New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-18
q waIi.s... Yew.York, April II. Iso'

3 Wals. New.York. April II. 1890.
We Offer for sale $4,000. 900 Of the Manhattan Rail
way Comlany'- Consolidated Mortsaec per cent gold
bonds above bearing interest from April I. $500 at
% cent plus interest per cent per annum from
Arf.l l. 1890 to date of payment The bonds are in
otu n $1,000 each. with privilege OF resIstra-
ton Of PRINCIPAL
Ih,.r bond, are part Of an issue. limited to
siO,OC000O. against the elevated railway system a. a.
present r,.st.n- on Manhattan Island. including any
additions which be- made thereto Ia the way u third
tracks. side tu' As other bcttcimet' thereof sad
amount ouI, D.. increased to DioNdc fof elevated
railway hof,aft Constructed acquired constituting al
extension 81 the system. and such increase !,
limited 20 >600.O0O per mile Of double track and
S300.00O l,r mile of single track u elevated Ia.l-
WAY constituting extension ~ tie system
The bond, OF his issue are secured by
Joint MORTGAGE of Tho Manhattan Railway Company
and tLe Metropolitan Elevated Railway Com.
lany t. rle Central Trust Company of New
York. Trustee Ing tcls franchises. railway, equip
mont valuable real 's.c and terminal properties on some
@cO 900 Of which this mortgage j. hfst llci al III
ploNcncnts and Dct'imcnt, That be added thereto IN
the future together vh all Extensions OF the present sia
tenn whi,h m,y Do nade acquired under the provision
Tor The n,a.,d stated above. or the ciOO00-
600 above provided for ss68I>.00O are reserved TO take
up n the outstanding bonds ~ .he NrwNoiK lrfat'd
Railroad Company. tic metropolitan Elevated Railway
Company. aad the Bond ceitihcaos Of the Manhattan
Hallway Company.
The m.gs,i Of the Ncn.Yosk Elevated Raii'oad Com
pam into nc Manhattan aiRag Company la, been for
naiy completed tAri'fue, this mortgage = dlrcct anu
absolute ,n all "a. property o.. the NcwYofA Elevated
RAILROAD Company. Tie OF the metropolitan Ii-
,std Railway Company into the Manhattan
COMPANY L,, been substantially accomplished. ony
fc~ hundred -har,, remaining outstanding Whenever
those share, exchanged the mortgage viii cover IT,
property way that It does The property OF
the HrnlDik Company. In the meantime. tho MCuopol-
TN Company mortgages franchise, property fo all
amoul.- hereafter due By It to tho Manhattan COM
lany sna le Manhattan Company mortgages leas'hod
,~tac ln u N,-ronoit,n Company together with II, rights
4 MERGE ard pledges With the Trustee the shares Il
Mcfoimlfn already exchanged. r.crcy giving tc
consolidated Nosg,.c Bond, practically the security %
all The f4Ah4,,, property o Tie Metropolitan Com.
laa}.
The bonds offered part Of the amount appropr!
atd 20 provide for tnr payment Of land damages the
-toa o. ctafc and equipment and 'ment of he
floating d.lt aid flithar development q tho property.
Tho localities connected with Ills issue u bonds and
he creation mortgage securing them. have been
fully uY,-r;4t.d h} counsel selected by and their
opnlon- l.a} hc seen az orr Office
W would ,au tG attention OF investors o. tho official
statement Of 'ae ,aln.nr, u .hc Elevated Railway system
~ ,s .sa b., the Company, show the and stead
i- inrfa-n. earning capacity - thr property.
Statement u business Tor the year ending september
80 l-sp.
Dfo., awnings - 80 $50 %
Inefe- toad, ana rentals ......... Loot oso 90
nsan,o equal to oeloo per cent. on
tal.', -o .......... s.. loi.40j Is
The eania~- since the close Of the fiscal year shoN