New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-13
S3,5oo,ooo
WABASH R.R. COMP ANY
FIRST MORTGAGE So BONDS,
Due MAY |, 1899.
PRINCIPAL AND INTEREST PAYABLE IN GOLD
COUPONS PAYABLE MAY AND NOV. At THE
CENTR AL TRUST COMPANY. NEW-YORK,
TRUSTEE FOR THE MORTGAGE.
COUPON BONDS OF 81. 900 EACH.
WITH PROVISION FOR REGISTRATION
OF PRINCIPAL.

The total amount ~ bonds authorized under this mort
is $3 600 0O0 q which there outstanding
go 600 The remaining i11 al 900 held in trust
to the old bonds the Of Mississippi
River they mature, and It Is co,cnaHtcd in the nov
mortgage that the old bond, shall be extended at
maturity.
The s22.e59.ooO bonds outstanding an ABSO-
Lutte FIRST MORTGAGE on .hc lines OF tho Company
east Of the Mississippi River in all 1,011 300 miles,
at the rate Of about SO 600 per mile. Also all tor
mnals and equipment owned. and all rights. fran
cScS. leases and real and personal property owned
hereafter to be acquired. The covers also
all the ,tnos owned OF the river 1871 $4,000 miles.
with terminal, and equipment subject to the bonds now
outstanding for the retirement which at maturity pro-
vision f. made stated above.
The equipment owned consists OF GOO freight cars.
2o4 passenger and POS locomotives valued approx
matoly at - 600 900.
The physical condition Of the property is good thor
having been expended for bcttemcnts during The two
years Of the reccy,r-hip ending Dec. 81. 1SsS. over
1900 600 Of which the receiver estimates that az
least s2,500coO We're for permanent Improvements.
The value Of the terminal property o. the Company f.
great that in East St Louis and S. Louis being par
ticuiay valuable. and 30 j, bound to appreciate with
time 100000 Of the capital stock Of the Chicago and
Western Indiana Railroad Company being onchi,h Of the
issue Is covered bv the mortgage under which The
bonds issued. by Viituc ~ t, the entrance T.
Chicago and the Of the extensive terminals there are
secured
In addition to the mortgage the Company has the
following securities outstanding;
second Mortgage .......... 81 1000 600
Debeuiure., interest payable only If
earned 3"'ooo wv
Preferred stock !looo'"""
Common stock 2S,OoO0oo
THE MET EARNINGS OF THE COMPANY AFTER
PAYMENT OF OPERATING EXPEN>IS AND TANEs
FOR TILE SIX MONTHS SINCE THE ROAD HAS
BEEN OUT or RECEINEI:S HANDS. FROM July
l. 1850 TO JAN. l. 1880 DECEMBER EARN
INGs BEING PARTIALLY ESTIMATED
WIRE ., OSl ,27j IL
FROM WHICH DEDUCTING FOR RENT.
AIS lo3'-J IS
THERE REMAINS ................... 1917. SOL %
AprITCABLE TO THE PAYMENT or INTEREST
CHARGES THE INTrRt>r CHARGE "N THE
FIRST MORTGAGE BONDS OF THE COMPANY 90
TIE SIX MONTHS II sH57 .757 50 AID FOX THE
ENTIRE YEAR IS $1,3ljjlj.
From tho above it will he seen that the earnings
ofthc company for the six months, applicable TO inter-
est In We been more than sufficient tho intcres;
for the entire year on all their first mortgage bonds.
THE UNDERSIGNED WILL RECEIVE SrBSCEII+
TIONS IOE TlI. ABOVE BONDS AT TO- ANp
ACCRUED ISTLREsT, THE LISTS TO IL OPENED
CLOSE 0N FRIDAY. JAN. H. AT p. NJ Or
EAHLIER.
WE CONSIDER THE BONDS SAFE FOR INVEST
MFNr AID LINELY 10 APPRECIATE MATLHI-
ALLY.
VERMILYE & co..
AND - NAssAr.sT.
[. Won HOFFMAN, & CO.,