New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-11
CENTRAL RAILROAD
BANKING COMPANY
GEORGIA.
Due March 1, 1929.
INTEREST PAYABLE MARCH 1 AND SEPT IN
NETWORK.
THE CENTRAL TRUST COMPANY OF N. Y
TRUSTEE

The Savannah and Western Railroad Company was or
ganzed July l. 1885, by the consolidation under the laws
OF Georgia and Alabama OF the following companies being
auxiliary lines and branches OF the Central Railroad sy
TEN: The Columbus and Western Railway Company. the
| East Alabama Railway Company the Euisula and Clay
ton Railroad Company, the Columbus and Rome Railway
Company, the Eufaula and East Alabama Railway Com
pany the Buena Vista and Elavile Railroad Company
the Savannah and Columbus railroad Company. and the
Savannah and Western Railroad Company.
The road now finished and in operation comprises line
from Americas Georgia. via Buena Vista. Columbus
Opeika, and Chdersburg to birmingham, total distance
OF 2f0 2-10 miles; branch from Opellka 10 Roanoke
81 miles; branch from Columbus Greenville.
gauge so miles; line from Euaua to Ozark. 81 miles
total road completed and in operation, 367 miles.
The Savannah and Western its proportion Of
rolling stock
The bonds offered first lien, subject only to
the following outstanding bonds:
LIST 100000 Columbus and Western Railway bonds,
due June, 1911, prior lien the road from opelika TO
Birmingham.
ID. 100000 first mortgage Columbus and Rome
Railway, the line from Columbus to Greenvllle.
equal OK the Savannah and Western bonds
IS reserved in the hands of the Trustee for retiring the
above mentioned outstanding liens at maturity. and
sufficient amount is also reserved to broaden the
OF the line from Columbus to Greenve.
In addition 10 the foregoing $3.50, 600 bonds have
been reserved OF caution for proporonate amount
bonds OF the Western Railway OF Alabama due October,
1890 covering about 20 miles Of road OF the Savannah
and Western T. r. Co.. above amount having already
paid the Western Railway OF Alabama by the
Savannah and Western r. r. Company and the former
company having assumed the payment thereof principal
and Hterest)
The mortgage covers the entire property OF
pany including It's equipment, terminals &c. acquired
hereafter to be acquired
Tho total issue authorized by mortgage limited
$4,000 per mile OF railroad actually constructed,
equipped and in operation.
The capital stock OF the Savannah and Western Railroad
by the Central Railroad and Banking Company
OF Georgia
The payment of the sJ00O.OOO offered for sub.
scpuon is guaranteed principal and interest," by the
Central Railroad and Banking Company Of Georgia, the
guarantee being Endorsed on each bond.
The Central Railroad and Banking Company Of
Georgia is OF the oldest railroad companies in the
United States, its charter dating from 1888. Since 1912
has TO stockholders 407 per div
dends Of about cont annum; and al
though practically destroyed in the last OF the
war; has wenyour since rebuilt itself and paid
stockholders hundred and eighty-nine per cent
IN dividends without increasing its Indebtedness per mile
above capitalization before the war. The system
as whole IS paying per cent dividends and expanding
a large sum in betterments yearly
The last annual statement dune 30 1881 Of the Cen
tra RailIoad system shows:
Gross earnings ................-."... S3,32O175 IS
Expenses:
Operatin g and
taxes ............... S2401,7 81
Bettermens and ad-
dl.ions to property 3O9,451 60 2s01,25, SO
Net S271S,920 ~
Fixed charges:
Interest on bonds. Ss3J.017 30
Interest loans. 2j,6lo 81
Rental Of roads. 459,3S7 90
Interest certih-
Gates Of indebted
ness confinement. 100000 90 s1,594,O25 OS
r Htyrs c OF INcoME OVER $l,l24,S95 10
Disposed Of follows:
Dividend, D. Co.. s60O,UOO 90
Advanced Georgia Il
II. one-haf deficit
in lcase..-..-....---. 3,f53 IL
Sinking fund.- Mont
gomery EufauIa
Railway ............- $4,000 90
Sinking fund Ocean
5. s. Co........... 10000 90 S71S,453 FL
Surplus s4O6.441 81
Surplus last 239,I7J Is
Present surplus S6i5.6I7 I3
The bonds coupon bonds, IN denominations OF
81 900. payable bearer with provision regstr
ton OF the principal.
Application for official listing OF the
bonds on the New.York Stock Exchange.
Copies OF bond mortgage may be examined at our
Offices.
HAVING PURCHASED THESE BONDS FROM THE
CENTRAL RAILROAD AND BANKING COMPANY OF
GEORGIA WE NOW OFFER THEM FOR SALE.
SUBSCRIPTIONS WILL BE RECEIVED FOR THE
ABOVE BONDS UNTIL O'CLOCK F. NJ. TO-DAY
At TIE PRICE OF 1Ol lie AND ACCRUED IN
TEREsT.
ALLoTMENTs Will BE MADE AS SOON AS
PRACTICABLE AFTER july II. AND THE BONDS
WILL BE READY FOR DELIVERY UPON APPLI
CATION AFTER ALLOTMENT.
THE RIGHT Is RESERVED TO REJECT ANY PRO.
POSALS. TO REDUCE THE AMOUNT TO BE
AWARDED THEREUNDER OR TO CLOSE THE SUB
scRn1IoN ON ANY DAY WITHOUT NOTICE
II . UCITIMC m