The Portland daily press., 1889-01-04
$15O,OOO
City Water Company,
CHATTANOOGA, TENNESSEE.
6 Per Cent. Sinking Fund Bonds.

The Farmers Loan & Trust Company, New
York, is the Trustee, and interest and principal
are payable at the Office OF that company.
These bonds cover substantial system OF wa
ter works, real estate valued at over 100000,
and an actual cash income Of 10000 per annum.
The Company has two sources Of supply, one by
grayitaion from mountain springs, the other
from the Tennessee River.
The income OF the Company IL months ago was
about s5O,o0o, for 1889 It will exceed 100000.
The interest charges and operating expenses
viii aggregate s67 900, leaving surplus OF $780,
Chattanooga is situated on the Tennessee River,
and Is surrounded by territory yielding an al
most unlimited proGuctip,a, Of coal IRON, timber,
there and Union Belt Railway eneirces the
city. These railways send out 20 passenger and
Tennessee River, afford communication by rail
and water excelled by few cities In the United
States.
The population o. 1880 0as under $4,000 and
Is nolC about As, 900.
MANUFACTURER.
IRON AND STEEL.-The yearly output OF iron
In the Chattanooga district is nearly 100000
tons, worth some S4.0O0OOO.
There are blast furnaces, rolling mills, iron,
brass and stove foundrles, spike mills, boiler
works, machine shops, cast iron pipe. works,
wrought iron pipe works, Bessemer steel works,
barbed-wire factory, iron fence company, saw
works, pillow works. and other Jon and steel man
a total capital Of over $4,000, 900, furnished by
American, Scotch and English investors.
LUMBER.-There are saw mills, that cut 81
Mills that used "a, 900 900 it. Of sawed lunher In
one year; flrnture and chair factories, making
this city the largest manufacturer Of furniture In
the South.
GRAM, COTTON AND FRUIT.-There are
Touring and grist mills, grain elevators, large
The State Agricultural Bureua report shows that
the lands tributary TO Chattanooga produce annu-
ally 40 900 900 bushels of wheat, corn and oats
150. 900 tons OF hay, 600, 90 pounds Of cotton
50, 000O 900 worth of fruit, and support over S37-
100000 worth OF live stock.
OTHER MANUFACTURES.
There are the largest tanneries I'm the United
States, The Tennessee marble works. brick-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,S0O.00O, EN-
ploying 200 hands hans With yearly production Of
the United States, North, South, East and West.
The ctty is also a large distributor Of groceries
tai invested in the wholesale business amounted
to over 100000.
FINANCE.
Taxable valuation sl3, 100000
The ity can issue s no bonds Without authority
from the State Legislature, which must further
be ratified by a three-fourths vote of the people,
ADVANTAGES.
The supreme requisites for iourshing indus
Cheap coal, iron and labor-for manufac-
terror freights.
Slight municipal debt and low taxes
Wnen, IN addition, city is surrendered by a
fine tributary timber and agricultural country it
possesses all the requisites and advantages that
insure the greatest prosperity and growth,-and
all Of these are possessed by Chattanooga
These exhaustess beds OF coal and iron, and
almost limitless forests Of the best varieties OF
timber, assure the future prosperity of this part
Of the country, and capital Is pouring South for
its development In all branches of manufacture
there is activity and progress.
The bonds Of this water company have been
taken for Insurance Companies, Savings Ranks
Estates and other trust fund investments
In addition 10 the security already specified
these bonds are guaranteed principal and inter-
est.