New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-22
financial.
Western New-York
Pennsylvania R. R. Co.'s
First Mortgage
Per Cent.
Fifty Year Bonds.
Issue of 100000.
Total Amount Of Mortgage
sIO,OOO,OOO.
Tho MERCANTILE TRUST COMPANY q Nsv.Yorr.
Bonds $1,000 sso with coupons attached and privilege
registration.
DATED DECEMBER list, 1887.
Principal and Interest Payable In Gold.
FREE FROM TAXES.
PRINCIPAL DUE JANUARY Ist, 1897.
Interest Payable January ist and
July 1st, at the Company'S Office,
New-York City.

NeW-York City.
BONDS CANNOT BE Redeemed
BEFORE MATURITY.
These Bends are issued In pursuance Of the Buffalo,
New.York and Phlsdclphia Reorganization Agreement
dated Feb IT, 1885, and authorized BY the unanimous
vote Of the stockholders Of the successor company INC
Western New-York and Pennsylvania Railroad Company
SI,SOO.OOO Of the Bends reserved for better.
and for the purchase construction OF additional
railroad other property which viii under the
Mortgage and the remainder $500 900 additional Bonds
reserved take up provide for like amount OF tho
Warren and Franklin Railroad Company's Bonds maturing
In 1898.
These Bonds srs First Lien upon the Railroad and
Franchises OF the Western NewYork and PennsJlvania
Railroad Company owned which may be acquired
hereafter except about 80 miles formerly the Warren and
Franklin Railroad; also First Lien upon all rolling
Stock equipment acquired By the sale Of the First
Mortgage Bonds reserved above mentioned for that
purpose and Second Lien upon all oer rolling stock
and equipment and upon the Weseern New'fork ana
Pennsylvania right the property Of the Union
Terminal Railroad Company Of Buso N. Y. also upon
Bonds and Stocks belonging the Western New York
and Pennsylvans Railroad Company, which said com
pany's Second Mortgage IL First Lien. but with the
right reserved 10 the First 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
FRS. Lien Including the Warren and Franklin road
stands at over $50, 900 900 the books Of the old
company.
The through the lumber coal and oil regions
NewYork and Pennsylvania and its business
steadily increasing, having been undeveoped owing 70
the want Of suHeient rolling stock Fifteen new ocomo-
ves and 1000 have recently been purchased at
Of $780, 900, and will shortly all Be In opera
ton property The plant and equipment are 10 good
condition. the receiver reports that hee has been eI
pended thereon nearly 100000 during his administration
and that wooden bridges replaced with ron iron rails
with stee trestes allied In, and numerous improvements
introduced to prevent washouts and slides New sdings
constructed and Of the old locomotives and
rebuilt
In accordance with the reorean.s plan the floating
debt Of old company has been settled tho
paid or and the real estate mortgages
provided The company holds real estate consid
cradle which 10 used in the operation Of
also s4s5ooo second mortgage bonds reserved
treasury additional assets thus leaving liens
the property but the nrs and second mortgage bonds
The line road which is covered by this mortgage
tends from Buffalo, N. Y. 10 Emporium Penn. with .
branch 70 Clermont Penn. also from Buffalo, N Y, 10
olean, N. r. via OIL City. Penn. and other Lines and
brsnches making total OF o37 miles upon which this
First Mortgage for s1o, 900 is At the rate OF
sbent e13, 500. 900 per mile
Tho company has running arrangements, for which
rental IL paid about 80 miles Of road owned by tho
Lake Shore Michigan Southern and the Philadelphia
and Erie Railroad Companies.
The gross and earnings for the six months ending
December 81, 1851 According the books OF this
psny, are as follows:
Operating eApenses rental snd ,o.oaoo.,
tAcs l-@Ocbo-z %
i Int Sas1t or the piiescn. Issue Of
bonds and the $500 900 War -
rem and Franklin r h bonds 900, 500 10
Surplus for the six months . s12l, APO rs
(Slgned),
CT ALLEN.
President W. N. Y. & P. r. h Co.
STATE OF NETWORK, Il.
CITY AND COUNTY OF NETWORK. j'~
On this 9th day Of April. A. D. 1888 before me per
sonslly G. II. Allen TO personally known and
known 10 be the President OF the Western New
York and Pennsylvania Railroad Company and, having
duly sworn. said that the foregoing statement
signed by him such President is true
EDw. b. HAWKINS,
(seal) Notary Public, N. Y. City ana County.
Referring the above prospectus signed by the Pres
dent OF the Company. and behalf OF Syndicate
offer the above s77ooooo Bonds for public subscription
Simultaneous issue win be made here and abroad by
the following firms:
Deutsche Efecten and WeChse Bank,
FRANKFURT.ON-M MAIN
Messrs. IOh. Coll & SOehne,
FRANKFURT-ON.MAIN
Anglo Deutsche Bank,
HAMBURG
Messrs. H. Ovens & Zo1en,
Societe dc Credit Suisse,
ZURICH
Messrs. Zahn & Co.,
BasIer Bankverein,
BasIer Deposition Bank,
BASEL.
Messrs. Marcuard & Co.,
Messrs. De Pury & Co.,
NRUPCHATEL.
Banque de Mulhouse,
MULH0UsE.
Messrs. {. W. Clark G. Co.,
PHILADELPHIA
Messrs. {. Rollins Morse G. Bro,
BOSTON.
Bank of Commerce,
BUFFALO,.
Thus securing the Bends an international martst
SUBSCRIPTIONS FOR THE ABOVE BONDS WILL,
BE RECEIVED AT THE OFFICES OF THE UNDER
SIGNED ON
APRIL 2J AND 20
AT THE PRICE OF % AND ACCRUED INTEREST,
THE RIGHT BEING RESERVED TO ADyANIE
THE PRICE WITHOUT NOTICE AND 10 REDUCE
Or REJECT ALL APPLICATIONS OFFERED
Forms Of the Bend AMI copies of Mortgage can bs OBJ
taised on application TO the undersigned
Bonds are now really for delivery.
Dated. April a. 1854
MAITLAND, PHELPS & co,
NETWORK.
KESSLER g. CO.,
NETWORK.
FRANK c. H0LLINS & CO.,
BANKERS,
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