The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-06
LIFE is WORTH LIVING,
and best Of all Liver Medicines DR.
DAVIDS LIVER PILLS
d! HOW DELICIOUS:
Is one of those CHOCOLATE MILK SHAKES
OWENS g. MINOR DRUG CO.'S FOUNTAIN
GET A LIrTEADE AT
OWENS & MINOR DRUG CON|PAHY's FOUNTAIN
.;AnnnRs AeD shOAEK-
$3.50. 900 & S5EH o "a, F : r =;
CENT. 3O2YEAR BONDS, DATED JAN :
AIRY 1sr, 1890. INTEREST PAY ABLE

JANUARY AND JULY.
We control and offer for sale, at par and
accrued interest. and recommend 10 lhNts'
tors. the above described bonds, reseiNlnS
the right (which will very probably bc eAtI-
cisedl to advance the price at any time Win
out notice. ,
Portsmouth is q conservative and growing
city with a population of l2,OOo; most hu-
vantageousv situated ON Norfolk harpor' OPP
posite the city OF Norfolk, Va.
II may now be considered practically the
outlet and ocean terminus of three great ral'-
road systems. to-wit The Seaboafd AR Ilne,
the Atlantic Coast Line. and the hlchhoii'
and Danville. the two latter syste,ns IT'LL
ing the ocean over the Norfolk ana Carolina
Railroad completed March, $500. WAlcn
they Jointly own, extending from IarDoto, \,
g.. To Portsmouth, distance OF ABOUT iVo
miles. ,,.,,.,,. ,,.,
made To he railroad facilities OF the poIt ny
the openiug in February, $500, OF me Atlali-
nc and DanVille railroad from Portsmouth
to Danville, which road is now being eAlenu-
ed under the charter Of another com ahy lnlS
the rapidly developing mineral region VI
southwest Virginia.
We take the following extracts from lel-
ter lust received from Alr. James IL. loomei,
The Common Council of Portsmouth, VINO
nm Ter date Of April 2Sth. 1890, writes US
officially as follows:
,sIhe opening Of the Atlantic ana
Danville railroad has already done much lpr
the city and we are hoping for an increase
of business In all lines. portsmouth
has never rcpudiated any OF her depis, ahu
to-day there is no claim OF any klnd against
the city due and unpaid .,..
The assessed valuation of taxable property
for 1889 was about si.OOO,OOO. The true val
nation for that year was cOn-eryatively tstl-
mated at S6uOpOOO since the close oi tllc
wear, new and important railroad llhrs haSe
been opened and other advances IN the
Ia
The assessment now being made should
show a very material increase IN values Oh az
kinds .,oo =,
same rs that of Norfolk.
The total bonded debt including this issue
of bonds, is 1891 300, or about SO per capltn.
The Der CAPITA debt OF Norfolk, for whose
per cent. bonds lOS has been bid, Is So me
bonded debt per capita of DunYllle, VA
city but little larger Than Portsmouth, ana
whose . per cent. bonds also command n pre-
mimi II SIS Al par and interest these
are deri ediv the cheapest ana most attrac-
tive high gia..c municipal bonds In the state
The available a,sci> of the city are valued
al about S36OWO, iuclu iing one-halt interest
IN the Norfolk County Ferries, cllO,'OJ, ana
public buildings valued at eS3WO
The legality und rcgu atity OF TINS l>hue Oh
bonds mas been examined into and approved
bv our counsel, MessrS. Whltc * buIhcl'
leading LAWYERS Of Norfolk. Va.
We especially rec Immend these bonds 10
saving, institutions, II luciarios, aud othersio
whom absolute security Is "A greater ohJect
than a hIgh rate Of Instant
/ The bonds are redeemablc after 1910 Al par
at the pleasure Of the city.
THOMAS BRANCH q co
Bankers. Richmond. Va.
John T.. WILLIAMS * son,
May, 1890. bankers hlcnhVHu' va
4 full report Of the affairs and finances OF
Portsmouth may be found on pages 81 ana
- of John l.. W iliiams ~ sons Manual OF
InVe tmcnfs for 300.