Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-05-23
CHICAGO. MILWAUKEE AND ST.
PAUL RAILWAY COMPANY
FIVE PER CENT GOLD FORTY.
YEAR BONDS,
Due 1921.
B1CURRD BY FIRST MORTGAGE UPON THE
CHICAGO AND PACIFIC WESTERN
DIVISION OF THE SYSTEM OF
THE COMPANY.
INTEREST PAYABLE SEMI ANNUALLY IN
NEW YORK. IN GOLD. on JANUARY
AND JULY /.

AND JULY !.
THE CHICAGO. MILWAUKEE AND ST. PAUL
RAILWA COMPANY at the beginning Of the
current year owned and operated about 3, TOO miles
Of railway.
To further complete and consolidate lie system, ,
and especially the Southwestern portion OF the
same, the Company has acquired number OF con :
Meeting lines In the state of Iowa and in Dakota
and In constructing line of railway from Dubuque
and Marion across the state Of Iowa to Council
Bluffs. opposite Omaha. with branches into Ne
braska and Dahots, including three bridges across
the Missouri and Mississippi rivers. To provide
means Tor these purposes the Company has deter.
mined 70 issue 1ts bonds secured by first ortgage
at the rate Of $50. 600 PER MILE OF COM
PLETED AND EQUIPPE5 ROAD. and further
issues for three bridges and for additional rolling
stock when required by the increased traffic Of the
Company. and In case it becomes requisite by in
creased traffic the Company may double track the
line 1t not to exceed an additional hypothecation
Of 8S. 600 mile. The deed OF trust to the Farm
ers' Loan and Trust Company STRINGENT
provides that NO BONDS CAN BE ISSUED ex-
cept for the aforenamed purposes WHEN ACTU-
ALLY AOCOMPLISRED.
The Capital Stock of the Chicago, Milwaukee and
st. Paul Railway Company is
In preferred STOCK. 8l2. 404 4S3
In common shares. .................. Is, 404, 26l
Making together. s27. sOS. 744
During the entire existence of this Company div
1dends OF per cent per annu n on the preferred
stock have been paid. and from time to time div
idends 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 Becember
81, 1880, amounted to- $l3, OS6 lis. 81
After deducting operating expenses
ana ta1es.-...... ..."n".. 7,742, 425 68
There were left ne. earaings ... S5, 343. 692. 90
And after paying interest on the total bonded debt
there remained profit for the year Of S2,749,-
OUT 10, from which deducting the dividend OF per
cent on both classes Of stock. 81 946 6I2 leaves
balance OF net profits $500. 995. 81, which, to-
gether with the surplus Of former years, leaves an
undivided balance Of income of ss. 1863. 9771S.
The rolling stock of the Company at the begin.
ming OF the year consisted Of 1925 locomotives and
IL, 634 cars OF various descriptions.
The new system which the Company IN now con.
sruct1ng and for which this issue Of bonds la made
will make the shortest line from Chicago to Omaha
and Will enable 1t to Eecure share OF the trana-
continental traffic heretofore mainly controlled by
the other lines extending east from Omaha; and il
is the superior location Of the line by
which these bonds are secured and their redemp
ton in gold coin will make the same an exception.
ally desirable investment.
tsigneO JULIUS WADSWORTH,
Vice President.
The undersigned having secured control OF the
above-described loan,
OFFER SIS. OOO. 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 will likewise be received by the
DEUTsCHE vEREINsBANK,
OF FRANKFORT o. NJ.
giving purchasers the advantage OF an intsrna-
donal market.
KUHN, LOEB & Co.,
m23-25 26 81 NaSs8u street NeU Vnrk