Morning journal and courier., 1881-07-04
TRUSTEE, The Farmers Loan and Trust Company
INTEREST SECURED BY SPECIAL GUARANTEES AS HEREUNDER
 DESCRIBED.

The line of the Chicago and Atlantic Railway, now in course of construction, has length of 257 miles, extending from Marion, Ohio, to Chicago entrance to and superior terminal facilities at Chicago having been already secured by contract with the Chicago and Western Indiana Railroad Company, which con tract is mortgaged to the bondholders together with all the property of the Chicago and Atlantic Railway Company, including it's full equipment. This road is being constructed trunk line under the supervision of HUGH J. JEWETT, PRESIDENT NEW YORK, LAKE ERIE AND WESTERN RAIL ROAD COMPANY, and for the express purpose of securing independent Western outlet to the Erie system which heretofore has been dependent for it's Western traffic upon the other lines running into Chicago from the East, controlled by rival corpora tions. The New York, Lake Erie and Western Rail road reaches the Chicago and Atlantic Railway (which for it's entire distance parallel with about IS miles South of the Pittsburg, Fort Wayne and Chicago Railroad). the New York. Pennsvl- vania and Ohio Railroad from Salamanca to Marion, and the three companies have male perpetual pro rating contract while THE CONTROL Of the Chicago and Atlantic Company has been secured for ex- tended period by the NEW YORK, LAKE ERIE AND haREEs To PRoV4DE SoIAN AIT FN1s E TO coM PLETE THE CHICAGO AND ATLANTIC RAILWAY issue of bonds and tSe 0 to it's stock, and the New York. Lake Erie and West Tn oF TIE e tsrest upon ths bonds until the road is completed THE INTEREST IS FURTHER SECURED by 3 both THE NEW YORK, LAKE ERIE AND WESTERN RAILROAD and the NEW YORK, PENNSYLVANIA AND OHIO RAILROAD on all trafic going to and pany, MAKING THIS INTEREST FIRST CHARGE not only upon the NET EARNINGS of the latter road alone, BUT ALSO upon the GROSS REVENUE re ceivsd out of business FOR and FROM ALL POINTS on THE NEW YORK, LAKE ERIE AND WESTERN RAILROAD, and the NEW YORK, PENNSYLVANIA AND OHIO RAILROAD between Marion, Ohio, and the CITY OF NEW YORK. The entire annual inter est upon this issue of bonds AMOUNTS TO S39O.- 900, WHILE DURING THE YEAR 1880 the gross earnings of the New York, Lake Erie aud Western Companies, from through trA6ho west of Marion amounted, according to figures furnished by General !. H. Devereux. President New York, Pennsylvania and Ohio Railroad Company, to 91,5OO,O 900 upon It would therefore appear that these G. Bonds being the entire amount of the mortgage, are amply secured and should at once commend them selves to investors.
 THE EUNDERsIGNED HAVING, AFTER A CAREFUL EXAMINATION THROUGH sTATUs OF THE aUXR1rTEEs. Pun- CHASED THE ENTIRE ISSUE OF THESE BONDS, OFFER THE SAME FOR PUBLIC BUBSCRIPTION
 At the Price of 1O2 1-2 per cent. AND ACCRUED INTEREST TO DATE OF DELIVERY, THE RIGHT BEING RESERVED TO ADVANCE PRICE AND TO CLOSE BUBSCRIPTIONS WITHOUT NOTICE.
 Pending the preparation of the Bonds Bond Certiheates will he issued by the vertiblo by tho latter into Bonds when executed.
 Subscriptions will also be received at Amatertam, Holland, thus securing sub- scribors the advantage Of an tnternation- al market.