Middlebury register. (Middlebury, Vt.) 1886-1937, 1891-01-30
A CHOICE INVESTMENT
Six Per Cent Bonds Of the HOus-
ton City Street Railway Co.

y
We offer subject 10 sale, s2jo,OOO Houston
(IeXas) street Railway 5-l0 years per cent.
gold bonds.
These bonds are secured through the Amer
lean Loan X Trust Company OF Omaha, Ne
braska, whose high financial standing and
reputation for conservative business methods
furnishes evidence that the bonds are securi-
ties OF the best class.
After careful examination we recommend
this investment as among the most desirable
we have ever offered.
Principal and semi-annual interest are pay
able ut the Chemical national bank, New York
city, secured with $447,000 other bonds of
same issue, by a 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,
they stand, and sO7 other desirable lots in
different parts OF the city, some OF them hav-
ing substantial buildings thereon material
tor 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 500 city lots will be sold from time to
time and proceeds applied to purchase of
outstanding bonds at par or creation of n
sinking fund tortheir 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: larger number are now in course of
construction than at any previous date; sew
eral new manufacturing establishments will
be located in the city during the coming year,
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 80 to 100 per cent increase in traffic.
Like increase OF business is confidently ex-
pected IN this case.
The company has recently purchased all
competing lines and recognized with the fol-
lowing board OF directors: I. W. House,
banker; w. ID. Cleveland, wholesale grocer;
+. p. Hill, general attorney tor Southern Pa
cihc railroad company; II. F. NacGregor,
general manager OF Houston street railway
during the past eight years, all OF Houston,
Texas; and William II. Steele OF ;. NJ. DORIS
Sons, bankers, Rutland, Vermont; o. NJ. Car
ter, president American loan and trust com
pany, Omaha, Nebraska; +. \. Allen and C.
\. Mckinney of Houston Texas, both until
recently connected with the American loan
and trnst company, Omaha, Nebraska, the
former as general agent ana 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
Gregor vice president and general manager,
and Mr.. Mckinney secretary and treasurer,
in charge OF the companys books and finan-
ces, assuring energetic and intelligent man
agement OF the conpany's affairs.
southeastern Texas enjoys IA semi-trOpical
climate. The cool Gulf breezes are invigor
ating and greatly modify the heat of summer,
and so temper the cold OF winter that the
during the coolest days, or rises above 30 de-
grccs in midsummer.
The proximity OF the Gulf 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 cultiva-
tion can be produced in sufficient quantities
within diameter of $50 miles in extent sur
rounding Houston to supply the entire United
States. f.. W. Cunningham's sugar crop last
year on an $500 acre farm. Il miles from Ious-
ton, was valued at S4O0,OOO or 1925 per acre.
Corn, oats, wheat and vegetables are also
probably cultivated iron ore OF a 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
sumed mammoth proportions.
Houston is situated 10 feet above tide water,
at the head OF deep water navigation on But
falo river. Boats drawing Is feet of water
load at the foot OF the principal streets with
cotton, sugar, lumber or manufactured goods,
and delyer the same at Mexico and South
American ports quicker and at less expense
than from New York OF Boston. The receipts
OF cotton last year amounted to 100000 bales;
nearly all found an outlet by water direct to
New York, Boston and European ports. One
million bales are expected this season, re-
curling disbursements tor this one product of
$45,o0l000 to S50,o00000. 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 toi the products OF Texas, and distribu-
goods.
The population OF the city is between 10000
and 10000 and cosmopolitan in character.
Northern men are cordially welcomed,
Afforded every facility Tor profitable invest
ment, and complete protection OF person and
property interests.
Fine natural drainage is affoi ded, and the
city is one OF the healthie,t in the United
/ States, the death rate tor lSs9 being only 10 in
each 1000 population.
Houston has water works plant OF suffi
cient capacity to supply il city OF 50O,NO IN
habitants, IS miles ut water mains, the third
| largest standpipe in the world, with pure
| water from "A system OF artesian wells, the
| largest railroad machine shops south OF the
with capacity OF supplying city OF 100000
| people, two electric light plants, 81 miles OF
| street railway, three Ot the largest cotton
seed oil mills in the country, - miles OF sewer.
age, IL public schools, Al churches, Is miles OF
streets paved and under contract tor paving,
nal banks, two private banks, two trust COM
panies and three loan associations, with com
bined capital and deposits of more than &7,-
O00,0O0OO three daily and III weekly and
monthly news papers, the finest railroad de-
pot in the south, the largest and bestconducs
| ted marke' house in Texas, has the largest
| interior cotton market in the United states,
| the largest lumber market in the south, has
| over 200 manufacturing establishments in ac-
| tive operation, with others in process OF con-
| struction, a wide-awake cotton exchange, and
| the Commercial club" composed OF active
business men, with liberal ideas and pro
gressive spirit, to further the city's interests
in every laudable way.
Orders LETT with us will receive prompt at
tention.
G M DORIS SONS