New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-10

sL,000,000
Omaha Water Works |.
az
FIRST CONSOLIDATED MORTGAGE
GOLD BONDS,
ISSUED Ny
The American Water Works Company,
$1,000 EACH,
Due ysly 1, 1907, Coupons Payable January s.S
July1.

The undersigned offer for sale ct % snd nterssa
subject to advance without notice, the shcve4
mentioned bonds, which have been issued 10 meet th4
cost Of extensions and large additions TO tho property
of tho company during the year 1888, including tho
building of an entirely new plant, pumping station,
settling basins, etc., made necessary by the rmarxs
able growth Of the city, and which provide the WORKS
with sufficient capacity to supply population u
four hundred thousand
These bonds viii make an outstanding issne oA
80 100000 and are part Of an authorized loan Of
1000 OOo OF which s4o00 are held BY the Fsrmer
Loan and Trust Company, New-York In trust To
secure an equal amount of six per cent bonds, which
are first mortgage upon portion only Of the property.
The balance Of the authorized loan, w.: $1,000.
900, will be held by the Farmers Loan and Trust Cons
many 10 meet the cost Of additional extensions ana
improvements required In future years, oH under
ne terms of the mortgage none Of these bonds can U.
sed except deuy the actual cash cost Of me s"prcse
a,ts az then arc made ,1ess e net income 70 sts
e,snt 10 pay ne interest he same and all prevsessy
tsss.ed bonds.
The bonds issued under this mortgage have been
listed at the New.York Stock Exchange, and tho
amount now offered for sale win also be listed /
Attention is invited TO the following official STATS
ment: o,,.u. .r,o ,ssa
GENTLEMEN: Referring to the bonds Of this company
,,hen nv Won beg to submit the following statement
In regard to the city and company;
of Omaha now has population OF A<"'ovo -
.ompared with 30 900 10 $780, and is still growing WIZ
great rapidty water With which the eiv Is sup
pIIed IL taken from the Missouri River, an unfahaa
source and Is Of superior quality. The franchise 70
an.an and operae these the cities Of Omaha
and South Omaha perpetual and the present contracts
% supply the cities with for fire purposes eontinus
until 1908 and 1904 respectively and as IRE proeeean
Is Indispensable the contracts must DO renewed ss ma
tuYty These contracts have IN tbs past and wiz during
the cor tlnuance OF the same, make any eompeteon I'M
possible nor can be reduced without the oenas
Of the company At the present time tho amount pAa
by the two cities for FIRE service (soout i0o nsuaa
is at the rate Of upward Of $4,000 per annum sno
expected that this viii be Increased TO ssoooo uuns
year BY the addition Of four hundred hycrants.
At South Omaha located some Of the issess poH
and beef packing establishments in ne oniseo 49,
(south omaha now ranking hird city In TIE paeKs
business and It Is the only city which has SHOWN " In
crease in that industry during the past year the
Of water required by hese establishments VIII ono cav
the demands from q city Of eo,ooo pepuianon 1aNs
years ago South Omaha had but few hundred peopes
while It's present population Is placed st 12ooo ana oune
this time n estimated that the various packing
ments have invested upward Of s4ooo0oo in pernansas
buildings.
The works were built in 1881, and the company now
b.. more than one hundred and miles Of mains tn4
pipes occupying the streets. In the most thchy
PORTIONS OF Omaha and South Omaha These pipes Es
and the whole Of the company Is Of The most SUD-
s;antial and enduring character ..,,- 49, ...
s., Tn na Sew q p pips IscSs. in diameter other In
co.'s. o. more than 10000 losstsd close to the h hS
he reservoirs and sesing bssns have Tie espassH z
see so 900 0oe gallons per day. Ave times the prssenh
consumption In both cities.