The Portland daily press., 1886-02-22

AGUAN NAVIGATION
AND
IMPROVEMENT COMPANY.
Sl5O.OOO FIRST MORTGAGE
SIX PER CENT. TEN YEAR
GOLD BONDS
Interest Payable Semi-AnnuaIly at New York.
PRINCIPAL DUE 1896.

These bonds are secured by a First Mortgage to
the Union trust US company ~ INeM i1aA a. fy
chses of the Company
Under special concessions nom the supreme
Government of the Republic of Honduras, the
Company owns for fifteen years the exclusive
right OF navigating the Aguan River about $50
miles in lengthy in Honduras; and also owns for
ninety-nine years the erclusive right Of operating
the canal connecting the Aguan River near It's
mouth with the Bay of Truxillo.
The Company is entitled to select from any gov
eminent lands that may suit its purposes in the
Departments (or States) of Colon, HOro and DIAN
ch0 nine square miles of land for each mile of canal
distance between the river and the bay (about 20
miles,, which lands together with the minerals,
woods and other products that may be found IN or
in fee simple upon completion OF the canal.
Work has been commenced upon the canal,
which, it is expected, will be completed and IN OPP
Grafton before the first of October, 1886.
The canal tolls on merchandise and craft OF
every kind will be regulated solely by the Compa-
n.y. free from Government supervision.
All property of every kind belonging to theC0m-
pany is exempt from taxation, custom duties, port
dues or charges Of any kind for nlnety-nne years.
The Company has the right of exporting the
woods, minerals and other products OF IFS lands,
free of any tax or duty, aud OF importing anything
required by it or its employees free OF all duties
whatsoever; and its employees, laborers ana the
settlers upon its lands are exempt from personal
tax and military duty for ninety-nine years
The Company has two well equipped steam
boats, manned by Pittsburg officers and crews,
now engaged in active service upon the river ana
an extraordinarily profitable business Is assured
The Aguan River has its source in the famous
gold fields Of Honduras, towards which many
American prospectoTS are now directing their at
tention and the boats of the Aguan Company
alone render the district accessible. The forests
of superior mahogany, cedar and other cabinet
woods bordering upon the upper river nave peen
famous for century on account OF the size OF the
trees and at the same time inaccessible for lack OF
steam transportation. which the boats OF the Com
pany now afford. The products OF the Aguan al
lev in addition to the great variety OF fine cabinet
Woods Gold Silver and Copper Mines, include
Bananas and Plantains of unusual size and dellca-
CIV of flavor, Sarsaparilla, Cocoanuts, Oranges (su
perior to Floridas), Coffee, Rubber, Spices, etc.
etc.
The distance between Truxillo and New Orleans
(91O miles) will enable the Company to land its
merchandise in American markets within fifty-siX
hours after leaving the river. English and Amer
lean steamers now make regular trips to and from
TruXilo Bay.
A careful and conservative estimate of the
Aguan COmpany'S business warrants the Dene1
that, in addition to earning its fixed charges, i
will be able to pay at least ten per cent dividends
annually upon its capital STOCK.
one hundred and tlCe1lty thousand (S12O,OOOl
dollars of the s'Fjrst Mortgage Bonds OF the Com
pany at 80, with a stock bonus OF five hundred
1S50Ol dollars for each one thousand $1,000,
dollar bond subscribed.
The bonds are of the denomination of one th0us
and ISL 0OO) dollars, coupons payable Angus
first and February first and may be registered al
the option of the holder.
CHARLES WI. WHITNEY & CO.,
BANKERS,
21 Nassau Street New York.
1