The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1889-01-08
FINANCIAL.
$4,000
City Water Company,
CHATTANOOGA, TENNESSEE.
6 Per Cent. Sinking Fund Bones.

The Farmers Loan & Trust Company. New
York Is the Trustee. and interest ana principal
are payable at the Office Of that company.
These bonds cover substantial system Of wa
ter works, real estate valued at over $500 900,
and an actual cash income OF 10000 per annum.
The co npany has two sources o. supply, one BY
from the Tennessee River.
The income Of the Company 10 months ago was
about S5O, 800, for 1889 II Will exceed SlOOOOO.
The Interest charges and operating expenses
900
Chattanooga is situated on the Tennessee River,
and Is surrounded by territory yielding an al
most unlimited productive Of coal, iron, timber,
grain ana cotton Efs nt n P 9 RAILWAYS esut s
city. These railways send out 20 passenger and
60freight trains daily, and, together with the
and water exceled by few cities In the Cnited
States.
Is ftOlO about Az, 900.
MANUFACTURES.
IRON AND Street.-The yearly output Of iron
in the Chattanooga district is nearly 100000
TONS worth some S4OOO,O00.
There are blast furnaces, rolling mills, iron,
brass and stove foundnes, spike mills, boiler
works, machine shops, east iron pipe works,
wrought iron pipe works, Bessemer steel works,
barbed-wire factory, iron fence company, saw
works, pillow works, and other II on and steel man
nfacturing concerns. representing In this business
amerean scotcb and EnSsb iDyestors y
LUMBER.-There are saw mills, that cut 27,-
600 900 feet OF lumber In one year; planning
mills, that used 1000 0UO IT, OF sawed lumber In
one year; q rnIture and chair factories, making
this city the largest manufacturer OF furniture In
the South.
GRAIN, CoTToN AND FRUIT.-There are z
Touring and grist mills grain elevators, large
warehouses, cotton factory and compress MILL
The State Agricultural Bureua report shows that
the lands tributary to Chattanooga produce annu-
ally 4O,OO0OO0 bushels Of wheat, corn and oats,
15o, 090 tons Of hay, 4,o0Os 90 pounds Of cotton,
$4,000, 600 worth Of fruit and support over S37,-
600, COO worth OF live stock.
OTHER MANUFACTURER.
There are the largest tanneries in the United
States, The Tennessee marble works, briek-mak-
ing companies, paint factories, tile works. terra
Gotta works, fire brick works, fruit canning fac
tories.
There are 11s concerns using steam power,
representing an investment OF S5,8OO.O0O, en-
ploying 5000 hands, with yearly production Of
nearly SS,OOO,UOO. Their productions 20 over
the United States, North, South, East and West.
The city is also a large distributor of groceries
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,OOo0OO.
Debt less than per cent. OF taxable valuation.
The lty can issue no bonds without authority
be ratified by threefourths vote Of the people.
ADVANTAGES.
The supreme requisites for 1ourishing indus
/ Cheap coal, iron and labor-for manufae
| lures.
2-Cheap transportation by railway and wa
| ter-for freights.
Slight municipal debt and low taxes.
When, in addition, city Is surrendered by 9
fine tributary timber and agricultural country II
possesses all the requisites and advantages that
insure the greatest prosperity and growth, land
| all Of these are possessed by Chattanooga.
These exhaustless beds OF coal and iron. anc
almost limitess forests Of the best varieties o.
timber, assure the future prosperity OF this par
Of the country, and capital is pouring South FOL
| its development In all branches of manufacture
| there Is activity and progress.
The bonds OF this water company have beer
| taken for Insurance Companies, Savings Banks
ESTATES, and other trust fund investments.
In addition to the security already specified
| these bonds are guaranteed principal and inter
| est.
FOR SALE BY
Ii A DhVQ0AI m