New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-24
BONDS CANNOT Be Redeemed
BEFORE MATURITY.


BEFORE MATURITY.
These Bends are Issued in pursuance Of the Buffalo,
New-York and Philadelphia Reorganization Agreement
dated Feb 49, 1885, and authorized by the unanimous
vote OF the Stockholders OF the successor company inc
Western New York and Pennsylvania Railroad Company
Sl,jOO.OOO OF the Bends are reserved for better.
and for the purchase construction OF addohs
railroad or other property which will under the
Mortgage and the remander 100000 additional Bohds
reserved up provide for like amount OF the
Warren and Franklin Railroad Company's BondS maturing
in 1896.
These Bonds are First Lien upon the Railroad and
Franchises OF tho Western New-York and Pennsylvania
Railroad Company owned which may be acquired
hereafter except about so niles formerly the warren ana
Franklin Railroad; also First Lien upon al rolling
Stock equipment acquired by the sale OF the FIST
Mortgage Bonds reserved above mentioned. for that
purpose and Second Lien upon all other rolling stock
and equipment and upon the Western New York and
Pennsylvania right to use the property of the Union
Terminal Railroad CompanS OF Buffalo n. Y. also
the Bonds and Stocks belonging the Western NewYork
and Pennsylvania Railroad Company. which said COM
panys Second Mortgage is First Lien, but with the
right reserved the Mortgage Bondholders to use
the equipment and the terminal property though the
prior lien thereon should be enforced.
The cost OF the property which these bonds are
First Lien Including the Warren and Franklin road)
stands at $4,000, 900 the books Of the old
company.
Of Western New York and Pennsylvania and Its business
Is steadily increasing having been undeveoped owing to
the want Of sufficient rolling stock Fifteen new ocomo-
tves and 500 have recently been purchased at
of $780, 600, and will shortly all be In opera
ton the property The plant and equipment in RO
condition. the receiver reports that there has been e.
pended thereon nearly 100000 during his administration,
and that wooden bridges replaced with ron iron rails
with Steel tTeses filed In, and improvements
introduced prevent washous and slides. New sdings
have been constructed and many OF the old locomotives and
rebuilt.
In with the reorganization plan the floating
debt Of the old company has been settled the trusts
have been paid or and the real estate mortgages
provided for The company holds real estate, consd
cradle which is used in the operation Of
the road also S495000 second bonds reserved
in tho treasury additional assets thus leaving liens
the property but the first and second mortgage bonds
The line OF road which is covered by this mortgage
tends from Buffalo, n. Y, to Emporium, Penn, with
branch Clermont Perm. also from Buffalo, n. Y. to
Olean, N. Y, via Oil City, Penn, and other lines and
branches making total OF 637 miles upon which this
First Mortgage foe $4,000 600 is at the rate Of
about $1,000, 600 PER mile
The company has running arrangements. for which
paid about 80 miles Of road owned by the
Lake Shore Michigan Southern and the Philadelphia
and Erie Railroad Companies
The gross and earnings for the SIX months ending
December 81, 1851 according books Of this
pany, are as follows:
Gross s155O,7434o
Operating expenses rental and 10000,
taxes 1,20S,S22 65
Ess SaTn on the present issue of '-' "
bonds and the $500 O0O War
rem and Franklin II. r. bonds 22o5oo 90
Surplus for the six months s12l,42O rs
CHI ALLEN,
President w. n. Y. & P. f. r. Co.
CITY AND County, OF NEw.YoRK. }SS
On this 9th day Of April. A. D. 1883, before me per
sonally came c. H. Allen, to personally known and
known 20 mo to be the President OF the Western New
been duly sworn, said that the foregoing statement
signed by him such President is true.
(Slgned),
EDw B. HAWKINS,
(scal) Notary Public, N. Y. City and County.
Referring the prospectus signed by the Presi
dent OF the Company, and on behalf Of Syndicate we
offer s7,7OO 600 Bonds for public subscription
simultaneous will be made here and abroad By
the following firms:
Deutsche EfTecten and WechseI Bank,
FRANKFURT-ON-M MAIN
Messrs. JOh. Coll & Soehne,
FRANKFURT On MAIN
Anglo Deutsche Bank,
HAMBURG.
Messrs. H. Oyens & loren,
AMSTERDAM
Societe de Credit Suisse,
ZURICH
Messrs. Zahn G. Co.,
BasIer Bankyerein,
Baser Deposition Bank,
BASEL
Messrs. Marcuard & Co.,
Esssrs. De Pury & Co.,
Banque de Mulhouse, ..
Messrs. {. W. Clark & Co.,
PHILADELPHIA
Messrs. E. Rollins Morse & Bro,
BOSTON.
Bank of Commerce,
Thus securing fer the Bends an international market
SUBSCRIPTIONS FOR THE ABOVE BONDS WILL
BE RECEIVED AT THE ORFICEs oE THE UNDER.
SIGNED ON
APRIL 2J AND 20
AT THE PRICE OF % AND ACCRUED INTEREST,
THE RIGHT BEING RESERVED TO ADVANCE
THE PRICE WITHOUT NOTICE AND TO REDUCE
OR REJECT ALL APPLICATIONS OFFERED
Form. Of tho Bond copies OF the Mortgage BE- OBJ
taned on application to the undersigned
Bonds are now ready for delivery.
Dated April 81 1883
MAITLAND, PHELPS & CO.,
NETWORK
KESSLER & CO.,
NEw-YORK.
IRHraH AND wILKKsBARRE COAL COMPANY, |
iIBERTY'sf. NEW fosk Aprl 10 1883 |