The Portland daily press., 1889-01-09
$4,000
City Water Company,
CHATTANOOGA, TENNESSEE.
6 Per Cent. Sinking Fund Bonds.

York, Is the Trustee, and interest and principal
are payable at the ONCE Of that company.
Inese oonas cover suDssanta system ac Oh Wa
and an actual cash income OF SOC, 900 per annum.
The Company has two sources Of supply, one by
gravitailon from mountain springs, the other
The income Of the Company 10 months ago was
about sSo.ooQ' LOT lsss - VIII exceed 100000:
viii aggregate s67 900, leaving surplus OF $685.
Chattanooga is situated on the Tennessee River,
and Is surrounded by a territory yielding an al
most uaom United production Of coal, iron, timber,
grain an cotton. Eight lines Of railways center
there, and a Union Belt Railway encircles the
city. These railways send out 20 passenger and
so freight trains daily, and, together with the
and water excelled by few cities in the United
States.
mANUFACTUREs.
IRON AND sTEEL--The yearly output OF iron
in the Chattanooga district is nearly 100000
tons, worth some 100000.
There are blast furnaces, rolling mills, iron,
brass and stove foundries, spike mills, boiler
works, machine shops, cast iron pipe works,
wrought iron pipe works, BesSemer steel works,
barbed-wire factory, iron renee company, saw
works, pillow works. and other i on and steel man.
facturing concerns, representing In this business
total capital Of over $4,000, 600, furnished by
LuMBER.-There are saw mills, that cut 27,-
o00,OOO feet OF lumber in one year; 6 planning
mills, that used "a OO0, QUO &c. OF sawed lumber In
one year rnIture and chair factories, making
this city the largest manufacturer Of furniture in
the South.
GRAIN, COTTON AND FRUIr.-There are z
Touring and grist mills, grain elevators, large
warehouses, cotton factory and compress mill
The state Agricultural Bureua report shows that
ally 40, 600, 900 bushels of wheat, corn and oats
10000 tons Of hay, 900, 90 pounds Of cotton,
100000 worth OF live stock.
OTHER MANUFACTURES.
There are the largest tanneries In the United
States, The Tennessee marble works, brick-mak-
Gotta works, fire brick works, fruit canning fac
tories.
There are 11s concerns using steam power
representing an investment OF S5,SOO. OO0 EN-,
ploying 5000 hands, with yearly production of
nearly 5000 600. Their productions 20 over
the United States, North, South, East and West
The city Is also large distributor OF groceries
and dry goods, and at the close OF 1886 the cant
tai invested IN me Wholesale business amounted
to over S7.OO0,000.
FINANCE.
Taxable valuation sl3, OOOO
Debt less than per cent. Of taxable valuation.
Inc city can issue no bonds without authority
from tne state Legislature, which must further
DC iatiheu Dy threef0urths vote OF the people,
ADVANTAGES.
The supreme requisites for iourishing indus
lures.
2-Cheap transportation by railway and wa
ter-tor freights.
3-Lighl municipal debt and low taxes
When in addition a city Is surrendered by
fine tributary timber and agricultural country y
possesses all the requisites ana a1vdntageS' that
insure the greatest prosperity and growth,-and
all of these are possessed by Chattanooga
These exhallsfess beds OF coal ana iron, and
Timber assure the future prosperity OF this part
Of the country, and capital is pouring South for
its develonment In an branches Of manufacture
there Is activity and progress.
The bonds Of this water company have been
taken for Insurance Companies, Savings Banks,
Esfafss and other trust fund investments.
in addition 10 the security already specified
these bonds are guaranteed principal and inter
est.