Morning journal and courier., 1886-02-11

These bonds are secured by q first mortage to the the Union Trust company of New York as trustee G e9v % company.
 ernment of the Republic of Honduras the company owns for fifteen years the exclusive right of nav1- gatng the A2uan river (abeut 1so miles in length) in Honduras; and also owns for ninety mine years the exclusive right of operating the canal connect. TrnxiIlo
 The company is entitled to select from any gov partment Cor States of Colon, Yoro and oIancho nine square miles of land for each mile of canal distance between the river and the bay (about 25 miles) which lanls, together with the minerals, woods and other products that may be found ln or fee pos simple nl9I, upon completion of the canal
 Work has been commenced upon the canal, which, it is expected, will be completed and Tn operation before the first of October, 1886.
 The canal tolls on merchandise and crafts of ev- cry kind will be regulated solely by the company, free from government supervision
 All property of every kind belonging to the com pany is exempt from taxation, customs 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 it's lands free of any tax or duty and of importing anything required by it it's employees, free of all duties Whatsoever and it's employees laborers and the set tiers upon it's lands are exempt from personal tax and military duty for ninety nine years.
 manned by Pii tsburg officers and crews now en- gagged ill active service upon the river, and an ex- ateiy ssi @ upon ni the completion of the canal.
 The Aguan river has it's source in the famous erican prospectors are now directing their atten- tion and the boats of the Aguan company alone render the district accessible. The forests of sll perior mahogany, cedar and other cabinet woods bordering upon the upper river have been fa- nous for a century on account of the size of the trees and at the time inaccessible for lack of steam transportation which the boats of the com pany afford The products of the Aguan val ley in addition to the great variety of fine Cabinet Woods, Gold, Silver and Copper Mines, include Ba, and Plantains of unusual size and deicacy of flavor Sarsaparilla, Cocoanuts, Oranges (superior to Floritias) Coffee, Rubber, Spices, etc, etc:
 The distance between Truxlllo and New Orleans
 e1O miles, will enable the company to land it's mer chandise in American markets within fifty SIX hours after leaving the river. English and Ameri can steamers now make regular trips to and from Truxillo bay.
 careful and conservative estimate of the Aguan company'S business warrants the belief that, in ad dition earning it's fixed charges it will be able te pay at least ten per cent. dividends annually upoI it's capital stock.
 The undersigned offer, subject to previous sale hundred and twenty thousand ($JaO00O) dollars of the First Mortgage Bonds'' of the company al 9O with a stock bonus of five hundred (S50O) dollars for each thousand ($1,OOO dollar bond sub scribed.
 The bonds are of the denomination of one thou sand ($1 O0O dollars coupons payable August Isl and February 1st, and may be registered at the op ton of the holder.