The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-05-09

5O-YEAR FIVE PER CENT. GOLD BONDS
New York, West Shore &
Buffalo Railway Go.
INTEREST PAYABLE JAN. 1 AND JULY
1, PRINCIPAL PAYABLE JULY L,
1881.
BOTH PRINCIPAL AND INTEREST PAY
ABLE IN THE CITY OF NEW YORK,
IN UNITED STATES GOLD COIN,
OR, AT THE OPTION OF THE
BEARER, IN CITY OF LON
DON, IN STERLING MON
NEY OF GREAT BRIT
AIN.
COUPON BONDS OF 81 900 OR e2OO EACH.
CONVERTIBLE INTO REGISTERED
CERTIFICATES. IN DENOMINATIONS
OF 81 900 81, 900 AND $4,000.
SECURED BY A FIRST AND ONLY MORT
GAGE COVERING THE RAILWAY AND
ITS EQUIPMENT, FRANCHISES AND
PROPERTY OF EVERY DESCRIP-
TION, NOW OWNED OR HERE
AFTER ACQUIRED.
UNITED STATES TRUST COMPANY,
OF NEW YORK, TRUSTEE.
TOTAL ISSUE AUTHORIZED, $50, 600 900,
ON THE DOUBLE TRACK MAIN LINE
BETWEEN THE CITY OF NEW YORK
AND THE CITY OF BUFFALO,
AND ITS BRANCHES.
Having purchased SEQ, 262, 900 in all of the
above described Bonds, OF which &16,145,OOO
have already been privately sold, we now invite
proposals to purchase the remaining $4,117,-
900 upon the following terms:
Sealed proposals Ito be endorsed proposals for West
Shore Bonds) will be received at office until
Thursday, May 10, 1888, at o'clock NJ, when they
will be opened, in the presence of the bidders, by
JOHN A. STEWART, President
United States Trust Company.
f. N. LAWRENCE, President
New York Stock Exchange, and
II. F. SPALDING, President
Central Trust Company,
and 'oil be awarded 10 The highest bidders, absolutely
NithOutreserue.
Proposals must be accompanied by certified cheques
for ten per cent of the value of the Bonds bid for
Whlch amount VIII be applied to the extent of ten
cent upon proposals accepted, will be returned in
full whore awards made. The remaining 90 per
cent of the Bonds must be paid for in three
Bye monthly instalments of 30 per cent. each, COM
mencng June A. 1888. Purchasers have the prigilege
ofdnicipatn0 at any time, all nstalnents, upon
giving three davs notice thereof Interest accrued
opon the bonds to date of payment therefore be
paid in all cases.
For the first payment Of 10 per cent, negotiable
ceipts will be issued, redeemable in Bonds upon full
payment for the amount awarded. Bonds will be de-
liyered for all other nstalments paid.
All bonds delivered will be of those numbers listed
nt the New York Stock Exchange.
The officials of the West Shore Railway inform us
that their road from Weehawken to Syracuse is
nearly ready for the passage of trains and that the
cash assets for the completion of those divisions
ample to place them in rst-class condition for full
operation They ais state that the road between
Syracuse and Buffalo is under for completion
before Aug 81, 1883, and that ample funds pro-
Vided therefor They further state that they expect
to open the road for business from New York to AL
bany and Syracuse in July, and through to Buffalo in
October.
The New York West Shore and Buffalo Railway is
the only Trunk Line terminating at New York City
which has but class of Bonds Of single issue,
secured by uniform First Mortgage, covering its
entire line and equipments.
BY reason of the fifty years fixed before these Bonds
be redeemed, the convenience of registered cert
icates of large denominations upon which the inter-
est may be collected by cheque the same as upon
Government Bonds, and being the security Of First
Mortgage a Trunk Line traversng the most popu-
lous and wealth portion of the United States and
terminating at its Commercial Metropolis it is be-
leved that these Bonds will become fayorite Amer
lean railway Investment for trust and other funds
requiring permanency, convenience and safety.
Additional particulars and form of proposal furnish
ed upon application.
WINSLOW, LANIER & CO.,
New York, May 5, 1888 20 NASSAU ST.
Form Of ProposaI,1
To Messrs WINSLOW, LANIER CO.,
20 NASSAU STREET.
New York:
Enclosed find certified cheque to your order for