The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-01
,anKEgs AND BROKERS.
$3.50. 600 MOTH. VA, 3 fE l
cES ao,YEAR B IHNNTpIir Sf'l P2Y 'Hn
JANUARY AND JULY.

~ NJ 31YEAR BONDS, DATED JANu-
.lty isr 1890. INTEREST PAY ABLE
JANUARY AND JULY.
We control and offer for sale, ~ par ana
ocrr,,ed interest and recommend 10 ihNes-
tors the above described pohus, fssefNihH
tbe light (Which Will very piopnnis ~ eN.i-
ciscd1 To advance the price al any Time Win
W portsmouth is q conservative and growing
city. with population OF lzno,; most ad-
vni,tageouslv situated on NpiluiN iiatpof' OPP
nestle tile city Of Norfolk, va.
A. may uov be considered practically the
onttct and ocean termlnusoi three great ral'-
roqd svstems, tO.wll: ! he Seap hua All blne;
the Atlantic Coast iihe' au ~, is' ',,'
ana Uanvillc. the two latter systems re,ch-
49,, ,,o oc, an over the norfolk and tafOlinn
,,o,Irnau fcnii,nleted March, $500. which
they Jointly own, extending rom larporo, ~.
g.. 10 Portsmouth, distance OF ABOUT loo
besides the @ ro Is, a great addition was
made to The railroad facilities of the port by
The opening IN February, 300, OF me Htlan-
tic and DaWile halioad nom io4'sln''u'n
IN ;lanyille. which road Is now being extend
cd under the charter Of another company mo
HE rapdly Developing mineral REGION o'
southwest Virginia.
We take the following extracts ron u lct-
/ ter inst received from Air. James H. ioomcr,
: The lnifman OF the Finance COMMITTEES Oi
/ The Common Council of Portsmouth,, VINO.
IN Ter date OF April 2Sih, $500 writes US
"ihe opening Of the Atlantic and
| BanVille railroad has already done much Tor
| The city and we are hoping for an increase
| of business In all lines. portsmouth
has never repudlated any Of her debts, and
to-day there is no claim OF any klhd against
| the city due and unpaid
| The assessed valuation OF taxable property
for 1889 was about si,OOO,OOO. Inc true val
| nation for that year was con. eryatively est-
! mated at S6,OOn 900. since the close Oh the
| wear. new and important railroad ilncs nave
| been opened aud other advances III lhe
growth and pro perity OF the Guy nave taken
place. .,.,,,,a
me assessment now being made shouid
show q very material increase in values Oh al
kinds. .,,o A.,
same as that OF Norfolk.
The total bonded debt, including THIS issue
OF bonds, is S591 300, or about SO per c' piia
The per capita debt of Norfolk, FOR whose ,
| per cent. bonds 1913 has been bid, Is 81 inc
! bonded debt per capita Of DanVille, Va,
city but little larger Than Portsmouth, anu
whose per cent. bonds also commani pre-
MUM, n s6s. At par ana interest ines,
| are decidedly the cheapest iad most atlidc'
tive high grade municipal bonds an the STATE
| The available assets Of the city are valued
at about $500. 900, including One-hail Interest
! in the Norfolk County Ferries ,ilO,Vvu' uho
public buildings valued al cS3ODO.
| The legality and regularity oi ms ISSUE Z"
bonds hns boem examined into and approved
bv our counsel. Messrs. White 4 GafneH
leading LAWYERS OF Norloik, "a.
! We especially recommend these bonus u
saving. institutions, nduciarics, aud others lt
| whom absolute security is greater Oyec
than a high rate Of instant.
| The bonds are relecmablc after 1910 ~ par
al the pleasure Of the city.
THOMAS BRANCH n co.
Bankers. Richmond, Va.
JOHN L. WILLIAMS a. son.
May, 1890. Bankers, richmond Va
\ full report Of the affairs and finances q
Portsmouth may be found ON pages 81 an'
- Of John J.. W illiams * sons Manual G.
InVes tments for 1890.