The Portland daily press., 1886-02-19

These bonds are secured by First Mortgage to
the Union Trust Company o. new hQrk as I sIaI
tee, covering all the properties, rights ana iran
chiSeS of the Company.
Under special concessions from the Supreme
Government of the Republic OF Honduras, the
Company owns for fifteen years the erctusige
q'iQht of navigating the Aguan River about $50
miles in length) in Honduras; and also owns tor
ninetynne years the eCeLltstUe 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 Cor States) of Colon, Yoro and Olan-
cho 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
upon them become the pGa,perGy f 81 tne company
Work has been commenced upon the canal,
which, it is expected, will be completed and i'll 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-
nv free from Government supervision.
All property of every kind belonging to theCom-
pany is exempt from taxation, custom duties, port
dues or charges of any kind for ninety-nlne 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 or It's employees tree OF an 9ut t
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 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 for Lack of
steam transportation, which the boats OF the Com
pany now afford. The products of the Aguan VAL
lev in addition to the great variety OF tne CABINET
Woods, Gold, Silver and Copper Mines, include
Bananas and Plantans of unusual size and dellca-
CIV of flavor SarSaparilla Cocoanuts, Oranges (Su-
perior to Floridas), Coffee, Rubber, Spices etc.,
etc.
The distance between Truxill0 and New Orleans
(91O miles, will enable the Company to land its
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 Company's business warrants the belief
that, in addition to earning its fixed charges, 1t
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 tlgeglty thousand (S12O,O00l
dollars Of the First Mortgage Bonds, OF the Com
pany at 90, with stock bonus OF five hundred
lS50O) dollars for each one thousand (S1O00)
dollar bond subscribed.
The bonds are of the denomination of one thous-
and (S1 .OOOl dnllarS,-ceapoHS payable August
and February first, and may be registered at
the option of the holder
CHARLES M. WHITNEY, Il CO.,
BANKERS,
"a Nassau Street, New York.
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