New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-05
financial.
n6V.Yolk, Ontario
Western Railway Co.
ISSUE OF $2,5OO,OOO.
CONSOLIDATED FIRST MORTGAGE 5 PER CENT
FIFrY-YEAR GOLD BONDS
At 81 per Cent.

Ncssr. POOR GEEENOUGH are authorized TO re.
ceNe subscriptions for the above Bond In denominations
OF el,o0o $50 each bearing coupons lst Of
June next Subscriptions payable follows Ten
per cent allotment and the remaining 81 per
June l5 1889 Npcctshl receipts signed by the Rail.
way Company Will b. given to sllottees payment OF
the FIRST nsamcnt and dhnItye bonds will b. exchanged
for these receipts when full paid after June ID.
TheSr BOMBS issued for the purpose OF paying for
the under construction, OF the outa-io
Railway system into the anthracite coal fields near Scrsn
ton AMI providing the needul equipment and they are
secured Dy consolidated ars' mortgage upon ttn entire
main lnr brlnche' equipment and property OF the New.
rorK, Ontario ard Western Railway Company, including
deposit with tho OF this mortgage OF all the
Is 90 900 Of securities except % 300 OF stock retained
Tor thr purpo.e Of organiraon created on the a'or2.
said Scanton "A'anson which is known ~ the ontaHo'
a;boadllr ana Serlnt, Railway Company.
The phySca. condition aud prospects OF the railway
fully forth a letter from the President OF the
Company. from which the following are extracts:
The system extends from oswego, Lake Ontario,
10 uicwster at New.York Harbor, and connects BY
OF it, branches ana leased lines with various i'm.
portrait points"
Til Company 800 miles OF main line and branches
has 81 miles OF leased Lines and valuable rackage rights
50 miles % the West Shore Railroad Newly ork
II Dor about two hundred years, making total mile
worHed by engines 424 miles. The Company has
also for hundred yars the right N use all the
West Shore Railroad terminals and connecting facilities
~ N"w.York City
"NN''
September sss. cquaed - 262 per mile Of road owned
The hr'' years ending Both September. 1893, show q
surplus credit Of profit and loss OF 1896 556 which
sum has been expended In betterments.-
The tonnage OF anthracite coal shipped from the
Wyoming basin o; which Scranton the centre amounted
In year 1898 20 900 900 Of and the consrue
ton branch Of 81 = mics from Hancock station
the main line will the New.York Ontario and
we,trn Railway VITA Scranton AMI will open up
the following markets for anthracite coal;
Buffalo and the West via ala, the junction with
the SeN-TDrA Central, the mileage the New York
Ontario AMI Western system icing 100 miles.
.. Thu Nrw.E ENGLAND .atcA, via the bridge
the Hudson River o. PouHhAe"psei our mirage bling
li2 miles.
3 N.w.YorK Hsrb1- over main line; mile
age fsoGr scranton being 2lO niles
1. Cara snd a.. West The Rome, Watertown
and OS1,n -buFg over the Canadian Pacific and The
Grand Trunk Railway OK Canada"
Contracts 'or a large Goa have already been
secured sufficient Justify tn" building Of the cN
sn-,on. and assure fair surplus interest
upon tn" capital required for - construction those
alreai ~ s.gn"l exceeding half million p"r annIu."
the proceed, ~ prHsent OF bonds viii De
app:ri EXCLUSIVELY to the purposes above sta'ct"
THOMAS +. FOWLER,
President New.York. Ontario and Western Railway.
Application vii be made for a quotation at the New
York Stock Exchange.
Simultaneous OF these bonds Is made in London
by Mo>srs. stTTERTHwAITE & CO.. and M.ssrs
FOSTER & BRAITIWAlTE, thu, securing
trua onII mlrkc' The sub,cript LIST will bA closed
on Or before Wein,- lay. Nav sh. ProspeCIuses auI
forms Il application may b" obtained OF tn undersigned,
POOR & cREENoUcH,
81 waust New.York
Nrv.Yorx Nav 81 1850