New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-08
financial.
nGV.Y0rk, Ontario
Western Railway Co.
ISSUE OF $2,5OO,OOO.
CONSOLIDATED FIRST MORTGAGE ) PER CENT
FIFTY.YEAR GOLD BONDS
At 81 per Cent.

Mcssrs. POOR & GREENoUGT are authorized to
cep subscriptions above Bonds In denominations
OF 1900 $500 each bearing coupons from the LIST OF
June next Subscriptions arr payable as follows Ten
per allotment and the remaining 81 cent On
16 1889 Negotiable receipts signed by the Rail
way Company will be given to alloees on payment OF
the first Instament and definite Uonds will b. exchanged
for these receipts when full Is.i after June To-
these bonds Issued for the purpose oil S ing for
the Extension, now under construction OF the ontario
Rway system into the anthracite coal hes near scrah
toa providing equip ncn: and they are
secured by consolidated hrsL mo- t,''G nHpn u' ehtir
main line, branches equipment and pler'v OF The New
York, Oni 10 ard Western Railway (npany inciuding
a deposit With the trustee OF this m"Fag' OF Oil the
for the purpOst Of organizaton GRATED on the h"N''
lid Scranton extension, which Is known a. the OnFo'
Carbonate and Scranton Railway Company.
The physical condition and prospects OF the railway
are fully forth letter from the President OF the
Company, from which the following are extracts:
1.-THE system extends from OsweRo, Lake Ontario
TO tidcwatcr at Ncw.York HarbOr and connects by
OF It's branches and leased lines with various I'M
portaat points"
Th' Company owns 800 miles main line and branches
has OF leased aud valuable trackage rights
81 miles o. the West Shore Railroad 10 Ne"'iorK
IIaIbor for about hundred years making total mile
age worked by engines 424 Mills The Company has
aso for about hundred yors the right 10 use all the
West Shore Railroad terminals ana connecting facilities
at NcwYork City,
1.-THE gross earnings for the fiscal year ending goth
September, 1883, onua"i 2D2 per mile OF rpai )"h
The thre" years ending goth September, 1885. ihow
surplus credit profit and loss OF 1896 500, which
has been expended In b"terments.'
THE tonnage OF anthracite coal shipped from The
Wyoming basin OF which scranton Is ~, CENTRE amounted
In the 1883 10 220T 90 q tons and the con7truc'
ton Of a branch OF 81 from Hancock station on
the main line will connect the New York, Ontario and
Western Railway vita Scranton and viii open up 10 Us
the following .larkcts for anthrac.t, coal
l. Buffalo and the West via OncidL the junction with
the NewYork [ utral the milcaS the NcwYork,
Ontario and Western system being 100 miles.
q The New. England States, via the bridge over
the Hudson River At PoughktcpsIe; our mileage being
142 miles.
g. N"w.York IIarbor orr main line; our mile
age from Scranton being 2lO miles.
4. Canada and the West VIA the Rome Watettown
and Osdensburg over the Canadian Pacific and the
Grand Trunk Railway OF Canada"
"Contracts for large coal tonnage have already been
tension. and fair surplus the interest
upon the capital required for Ito cOnstructton-those
already signed exceeding half million per anncm'
The proceeds Of h" present issue OF bonds VIII be
applied EXCLUSIVELY u the purposes above stated
THOMAS p. FOWLER
President Ncw.York, Ontario and Western Railway.
Application VIII b" made for quotation al the New.
York Stock Exchange.
Infamous issue of these bonds Is made IN London
by MeNSrs. sATTERTHwtITE & CO., and M"ssrs.
FOSTER n BRAITIIWAITE, thus securing an in
r.rua,irnI III" subscription list Will be closed
bei,." W"iucS lay. May sth. Pro,pectu+"S ana
forms q ,iurs b" obtained Of tn undersigned,
POOR & cREENOUcH,
81 wsl.st, New.York.