The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-02-15
FINANCIAL.
FINANCIAL.
AGUAn NAVIGATION
AND
IMPROVEMENT COMPANY.
Sl5O.OOO FIRST MORTGAGE
SIX PER CENT. TEN YEAR
GOLD BONDS
Interest Payable Semi-Annualy al New York.
PRINCIPAL DUE 1896.

These bonds are secured by a First Mortgage to
the Union Trust Company OF New York as If9ts-
tee covering all the properties, rights and iran
chises of the Company
Under special concessions from the Supreme
Government of the Republic of Honduras, the
Comnany owns for fifteen years me ercl,tsire
Si0lf of navigating the Aguan River (about $50
miles in length) In Honduras; and also owns for
ninety-nine years the erctsioe right of operating
the canal connecting the Aguan River near its
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 Tor States of Colon, Yoro and Olan-
cho nine square miles of land for each mile of canal
miles), which lands, together with the minerals
woods ana other products that may be found in or
upon them; become the property OF the Company
Ill Zee simple upon completion OF the canal.
Work has been commenced upon the canal,
which, it is expected, will be completed and in OPP
GRAFTON AZ before the first of October, 1886.
The canal tolls on merchandise and craft of
every Kind will be regulated solely by the Compa-
ny, free from Government supervision.
All property of every kind belonging to theC0m-
pany is exempt from taxation, custom duties, port
dues charges of any kind for ninety-nine years,
The Company has the right of exporting the
woods, minerals and other products of its lands
free of any tax or duty, and OF importing anything
required by it OF its employees free OF all duties
whatsoever; and its employees, laborers and 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, and
an extraordinarily profitable business is assured
immediately upon the completion of the canal.
The Aguan River has its source in the famous
gold fields of Honduras, towards which many
American proSpectorS 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 have been
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 Val
ley in addition to the great variety of fine cabinet
Woods Gold, Silver and Copper Mines, include
Bananas and PlantainS of unusual size and delica-
cy OF flavor, SarSaparia, CocoanutS, Oranges (su-
perior to FlOrida's), Coffee, Rubber, Spices, etc.,
etc.
The distance between Truxillo and New Orleans
(910 miles, will enable the Company to land its
merchandise in American markets within tfty-six
hours after leaving the river. English and Amer
lean steamers now make regular trips to and from
TruXillo Bay.
A careful and conservative estimate of the
Aguan Companys business warrants the belief
that, in addition to earning its fixed charges, it
will be able to pay at least ten per cent. dividends
annually upon its capital stock
The undersigned offer, subject to previous sale,
one hundred and taveaty thousand (S120,000l
dollars of the First mortgage Bonds of the Com
pany at 80, with stock bonus OF five hundred
$4,000 dollars for each one thousand Isl 900
dollar bond subscribed.
The bonds are of the denomination of one thous-
and Isl ,000) dollars, coupons payable August
first and February first, and may be registered at
the option of the holder.
CHARLES WI. WHITNEY & CO.,
BANKERS,
"a Nassau Street, New Work.
I r