New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-05-15

g..
The Indiana BLOOMINGTON and Western Railway Company
h about TO issue First Mortgage Gold Bonds bear
ING date 1851 and running forty years with per cent
interest payable semiannuay In gold In The cy OF Ne"
YORK secured by Mortgage Of its Eastern Division TO
Tho Central Trust COmrany OF NcwYOrk. including rolling
stock terminal facilities and franchises IN TIE ches o. IN
dianapolis and Springfield
Thi. Eastern Division viii pass through territory Of rich
and productive country sufficient in Itself TO susian an IN
denerIrt road from local business alone With the east
bound business OF the Indiana. Boouingon and Western
Main Line hitherto given 70 other railroads without com
pensaton and bound Lumber Coal Iron and other
business brought to Springfield by the Cincinnati srdussy
and Cleveland and Ohio Southern roads and destined Ion
roints west Of Springfield. will make the division the most
valuable Of the whole system.
The Indiana, Bloomington and Western Railway now
bfpgs into indianapolis business Than any other IN
dependcut line Of railroad utilize this large tusinoss
and secure proGt resulting from its transportation Z"
water communication with SeNNork at SaDdussy on Lake
Erie and to connections with important Trunk lines al
Columbus Ohio requires the construction Of this Eastern
Division This system when complete will be link IN the
shortest line from Omaha Burlington, Peoria, &C. Via COL
unbrs 10 the Atlantic seabOari
The Ohio Southern Rsilro4d extending from Springfield
Ohio into the heart coal and region OF south
EN- Ohio is controlled and operated in the interest of the
indiana bloomington and Western Railway ami when ex
tended the Ohio River opposite Huntington vi" connect
This Indiana Bloomington and wesern system with that Of
The Chesapeake and Ohio.
Farpip and expenses of the Indiana. bloomington
western RAILWAY the calendar year January l. 1850 to
January l. 1881, az follows;
Gross earnings 80
Operating expenses and rentals GG9Oj3 SO
-
Not earnings. go soto
Interest charges. Sl"2oOO
PEI cent on income 10000 $4,000 90
Ne, surplus. s245.3cs %
or 90. per cent on the 100000 Of capital stock
total interest charges the bonds will be 900
per that without any increase whatever from The
operation Of this Easie Division prOnt In the lease Of
Road the interest upon these 1ordss already
assured beyond question.
The road expected 10 be completed by November lat
Application will be made for the listing Of these bonds
upon the NewYork Exchange fast work Is completed
The bonds viii be certified by the Central Trust Company
Of SewYOrk, the Trustee. The will be ready for
delivery Jane TO- 1881.
In accordance with the provision Of the Mortgage
Deed Of securing these bonds the proceeds viii be
deposited Central Trust Company ard only paid out
The work progresses
The unersgned ready 20 receive subscriptions for
ths issue BOn4 at lo2 and interest l0per
cent CT VIII be payable at the time Of sub
serptoh VIII have the option June TO- 1884, Of
paying In full monthly instalmens The hight Is
served 70 advance the price without notice. Interest
VII be allowed all deposits made account Of subscp
hons az tho six