The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-10

Sl50.000 S S1Hf y "a, F1H r =;
CENT. 3O2YEAR BONDS, DArEp JAM ~, !,
JANUARY AND JULY.
We control and offer for sale. at par and
accrued interest. and recommend 10 ilN'a-
! tors. me above described bonds reserNing
tbe right (Which Will very probably be eX,r-
ci,edl To advance the price al any time WIKI
ont notice. ,., i,,,,
city with a population OF l2,W'';; mos mos. 40 40
Vantagcously situate Il on NotloiN ilii""i w
pOsite the city OF Norfolk, va.
N may now be considered placucallN tht
outlet and ocean terminus OF three Errat ril %
road systems, 20 vii The SeaD pard AT l.l',V,
fhe Atlantic Coast Line. and the hichmond
ana ponvtlle the two latter systems Ie.cH-
ING the ocean over the Norfolk aud Oaroil n
noilroao completed March, lS:lOl. Wnlcn
they Jointly own. extending from larpoio, y
q To- Portsmouth, a distance Oh ABOUT lOO
miles oa,,,,,o,, WAS
resides these roads. great addition was
fade To the railroad facilities OF me PoI, ~
the opening i'm February, 1890, Oh me Atitn-
lie and Danville Railroad from foilshi"u'' IL
To Danvile which road Is now being eAtVuu-
el uuder The charter of another company lh'v
the rapidly developing mineral lesioh vi
southwest Virginia. 800. ,,, q Ia, -
Ne take the following extracts from let-
tor inst received from MI. James IL. lopm'i ,
fhe chairman of the Finance committee "i
fhe common Council of Portsmouth, VINO,
an Ter date Of April 2oth, lo9o' writes Us
.slhe opening Of the Atlantic and
ponyiIle Kailroad has already done much iot
fine city and We are hoping LOT an iiVi I,lh,f
of busincss i'm All lines. fottsiloulli
ba. never reprdiated any of her debts, and
fo-d,,v there is no claim Of any KIND against
the city due and unpaid ..,,.
J,h.. assessed valuation Of taxable property
f,, isso ,yns about Il. OOO.OOO. The true val
49,
mated nj So OOD, 900. Since the close Oh ulo
wear. new and important railroad Nlles nay T.
bcen opened and other advances III ,hc
growth and pro, perity OF the CITY nave luAoh
The assessment now being made should
sbnvv a very material increase in values oil an
kinds. .,. -, On ,b
same as that OF Norfolk. t, ,,s,,,
M tot,I handed debt. including TINS issue
of bonds. is s5Dl 300. or about SD per capita.
| Ihe par capita deOt Of NOrlolk' l"i WIZ -, .
| nor cent bouds lOS has been pa, H. -; nv
| bonlsd debt per capita of DlnVille, va "a
citv buf uftle larger Than portsmouth, anu
| whose : per cent. bonds also commune plo-
MUM. l. SOS. At par ana ihlcl's' 49,,
are decidedly the cheapest anu Hl' ~, s,ote
tive fgh grade municipal bonus IN Tue
| Tho available assets Of the city are Nalue,l
a. about s.IGO 600, lnclu ing one htu lll,elcS,
| in the Norfolk County reiiles, - io''VV' anu
| public buildings valued al ec3'Ooo .... ..,
| The legality and regularity Ol lhis lssu ,t' W
| bonds ms been examined INTO anu "Ppioert.
| bv our counsel, Messrs Mhlle " '"i"'''
! leading law crs Of Norfolk va; ,..,. =,
We especially recommend these Do ,i,dss :,
s,vino. institutions. nduclarics, ana otheis l.
whom absolute security Is greater "uJeo'
| than "A meh rate OF instant. e,o,o.,
Tic bonds are rcieemablc after 1910 AT par
| NJ tbe Measure Of the city.
Bankers Richmond, Va.
JQUN l. WILLIAMS a son.
May, 1890. bahheis' ''O
full report Of the affairs and finances o
| Portsmouth may he found ON !aeSs 81 INV
| - of John l.. " illiams son N""u"'
! Investments for 1890.