New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-26
Western New-York
Pennsylvania R. R. Co.'S
First Mortgage
5 Per Cent.
Fifty Year Bonds.
Issue of 100000.
Total Amount of Mortgage
sIO,OOO,OOO.
The MERCANTILE TRUST COMPANY Of NevYOrf
Trustee.
Bonds 81 900 esch with coupons attached and prvlsEso
registration.
DATED DECEMBER list, 1887.
Principal aud Interest Payable ia Gold.
FREE FROM TAXES.
PRINCIPAL DUE JANUARY LIST, 1897.
Interest Payable January ist and
July 1st, at the Company's Office,
NeW-Y0rk City.
BONDS CANNOT be REDEEMED
BEFORE MATURITY.


These Bends are issued in pursuance OF the Buffalo
NewYork and Philadelphia Reorganization Agreement
dated Feb L. 1885, and authorized by the unanimous
vote Of tho stockholders of the company the
Western Ncw-York and Pennsylvania Railroad Company.
S1,3O0OOO OF the Beads are reserved for better
cnts and for the purchase construction OF additional
railroad other property which will under the
Mortgage and the reDslnde s500o 900 additional Bonds
are reserved to take provide for like amount OF the
Warren and Franklin Railroad Companys Bonds maturing
In 1896
These Bonds arr a First Lien upon the Railroad and
Franchises tho Western New-York and Pennsylvania
Railroad Company owned. which may be acquired
hereafter except about so miles formerly the Warren and
franklin Railroad also First Lien all rolling
Stock or equipment acquired by ths sale of the First
Mortgage Bonds reserved above mentioned. for that
purpose and Second Lien all other rolling stock
and equipment. and upon the Western New.York and
Pennsylvanias hight to the property Of the Union
Terminal Railroad Company, OF Buffalo. ~ Y. also
the Bonds and Stocks belonging 70 the Western NewYork
and Pennsylvania Railroad Company which said COM
panys Second Mortgage is First Lien but with the
right reserved to the First Mortgage Bopdhoders 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 q
First Lien Including the Warren and Franklin road
stands at $4,000, 900 the books Of the old
company
The road passes through the lumber coal and oil regions
Of Western New York and Pennsylvania and Its business
Is steadily increasing having been undeveoped owing to
tives 500 recently been purchased at
cost Of s76o0oo and will shortly all be in opera
ton tho property The plant and equipment are In good
condition. the receiver reports that there has been ex
pended thereon nearly $500 900 during bis administration,
and that wooden bridges replaced with ron iron rails
with STEEL treses allied In and numerous Improvements
introduced 10 prevent washout and slides New sidings
have been constructed and Of the old locomotives and
rebuilt
In accordance with the reorganization plan floating
debt OF the old has been settled tho car trusts
have been paid on and the real estate mortgages 4140OO
provided for. The company holds real estate, consid
cradle in the operation Of
the road also s4960c0 second mortgage bonds reserved
in tbs treasury additional assos thus leaving liens on
the but the first and second mortgage bonds
The line Of road which is covered by this mortgage ex
tends from Buffalo, N. Y, to Emporium Penn, with
branch to Csrmont, Penn. also from Buffalo, N T., to
oean, N. Y. via OIL City, Penn, and other lines and
branchea making total OF os7 miles upon which this
First Mortgage foe 100000 is at tho rate Of
about $4,000 per mile
The company has running arrangements for which
rental paid about SO miles OF road owned by tho
Lake Shore and Michigan Southern and the Philadelphia
and Eric Railroad Companies
The gross and earnings for the six months ending
December 81 1857, according TO the books Of this COM
pany are as follows;
Operating expenses. rental and ooo 600 AZ Il
f ESs ssaat on the present issue of ''-
bonds and the $500, 900 War .
and Franklin Il. p bonds 2O,oOO 90
Surplus for the six months el21,42o rs
(Signed.
c. H. ALLEN,
President w. N. Y & P. r R. Co.
STATE OF NETWORK, }ss
CITY AND COUNTY or NETWORK. ~
On this 9th day of APRIL A. D. 1888, before mo per
sonally came c. H. Allen to mo personally known and
known 10 be tho President OF the Western New
York and Pennsylvania Railroad Company, and. having
boen duly sworn, said that the foregoing statement
signed by him as such President is true
Csigned).
EDW B. HAWKINS
(Seal) Notary Public, N. Y. City and County.
Referring the above prospectus signed by the Pres
dent OF Company, and behalf OF Syndicate, We
offer the s77oo000 Bonds for public subscription.
Simultaneous will be made here and abroad by
the following firms:
Deutsche Ehecten and WeChseI Bank,