The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1889-02-12
Subscription Lists 'oW be open
mill March Is, 1899


The stock will be held by mem
bers of the Company until portion
of the bonds are redeemed.
The Company also propose TO is
sue 100000 of Z per cent. bonds,
secured as first charge or mort
gage upon the entire property and
undertaking of the Company. The
bonds are offered for public sub
scription, at par, in denominations of
S25, 500, $500 and $1,000. The
amount subscribed will be payable
as follows: 20 per cent, on applica-
ton, and the balance in four equal
payments on the following dates:
April LIST, May LIST, June 1st and
July 1st, 1889. 1t is proposed to
issue the loan in bonds of the fol-
lowing series: A B and G; the
amount of each series being $780,
600. Series A will be redeemabe
at the option of the Company any
time after two years from their date,
and not to exceed ten years. Series
B will be redeemabe at the option
of the Company after four years
and within ten years of their date.
Series G will be redeemable at the
option of the Company after six
years, and not to exceed ten years
from their date. Interest will ac-
crue from the dates of the payments
| of the installments, and will DO pay
able on the first of January and the
first of July each year.
OFFICERS AND DIRECTORS.
Hon. w. r. Castle. ..... President
Hon j. L. Dowsett. ..........
.......... First Vice-President
| Hon. w. c. Wilder.
Second Vice-President
Geo. G. Williams, Esq. Secretary
Hon. M. p. Robinson. ...Treasurer
Hon. w. f. Allen. ....... Auditor
Directors: S. c. Allen, II. Levers
and Thos. r. Walker.
SUBSCRIPTION LISTS.
Will be found at the banks of Bishop
& Co. and Claus Spreckels & Co.
and also at the office of the Com,
pany, second floor of the new fire.
proof building, opposite the Post
office, on Merchant street, where the
Treasurer or Secretary will be fount
ready to receipt for subscriptions
between the hours of 8 and II a
m. and ! and 4 p. m. every day
Sundays excepted.
Printed circulars issued by The
Company, for the purpose of thu
formation of Clubs, whose members
may desire to subscribe for bond
to be redeemed by the Company il
payment for land when the road i
completed, will please note tina
such circulars are signed by thu
Secretary, Mr.. Geo. G. Williams
and numbered. Those holding tn
lists and soliciting subscribers will
be notified at once by the Treasure
as soon as completed, upon receip
of which the subscribers will be no
titled at once by the Treasurer t
call at the Office of the Compan
and pay the amount Of first install
ment. All subscriptions not secure
t by the first payment on or befor
, the fifteenth of March, 1899, will b
cancelled. Subscribers to bond
will have FIRST choice OF lands sol
, or leased.
PROSPECTUS.
This Company is formed fol- TIL
, purpose of constructing a line {
railway between the City of HonC
lulu and the District of Eva, on til
Island of Oahu, and to extend I'll
same at their pleasure to any pa
0 of said Island, southwest of IL
Koolau range of mountains, an
west of Honolulu, and to work sue
line when completed, with all Il
rights and privileges conveyed /
Special Act, 1888, to b. f. Dillin'
ham, including the exclusive rigI
j, to operate Steam Railroad or Raj
: roads for the "Pearl River Line,
= for a term of twenty years, durir
9 which time all property fairly nece
sary to the reasonable constructio
= maintenance and operation of sur
= road or roads shall be exempt fro
= taxation.
The following is list of proper
> which will become security for Il
> issue of First Mortgage Bonds to t
;, amount of S30O,OO0.
= Fifteen miles of railway with 30
y" steel rails, ohia ties, and tirst-cla
= equipment of rolling stock, inclu
: ing two American locomotives al
- nineteen cars. Not less than 5
r stations and car sheds; right of W
. for railway; thirty miles fencing
% track 2,0l0 acres of land in fe
D perfect titlc $4,000 acres und
y lease for nearly twenty years 81
- teen miles new 5-wlre fencing {
:; = closing the above land; 1000 he
- of cattle; 80 head horses runni
- - upon said land and the steam
- ''Ewa."
:, LAND.
Id The land in fee has frontage
e. ! one and a half miles on the Cove