New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-11
financial.

$1.OOO,OOO
|st. Mtg. 5 Per CT. 80 VI. Gold Bonds
SYRACUSE CONSOLIDATED
Street RAILWAY COMPANY
Syracuse, New-YOrk.
ToTAL
Bonds dated July 1. 1890, due July 1. 1870.
INTEREST PAYABLE JANUARY AND JULY AT
CENTRAL TRUST CO., NEw.YORK,
Trustee Of the MortGaRc.
PROVISION Is MADE FOR REGISTRATION OF PRlN'
CIPAL OF BONDS.
PROPERTIES PURCHASED.
THE SYRACUSE CONSOLIDATED STREET RAIL-
WAY COMPANY acquired by purchase free Of all liens
June 49, 1890 all the properties and franchises OF the
following street railway companies operating In the oiIh
OF SYRACUSE and comprising 80 miles OF track VIZ
Third Ward Railway Co. Electric system)
Fourth Ward HALLWAY 90. OF Syracuse.
Fifth Ward Railroad Company.
Seventh Ward Railway Co. Of Syracuse.
Eleventh Ward Street Railway Company
Genesee md Water street Railroad Go.
Syracuse and Geddes Railway Company.
Woodinwn and Bufternut ST. Railway Co.
New Brighton and Onondaga Valley X. X. Co.
INTEREST AND DIVIDENDS.
These properties always met their obligations
promptly instances have in addition paid re-
munerative dividends their respective stocks.
EARNINGS AND IMPROVEMENTS.
The charters and franchises OF the above roads are per-
petual and practically exclusive thus insurng an unhter
rupted business free from competition securing to the
consolidated system large and steadily increasing trahc
THE PRESENT EARNINGS ARE ABOUT s200,Oo0
GROSS AND $4,000 NET PER ANNUM.
The saving operating expenses by merging nine nde'
uder ira
other contemplated changes and improvements Is es-
timated will increase the net earnings to 100000 per
annum and the passenger traffic from 4o0oooo 70 over
100000.
The consolidated system has been granted charter and
to bring the required properties common CEN
the principal business portion Of the city, thereby al
fordng ample facilities TO the public for reaching any part
Syracuse without interruption and at uni.
form Ct fare. The various extensions and improve
ments contemplated enable the consolidated system TO
increase its nearly 40 miles all OF which, TO-
gether with property Of every and description is and
will covered by this issue of s25o0o0 first mortgage
JULIUS SECURITY OF BONDHOLDERs.
the 81 900 900 now offered can DO
issued except upon application to the Central Trust COM
pay by the President Board o; Directors OF the Ccnso'
dated Street Railway Company applications Tor the re-
naming bonds in the Trust Company to be accom-
panied proper vouchers showing amount OF cash actually
expended for improvements and extensions
Under the terms of the mortgage the bondhodes are en-
titled a representation four out of thirteen directors
GENERAL INFORMATION.
Syracuse has population Of about 100000 and is rap
| idly expanding in all directions.
Every important point is reached by the consolidated sys-
tem including the towns OF Geddes and New-Brighton
at OnGndaga Lake, State Fair Grounds.
Driving Park Base Grounds Syracuse University. de-
pots Of the NewYork Central West Shore Delaware Lack
awanna and Western, and Rome WATERFOWL and ogdens
burg railroads also all residential and business portions Of
| the city.
Provision has made for the introduction Of i'm
proved motive power which, In the Judgment Of the com.
| rany 1t may be deemed wise TO adopt
The consolidation OF the nine properties mentioned has
been carefully supervised by our counsel Messrs Howard
Mansfield Of New-York and Louis Marshall OF Syracuse
Comics OF the mortgage and other information be OBJ
| tanned the undersigned
! Applications for bonds will be received mt tho
Offices Of the undersigned
At PAR AND INTEREST,
.ubiect TO advance in price, without further notice.