New-York tribune., 1890-04-19
c3 wall.s,.. Ncw.York. Arrn a, 1890.

% Wall-st.. Ncw-Nork, April ~, lS'O.
We offer fof BALE $4,000 coo Of the Manhattan Rail.
way COmpanys consolidated Mortgage per cent gold
bonds ABOVE aLcafng interest from April |. 1870 at
90 per cent. pu, interest at per cent per annum from
Apr!l l. 1880. to dat Of payment. The bonds are In
coupon fom q 7ioco each. with privilege Of reeistra-
tion Of principal.
These bonds arc part OF an issue. limited t.
Sio,GOO.OO0. aean, the elevated railway system as at
present existing Manhattan Island. including any
additions which be made thereto in the way Of third
tracks. side tracks. other bcttrimonts thereof SAID
amount only b. Increased provide for elevated
railway hereafter Constructed acquired constituting an
extension O; the p.escnt SYSTEM and such Increase is
limited to SGOO.OO0 per mile Of double track and
S3O0.O0O fer nile of single track II elevated rail-
way constituting an extension Of the sy't'ms
The bonds Of .his issue secured BY a
Joint mortgage oi the Marhattan Railway Company
and the Metropolitan Elevated Railway Com
Iany to ue Central Trust Company of New
York. Trustee covering tcr fianclsc- railway equip
mrnt valuable real ot and terminal properties ton some
$500 Oop oi which this moitsase is first Hem al! I'M
piot' mont, and hti"imon at be added thereto IN
tic fuic together with au Of the present - =
ten which may be made or acquired under the piovslo"
To- the nc,asd Issue stated above. or the oiOCO0-
O0O above provided io s26Jis 600 are reserved to take
up al a., outstanding boads Of :hc Sew-YoiA Lr'ated
Ha.iro,d Coiplny t.c N,tIouotan Elevated Railway
Company. aad the Bond Certacl'es Of the Manhattan
Ral.aIt IOApIuy.
The merger Cd; tac Ncv-yosk Elevated Railroad Com
pany into .o Manhattan Railway Company has been for
mailY completed tlcf FORE ts mortgage is direct and
ab.ril.r l, all the property oi the NevYorH Elevated
Railroad Company. - Of the Metropolitan No.
,stcl Eanr9, Comlan, into the Manhattan
Company la. been substantially accomplished, only a
fcs hl'dica snaro, remaining outstanding. Whenever
ih1s. Exchanged tls mortgage will cover IT,
property n tlo Tat 10 does :hc property Of
ile Nfnlo.. Company. In ih- antiuc The MctroDol-
.ln Conn any llit.a- 10, franchise, and property i0r all
aunn.. no Df l,tr dgr bg II e. the Manhattan Conn
laly and Manhattan Company mortgages IL, lca- hold
estate u Metropolitan 'ompsay together with IT, rights
u merger aud nl.d1,s wi:h the Trustee the shares o
Nc'foilt.i . alf0idy exchanged. thereby giving the
Con-oid,td Not1a-c Bond, practically the security u
au ;lo franchise, and piolclti o, the .;opoan Com
Iory.
The bond- oic-,d pant Of the amount appropr.
af.d to provide ior tie ~, .et of land damages the
qui;oa q r,ai ctate and equipment and payment Of he
floating lt ali f..ttr d,,ropn.n, o, thc property.
The l.-i.. connected with mis- issue Il bonds. and
.h CREATION n tle mortgage ulns them. have been care
fully Investigated by counsel selected hy and their
opinions iay ie seen a. our onl,c.
w would call r attention - Investors 20 tho official
- furnished hy Company showing tho and stead
lly Increasing earning capacity u thc property.
sat rent u business f.. the year ending september
go. 1850.
"ro.- 'lrnine- e7V 30
pp.latns expenses and 5i--,59i -
So earnings. Gis. iSl -
Interest on bonds and rentals ....... 1854 $50 90
nslonc. equal to ooloo per cent. on
CAPITA tto --...-- fod Is
The carn-. since the close Of the fiscal year show
fr