New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-12

100000
Omaha Water Works
81
FIRST CONSOLIDATED MORTGAGE
GOLD BONDS,
ISSUED BIZ
The American Water Works Company,
$1,000 EACH.
Due July 1, 1907, Coupons Payable JanAary ana
July1.


.uh,.ct 10 advance without notice, tho above
mentioned bonds which have been issued to meet inc
cost Of extensions and largo additions 10 inc
Of tho company during tho year 1855, inauo'nS tne
building Of an entirely new plant, pumping sla1"'
settling basins ETC.. made necessary by tho remarE
able growth Of the city, and which provide tno "0
with sufficient capacity to supply popuiA"oh "a
four hundred thousand.
Those bonds viii make an outstanding issue OF
90 GOO 900, and are part Of an authorized loan Oh
a. ooo of which 800 900 held by The Farmers
Loan and Trust Company, NewYork, In hust 70
secure an equal amount of six Per oent bonds, wnch
arc first mortgage upon q portion only Of tho properly
The balance Of the authorized loan, VIZ Sl,oO0'
oO0 will be held by tho Farmers Loan and TrfSt Oon-
pany 10 most the cost Of additional extensions anu
improvements required IN future ysars, D" ."der
d, t.rss Of ne mortgage Of tsse bonds can DC "
d >,c,t 10 defrav he actual cash cost Of TIE Emprore-
ren, as tbey are made and 1nless ne net t"eone s
eys 10 pav ne t+ierest ne and all previously
| fsssied Bonds
The bonds issued under this mortgage have been
| listed at the New.York Stock Exchange, and mo
| amount now offered for sale VIII also DO listed.
Attention Is invited 10 the following ofneial sta'o
| ment: AVIAN. Ami 7 1880
GENTLEMEN Referring TO The bonds o. enis company
taken BY you 1 beg 10 submit the following 1'An0'
| IN regard to the city and company
me city Of Omaha has population Of iYoooo ~
eopared with 30 900 in $780, and f. Stil growing with
piied Is taken from the Missouri River an mfaSnng
source ana Is Of superior quality. The franchise 70
maintain operate these works in the caes OF oman"
and South Omaha Is perpetual ana tho present conSo
"a spply the cities with for nro purposes CONTINUE
until 1908 and 1904 respectively, and as Ts projection
is Indispensable ths contracts must be renewed .. ma
turty Thee contracts 10 tho past and Wi during
| the continuance Of the same, mako any eonpeei~ ,
h,. NOR ran The rzos Be reduced without the eonssnt
| Of the company Al tho present time tho smouns Pao
by the two cities for nrs service (Sbout LOO hJdran
IL At the rate OF upward Of 600 per anun ara ~ -
exDected thas this increased 70 $4,000 auns 'hS
/ year by the addton Of four hundred hydrAnn
AZ South Omaha are located some OF the aiss', -
and beef packing establishments In the UnltSa 49, 49,
South Omaha now ranking the third city IN tAe patS
businoss and IL IL only esy which has shoWn An IN
crease In industry during tho past year Inc quAh
Of water required By these establishments VIII Nohs oq
| the demands from . city Of 10000 population. TheS
years ago South Omaha had but few hundred people,
while IT'S present population is placed at 10000 and during
thi. time Il Is estims td that the various packing es~DA
m-nts have invested upward Of AoooOoo In permAheh'
| buildings -
| tbs works were built in 1891. and the company now
hes than hundred and seven mile o. ms ana
pHPOSs Il Omaha and south Omaha Thee; pipes are
all Of cast iron Of the heaviest weigh ~ Ss most suS
s saa ssf and Sd' spduIsas ~,
r1 miles Of pipe yS isehs. in dsmetsI md ether in,
sas, Sf more SsS Ms
Ssa GT 'S sSa Raf' ssIs &C.
sss 80 q S5S s s' any, or n'' vines inc
RARSINGs.
In 1851 the approximate earning: were $4,000.
and isss 600 For ne ySai iss4 sss Set1s e Issa
s rs s S. IN 1851 siss iSss s2sSSs os
TIC ';R, r. ts sea is'!:; ss,; Z y &
s ssTun v HE dufg Dc ss -
81 or s 1S :. q s ssI ~ ss s. " Rs:
q: ne :; go sa c ,sr Pt1 sHH %sT:
10 y 6' , Ss;ni5P .S E S:ss