The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-29
BssxaA- Axo sRoEER5.
ctsO OOO CITY OF PORTS
SIOU.UUU MOUTH, VA. 3 PER
CENT. 3O2YEAR BONDS, DATED JAM
AIRY lsT. 1890. INTEREST PAY ABLE
JANUARY AND JULY.

- a
JANUARY AND JULY.
We control and offer for sale. at par and
accrued interest. an J recommend 10 lhFes-
tors, the above described DOhds, IescINlhE
The right (Which VIII very probably be eXsr-
cisedl toadyahce the price al any time WIN
Iortsrnouth is % conservative and growing
city. with IA population OF lZ',u,; ni"ss ou-
yantageOuelv situated on NOilpth lliiDol' W
posite the city OF Norfolk, Va.
n NAV now be considered placllcally me
outlet ana ocean terminus OF three great RAJ
road systems, 20 WI ne Sc,iD btiI NJ l.ln'
The Allan ic Coast Line. and The Richmond
and panviue. the two latter Systems reach-
Sn, the oc. am over the Norfolk and Carolina
railroad completed March, 1880. when
thcv Jointly own, extending nom larDoIO, y,
&. 10 Portsmouth, IA distance OF about lOo
miles. ,,,.,,,, ,,,,e
made TO the railroad facilities OF the port py
tbe Openug in February, lSoO, OF me HlNti,-
Tie and panVille railroad rom IOitsin"usn
ia 3anyille. which road is now being extend
ed under the charter Of another company INTO
the rapidly developing mineral region Vi
southwest Virginia. -, ~ H.,
No take the following extracts from let
Ter inst received from MI. James ii. Toomer,
The chairman OF the Finance Committee OF
the Common Council OF Portsmouth, Who'
mn Ter date OF April 2Sth, 1890, writes us
officially as follows; ..,. .,,1
ponyille railroad has already done mucn Tor
the city. and we are hoping for an inctease
of business in all lines. IottsnIouti,
has never repudiated any Of her debis, ana
TODAY there is no claim Ot any KIM usaihs'
the city due and unTnd
The assessed valuation OF taxable property
for 1889 WAS about s4.OOOOOo. The true vel
uation for that year was consefNa,iNeis 81 ~
wear new and important railroad lines nave
been opened and other advances IN the
growth and pro .perity Of the city nave taken
place. -. .,o sto,td
atoiv a very material Increase IN values ol uli
The city tax rate OF o-tz ao"'h is sl.S0, the
same rs that OF Norfolk. -.
The total bonded debt, melt dis issue
| Of bonds II 1891 200, or about rsf caplta.
The per capita debt of NOr1o. r. whose .
ner cent. bonds 1OS has been BIZ 81; The
| bonded debt per capita OF ~. lei va,
city but little larger than Porte " anu
| whose 2 per cent. bonds also CONN apre-
! mfum. Il SOS. AT par and int. 'st these
are 0ecide,iiy -. y ..peAla00Dsaost atIidc'
! rive high grade municipal bonds In the state
! The available assets Of the city are valued
nj about s3GO 600, including one-halt interest
| i'm the Norfolk County Ferries, sllO,OOO, anu
nubIic buildings valued ut $4,000.
The legality and regularity OF this Issue O
bonds ms been examined lnto ana approve.
| by our counsel, Messrs. Mnile * paIhct'
leading LAWYERS OF Norfolk, Va.
We especially rec lmmend these bonds u
savings Institutions, iiduciarles, ana otilSis U
| whom absolute security Is greater Otyee
than high rate Of instant
| The bonds are nedeemable after 1910 at par
nj The pleasure OF the city. 49,, co
- - THOMAS BRANCH & Co.
Bankers. Richmond, Va.
~. WILLIAMS K son.
Nav is!rN ~ -I.ichmond. Va.
A full report ana ilnan nc, =
Portsmouth ma ON pasSs o. az !
81 OF John l.. W. SONS Ma'u"i
Investments for ls9V