New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-15
Financial.
SUBSCRIPTION FOR
$3,96O,OOO
Pennsylvania Railroad Co.
q IA PER CENT.
COLLATERAL TRUST GOLD BONDS.
Principal Payable Iune I, 1913.
INTEREST PAYABLE sEMI-ANNUALLY ON 1Sr
JUNE AND lST DECEMBER.
fetal Issue: Ten Million Dollars.
fetal Issue: Ten Million Dollars.

The undersigned offer for subscription So OF the
bonds lOl per accrued interest to date Of
payment, to be paid for on or before July 18th.
These 100000 the remainder the total issue OF ten
million dollars.
The secured by Of dated LIST,
1888 from Pennsylvania Railroad Conpny the Provi.
Life ana Trust Company OF Philadelphia, Transferring
plcdgng to said Trust Company Mortgage Bonds of
various subsidiary Railroad Companies OF the and APP
praised vaue Of sl25OOOO0 which the annual interest
amounts 10 s677000
collateral securities may exchanged for other
cues Of equal market value not less than the appraised
value OF the securities withdrawn.
The Pennsylvania Railroad Company states the following
in a letter TO dated March -, 1886;
"The Capital stock OF the Pennsylvania
"Ralroad Company. December 81. 1884,
was So4777,SoO
"The Bonded Debt Of the Pennsylvania Rail-
"road Company, December 81 1854, In
"cluding mortgages and ground rents
"real estate payable also trust certificates
"due representing purchase OF Phlla-
"delphia. Wilmington and Baltimore Rail-
road Company stock against which arc
" held stocks and bonds OF other companies
"ofa par value OF Sl2s.05s,046 costing
"S96s6Gjl7 S72,7O2,0&3
"The net earnings OF the Pennsylvania Kali
road pany in 1884, were-........... S1476f, 045
" Tts earnings from investments In 1884,
"wcre..................... 3,o5s,374
s1s,7I7,410
ats interest s bonded debt and other
"charges were OBSERVATION-DISCLOSURES 0,125,426
so,oe1.s 1913
Against which deducted for sundry
payments. s159O,7sO
Leaving balance TO credit OF income ac-
count for 1854 ss,oO121
he following IL statement OF the net earnings and
"charges 1884 OF the companies whose bonds
deposited with Provdont Life and Trust Company OF
"Phladepha as Trustee the Collateral Trust Bonds
Issued by the Pennsylvania Railroad Company.
Net Earnings, Fixed Charges
deducting including
Interest Interest
FOR Funded
Equipment Debt
"Belvidere. Delaware Railroad
-, s4s465o s21s,6,O
North and West Branch Rail.
road cO........................ 26i,575 10000
" pittsburg. Virginia and Charles
ton Railroad Co ................. 1ooSS9 10000
Southwest Pennsylvania Rail
road co....................... 1904 10000
western Pennsylvania Rail
road co........................ i7s,522 233,OOo
Tyrone aud Clearhed Rail-
&" road Co..................... 111,4O0 10000
"Pennsyvsna schuylkn Valley r. r. Co., not opened I'M
IN late IN 1894.
The bonds are OF 900 each with provision
registration the principal at the option OF the holder
principal payable In Philadelphia in gold
coin states the Railroad Company agreeing to
pay the and United states taxes.
The deed Of trust provides for sinking FIND OF onchalf
per cent eannuay which In 20 be invested In tho Bonds
Of this fssue provided they be bought undor par
and acct interest.
Bonds not subject 10 drawing or compulsory TO
dempton before maturity.
The subscription will be opened AZ 10 o'clock Thursday
morning May IL, may be closed without notice at
thereafter
Copies OF the deed OF trust inspected Office
these Bonds will be made in London By Messrs
speyer Brothers
SPEYER G. CO.,
~ Broad--L mills Building.
Now.York May 10. 1855.