New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-03
finanrial.

February 18th, 1890 oVV W OF Of II
ai-o2o 90 a2iO 9
The interest Is on a Inc Of January and i g in each
gold nnySsSie AZ the Companys oces So wa-st New
Y ,.9,ss and cn q &c Is; 's q Saeua
'A' Tss bonds may paid for in M allotment and IN
s sSSSstaa apt to priority Of agpsa,lGa
oonel Stephen Van Rensselaer, Cruger director Illinois
u,,,,S Man Esq Of Mcssrs a. p. W. Man. So Wall
"''n' ST and 50 Pine.s,.. New.York.
" ~ DIRECTORS:
Thomas c. Hoge, Esq. Pres dent Sc wast New-YoIk
j. baxter upAaG mo- p0nfNly ee
aIs ESstcnS. s. wali.st, New:Y5rG
sznasr Van Ran..sc h q o %f S%T5S
y Fenwiek TaylO1 ESQ., ia Gis'heeii NIit, Flohda
+ 5,m %s e. 6ardnsi Esq 100 Broadway, New-YOrk.
BANKERs
YewYOrk Merchants National Bank AZ wail.st
BROKERS
Eew.YOrk-Messrs Miller Doubleday A and 40 wall-st
SOLICITORS:
Messrs. ALBION P & ". Man, 81 Wall-st, NewYork.
OFFICES
w and 50 MswYOr and ogs ao Florida
o. Which about Gne %Sa nN hda n1n dSl
The eOnds paJa0e both principal and interest," in
h railway opens az sAfney rich and aracdye P
and transportation nofthward and noriSweseriy Owing
the dculy OF conveyance. the natural resources OF this
region been scarcely drawn The eaTe route Is
through portion OF the state. the land being con
@ S hs an1 po%e rhS n lG On sne &
railway for miles in breadth is capable of yielding highly
The total length Of the line is 24O miles which 59ls
miles more are be constructed the eaihworEs being
partly done 50 that the whole 30 miles can be finished and
4 Pslaka The nor!Rsssten terminus, it viii connect
yss ss v ana s nSnEl 9nn S4 wb t
Railway
also with thu Aston Railway to ST Augustine also, with
eas, side Of St. Johns Riyci The line viii also have
rasha hs D S MET x nj
% Ho@osassa and from thence southcTy to Muct KEY
from 0cala to the Gulf coast at Homosasa being
connections to all points northeast ana northwest and also
with the Southern Lake region and the interior OF Southern
oap t the PRINCIPAL city Of Marion ion County Which is
sCSs1 mi, that sab the g4P 6s daya. n
rsmarkabe for the character and variety OF its attractions
and from It's situation t must inevitably become po only
important centre Of business and trste TO- the middle
vast regions Of untouched pine nterspersed VIII ham
ncckS Of oak magnolia bay 9nd pflmcti} which eo o
he rcd cedar H." rapay incieaNng IN VauT ns
TIE alubrty Of the climate and the productveness Of the
These Bonds arc secured by first and only MORTGAGE
Of the entire railway with its eounmen fTanchses &C.
thousand dollars Of Bonds be issued per mile OF COM
The railway has special subvcntlon (or land grant
lands Florida 10 the amount ten thousand acres
sether contiguous to line includes special
TSis tct srap,ng the laSi provides That all Of the
lands granted by this Act or their proceeds shall be aP
nfS hs &%y acseiS@cy y?S and
S1y is made eGa S by Rf right a 0 n Se
amount Of 100000 acres win lie received when the $40
Forids has areSdy conveyed eTed the company
sed 70 about $50 coo acres more (Which Is in process
ssscS for the mssg sady s TS%a of the
United States including the narrow gauge lines, s25 e
Per Poor % Ssn S@a isss Tas Of nrodVco and as th
line has but s15 600 per mile Of bonded ara
and in locality where from natural causes The products
q he S gye than mpfa 'I9' the sPa
5 OF be saMay aienc woua compare favoy
with those Of the average of other railroads in the United
addition he @ , Of the rs snSsg is S SSu Sc
subyentiOn or land grant q which 900 aGS & @ 2
acres per mile Or any usod po ion thereof being also
liable 70 the bondhoders in case Of any default nil,
to e e and h he bonds and the
p s s:sP a a' saG on
will yield money than The total amount Of both TIE
sSmpeted as the lands arc reque due proportion
The total subyenon land grant Is two millions four our
h STes pce at which the U6e States Government SELF
is landha is TO say at = 20 an acre tae proceeds ~
ion dollars Of bond; ag;hoed to , be issued 55 NE
Il is known thaJ an tS nlst MORTGAGE Bonds
,on ny1 Secured By subyentons have ali
3s Dee and laS Is 5 SSJ pt Sa i on or pro o
sy hs Bonds secured BY boh railway NIX h, and and
and State Governments is against further grants Of land
Tss 5tsl mileage Of all the railroads Of the United
s ss: s I'd N clos: S the sSss
wide POors Manual 1883 PAGE Of Introdpction, that
teuding even those OF narrow gauge, was S22S7 per
Tn, interest the nr Mortgage Bends S o. this i;o line
cannot exceed $500 mile ana when inc whole he S
nsthId Of thu amount Of the average net earnings OF
Competent authorities expressed their opinion that
mss ana that s ayc u HSl s sne alone the general
!ltfc alone through tra1c alone would either Of
rad and II tSe a ~ ana large development which
on Of business viii hot only make this in all respects
Paying road but viii tsx les powers Of egs Of
ne n0s Ce9.r% Ragosd h from ss 70 dS s to
Personal Examination Rs Of =" the H Of this aud
euOus territory and his extended report thereon can be
o a S e NE The fcS OF inc O passphs are
sS s,s f sEafqF ssS be sDS %s
las 70 the value Of your en;erpsg ard 6fe ,nu
Ss SS TO hs He9s Of al ~, borones
ms1nsr n which me zine constructed are ofcIal
Stat Florida senste Chamber Tallahassee May 1889
president Silver spnagsc ocaa and Gulf Rail-
'56. Wall Street. Now.Yofk
"Dear sr,I take pleasure in repeating to you what
& debse IN senate hab SnS Of ny State eu .ha
TIC Silver springs OCala Gulf Railway IS wthou.
doubt the best constructed and equipped railroad in the
STATE OF Florida.
GAS Flor.dian feel great personal pride IN the rail
md slider honor the knowing
how honestly and thoroughly this has been
done it will always give sincere pleasure so
testify whether in this senate Chamber or elsewhere.
"(Signed) JOHN +. DUNN"
Tallahassee, Florida May, 1858
president Silver Springs, ocaa and Gulf Rail
road Co,
SO Wall Street, NewYork.
Dear Sir
As State Engineer duly sppolned 20 report on The
construction OF the Silver Springs. Ocla and Guf Rail
road ! made thorough and exhaustive examination OF
sre 80 miles thereof IN December, 1883. and TAKE
pleasure stating found this 10 b. the best built