The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-15
nanxrRs AID nRoKERs.
S15O.OOO MOUTH, VA, o. Pr l,
cE<T So,YEAR BONDS, DATED JAZZ
AIRY 1sT. 1890. iSlh"HSi RAJ "D'''
n~frARY AND JULY.

W. control, and offer for sale, nj par and
accrued interest, and recommend 10 lnNes
tors the above described Donus. reseINins
I'm riaht (which VIII very PROBABLY be exsr
c en. 10 advance the price at any time WITH
out notice. ..o.,.a, ,,, o,d orowtng
city. with population OF lz!Wv, most an-
vantageOusiv situated on NotiVh htfDoi' w
posite the city Of Norfolk. va. A.
N may now be considered practically tne
outlet and ocean terminus OF lhree great rti
road systems, to-wil The Seapbafd AT iln.;
Tho Atlantic Coast Line. and the Richmond
and nonviIle. the two latter systems reach
Jr,, the OCEAN over the Norfolk and taroilna
,,otiroad completed March, 1890. when
they Jointly own, extending from larDoi" ~,
a.. to Portsmouth. Il distance Oh about loo
BESIDES these roads n great addition was
made TO the railroad facillties OF the poI, py
the opening IN February, lsoo' Oh me AlIhnr
tic and panVillc Railroad from ioftsm"uth
"a onnviIle which road Is now being eXteHd-
ed under the charter of another company into
the rapidly developing lnlnerai region vi
Vo ,al,e the following extracts from n let
ter inst received from MI. James III. lOOher,
The chairman Of the Finance toihlnlt'ec VI
The common Council of Portsmouth, VINO.
nm icr date Of April Ioln' iooo' "il'e' W
officially rs follows: .. -,
"Ihe opening OF the Aiiapuc huu
popville isaflroaf has already done much fof
the city. and we are hoping Tor an inc la,S
has never repudiatcd any of her DEBTS, ana
to-day there is no claim OF any Kind against
the city due and unpald ,,,.
The assessed valuation OF tiNaDle property
for 1889 was about Il OO0OOO. Inc true Val
uation for that wear was cOnservatiVely esil-
ma led at So yOOn, 900. since the close Oh ihc
wear new and important rallroad ihes NAY
been opened aud other advances III the
growth and pro spcrity OF the CITY nave '''Ne"
me assessment now being made should
! show very material increase III values Vi All
| kinds. ....,. :, on .be
| The city tax rate OF Portsmouth is sl.oo' VIC
same rs that OF Norfolk. -, ,.
| The Total bonded debt, including thls lHsuc
OF bonds, j. sj9l 800 or aDoul so per 4"
| The per capita debt OF Nofloik, inI "h"s -, .
per cent bonds 1OS has been bid. Is 81; Inc
handed debt per capita Of DanYilie, Va, q
| CITY but little larger than Portsmouth, anu
whose per cent. bonds also command pre-
MUM, l. SOS At par and interest these
ara Geci lediy the cheapest and most attrac-
| tive high grade municipal bonds IN tue Siaie;
| The available assets of the city are valued
| af about s3GO.OOO, including one-hali interest
| i'm the Norfolk County Ferries, cllO,UOO' anu
public buildings valued AT eo3,OOO.
| The legality and regularity OF TINS lssuc %,
| bonds has been examined INTO ana approved
| bv our counsel Mcssrs. White & 6Hrneu,
| leading lawyers of Norfolk, Va.
| We especially recommend these bonds 10
saving. Institutions, iduciaries, and others 10
whom absolute security Is "A greater OBJECT
| than q high rate Of instant.
The bonds are redccmablc after 1910 ~ par,
al the pleasure Of the city.
THOMAS BRANCH q co.
Bankers. Richmond, Va.
JOHN l.. WILLIAMS son,
Nav. 1890. Bankers, Richmond Va.
4 fulI report Of the affairs and finances OF
Portsmouth may be found on pages 81 ana
50 Of John l.. W illiams & sons Manual Oh
investments for 1890.