The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-09
..NnrR. Ann nKoKrKs.
c1SO OOO CITY OF PORTS
SlOU.UUU MOUTH, VA, . PEI
CENT. 3O-YEAR BONDS, DATED JAM
AIRY lsT. 1890. INTEREST PAY ABLE
JANUARY AND JULY.

SlOO.OUO MOUTH. "a, . PEf
CE1T. 3O,YEAR BONDS, DATED JAM
AIRY lsr. 1890. INTEREST PAY ABLE
JANUARY AND JULY.
We control and offer for sale, at par and
accrued interest. anl recommend 10 inVes'
tors the above described bonds, reserNlnl
the night (which will very probably be eXtr-
cisedl 10 advance the price AT any time WIN
out notice. ., ...,,,,.t,,.,
CITY with a population of 10000, most al
Vnittageouslv situated on Norfolk liarDor, OPP
posite the city of Norfolk. Va.
IN may now he considered practically me
outlet and ocean terminus oi threc g.eaI I ,'l
roqd systems. lO-wit The SeabDard AR Line,
the Atlantic Coast Line. and the klchlhonu
ana pauyille. the two latter systems ie,ch-
ing the ocean over the Norioik nun N"IIli LIZ "a
Railroad completed Maich, 1871, WIZ
they Jointly own. extending from larnoto, y
a. To- Portsmouth n distance Of about 100
miles. .,.tt,t,,, ,,.,s
made 10 the railroad tacllltles OF the POI, ps
the opentug in February, 1890, OF the Atltli
Tic and Danyillc Railroad from forlsIn"ul u
10 Danville. which road is now being eAlelu-
cd under the charter Of anOthe- company mo
the RAPIDLY developing mineral region VI
~out1Wost Virginia. ....., -,
ter inst received from Nh. James III. Ioomef,
The chairman Of the Finance committee o'
the Common Council OF Portsmouth, WIZ
un Ter date OF April Zoth, io''i wiz" w.
officially as follows: .. ,
"Ihe opening OF inc AlaUu' anu
ponvflle Railroad has already done much l"t
the city and we are hoping i.r an .lci ,.'i, 81
Of business i'm all lines. loitAInou.ii
has never repudiated any Of her debts, and
to-day there is no claim OF any klhu asdlhs'
the city due and unpaid ,.
The assessed valuation OF taHaDie pI"pcitF
for 1850 was about si,OOO.OOO. The true Ndi-
uotion for that wear was cOn-erNallNely tst-
mated at So 900 900. since the close OF the
year. new and important railroad ilhvs my ~, I
been opened and other advances III wy
growth and prosperity Of the city nave taken
Ihe assessment now being made should
show a very material increase IN Vaiues Oi "
kinds. ..,,.t,e, On ,b
same as that of Norfolk.
Tne Total bonded debt. including TINS issue
of bonds. is 1891 300, or about go per capita.
The per capita debt of Noriolk' tor Wiios -, ,
per cent bonds los has been bld, ~ 80; lht
handel debt per capita Of DanVille, va y
CITY but little larger than Portsmouth, ana
whose per cent. bonds also commitilu plo-
MUM il Sos At par ana lhtcIt - u.s.
are decidedly the cheapest anu nus So,
The available assets of the city are Nalueu
"a about s.gsD D0n, including One-hali interest
m the Norfolk County Fetties,, - ~ io'oVo' anu
public buildings valued ~ so3VoO. . ,
Tho legality and rcgu arity of TINS issue OF
bouds mas been examined into ana appIoftu
bv our counsel Me>srs. Whlle * HaIhct''
leading LAWYERS OF Norfolk. Va;
We especially recommend these bonus -
sovinp, institutions, filucarics. ana DINERS ~
whom absolute security Is greater 0nycc'
than "a high rate Of instant ,o,o..
The bonds are reieemable after 1910 AT par
nj the pleasure Of the city. go
90 '''N JuOMAS BRANCH & co.
Bankers. Richmond, Va.
JOHN l.. WILLIAMS son.
May, 1890. bahhe's' hi'"'"0''''
4 full report Of the affairs and finances o.
Portsmouth may be found on pages 81 iiho
" OF John l.. Williams & sons Maiuai
| Inve. tmentS for 1890.