Morning journal and courier., 1886-02-20
Eil1a11ciaI.

These bonds are secured by first mortage to the Union Trust company Of New York as trustee GOV ering all the properties rights ana franchlses oI ohe company.
 Under special concessions from the Supreme Gov ernment of the Republic of Honduras the company owns for fifteen years the exclusive right of navf gating the Aguan river (about 1SO miles in length the exclusive right of operating the canal connect ing the Aguan river near it's mouth with the Bay of
 The company is entitled to select from any gov ernment lands that may suit it's purposes in the De nine square miles of land for each mile of canal distance between the river and the bay (about 25 woods and other products that may be found in or upon them, become the property of the company in
 Work has been commenced upon the canal, which, it is expected will be completed and in 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,
 All property of every kind belonging to the com pany is exempt from taxation, customs duties, years The company has the right of exporting the woods minerals and other products of it's lands whatsoever; and it's employees aborers and the set tiers upon it's lands are exempt from personal tax and military duty for ninety nine years.
 The company has two wel-equipped steamboats manned by Pit ttsburg officers and crews. gagged in active service upon the river, and traordnariIy profitable business is assured immedi ately upon the completion of the canal
 The Aguan river has it's source in the famous gold fields of Honduras. towards which many Am 
 tfon: and the boats of the Aguan company alone render the district accessible. The forests of su 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 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 addition to the great variety of fine Cabinet Woods, Gold, Silver and Copper Mines, include Ba- and Plantains of unusual size and delicacy of flavor Sarsaparilla, CocoanutS, Oranges Superior to F1oridas), Coffee, Rubber, Spices etc, etc
 The distance between Truxillo and New Orleans (90 miles) will enable the company to land its mer chandise in American markets within fifty-six hours after leaving the river. English and Ameri- can steamers make regular trips to and from Truxillo bay.
 A careful and conservative estimate of the Aguan companys business warrants the belief that, in ad dtion to earning it's fixed charges, it will be able to pay at least ten per cent. dividends annually upon it's capital stock
 The undersigned offer, subject to previous sale, one hundred and twenty thousand ($120000) dollars of the First Mortgage Bonds of the company at 90 with stock bonus of five hundred ($500) dollars for each one thousand (S1 ,000 dollar bond sub- scribed.
 The bonds of the denomination of one thou sand ($1 ,00O dollars coupons payable August 1st and February 1st, and may be registered at the op ton of the holder.