Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-05-03

The Pennsylvania Company is corporation
Chartered in 1e7tfor the purpose Of operating man
aging and developing the railways west of Pitts bu
controlled by the Pen nsylvania Ksilroad Company
To provide mesns for the acquireme It OF aidi-
tpnsl property and the further Development of the
Pennsylvania Railroad Oompany's system, the
Pennsylvania Company has decided to create q
First Mortgage to secure Bonds to the amount of
800 Geo, co., Of which the present issue forms part.
bearing interest at the rate OF ~ per cent per
mum. payable January and July /, the principal
msturiDg in 1921. and both principal and interest
payable In Gold in the city Of New York, free from
National snd State Taxes.
The Bonds IL, ued in denominat tons Of ST. 600
each, and EVERY BOND HAS ENDORSED
THEREON TIE ABSOLUTE GUARAN TEE OF
THE PENNSYLVANIA RAILROAD COMPANY
FOR PRINCIPAL AND INTEREST.
The total authorized issue is further secured By
mortgage a first charge upon
LIST. he leases for 999 years. held By the Penn
tylvania Oompany, Of the Pittahurg. Fort Wayne
srG Chicag the Cleveland and Pittsburg, and the
Erie a, the Pt,sout 6 Raj Ways. THESE LEASES
Al ONE have for the twey years from their dale
to December 81, $780, ii. lad an aversge yearly
MT profit to the Pennsy ysnia Company exceeding
one ,sion dollarP, which sum is ore than double
the entire annual interest hs $40, 005 coo Boz
at present to be issued
IL ne company VSiuaDie Eeat esl1te III tn5
cites OF Pittsbur9. Alleghary and Chicago. and
stoci and bonds in It's ire lsury to the par yslue
Of about SH4, O0G. 0C0. beins mainly securities Of
Il, es forming part Of The Pennsylvania system.
The company fu: ther agrees {the performance of
Which agreement Ia likewise guaranteed by the
Pennsy lvania Railroad Company to purchase in
every year in which bonCS OF this issue offered
ct price not above par. bonds equal to per cant
OIL the then outstanding issue IF said bonds, and
the arnusl Interest upon such bonds "a shall have
been before that time purchased with said fund.-
p,oyisicn which should st all times protect the
pic Of the bonds against any material decline be-
low the issue price.
he Tennsy lvanis Company has no other debts
except 81, 9Ol COO in debensures secured by de-
posit of "a coo, GOO OF the sttsburg. Fort Wayne
and Chics hallway stock (part of the securities
enumerated above), and its bonded deot cannot
Ut der the law be increased beJond the amount of
its fun paid capitsl stock. which at present is
$2o coo, OfO. exclusively owned by the Pennsylva-
nia Re osd Company.
The railways operated directly or indirectly by
the Pennsylvania Company comprise a system of
1854 miles. and the NET EARNINGS of that COM
ptny FOR the year 1880, after the payment Of sl
fixed charges, amount to. 80, OIL, SOC IS
Those OF the Pennsylvania Railroad
Company On lis lines eset OF Pitts
burg, after pa, ment Ct all fixed
charges 1859, 500 Oh
TOTAL NET REVENUE FOR 1880. IL. 709, 9s5 Sc
WHILE ONLY 81, 100, 900 VIII be required to meet
theinte1 est and shifting fund, WHEN THE WHOLE
o. TaE $40, OC0,tC0 BONDS ARE ISSUED.
Provision has been made to have Coupon Bond g
re kistered in the owners name when desired, AT
ais for TIER conversion into absolute Registered
E. nds, interest payable to the registered owner
Only.
WILLIAM THAW,
Vice President Pennsylvania Company.
Approved:
G., B. ROBERTS.
P.ssident Pennsylvania Railroad Company.
The undersigned. having secured control o; the
heIeinbefoa described
TEN MILLION DOLLARS
41-2 Per Cent. Gold Bonds,
Offer the same for public subscription at the price
OF 1O0 12 cent. and scctued interest to date OF
delivery.
Subscription will be received until FRIDAY,
NAY 6, bat the right is reserved to close the sub
scrtptions at an early date. without notica.
subscriptions will also be received
IN ENGLAND-by Messrs. LOUIS COHEN l.
SONS, of London.
IN PHILADELPHIA-By Meszrs. DREXEL
co.
Thus securing for thu bonds al international
msrket.
KUHN, LOEB & CO.,
81 Nassau Street, New York.
m2.a5.3t
SPRING AND SUMMER
STOGK urNnRn I'VE Nd
NOW READY.
SUPER MERINO SHIRTS AND DRAWERS.
GAUZE MERINo SHIRTS AND DRAWERS.
BALBR1aaAN SHIRTS AND DRAWERS.
AND JEAN DRAWERS.
CoLoRED HOSIERY.
Choice Assortment OF
NECK WEAR.
WIN. s. TEEL,
Ap30 G30 PeMna. ave
MILLIONS OF SLIPPERS.
WI AT HAHa'S.
Laoies Web and Lasting Slippers, 20 and 35c.
1. 2, 8, 3. B snd strap slippers. Soc. to So.
ar29-5t 816 7th st. ana 1922 Penna. avenue.
10 0On PAIRS IEFAETs' Kid, Goat and
colors ESQ.,, 30c, 40c. and Soc
5000 pairs Infants Slippers. fall coors.l 20c to
Coo WILLIAM EAHN'S,
ap29-6t 8l6 7th ST. and 1872 Perns. avenue.
DAINTs, OILS. WINDOW AND PLATE
Il GLASS.
JOHN STONES KALSOMINE and MASURY'S
LIQUID PAINTS, ready for use. (Ssna for circu-
lars
Estimates furnished to Builders. full stock of
ARTISTS SUPPLIES Away on nand.