New-York tribune., 1890-06-30
N. Y. CENTRAL & HUDSON RIVER
RAILROAD COMPANY.
SUBSCRIPTION FOR S6,OOO,OOO
4PER CENT GOLD DEBEMTURE BONDS
PRINCIPAL PAYABLE JUNE 1sT. 1905.
INTEREST PAYABLE JUNE AND DEC. l..
Bosh Principal and Interest payable In tho City q
New. ork, Ia Gold Coin ofthe United States Of
Present Standard Weight and Fincuess.
COUPON BONDs OF $1,000 EACH.
REGISTERED BONDS OF
$1,000, $1,000 AND $4,000 EACH.

NEw.YORK June o. 1890.
We Offer for sale 5000 900 Per Cen, Gold Debcusure
Bonds OF the New.York Central and Hudson River Ral.
road Company.
The price IO2 and accrued interest payable 10 per
cent allotment. and the remainder before De.
livery Of the bonds. At the option OF purchasers. The
de0nitye bonds will probably be delivered during the last
part Of July Receipts wi In the meanwhile, be given
for money paid
The s6oOOooo Of dcbentures now offered part Of
s5 600 900 authorized be issued by the company The
debenturcs the proceeds thereof, VIII be used
clusivcly for the purchase acquisition Of additional
equipment adequate for the Increasing business OF the
company, and for carrying on the construction work Of
the company including the completion Of the additional
approaches to and enlargement Of the New-York City
terminals well the new terminals at Buffalo.
The dcbcntures contain covenant that In case tho
shall hereafter any mortgage upon It's
property and franchises any bonds other
obligations issued 10 be issued the debenures OF which
this issue ferns part shall be specifically provided for
by such mortgage And in order that the issue OF these
debentures shall be kept within the authorized limit each
provision that it is be valid until
counte'sgned by the Union Trust Company Registrar
The company has agreed apart each year during
the currency Of these dbenture the amount Of 100000
and that IL will from time 10 time the yearly amounts
apart IN the purchase for cancellation 0, such
debentures at such prices as in the judgment Of the
Board may be for the best interests Of the company.
II. and far the deboRtures may not be 50 pur.
chased the said amounts and derived
establish, be providing for the payment d
such debentures at their maturity
The capita! stock Of the company sso42s 300 and the
funded debt exclusive Of the present ISSUE u
81 1888 1923
Tie earnings Of the Tcw-York Central and Hudson
River Railroad Company officially reported for the
ending s pt. 30, 1889.
Hi9 --fo-o'o -oo-S
The operating expenses were......... % 10 $500
-
Making the net earnings s1l 9S5 COZ SO
Tho fixed charges NEUTRALITY-SUSPICIOUS.. 1865 o6O 50
Leaving surplus fixed charges Off,. si1l7d3iH
The figures given for the fist e2ht months o. the
present year May 81 compare follows with those for
the period Of the previous year MAY. 1soo being
partly essmatedJ
Operating expenses. l5155,ol3ll l6,2o5 900
Net earnings .............. sT5si57s.34 ss.o5Iooo
Fixcd charges ......... 5 285 10000 5.2i1,oO0
Surplus over fixed charges. e. 23i9, 21s3t 80 $4,000
The bonds are not liable be drawn compulsoily
deemed prior T. maturity in 1905. They issued
either In coupon form 81 600 each bearer in rcgs
tered certificates OF 600 - 600 and $4,000 each Cou
non bonds nav he converted registered certificates
the option Of holders.
The subscription list will be opened in Offices at 10
o'clock on the Of Monday June 80. and closed
Tuesdly July l. at p. upon earlier notification
from London and alloments Will b. made promptly as
po,sibe thereafter We the right 70 reject any
Implications and u aot smaller than those ap
piled .or
nnrVrI MADAM o m