Middlebury register. (Middlebury, Vt.) 1886-1937, 1891-01-09
A CHOICE INVESTMENT
Six Per Cent Bonds of the Hous.
ton City Street Railway Co.

ton City Street Railway Co.
We offer subject 10 sale, s2jO,OOO Houston
CTeXas) street Railway $40 years per cent.
gold bonds.
These bonds are secured through the Amer
lean Loan Trust Company OF omaha, Ne
braska, whose high financial standing and
reputation tor conservative business methods
furnishes evidence that the bonds are securi-
ties Oi the best class.
After careful examination we recommend
this Investment rs among the most desirable
we have ever offered.
Principal and semi-annual interest are pay
able mt the Chemical national bank, New York
city, secured with $4,000 other bonds of
same issue, by II first mortgage upon the com
pany's franchise for street car tracks on each
and every street in the city OF Houston,
Texas, 81 miles of track now in operation,
occupying all the principal streets, 81 cars,
$40 mules, stables, with the lots on which
they stand, and SOL other desirable lots in
different parts OF the city, some OF them hav-
ing substantial buildings thereon, material
for five miles OF additional track, and all
other property of every kind and character
now owned or that may hereafter be acquired
by said Houston street railway company
The s07 city lots will be sold from time to
time and proceeds applied to purchase OF
outstanding bonds at par, or creation of a
sinking fund for their redemption at maturity.
Houston real estate has doubled in value
since last February; more than 1000 new bull
dings have been erected during the present
year; a larger number are now in course of
construction than ut any previous date; sew.
eral new manufacturing establishments will
be located in the city during the coming year,
and there is every reason to believe this
growth will increase and enable the com.
pany to take up large portion of its bonds
with proceeds from sale of these lots.
The net income OF the road has annually in
creased with growth of the city, and will be
about $4,000 Tor the year 1880. However, the
motive power will soon be changed to cleo.
tricity now so satisfactorily used in many
cities, with decrease in operating expenses,
and from SO to 100 per cent increase in traffic.
Ii lyn a Df 10 dnnf
pected IN this case.
The company has recently purchased all
competing lines and recognized with the fol.
lowing board OF directors: L. w. House,
banker w. ID. Cleveland, wholesale grocer;
4. L. Hill, general attorney for Southern Pa
ctic railroad company; II. f. MacGregor,
during the past eight years, all OF Houston,
Texas; and William II. Steele OF S. NJ. DORIS
Sons, bankers, Rutland, Vermont; o. NJ. Car
ter, president American loan and trust com.
pany, Omaha, Nebraska +. A. Allen and c.
A. Mckinney of Houston, Texas, both until
recently connected with the American loan
and trnst company, Omaha, Nebraska, the
former as general agent and bank examiner
and the latter as assistant secretary, IN charge
of collections and details OF office work Mr.
Allen has been elected president, Mr.. Mac.
Oregon vice president and general manager
and Mr. Mckinney secretary and treasurer
in charge OF the company's books and finan.
ces, assuring energetic and intelligent man.
agement OF the company's affairs.
Southeastern Texas enjoys a semitropical
climate. The cool Cult breezes are invigor
ating and greatly modify the heat of summer
temperature seldom falls below 40 degrees
during the coolest days, or rises above 80 de
grees in midsummer.
The proximity OF the Cult of Mexico and
extensive forests east of Houston insure ire
quent and sufficient rainfall to produce album.
dant crops. The soil is very productive and
easily TILED, yielding from one to one and
one. halt bales OF cotton per acre Sugar cane
grows luXuriantly, and with proper cutiva
ton can be produced in sufficient quantities
within IL diameter of 40 miles in extent sur
rounding Houston to supply the entire United
States. +. W. Cunninghams sugar crop last
year on an lsO0 acre farm, Is miles from Hous
tom was valued at Sl0D,D0O, or S23j per acre
Corn, oats, wheat and vegetables are also
probably cultivated; iron ore OF Il superior
quality and coal OIL in immense quantities
exist in this portion OF the state. and are
being rapidly developed by northern men,
while the lumber business has already as
sumed mammoth proportions.
Houston is situated 30 feet above tide water,
at the head OF deep water navigation on But
falo river. Boats drawing ID feet OF water
load ut the foot OF the principal streets with
cotton, sugar lumber or manufactured goods,
and deliyer the same at Mexico and South
American ports quicker and at less expense
than from New York or Boston. The receipts
OF cotton last year amounted to 100000 bales
nearly all found an outlet by water direct 10
New York, Boston and European ports. one
million bales are expected this season, re
curling disbursements tor this one product OF
$45, OOO, 900 to $50,OOO,OOO. Twelve trunk lines
OF railroads now enter the city, and three
others will soon be completed, making Hous
ton, with its ocean navigation, the natural
outlet tor the products of Texas, and distribu
| ting point Tor merchandise and manufactured
goods.
The population OF the city is between 4O.OOC
and 10000, and cosmopolitan in character
Northern men are cordially welcomed
Afforded every facility for profitable invest
ment, and complete protection OF person and
property interests.
Fine natural drainage is afforded, and the
city is one OF the healthest in the United
States the death rate tor 1859 being cnly 10 in
each 1000 population
Houston has water works plant OF su1fi
Client capacity to supply II city OF 100000 in
| habitints, 81 miles OF water mains, the third
largest standpipe in the world, with pure
| water from IA system OF artesian wells, the
largest railroad machine shops south OF tn,
Potomac, five cotton congresses, gas works
with Il, capacity OF supplying city oi 10000
| people, two electric light plants, 81 miles q
street railway, three OF the largest cotton
seed oil mills in the country, % miles OF sewer
age, Ii public schools. II churches Is miles al
streets paved and under contract tor paving
the largest opera house in Texas, SIX natlo
nal banks, two private banks, two trust com
panies and three loan associations, with com
| 900, 10000, three daily and IL weekly ant
monthly news papers, the finest railroad de
pot in the south, the largest and best-conduc
| ted market house in Texas, has the larges
interior cotton market in the United States
the largest lumber market in the south. ha
over 300 manufacturing establishments in nc
tive operation, with others in process OF con
struction, a wideawake cotton exchange, an,
the Commercial club" composed of activ,
business men, with liberal ideas and pro
gressive spirit. to further the city's interest
in every laudable way.
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