The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-20
sAgAEas aaD HRoKsK
SIOUaUUU MOUTH, VA, . PER
CENT. 3O-YEAB BONDS, DATED JAZZ =
AIRY lsr. 1890. INTEREST PAYABLE
JANUARY ANDJULl.

We control and offer fir sale, mt par ana
accrued interest, AMI recommend % lnNes-
| tors. the above described bonds, reseINlhe
! the right (which Will very probably hc eXDr-
ciscdl o. advance thc price no any time VIM
ont notice. .t....
civ. with a. population az 1000. most ad-
Vautaeeouslv situated ON norfolk liaibof, op
posite the city OF Norf1lS, Va.
| 10 may nov be considered piacilcaily tht
outlet and ocean termlnuso OF three great idiI-
road systems, fO-Wit: Tho ScaD l1id Air Llue,
the AtmnIc Coast Line. and the Richmond
and Uanville, The two latter systems ie4ch-
ing the ocean over tie NUliOli, aud carroll q
Railroad completed March, $500, which
tiev Jointly own. extending nom Iarhoro. \.
t.. 10 Portsmouth, distance III about 100
miles. ,
made 90 the railroad facilities oI the port by
the Oueufug in February, 1880, OF me attain
lie and paaNilie railroad from PORTSMOUTH
% Danyillc, which road is no" ooinR extend
ed under the charter OBJ another company inio
the rapidly developing mineral region OF
Weiake the following extracts from let
ter lust received from IN. Jane, ii. loDmct,
the chairman Of the Finance committee az
Inc Common Council OF Portsmouth. VINO.
un Der date Of April 2sth, 1880, writes us
officially as follows:
..rhe opening of the Atlantic and
Banvilie railroad has already done nuch i't
the city. and We are hoping FOR an increase
II business ia an lines. tCi iioutl,
has never rcpudiated any OF her debls' tho
to-day there is no claim OBJ amy Kind against
the city due and unpaid
for 1889 Was about "A COCOON. The true val
uatiOn for that year was con-erYaiiFelN esl1-
mated 40 $500 1850. since the close oil tht
year, new and important railroad INES nave
been opened and other advances I'D lhe
growth and pro 'peIiiy oi the city nave taken
Ulace.
The assessment now being made should
show "a very material Increase lhNalDc' OF alI
kinds. .. ~,
same as tnnt OF Norfolk.
The total bonded debt, including inns issue
OF bonds is si9l 800, or abOut SD per cdplla.
The per capita debt OF Norfolk. FOR whose D
per cent bonds los has hoen bid. Is -. me
bonded Deht per capita OF Danyllle, Va, "a
city but little larger ihtn portsmouth, ahN
whose per cent. bonds also command "a pre-
MUM, II SIS. Al par and interest these
are decidedly the cheapest and most afliac-
tive hiah gradc municipal bonds ma lnc STATE.
The available assets of the city are valued
az about $3.50 600. including one-haii interest
la the Norfolk County Ferries, SllO,uup. ana
public buildings valued no cs3,VOD.
The legality and regularity OF thla issue ni
bonds ms been examined into ANA approx ga
by our counsel. Alessrs. WINE * Garnet,
leading lawfc FRS OF NorlOif, Va.
We especially roe )mmcnd these bonds 10
saving institutions, 1ducIarics, and others To-
whom absolute security Is creator OBJECT
than q hIeh rate OF instant.
Tie bonds are re lecmablc after 1910 Al par,
nj The pleasure OF the city.
IIiJMA~ BRANCH 81 co.
Bankers. Richmond, Va.
JOHN L. WILLIAMS q son,
May, 1890. Bankers, Richmond va.
4 full report Of the affairs and finances ot
Portsmouth may be- found on pages ~ ana
- of John J.. W illlams az sons Manual Oh
Investments for 1890.