New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-10
GEORGIA.
Due March 1, 1929.

The Savannah and Western Railroad Company was o'-
ganzed July l. 1885, by the consolidation under inc law
OF Georgia and Alabama OF the following companies s
auxiliary lines and branches OF the Central fSaO %
tenn: The Columbus and Western Railway Company he
East Alabama Railway Company, the Euiauis anu oi''
ton Railroad Company. The Columbus ana Rome i'' 80
Company. the Eufaula and East Alabama Railway Oo'n
pony the Buena Vista and Ellavi.le Railroad COMPANY
the Savannah and Columbus Railroad Company anu @i'
Savannah and Western Railroad Company
The road finished and in operation comprises inc
from Americas. Georgia, via Buena vista, Coiuou''
Opclka and Childersburg 70 Birmingham tots uis"'
Of 2l9 2.1O miles; a branch from Opelka 10 Roanoke
81 miles; branch from Columbus to Greenvie. narrow
gauge so miles line from Eufaula to Ozark oi miles,
total road completed and in operation. 367 miles
and Western owns its proper proportion OF
rolling stock.
The bonds now offered are a first lIen rubect only to
the following outstanding bonds:
LIST. 100000 Columbus and Western Railway Donas'
due June 1911 prior lien the road from opelika to
Birmingham
3D. $4,000 first mortgage. Columbus and Rome
Railway on the line from Columbus 10 Greenville.
An equal amount Of the Savannah and Western bonds
f. eseryed in the hands OF Trustee for retiring the
above mentioned outstanding liens at maturity. and
sufficient Is also reserved to broaden the gauge
Of the line from Columbus TO Greenvlle
In addition the foregoing, S26O,0OO bonds nave
been reserved OF caution for proportonae amount
OF bonds OF the Western Railway of Alabama due October
1890 covering about 90 miles OF road OF tho Savannah
and Western r. Co.. the above amount having already
been paid over Western Railway OF Alabama by the
Savannah and Western r. X. Company and the former
company having assumed the payment thereof principal
and nterest)
The mortgage the entire property OF the COM
pany including equipment. terminals &C., acquired or
hereafter to be acquired
The total authorized by the mortgage Is limited 10
$4,000 per mile OF railroad actually constructed.
equipped and in operation.
The capital stock OF the Savannah and western Railroad
is owned by the Central Railroad and Banking Company
Of Georgia
The payment OF the s., 900 now offered for sub
scrption is guaranteed principal and interest by the
Central Railroad and Banking Company OF Georgia the
guarantee being Endorsed each bond
The Central Railroad and Banking Company Of
Ceorsa is OH Of oldest railroad companies in the
United States dating from 1888 Since 1912 It
has returned 10 It's stockholders 407 cent in dvi
dends an average Of about per cent annum and al
though practically destroyed in the last year OF the
10 has in years since rebuilt itself and paid
its stockholders hundred and eighty-nne cent
in dividends without increasing its indebtedness mile
above the capitalization before the war. The system
as whole is paying per cent dividends, and expending
n large sum In bettermcnts yearly.
The last annual June 3d. 1882 Of the Gen.
trail Railroad system shows
Gross earpincs... s5,52o,177 IS
Expenses