAXI NG THIS INTER.
EST A FIRST CHARGE not only upon the
NET EARNINGS II the latter road alone,
Bl'T ALSO upon the GROSS RE|ENU
received out Of business FOR and FROM
ALLPOlSI.S ON THE NEW YORK, LAKE,
ERlE AND WESTERN RAILROAD and
the NEN IOEk. PENNSlLN ANA AND
OHIO hAlLRUAD between Marion, Ohio,
and the CITY OF NEW YORK. The On.
tire animal interest upon this issue Of bonds |
TO $3.50. 900. WHILE DUR. |
ING THE YEA K 1850 the gross earnings Of
the New York, Lake Erie aud Western and
he New York, Pennsylvania and Ohio Rail |
way Companies from through traffic west of
Marion amounted. according TO rgures fur |
nshed by General J. "A. Deyereux. President (
New York, Pennsylvania and OHIO RailrOnd |
Company. to sI.5OO,OOO upon freight |
Alone. not counting an! passenger business. !
Il would Therefore appear that these 80, 90 :
'b Bonds, being the entire amount of the |
irst mortgage, are amply secured and should !
It once commend themselves to inyeStO.S I