New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-08
~e~~-~~>->-~->
100000
Omaha Water Works
81
FIRST. CONSOLIDATED MORTGAGE
GOLD BONDS,
ISSUED By
The American Water Works Company,
$1,000 EACH.
Due July 1, 1907, Coupons Payable January "a"
July1

The undersigned offer for sale at 90 and interest
| subject TO advance without nouce, th' ao'E"
mentioned bonds, which have been lssueo " ne Ile
cost Of extensions and large additions 70 inc PlOpo.S
| OF the company during the year 1885, lno'uunS In'
building OF an entirely plant, pumping S'1Hoi'
| settlna basins etc. made necessary by the remsrk
able growth Of the city, and which provide the Wor
! with sufficient capacity to supply pop"'SN'n "a
| four hundred thousand.
| These bonds will mako an outstanding issue Oh
| 20 600 OoO and are part Of an authorized loan vi
a 600 600 of which s40O 900 held by the FARMERS
| loan and Trust Company, New-York, In trust 70
secure an equal amount Of six per cent oonos Whlon
arc first mortgage upon portion only Oh Ino PoP'
| The balance of the authorized loan, VIZ. Slooo'-
ooo will be held by the Farmers Loan and Trust Com
many 10 meet the cost of additional extensions ana
| improvements required in future. years our u"de'
N, terms Of the mortgage Of these bonds can DC "
s,,d s1,pt N deTay the actual cash cost Of the '"ore
rens as hey are made and unless ne net income Sp
e,ent 10 nav Ire interest the same ana a" previously
| Lssusd bonds. -,
! Tho bonds issued under this mortgage have been
listed at the New.York Stock Exchange, and tno
| amount now offered for sale will also be lsteo
Attention is invited to the following Official State
ment OMAHA April /, 1889.
o,-rr r,sr1 pe,errinp 70 the bonds OF this company
| 80 h von heu 10 submit the following statement
| in regard to the city and company; IN. mn -.
rho cI.v Of Omaha now has q population OF 100000 as
compared with 10000 in 1880, and is still growing WIN
orcat rauidlty The water with which the city Is sup
| ned is taken from tho Missouri faVef an uhiaiiins
| source and is OF superior quality The Hsnehlso !"
maintain and operate these works in the cities Oh onaaS
and South Omaha is perpetual, and tho present eon't
20 suppy the cities with for nre purposes cohunuo
mill 1908 and 1901 respectively and as IRE proteeuoh
is Indispensable the contracts must be renewed ~ ms
turlty contracts have in the past ana VIII curing
the continuance Of the same make any eompeuuon I'M
| 10
OF the company Al the present time the amount phu
by the two cities for service tabout 100 hydrane
is at the rate OF upward OF $4,000 per annum ana IL II
expected that this will be increased 70 $4,000 during I'
| year by the addition OF four hundred hydranb
Al South Omaha are located some OF the largest pork
and beef packing establishments in the United states
south Omaha ranking as the third city IN inc paV|
budness). and II il The only city which has hno"h All M
oreaso In that industry during tho past year The quah
Of Mater reauired by these establishments VIII alone eQu
the demands from city OF 10000 populaeon. Ihreo
years ago South Omaha had but few hundred people,
while IT, present population placed ut 1000. and during
this tine Il Is estimated the various packing establish
ments have invested upward Of 100000 In permanent
buildings.
The works were built In 1881. and the company now
has moro hundred and seven miles Of mains an
q Omaha and ho sSS 8 9Issa and u % Sire
aud the whole work OF the company OF The most SUD-
The new plant pumpins stations settling basins and
six miles Of pipe 80 inchSs IN diameter and other I'M,
9Ss o MORE 6aS 81 COO E Ms.
2s sEs; sSssi ing: ~ @ Si.es:
consumption In both citieA
EARNINGS.
1852 sgoS%a0 gross S'Is1 min nS were s,I 5000 3
1897 SSs Sss % less IS . s2sG SS2 g vi b.
~ 'i e ssf isS'sE Ss'i 81
earnings 1 S ~ months S q 1887 z saS E
ngs sol65e 81 or a. tho rate Of U.s. siS ~ pss
~ i. .sr RI snR %eS;
'i2 g. Il u ,s d e S gsSuS
The rs as1 81 ego psf Se r.
S SSTS 81 .SG sS%SinS
GOO but this VIII represent Al. the gain during I, t ssS
s3 % ns s fyso pfy ' sSs FIJI
tor na Ss s SsssT
s7o 600 meet Which oh, s s company SsR S oo and
s sSsa, e q '
pared 2576 Jan ss5 and on the Prs
Sp Which NUMBER doubtless b reached
crease in population The number OF new consumers ~ 6
aSh A 1f @ nssy wo ana
times tho number OF consumers were added
fGr the Sn f%S PfS Conceded inst water works
one SsrS %sS vita 3 900 people has
and Albany and Rochester ~ Y, with about the samC
: Formulation as Omaha each have 10000 to 1000 con
: sufnerA ...,u...
s net sSSs Of the company for the next ten years
1850 - sldO q, 600 1894. 1890, 0Ot
\ ,Soa 400 600 1898 .............. $40 ,OOC
g 80, asO GOO 1895 ............. ~ O,OO(
. $500 A25,O0O 1897 ............. 500, DOT
Isoa 100000 1895. ............. 900, OOC
TIL. S;timsts e, Of |UTs S TsnY lio may o
pany Of Francisco 1900 600 popglaonl In 1887 wer
~ 100000 In the above cases the water rates charge
% las than the tariff no Omaha hxed by the franchise
u TX, h1soTv inpSsmsnb proves at there sarsr
l. e,yitss sslecd dter toors bondS Wafer
snssv and nothing be found 10 take is place In
mo cts me b ineredsino There are no ba
strike and competition me gdnehfe nntd N
rdtss and and peOp must pay for he service or
~ | drs and doHefttc supply ictll Be cut or
y | Respectfully yours, ,,,,oo,> rN.,,.
Ths American Water Works Company
lie COpies of the mortgage and fran