New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-21

THE CENTRAL TRUST COMPANY OF NETWORK
TRUSTEE:
Tho Union Elevated Railroad Is leased pnd operated
by the Brooklyn Elevated Railroad tho two companies
forming one system known as the Brooklyn-U Union.
OF this system. the Broadw; section 70 WILLIAMSBURG
Ferry. 270 miles and the lower Myrtle-avenue section
| Les miles 10 the Bridge form the portion OF the union
Elevated Railroad Company already constructed and IN
operation. Tho Bifthaycnue line Greenwood Cemetery
$40 miles and middle Myrtle line 152 miles, are
In Of construction these sections, when com
plcted will give tho Union Company total mileage o.
023 mles Other valuable extensions projected The
mileage OF the entire system is II 30 miles and when
completed It viii extend about 10 miles Of road con-
Meeting with tho NewYork and Brooklyn Bridge ana all
| the prominent ferries
The Brooklyn Union system OF elevated railroads ira
verses the donsey populated and commercially important
section OF the city Of Brooklyn and Is rapidly developing
vast OF wen drained and cheap lands larger in
tent than the whole Of Manhattan Island furthest
point Of which is only about 3I.miles distant New.
York City Hall 1.-THE distance from tina; point i10hst
| in New York;.
| The New-York elevated roads upon completion in 1879
carried about 100000 passengers in 1897 they carried
about 17oooo,00o
The population Of Brooklyn (withou suburbs) has I'm.
creased in 80 years from 631,3S3 to 1884,
POO Tor ot the rate Of 70 per cent per decade Tho per-
centsge Of Increase greatest the upper wards traversed
by the elevated roads erection of dwelling house
continues In that quarter at remarkable In
years has been at the rate OF 1876 per cent per
| decade.
The klynUnion system OF elevated railroads al
though in its infancy and fer complete as yet al
ready earning than It's fixed charges with constant
Increase In gross earnings against worry insignificant IN
In operating expenses structure Of the Union
Elevated Railroad Is the best and strongest OF 81 kind
and is approved by the most eminent engineers.
The mortgage the entire property Of company
now owned hereafter be acquired including On ample
equipment, and Is limited 70 $3.50 COO par mile
The Union Elevated Railroad organized under the
supervision Of the law firms Messrs Hoadly Iautef
bach johnson, aad Messrs wlngatc q Cullen counsel
for the company The charter. franchise, mortgage and
bond have been examined Tor by Messr Eya Choate
Besman ana by other eminent counsel
Application has BEEN male for the Official listing OF
hese bonds numbers / 905 lhcusye) upon the New.
York Stock Exchange.
The bonds coupon bonds 81 900 each with bro.
vision for registration OF The principal
SUBSCRIPTIONS WILL d. RECEIVED BY THE
UNDERSIGNED FoRSI, 100000 rBENG THE
UNSoLD PORTION or THE ABOVE BONDS IRON
WEDNESDAY. JANUARY % AT 10 4. ~. UNTIL
FRIDAY JANUARY IS. At 3 r. NJ.
AT I05 AND ACCRUED INTEREST. AT THIS
PRICE THE INVESTMENT YIELDS NEARLY s I'd
PER CENT. PER ANNUM.
EACH SUBSCRIPTION MUST BE ACCOMPANIED
RY DEPOSIT or PER CENT. OF THE NOMINAL
AMOUNT SUBSCRIBED FOR IN CASH. on APP.
PROVED CHECK. ALLoTMENTs WILL ne MADE
UPON CLOSE or SUBSCRIPTIONS THE RIGHT Is
RESERVED TO REJECT ANY PROPOSALS TO RE.
DUCE THE AMOUNT TO BE AWARDED THERE.
UNDER TO CLOSE THE SUBSCRIPTIONS. OR TO
ADVANCE THE PRICE AT ANY TINE. WITHOUT
PREVIOUS NOTICE.
WE RECOMMEND THESE BONDS AZ A SAFE
AND DYSIR ARI,E INyrSTuFxr