The Portland daily press., 1886-02-12

AGUAN NAVIGATION
AND
IMPROVEMENT COMPANY.
$50, 900 FIRST MORTGAGE
SIX PER CENT. TEN YEAR
GOLD BONDS
Interest Payable Seml-AnnualIy at New York
PRINCIPAL DUE 1895.

PRINCIPAL DUE 1896.
These bonds are secured by a First Mortgage to
the Union Trust Company Of New York as ITus
tee, covering all the properties, rights and ran
chSes of the Company.
Under special concessions from the Supreme
Government OF the Republic of Honduras, Inc
Company owns for fifteen years the etetustte
right OF navigating the Aguan River (aDouC lSO
miles in length) in Honduras; and also owns Tor
ninety-nine years the e1clustCe ftght 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
ernment lands that may suit its purposes in the
Departments Tor States) of Colon, Y0TO 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 property Of the Company
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-
ny, 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-nine years
The Company has the right of exporting the
woods, minerals and other products Of It's lands,
free of any tax OF duty, aud OF importing anything
required by it or 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,
an extraordinarily profitable business is assured
Immediately upon the completion of the canal
Inc Aguan River has its source i'll the famous
gold fields OF Honduras, towards which many
American prOSpectOfS 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 V al
ley. in addition to the great variety Of fine cabinet
Woods, Gold, Silver and Copper Mines, include
Bananas and PlantanS of unusual size and dellca-
ey of flavor, SarSaparilla, CocoanutS Oranges (Su-
perior to Floridas) 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 fifty-siX
hours after leaving the river English and Amer
lean 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 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 tl0e1lty thousand (S120,000l
dollars of the First Mortgage Bonds Of the Com
pany at 80, with stock bonus of five hundred
(S500) dollars for each one thousand $4,000
dollar bond subscribed
The bonds are of the denomination of one thouS-
and 81 900 dollars, coupons payable August
first and February first, and may be registered at
the option OF the holder
CHARLES Nh. WHITNEY 81 CO.,
BANKERS,
"a Nassau Street New York.
feb12, 15,17,19,22