The Portland daily press., 1886-02-17
FIN ANCIAL.
AGUAN NAVIGATION
AND
IMPROVEMENT COMPANY.
$50, 900 FIRST MORTGAGE
SIX PER CENT. TEN YEAR
GOLD BONDS
Interest Payable Semi-AnnualI at New York
PRINCIPAL DUE 1895.

These bonds are secured by First Mortgage to
the Union Trust Company of New York as Ti7ls-
zee, covering all the properties, rights and fran
chlses OF the Company.
Government of the Republic OF Honduras, the
Company owns for fifteen years the eCctltsire
rtght q nautgdting the Aeuan River (apout $50
miles In length) in Honduras; and also owns for
mnety-nine years the erclastUe Tight or operating
the canal connecting the Ag!lan 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, 1oro ana Olan-
cho nine square miles of land for each mile Of canal
distance between the river and the bay about %
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, 1t is expected will be completed ana 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 its lands,
ee o. any TAX OF GUY a9 oI " 81
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 ande crews,
now engaged in active service upon the river and
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
tentl0n, and the boats OF the Agnan 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, Sarsaparlla Cocoanuts, Oranges (su-
perior to Florda'S), Coffee Rubber, Spices, etc.,
etc.
The distance between Truxilo and New Orleans
(910 miles, Will enable the Company to land its
merchandise in American markets within ffty-Sir
hours after leaving the river. English and Amer
lean steamers now make regular trips to and from
TruXill0 Bay.
A 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 t10enty thousand ($120,000,
dollars of the ''FTst Mortgage Bonds" Of the Com
pany at 80, with stock bonus of five hundred
($500) dollars for each one thousand Isl 900
dollar bond subscribed.
The bonds are of the denomination of one thous-
and ($1 ,000) dollars, coupons payable August
first and February first, and may be registered at
the option of the holder.
CHARLES M. WHITNEY ~ CO.,
BANKERS,
"a Nassau Street, New York.