New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-09
CENTRAL RAILROAD
AND
BANKING COMPANY
GEORGIA.
Due March L, 1929.
INTEREST PAYABLE MARCH 1 AND SEPT. IN
NETWORK.
THE CENTRAL TRUST COMPANY OF ~ T.
TRUSTEE

canzed July J. 1883, by the consolidation uhoer inc "
OF Georgia and Alabama Of the following cCihpao' -
auxiliary lines and branches OF the Central Iaro1d ~
tenn: The Columbus and Western Railway company '"o
East alabama Railway Company, the Euiaui@ anu Dl"y
ton Railroad Company, tho Columbus ana l'omc H
Company the Eufaua and Last Alabama talI"ay No'H'
many fine Buena Vista and El,avllle Railroad Company
the Savannah and Columbus Railroad Company anu 'lo
Savannah and Western Railroad Company
The road now finished and in operation comprises le
from Americas Georgia, via Bucna Vista. Columbus
Opola and Chidersburg to Birmingham total distance
Of 2i0 2-1O miles branch from Opelka to Roanoke
81 miles a branch Columbus to Greenyile mario"
gnuge so miles line from Eufaula 70 ozark Oil mites
tota. road completed and in operation, 367 miles
Tho Savannah Western owns its proper proportion OF
rolling stock.
The bonds row offered first lien, subject only TO
The following outstanding bonds:
1st. sSOO.OOO Columbus and Western Railway bonas'
due june I9I1 prior lien the road from oDelika to
Birmingham.
% s2OO,0OO first mortgage, Columbus and Rome
Railway on the line from Columbus to Grecnyie.
An equal amount Of the Savannah and Western bonds
Is reserved In the hands Of the Trustee FOR retiring the
aforementioned outstanding liens at maturity and
sufficient also reserved to broaden the gauge
OF the line from Columbus b Greenvule
I'm addition TO the foregoing $500, 900 bonds have
been reserved caution for proportionate amount
Of bonds OF tho Western Railway Of Alabama due OCTOBER
1850 covering about 20 miles Of road Of the Savannah
and Western L. r. Co., the above amount having already
beon maid over to the Western Railway OF Alabaml, by the
savannah and Western r. r. Company and the former
company having assumed the payment thereof principal
and interest)
The oorgaqe covers the entire property Of the
many including its equipment terminals &C., acquired or
hereafter to be acquired.
The total issue authorized by is limited to
$4,000 per mile OF railroad actually constructed
equipped and in operation
The capital stock savannah and western Railroad
is owned by the Central Railroad and Banking Company
OF Georgia.
The payment OF the So COO 900 now offered for sub
r.taq1 prfrc u
Central Railroad and Banking Company Of Georgia the
guarantee being Endorsed on each bond.
The Central Railroad and Banking Company of
corcio is or OF the Oldest railroad companies the
United States charter dating from 1888 Since 1912 It
has returned 70 stockholders 407 cent in divi
dends average OF about per cent per annumi and al
though practically destroyed in the last year Of the
wart twenyfour years since rebuilt Itself and paid
its .tockholder, one hundred and eghy-nne per cent
in dividends increasing its indebtedness mile
above the capitalization before the war. The system
as whole paying cent dividends, and expanding
a large in betterments yearly.
The last annual statement June 30 1889 Of the Cen
trail I.aIoad system shows:
Cross earaings........ s5,52O,177 50
Expenses:
Operating and
taxes .............. 32,491.790 81
Bcttermcnts and adj
dtons to property 3OO457 60 2.SOi.2J7 G6
Net c!71S,9%O &c
Fixed charges;
Interest bonds. SS3D,Cl7 I'D
Interest loans. 23'6%O OF
Rental Of rods. 4J0,3S7 co
Interest certii-
cats Of indebted
ness ................ $4,000 90 S1,J04,O25 O3
E 24I c,, OF INCOME OVER $l,I2l,SSj 10
Disposed follows:
Dividend. D. c S6OO,UOO 90
Advanced Georgia IL
Il. one-haf deact
In leasc........-..... 3, 1913 FL
Sinking fund Mont
gomery Euflula
Railway ........... $4,000 90
Sinking fund Ocean
5 s. Co........... 10000 90 s7iS,iJ3 21
surplus S4O6.itt o.
surplus last 239,I7J IS
Present surplus s6i5,6f7 IL
The bonds are coupon bonds, in denominations O:
600. payable 10 bearer, with provision for Tegstr-
ton OF the principal.
Application has been made Tor the Official listing Of
bond. on the New-York Stock Exchange.
Copies Of the bond and mortgage be examined at
offices.
HAVING PURCHASED THESE BONDS FROM THE
CENTRAL RAILROAD AND BANKING COMPANY OF
GEORGIA. WE NOW OFFER THEM FOR SALE
SUBSCRIPTIONS WILL BE RECEIVED BY THE
UNDERSIGNED FROM MONDAY, JULY s. 1s,9.
UNTIL THURSDAY. JULY II. 1sso. AT THE PRICE
or iO1 IL AND ACCRUED INTEREST
ALLoTMENTs WILL BE MADE As SOON As
PRACTICABLE AFTER JULY II. AND THE BONDS
WILL BIZ READY FOR DELIVERY UPON APRIL
CATION AFTER ALLOTMENT.
THE RIGHT Is RESERVED TO REJECT ANY PRO
PoSALS. TO REDUCE THE AMOUNT TO BE
AWARDED THEREUNDER OR TO CLOSE THE SUB.
sCRIprION on ANY DAY WITHOUT NOTICE.
Fl. B. H0LLINS & CO.,
IS wALL-sT. NETWORK.
E. w. CLARK & CO.,
1870 SOUTH 4THsT., PHILADELPHIA
WILSON, C0LSTOM & CO.,