Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-05-25
CHICAGO. MILWAUKEE AND ST.
PAUL RAILWAY COMPANY
YEAR BONDS,
Due 1921.
ELOURRD BY FIRST MORTGAGE UPON TIE
CHICAGO AND PACIFIC WESTERN
DIVISION OF THE System OF
THE COMPANY
INTEREST PAYABLE SEMI ANNUALLY IN
NEW YORK, IN GOLD. ON JANUARY
AND JULY l.

THE CHICAGO, MILWAUKEE AND ST. PAUL
HALLWAY COMPANY at the beginning of the
current year owned and operated about 3, TOO miles
Of railway.
To further complete and consolidate lis system i,
and especially the Southwestern portion OF the
same, the Company has acQ 1irsd nu mber of C ,n-
meeting lines in the state Of lows and in Oak ota
and ie constructing line of railway from Dubuque
and Marion across the stste OF lows to Council
Bluffs. opposite Omaha. with branches into Ne
braska and Dakota. including three bridges across
the Missouri and mississippi rivers. To provide
means fer these purposes the Company has deter
mined 70 issue its bonds secured by first m ,rtgage
at the rate of $40. COO PER MILE OF CON-
PLETED AND EQUIPPEo ROAD. and further
Issues for three BRIDGES and for additional rolling
stock when required By the increased traffic of the
Company; aud In case it becomes requisite by in
creased traffic the Company may double track the
line at not to exceed additional hypoth ecation
OF IS COO mile. The deed OF trust to the Farm
provides that NO BONDS CAN BE ISSUED ex-
cept for the aforenamsd purposes WHEN ACTU-
ALLY ACCOMPLISHED.
The Capital Stock of the Chicago, Milwaukee and
st. Paul Railway Company is
In preferred stock ...................Sl2 4O4 4S3
Making together. s27 sos 744
During the entire existence of this Company div
idends of per cent per annu n on the preferred
stock have been paid, and from time &c time div
1dends on the common stock. which latter for
1879 amounted to per cent while for 1880 per
cent were paid upon the common stock.
The gross earnings for the year ending December
81, 1850, amounted to. $l3 OS6, lis. 81
After deducting operating expenses
ana ta1eS........ 7,742, 425 IS
There we're left. net earnin rs w S5343, 693 90
And after payip interest on the total bonded debt
there remained profit for the year of g., 49,
co., 45. from which deducting the dividend OF per
ceit on both classes OF stock. ST. 946 612 OS leaves
balance Of net profits $500. 995. 81. which, to-
getker with the surplus of former years, leaves an
undivided balance of income of SO, 500 977.l3.
Tie rolling stock of the Company at the begin.
ming OF the year consisted of 425 locomotives ana
ID. 63z cars Of various descriptions.
The new system which the Company Is now con-
sructing and for which this issue OF bonds is made
Will make the shortest line from Chicago to Omaha,
and will enable it to fecure a share OF the trans-
contne entail traffic heretofore mainly controlled by
the other lines extending east from Omaha; and it
is expected that the superior location of the line by
which these bonds are secured and their redemp-
ton in gold in will make the same an exception
ally desirable investment
tSisne0 JULIUS WADswORTH.
Vice President.
The UNDERSIGNED having secured control O, the
above described loan,
OFFER S.. 900. 600
for public subscription
AT The PRICE OF 100
and accrued interest: subject to an advance in
price and to closing OF subscription without notice
Subscriptions vii. likewise be received by the
DAUTsCHE vEREINsBANK.
OF FRANKFORT o. NJ,
giving purchasers the advantage OF an interna-
tiOnal market.
r. KUHN, LOEB & Co.,
m2325,26 81 Nassau street, New York.