New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-23

rHE CENTRAL TRUST COMPANY OF NEw.YoRK.
TRUsTEE
The Union Elevated Railroad Ia leased and operated
by the Brooklyn Elevated Railroad the two companies
forming one system known as the Brooklyn Union
OF this system. the Broadway section to Williamsburg
Ferry o7e miles and tho lower Myrte.avenue section,
is5 miles 10 the Bridge form the portion Of the Union
Elevated Railroad Company already constructed and IN
operation The Bfthavenue line TO Greenwood Cemetery
BIO miles ana middle Myrteavenue line 162 miles sTs
now In course of construction these sections when com
pleted win give the Union Company total mileage OF
% miles Other valuable extensions projected The
mileage of the entire system is 11se miles and when
completed 1t will extend about 10 miles Of road con-
Meeting with the NewYOrk and brooklyn Bridge and al
the prominent ferries
The Brooklyn. Union system Of elevated railroads ira
verses the densey populated and commercially imDortan,
section Of the city Of Brooklyn. and is rapidly developing
OF well drained and cheap lands. larger in
the whole Of Manhattan Island the furthest
point of which only "a mics distant from
York City Hall dhe distance nom that point 11ohs
in New-Yorp.
The New.York elevated roads upon completion In 1870
carried about 100000 passengers In 1887 they carried
about 17o.0oo.000
The population Of Brooklyn (withous suburbs has in.
creased in 81 years from 63I,3S3 to r92,-
$50 at the rate ot72 per cent per dseade) The per-
OF increase Is upper wards
by elevated roads, and erection OF dwelling houses
continues in that quarter az most remarkable
nNe upper Wafos inc increase OF population In 30
years has been at the rata Of 1875 per cent per
decade.
The Broolyn-Union IS stem OF elevated railroads al.
though in its infancy and far frSm complete ret
ready earning than s nxed charges. with constant
gross earnings against very insignificant in.
in operating expenses The tho Unlsn
Elevated Railroad Is the best and strongest OF kind
and Is approved BY The most eminent engineers.
The mortgage the entire property OF the company
now owned or hereafter 70 be acquired including an ample
equipment. aud Is limited to s55o,o0o per mile.
The Union Elevated Railroad organized under the
supervision Of the law Arms OF Mez1S Hoadly LAutsr
bach & Johnson and Messrs wingats & Cullen counsel
for the company. The charter franchise. mortgage and
bond have been examined for by MeSrA Evsr Choate
Beaman, and by other eminent counsel
Application has been made for tho onnclal listing OF
those bonds plumbers 10 9o5 neusve) upon the New
York Stock Exchange.
The bonds coupon bonds Of e1 900 sach with pro-
vision for registration OF the principal
SUBSCRIPTIONS WILL BE RECEIVED BY THE
UNDERSIGNED FOR 81, 100000 CBEING THE
UNsoLD PORTION or THE ABOVE BoNDsl FROM
WEDNESDAY. JANUARY %. AT 10. A. NJ. UNTIL
FRIDAY. JANUARY IS. AT . p. NJ.
AT lOJ AND ACCRUED INTEREST. At THIS
PRICE THE INVESTMENT YIELDS NEARLY Sd
PER CENT. PER ANNUM.
EACH SUBSCRIPTION MUST BE ACCOMPANIED
BY A DEPOSIT OF PER CENT. OF THE NOMINAL
AMOUNT SUBSCRIBED FOR, IN CASH, OR APP.
PROVED CHECK. ALLoTMRNTs WILL BE MADE
UPON CLOSE OF SUBSCRIPTIONS THE RIGHT Is
RESERVED TO REJECT AMY PROPOSALS. TO RE
DUcE THE AMOUNT TO DE AWARDED THERE
UNDER TO CLOSE TIRE SUBSCRIPTIONS, OR TO
ADVANCE THE PRICE AT ANY TINE. WITHOUT
PREVIOUS NOTICE
WE RECOMMEND THESE BONDS As A SAFE
AND DESIRABLE INVESTMENT