New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-19
100000
OMAHA WATER WORKS
5 PER CENT. 1ST CONSOLIDATED
MORTGAGE GOLD BONDS,
ISSUED BY
THE AMERICAN WATER WORKS co.
Denomination, $1,000 each.
TRUSTEE;
THE FARMERS LOAN AND TRUST co. OF
NEW-YORK.
RepuynbIe In Ncw-York July 1sf, 1907. Coupons
payable january and July Let, in New. York.
Both principal and interest payable in United
States gold coin OF present standard. Sc
cured by moriRag upon the property
and franchise of the Water Works Mt
aud near the city OF omaha, Nebraska.
THE AMERICAN WATER WORKS co.
Denomination, $1,000 each.

These bonds are the last Of the authorized issue Of
si OQO OcO under consolidated mortgage dated
July lst 1887. Of which $4,000 600 bear six per
cent. and e. eco 600 five per cent interest OF the
So 600 six per cent. bonds $4,000 held in
by trustee Of the mortgage 10 retire equal
of original six per bonds which lien upon
small portion only of the property The company has
II other debt.
Since Jan. l. 1883. the company has expended the
erection Of plant pumping station, settling basins
&C. extensions OF water mains and making
other valuable improvements approximately 81 800 600
expenditure has been met by the sale in 1889 Of
ST 600 900 per bonds the issue In 1890 OF $500
per preferred stock par, and the 81 GOO 600
per bonds herein offered.
THE COMPANY DOES NOT OFFER ITS ST.
CURITIES For SALE UNTIL AFTER THE MONEY
REPRESENTING THEM HAS BEEN EXPENDED
The extensive improvements made by the company during
the past years have hccn neccsssed by the rapid
growth city population Of 80 j1S in 1880 to
nearly $50 900 Including South Omaha in 1890 and the
necessity Of providing sufficient facilities TO meet the
quirements growth. All Of this work has bcen
by the at the lowest possible COST without
the Intervention OF any construction company.
The following is n statement of the earnings fthe
company from 1852;
1SSs (approXimnte)..--..-..
1888 oc'"Oo'oo
1884 ,ctunD ............ s2,291.i2
1855 IO|'"o%'3'
1856 (actunD l2N'3'i''H
1887 (actunl) 16NoN3Oo
1888 actual 2j0oo"7N
1859 nctunD >i'ooN'oi
Increase for the three year. ending December 81.
1859, S153,2i7.33, or 1888 per cent
ANNUAL AVERAGE INCREASE FOR SEVEN
YEARS, 31.51 PER CENT.
The earnings for the first six months Of 1890 were
s14237G g. as compared with sllsO75 - for the same
period in 1880 an increase Of 20 Clio pr cent. tn"
earnings for tho second half the year always
greater than FOR the half l. will BE- observed that
the earnings months Of 1890 were $4,000
larger than for tho entire year 1856.
The earnings for the year nrc estimated
nt.........-....... s3o"'oVooo
The cxnen.c. ................... 7O.0O0.OO
Net -0'"'o"V'"D
THIS SUN Wilt MEET THE ENTIRE INFER
Est CHARGE AND PAY 6PER CENT. UPON THE
PREFERRED STOCK.
As THE COMPANY NOW HAS ONLY $3.50
WATER TAKERS, WHILE THERE SHOULD he
$4,000 IN 4 POPULATION OF 10000. AFTER
THE WORKS HAVE BEEN IN OPERATION FIJI
TEEN YEARS, 1T Il SAFE TO ASSUME THAT
THE INCOME or THIS PROPERTY WILL CON
TIME TO INCREASE A. N THE PAST AND IN
THE SAME RATIO A. THE EARNINGS or WATER
WORKS ~ OTHER GROWING CITIES.
The bonds issued this listed a: the
New.York Stock Exchange the amount offered
for sale will also be listed
we have taken all the securities Issued By
pany and knowing the superior character ~ the prop
crty and approaching the increasing value Of vatf
works enterprise in large city whore the population
the rate OF twenty per cent annually, we
do not hesitate recommend these bonds al
solutely safe investment.
PRICE 100 AND INTEREST SUBJECT TO AID.
VANCE WITHOUT NOTICE.
copies Of the mortgage and fran
chise can be seen NEUTRALITY-SUSPICIOUS.
nation anil prOspectuscs Obt0iicd
at the offices of the undersigned.
C. n. VENNER G. CO.,
80 Wall ST., New York;
8 Congress ST., Boston.