The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-10
..AnkuRs Ann nKNknKe-
$3.50, 900 S S1tf U "a, FoG DR. E.
CENT 3O1YEAR BONDS, DATED JAM
AIRY lsr. 1870. INTEREST PAY ABLE
JANUARY AND JULY.


We control and offer for sale. at par and
accrued interest, and recommend 20 invcs-
tors. the above described bonds, reserNln -
the right (Which viii very PROBABLY Dee cNri-
cisedl To advance the price al any time with
portsmouth is q conservative and growing
CITY. with population of l2tOu most adj
VaufageOuslV situated on Norfolk liarDor, op-
posite the city Of Norfolk. Va.
II may nov be considered practically the
outlct and ocean terminus Ot three great ral'-
road systems. tO-Wit: The Seab AIT Line,
the Allan ic Coast Line. and the Richmond
and panvillc. the two latter systems reach
irp thp ocean over the Norfolk ana tnfoliNa
pnilroad completed March. 1880, which
tnev Jointly own, extending from larporo, \.
g.. 10 Portsmouth, distance OF about 100
miles. ,
made 10 the railroad facilities Of the port by
the opening i'm February. 1890, Of me Atlali-
ticand panyille railroad from Portsmouth
o. 1anyiile. which road is now being tNlcup-
cd uuder the charter OF another company INTO
the rapidly developing mineral region OF
Southwest Virginia.
Nc nike the following extracts from let
fer inst received from Mr. James II. loomrf,
The chairman OF the Finance Committee OF
the Conmon Council OF Portsmouth. who.
I'm Ter date Of April 2sth, $500, writes Us
officially as follows;
"The opening OF the Atlantic ana
ianvilio Railroad has already done much l"r
W
of business i'm all lines. TOT Nlhouti
has never repudiated any OF her dehts' aul
TODAY there Is no claim of any kind against
the city due and unpaid
The assessed valuation Of taxable properly
for 1850 was about ciOOOOOO. The true vail
uatfOu for that wear WAS cOn-erNatlNelN tsil-
mated al SBOOp,OnO. since the close OF the
wear new and important railroad lines nave
been opened aud other advances ln me
grow On and pro perty Of the city have taken
P'Ii' Tue assessment now being made should
show a very material Increase IN values ol ah
kinds. o,ooa ...
The city tax rate of Portsmouth Is sl.oo, the
same as that OF Norfolk. , ,-....
The total bonded debt, Including TINS issue
of bonds. is s501 300, orabout so per caplla.
The per capita debt OF Noiloik' ioi Mi"sv
rer cent. bonds los has been bid. Is 50. Inc
bonded debt per capita of DanVille, Va.
city but little larger than Portsmouth, hhd
whose 5 per cent bonds also command q pre-
MUM, r. s6s. AT par and interest llese
are ccri iedlv the cheapest ana most aiiiit-
live hirh grade municipal bonds no the state.
The available assets Of the city are valued
al ABOUT s36OOOO, lnclu Ing one-hall ihteies.
ia the Norfolk County Ferries, cllo'uoo' "ii'
public buildings valued at eS3.OOo'
The LEGALITY aud regularity ol thiH lNsu, ga
fr,ndS ms been examined into ana approved
bv our counsel, Messrs. W lltc * o"theit'
leading LAWYERS OF Norfolk. va; ,...
We espcciaily recommend thtsf noilb9 ~
SAVING. institutions, nduciarlcs, ana othtiatO
whom absolute security is greater o'9e''
than a hlgh rate OF instant. .,o.
rbe b,uds are 70 letmable after 1910 al par,
al the pleasure Of the CITY. ..,,.,,,
THOMAS BRANCH co.
Bankers. Richmond, Va
JOHN ]. WILLIAMS * son,
May, 1890 bankers Nl'"i"'"'' dc
A fun report of tie affairs and finances al
Portsmouth may Doe found oh pages ~ ,'LI
- If John l.. " illiams * sons M"nuai oil
Investments for 1890.