New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-20

THE GENITAL TRUST COMPANY OF NETWORK.
TRUSTEE:
The Union Elevated Railroad leased to and operated
by the Brooklyn Elevated Railroad the two companies
forming one system known as tho Brooklyn Union"
or this system the broadway section Williamsburg
Ferry 276 miles and the lower Myrtleavenue section,
ls5 miles, the Bridge form the portion Of the Union
Elevated Railroad Company already constructed and In
operation The Fh.lvenue line TO Greenwood Cemetery
6lO miles and middle Myrteavenue line, 162 miles,
in Of construction these sections when com
pleted. win give the Union Company total mileage Of
b23 miles Other valuable extensions projected The
mileage OF the entire system is IL 80 miles and when
completed II Will extend about 10 miles Of road con-
Meeting with the NewYork and Brooklyn Bridge and all
the prominent ferries.
The Brooklyn.UnIon system OF elevated railroads tra
verses the densely populated and commercially important
section Of the city OF Brooklyn and is rapidly developing
vast area Of well drained and cheap lands larger I'm OK
tent than the Manhattan island the furthest
point Of which only "a miles distant from New
York City Han 1.-THE distance from that point 11oh-st
in New.YorlD.
Tho HewYork elevated roads upon completion IN 1870
carried about 100000 in 1887 they carried
about 100000
The population OF Brooklyn without suburbs, has IN
creased in 81 years from 63I,3s3 to 1922
o0O Cor az the rate Of 70 per per dscade The per-
eenage Of increase IS greatest the upper wards traversed
by the elevated roads and the erection dwelling houses
continues in that quarter at most remarkable rate In
nVo upper wards the increase OF population in 81
years has been tho rate Of 1875 per cent Der
decade.
The Brooklyn Union system OF elevated rallroads al
though In its infancy and far from complete yet a.
ready earning than ia nked charges with constant
increase m gross earnings agans, very Insignificant
crease in operating expenses The the Union
Elevated Railroad is tho best and OF It's kind.
and Is approved by the most eminent engineers
Tbs mortgage covers the entire property OF the company
now owned or hereafter to be acquired including ample
equipment, and Is limited to $3.50 900 per mile.
The Union Elevated Railroad was Organized under the
supervision Of the law Arms OF Messrs Hoadly Iau,er.
bach johnson. and MessrS wngate & Cullen counsel
for the company. The charter franchise, mortgage and
bond have been examined for Messrs Evars Choae
g. Bcaman, and by other eminent counsel
Application has been made Tor the Official listing Of
these bonds numbers to so5 ncusve) upon the New.
York Stock Exchange.
The bonds coupon bonds Of $1,000 each. with pro.
vision for registration OF the principal
SUBSCRIPTIONS WILL BE RECEIVED by THE
UNDERSIGNED FoRSI 100000 tBEING THE
UNsoLD PORTION OF THE ABOVE BoNDs) FROM
WEDNESDAY. JANUARY %. AT 10 A. NJ. UNTIL
FRIDAY, JANUARY 25. ATSP.M
AT 1O5 AND ACCRUED INTEREST. AT THIS
PRICE THE INVESTMENT YIELDS NEARLY5 81
PER CENT. PER ANNUM.
EACH SUBSCRIPTION MUST BE ACCOMPANIED
BY DEPOSIT OF PER CENT OF THE NOMINAL
AMOUNT SUBSCRIBED FOR IN CASH OR AP.
PROVED CHECK. ALLOTMENTs WILL DE MADE
UPON CLOSE or SUBSCRIPTIONS. THE RIGHT IS
RESERVED TO Reject ANY PROPOSALS. TO RE-
DUCE THE AMOUNT TO BE AWARDED THERE.
UNDER. TO CLOSE THE SUBSCRIPTIONS. OR TO
ADVANCE THE PRICE Al ANY TINE WITHOUT
PREVIOUS NOTICE
WE RECOMMEND THESE BONDS As SAFE
AND DESIRABLE INVESTMENT.
LADERBURG, THALMANN & CO.,
- EXCHANGE PLACE.
n. B. ROLLINS & CO.,
Is wALL-sT.