The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-06

.SI50.000 S SI1H Of q, F : FFs
CENT. 3O-YEAR BONDS, DAIEb ) A,N,,--
AIRY lsr. 1890. INTEREST PAYABLE
JANUARY ANDJULl.
We control and offer for sale M par and
accrued interest. ani recommend 10 lhNta-
TORS. the above described bonds, fescffih-
Inc right (which viii very probably he eNri-
cisedl tO advance the price al any time "iih-
i.orrsnciith IS a conservative and growing
city. with population Of 1900, most ALL
vantageDusly situated on Notioih iiaippi' OPP
Dosite the city OF norfolk, va.
10 may now he cpnsis red piacucaily th'
ouflQt ana ocean terminus i thiee great tti'-
ro.d svstcms. tO-Wii he Seab lafd AR llue,
fGe a flon-ic Coast Line. and the Richmond
and Danville. tire two latter systems re,ch-
irs the ocean over the Norfolk and ttioli' p
Railroad completed March, losol, MA'Ch
they Jointly own. extending rom iai"'i", y y.
g.. to- Portsmouth, distance 81 ABOUT lV"
BESIDES these roads, a great addition was
made 10 the railroad facilities Of the poIt 10y
mo ouenfng in February. 1890, OF me Atlai-
| tin ord DanVille railroad from Portsmouth
! 10 lanyille which road b. now being tAtcuu-
ed under the charter of another company mo
the rapidly developing mineral region "i
southwest Virginia. 60. d.,
| tor inst received from MI James II. looncI,
| the chairman Of the Finance commute "i
| fhe common Council Of Portsmouth, VINO.
| nm Ter date Of April 2sth, 1880, writes us
| officially as follows;
.slhe opening OF the Atlantic ana
| p,nville railroad has already done much Tor
| the citv and we are hoping for an lncfeaae
| 0f busincss in all lines. loIlshiv"'i
! has never rcpudated any OF her debts. and
TO-DAY there is no claim Of any kind against
| the citv due and unpaid
! me assessed valuation Of taxable property
! for 1889 Was about si.OOOOOO. me tIue fal-
1 M Tl-ff
| ma fed at 81. uOG.OOO. Since the close Ol inc
| wear. new and important railroad lines nay q
| bccn opened aud other advances IN the
growth and pro ,pefity of the city nave .''A'h
Pine Inc assessment now being made should
show "A very material increase inyaiues Oi ah
| kinds. ,.e, On .,,,
same as that OF Norfolk.
| The total bonded debt, including thls issue
of bonds. is S59I 800, or about SO per capita.
The pcr capita debt Of Norfolk, Tor whose
non cent bonds IOS has been BID, Is 81. Inc
ton,i.I deht per capitq Of Ddnvillc, Va, a
civ but little larger than portsmouth, ahh
whose , Der cent. bonds also conlmabu pre-
MUM, Is Sos. Al par and interest lhese
are decidedly the cheapest ard M ~, Sto,
tive high grade municipal bonds IN tno oinl';
The available assets Of the city are VAIN Il
al gbout $3.50 900, including one-halt lhleitr
In the Norfolk County Ferries, ~ lo'VoV' uil
public buildings valued az s7oNpo' ,..,....,
The legality and regularity Of this ISSUE Ni
bonds ms been examined into and approved
by our counsel, Messrs; White HaiAe'''
leading LAWYERS OF Norfolk. Va,
No .suecially rec lmmend these bonds 10
saving. institutions, fduciarics, and Others 10
,vlnu absolute security Is greater OBJECT
than a high rate oflnstant.
The houds are redeemable after 1910 vi par,
at the pleasure Of the city.
THOMAS BRANCH < co.
Bankers. Richmond, Va.
JOHN l.. WILLIAMS * son,
May, 1890. bankers hioniHoh"' w.
4 fall report Of the affairs and finances ~
Portsmouth may be found on pages 81 anu
~ of .Iohn j. " iliiams * sons Manual OF
Investments for 1890