The Portland daily press., 1889-01-01
FINANCIAL.
$4,000
City Water Company,
Chattanooga, TENNESSEE.
6 Per Cent. Sinking Fund Bonds.

The Farmers Loan 6 Trust Company, New
York Is the Trustee, and interest and principal
are payable at the office q that company.
These bonds cover a substantial system Of wa
ter works real estate valued at over 5000, 900.
and an actual cash income OF $4,000 per annum.
The Company has two sources Of supply, one by
grayitation from mountain springs, the other
from the Tennessee River.
The income Of the Company IL months ago was
about $4,000, for 1889 Il will exceed 100000.
The interest charges and operating expenses
win aggregate S67 ,OoO leaving surplus Oh 1885,
Chattanooga is situated on the Tennessee River,
and Is surrounded by a territory yielding an al
most unlimited production Of coal, iron, timber,
grain and cotton. Eight lines Of railways center
there, and a Union Belt Railway enclreles the
city. These railways send out 20 passenger and
ofreight trains daily, and, together with tne
and water excelled by few cities In the United
States.
IRON AND STEEL.-The yearly output OF iron
In the Chattanooga district Is nearly 100000
tons, worth some s4,0O00O0.
There are blast furnaces, rolling mills, lron
works, machine shops, cast Iron pipe works,
wrought iron pipe works, Be5semer steel works,
worSs blow works and other d lion and stes ma s
a total capital Of over $4,000 furnished ~
American, Scotch and English investors.
LUMBER.-There are saw mills, that cut 27,-
100000 feet OF lumber In one year; y planning
mills, tnat USED ". o. sawed iumhsr ~
this city the largest manufacturer Of furniture In
GRAIN, Corros AND FRurr.-There are
Touring and grist mills, grain elevators, large
warehouses, cotton factory and compress mil.
Inc state Agricultural Bureua report shows that
the lands tributary 20 Chattanooga produce annu-
ally 40,OO0,OO0 bushels Of wheat, corn and oats,
10000 tons Of hay, 4,0oO.s 90 pounds Of cotton,
S3,oO0, 600 worth OF irult, and support over sST-
100000 worth OF live stock.
OTHER mANUFACTUREs.
There are the largest tanneries In the United
States, The Tennessee marble works, brick-mak-
ing companies, paint factories, tile works, terra
There are lis. concerns using steam power,
representing an Investment OF $6,80O,0OO, EN-
ploylng 1000 hands, with yearly production Of
nearly SS,000,O00. Their productions go over
t the United IiS states North Cgth East and West
and dry goods, and at the close OF 1886 the CAPT
tai invested in the wholesale business amounted
to over 100000.
FINANCE.
Taxable valuation s13,0OO,OOO.
Debt less than per cent. Of taxable valuation
The city can issue no bonds without authority
be ratGed BY tRfeefoarths vote Of the people.
ADVANTAGES.
The supreme requisites for fourishing indus
1 Cheap coal, iron and labor-for manufae-
2-Cheap transportation by railway and wa
9-Llshl municipdi ueDt ana low taxes.
When, In addition, city Is surrendered by a
fine tributary timber and agricultural country it
possesses all the requisites and advantages that
insure the greatest prosperity and growth,-and
all Of these are possessed by Chattanooga.
These exhaustless beds OF coal and iron, and
almost lmitless forests Of the best varieties Of
timber, assure the future prosperity Of this part
OF the country, and capital Is pouring South for
its development In all branches Of manufacture
there Is activity and progress.
The bonds Of this water company have been
taken for Insurance Companies, Savings Banks,
Estatrs, and other trust fund Investments.
In addition TO the security already specified,
these bonds are guaranteed principal and inter
est.
FOR SALE BY