New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-23
BONDS CANNOT BE Redeemed
BEFORE MATURITY.

BEFORE MATURITY.
These Bends are issued in pursuance of the Bunalo.
New-York and Philadelphia Reorganization Agreement
dated Feb IT, 1885, and authorized by the unanimous
vote Of the stockholders Of the company the
Western New-York and Pennsylvania Railroad Company
S1,5OO.OOO OF the Bonds reserved for better
ment and for the purchase construction OF additional
Mortgage and the remalnder 100000 additional Bonds
reserved TO up provide like amount Of the
Warren and Franklin Railroad Conpanys Bonds maturing
In 1896.
These Bonds are q First Lien upon the Railroad and
Franchises OF the Western NewYork and Pennsylvania
Railroad Company owned. which be acquired
hereafter except about 90 miles formerly the Warren and
Franklin Railroad; also First Lien upon all rolling
Stock or equipment acquired by the sale Of tbs First
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 the property Of the Union
Terminal Railroad Company. Of Buffalo. N. Y also
the Bonds and Stocks belonging Western New.York
and Pennsylvania Railroad Company, which said
pany's Second Mortgage is First Lien, but with the
right reserved to the First Mortgage Bondholders to
the equipment and the terminal property though the
prior lien thereon should be enforced
The cost Of the property which these bonds q
First Lien Qncluding the Warren and Franklin road
stands at over $50. 900 the books Of the old
company.
The passes through the lumber coal and oil regions
Of Western New-Yerk and Pennsylvania and business
Is steadily increasing having been undeveloped owing
tho want OF sufficient rolling stock Fifteen ocomo-
tvos and 800 have recently been purchased
cost of over s75oo0o and will shortly al bo In opera
ton the property The plant and equipment In good
condition the receiver reports thai there has been
pended thereon nearly $500 900 during his administration.
and that wooden bridges replaced from
with STEEL trestles filled IN and improvements
introduced to prevent sldes New sidngs
have been constructed and many of the old locomotives
cars rebuilt
In accordance with the reorganization plan the floating
debt Of the old company has settled
have been paid and the real mortgages GAIA
provided for. The company holds estate q consid
cradle OF which is not used in the operation OF
road also $4,000 second mortgage reserved
in tho treasury as additional assets thus leaving liens
property but the first and second mortgage bonds
The line OF road which Is covered by this mortgage
tends from Buffalo, N. z, 70 Emporium Penn, with
branch to Clermont Penn. aso from Buffalo, ~ T., to
olean N. Y, via OIL City, Penn. and other lines and
First Mortgage for $4,000, 900 is at the rate OF
about SI5,50O,O0O per mile
The company has running arrangements, for which
rental paid over about 80 miles road owned by the
Lake Shore and Michigan Southern and the Philadelphia
and Erie Railroad Companies.
The gross and earnings for the six months ending
December 81 1897 according the books Of this
pany, are as follows:
Gross -. s1,55O.74s4o
taxes 12os, 800 e5
Interest on the present issue of
bonds and the $500, 900 War, moo .oo ~
rem and Franklin r. r. bonds p2o,6oo 90
Surplus for the six months s121, 400 rs
CHI ALLEN,
President W. N. Y. p r. r. Co.
CITY sT TIT o OK NEy oS ENKEw.YoRK 3ss
On this 9th day of April. A. D. 1855, before me per
sonaly came @. H Allen, 10 me personally known and
10 be the President OF the Western New
York and Pennsylvania Railroad Company, and having
been duly sworn, said that the foregoing statement
signed by him as such President Is true.
(signed).
EDw. b. HAWKINS. |
(seai) Notary Public N. Y. City and County
Referring the above prospectus signed By the Presi
dent Of the Company, and behalf Of Syndicate. we
above s7.7ooo00 Bonds for public subscription
Simultaneous will be made here and abroad BY
the following Arms:
Deutsche Effecten and WechseI Bank,
FRANKFURr.ON. MAIN |
Messrs. Job. Coll g. Soehne,
FRANKFURT ON-MAIN
Anglo Deutsche Bank,
HAMBURG.
Messrs. H. 0yens & zonens
Societe de Credit Suisse,
ZURICH
Messrs. Zahn & Co.,
BasIer Bankverein,
Basler Deposition Bank,
BASEL
Messrs. Marcuard & Co.,
Messrs. De Pury & Co., o,.r,,
Banque de MulhOuse, ousv
Messrs. E. W. Clark & Co.,
PHILADELPHIA
Messrs. E. Rollins Morse & Bro,
BOSTON
Bank of Commerce,
rhus securing for the Bends international market.
sURsCRIPTIONs FOR THE ABOVE BONDS Will.
RI RECEIVED AT THE OFFICES on THE UNDER
SIGNED ON
APRIL 2J AND 90 !
1T THE PRICE OF % AND ACCRUED INTEREST,
THE RIGHT BEING RESERVED TO ADVANCE
rae PRICE WITHOUT NOTICE AND TO REDUCE
Dir REJECT ALL APPLICATIONS OFFERED.
Form, the Bend copies OF the Mortgage can be
ali ed n application TO the undersigned
Bonds ready for delivery.
Dated April 81 1883
MAITLAND, PHELPS & CO.,
NETWORK
KESSLER & co.,
NETWORK.
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