New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-21
BONDS CANNOT Be REDEEMED
BEFORE MATURITY.

Inese Bends are Issued In pursuance Of the Buffalo,
New-York and Philadelphia Reorganization Agreement
dAed Feb 10, 1885, and authorized by
vote OF tho stockholders successor company the
western NewYork and Pennsylvania Railroad Company
sI'oOo,OoO OF the Bonds reserved for better.
ments and for the purchase construction Of additional
railroad or other property which will come under the
Mortgage, and the remainder 100000 additional Bonds
are reserved to ako up provide amount OF the
Warren and franklin Railroad Companys Bonds maturing
IN 1896.
These Bonds q First Lien upon the Railroad and
Franchises OF tho Western New-York and Pennsylvania
RAILROAD Company now owned. which may be AGO ured
hereafter except about so miles formerly the Warren and
FRANKLIN Railroad; also First Lien upon all rolling
Stock or equipment acquired by tho sale OF the First
Mortgage Bonds reserved above mentoned for that
purpose and Second Lien upon all oher rolling stock
and equipment, and upon tho Western New-York and
Pennsylvanias right to the property OF the Union
Terminal Railroad Company, OF Buffalo. NJ Y also upon
the Bonds and Stocks belonging the Western Ne-York
and Pennsylvania Railroad Company, which said com.
panys Second Mortgage ls a First Lien but with the
right reserved the First Mortgage BOndhoders 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 over $4,000, 900 the books Of the old
company. .
The road through the lumber and oil regions
OF Western NewYork and Pennsylvania and its business
Is steadily increasing having been undeveoped owing to
ves and 15oo have recently been purchased at
cost OF $780, 00o and will shortly all be In opera.
ton on the property The plant and equipment in good
condition; the receiver that there
pended thereon nearly $500 during his Administrations
and that wooden bridges replaced with ron iron rails
with STEEL trestles filed In, and improvements
introduced 10 prevent washouts and slides New sdings
have been constructed and many Of the old locomotives and
rebuilt:
In accordance with the reorganization plan the floating
debt OF old company has been settled the
been paid and the real estate mortgages (s41000
provided for The company holds real estate, consid
cradle which not used in the operation Of
the road also 496000 second mortgage bonds reserved
in the treasury additional assets leaving liens on
the property the first and second mortgage bonds
Tho road which Is covered by this mortgage
tends from Buffalo, N. Y, to Emporium Penn, with
branch to Clermont Penn, also from Buffalo, n. Y.
olean, N. Y, oil City, Penn, and other lines and
branehes making total OF 637 miles upon which this
First Mortgage for s1o,0 10000 Is at the rate Of
about 81 ., 100000 per mile
The company has running arrangements, for which
paid about 80 miles of road owned by tho
Shore and Michigan Southern and the Philadelphia
and Erie Railroad Companies.
The gross and earnings for the six months ending
December Al 1887 according the books this
pany, are as fouowsi
Operating expenses. rental and $4,000, '-''
taxes A-00'0-- W
Net earnings ss41, 900 rs |
ST. 700 900 first mortgage
bonds and the $500, 900 War ,.oo -oo oo |
and FRANKLIN r Il bonds. ZZO' oOV w |
Surplus for the six months - s121. 42o 70
(SIgned),
O. H. ALLEN,
President W. N. Y. P. r. r Co.
STATE OF NETWORK, 81
CITY AND COUNTY OF NEW-YORK.)
On this 9th day Of April A. D. 1888, before me per- |
sOnaly came O. IL Allen, to me personally known ana
known to me TO the President Of the western New
York and Pennsylvania Railroad Company, and, having
been duly sworn, said that the foregoing statements
signed by him such President Is true
(Slgned),
EDW D. HAWKINS
feeolA Notary Public, N. Y. City and County.
Referring TO the prospectus signed by the Pres
dent Of the Company, and on behalf OF Syndicate We
offer the above s77OO00o Bonds for public subscription
Simultaneous issue viii be made here and abroad By
the following firms: