New-York tribune., 1889-11-04
finanrlal.

Lists Of Applications will Open Monday, November
AA and Soss SsmSe, on o, aiS sefos isso wcane'o'y
SIX PER CENT. FIRST MORTGAGE GALWAY
Principal and interest payable In gold.
Simultaneous issue IN England and America
THE SILVER SPRINGS, OCALA AND
Total bohds MisH3a sHSS, COO or say
about sn coo Sy' HsS. Sy st
sSS sSs .Geret and VIII be issued & in England
to November ist payable as follows
On application .......... sll2o 90 or R2t 4 10
3ss:Ssy' +: e5$Fi5' i5s i,s3 s$$ s$$ g
s1O2o 90 92lO
r 1s Pc, 5Ss PfyfS: S
TSs payable at the Companys offices, SO wall-st. New
% On Ct Tie II o Sna m $780, ana S S e
deferred payments from November Is, Will be deducted
S ss.d viii nay ss. s Ps 5 S IN on an sd &
eoupSG due January ist Allotment viii be made strictly
according to Priority Of application.
TRUSTEES:
colonel Stephen Van Rensselaer, Cruger director Illinois
w,n,aCIe Central m Ralroad) ,.,,
St and 50 Finest. IS NcWYork. & w. man. "
DIRECTORS:
HSs HD E' SS Ws sYmsty VcS
are prSf'Iaeat b cOrbn Banking Company Of New.York
5a1s 5fleSander G. 9uarfier ESQ g wql.st New York
+ TeHwick Taylor, Esq. GSinesyile. Florida
p Walter Agnew. ESQ, 0cala, Florida
James G' Gardner. ESQ. 100 Broadway New.York
BANKERS:
NewTOk ercRans T5u; NnonI GSmRaPBx Bank S4 Waist
BROKERS';
New-York-Messrs. Miller Doubleday. A and 40 wallst
. SOLICITORS
Messrs. Albon 7. & W. Man. SO wall.st.. Ncv-York.
70 - OFFICES:
0O wast 4d,S and 80 Pine NewYOr and 0cala Florida
q, vhtot Loal share capital authorized 50 100000
"heh @ about one million hye hundred thousand dollars
The N AmsT Ps1 and the o SnSs Is to Be & qsa p
gold. and become due July 1st. 1918.
ABRIDGED PROSPECTUS.
These Bonds are secured by nrst and only mortgage
and he b entire Ire railway with It's equipment franchises Be-
%ousana % dollars OF Bonds can be Issued per mile Of
o, Tae 1"a railway has special subvenon land grant
Of nS pe In 1dS T "a & the & q ten & thousand
ssgf aeGnggoas to the line but includes some special
81 a@ most Sce yaaas a9s "a ands s 70
int contract for the sale all It's lands terms that
bond; ana sSarc but this proposed could c%y Be
every ten miles Of the railway are finished.
are q sgSGnr SGo or nS e. g1T Is two , millions four
lowest price which The United states Govenmen sells
this land gait Would a &c eS Se entire S PSSSeq&s 6Te & %
aS y Of bends os6 % much to Be ssSe 9 the
i c known az ta agcd ha gh' m ts ft mortgage Po,os
of railways n the United Stass which have been add.
tonay secured b. subventons OF land have In all
Selling ot gh prces Ii is believed chat hes are prob
& viii be- ever offered as the policy Of both the Tedcrs s
ana state Governments is against further grants OF land
70 faiiways
The total mileage o, all the railroads OF the United
states q, the close of the fiscal year In 1888. 47005
miles ana the total re" earnings thereon 1891 3j G10
gy1e Poors Manual. 1888 page OF Intrcducton. that
Including even those Of narrow gauge was - 237 per
nsle.
III, interest Of first Mortgage Bonds Of this Ine
cannot exceed 5000 mile aul when the whole line Is
completed will only amount $3.50 a mile less hdn
one thrd o he amount OF the average net earnings OF
American railways.
Competent authorities have expressed their opinion that
ttis railway Will have than the average net earn.
lnps, and that "tr lumber trafc alone. the general
trnc alone the through traffic alone would either Of
them 30 sufficient pav the entire cost of operating the
Inevitably follow the opening OF t" route, the accuDu-
aton of business VIII only make this IN all respects
paying road but viii tax its powers OF service"
Colonel James c. Clarke. who was general manager OF
the Illinois Central Railroad from 1875 10 1873. vice
[r silent from 1873 70 1888 and president from 1888 TO
1887 yhen he resigned account of ~ h"0th has made
personal examination ~ the lin" ~ th- railway and con-
guous territory and ha extended report thereon can he
the o.ns Of the solicitors NJ the Company In Iv
.Tool and N"w-York Tho following paragraphs are
luOtcd therefrom .
'.Yo,u road as constructed appears 10 be well
"buEt" - II have formed high opinion
succeed carrvn9 completion. i Will inrre
"largely 70 the benefit OF all concerned"
. Prospcctusps with maps ard forms OF application Toy
tpse bonds nav he ha1 IN America at the Ofees OF
he Company. SO Wall.st.. NewYork or oi the Bankors
and Brokers and I'm England from the Bankers Brokers,
lnd Solicitors named herein.
Dated. November 1s 1889.