Middlebury register. (Middlebury, Vt.) 1886-1937, 1891-01-23
A CHOICE INVESTMENT
Six Per Cent Bonds of the Hous-
ton City Street Railway Co.


We offer subject 10 sale $3.50 OOO Uousto,
gold bonds. f ''
These bonds are secured through the Amer.
ican Loan 4 Trust Company of Omaha Ne
Draska, whose high financial standing and
teputauoh Tor conservative business methods
furnishes evidence that the bonds are securi-
ties of the best class.
After careful examination we recommend
we have ever offered.
Principal ana semi-annual interest are nav
able mt the Chemical national bank, New York
Guy, secured with SAL 900 other bonds of
same lsSue by first mortgage uDon thp com
pany's franchise for street car tracks on each
anu every street in the city OF Houston,
Iexas, ~ miles OF track now in operation
occupying all the principal streets n cars
20 mules stables, with the lots on which
tney stand, and s01 other desirable lots in
d1nerent parts of the city, some of them hay
ing substantial buildings thereon, material
for I'VE miles of additional track, and ali
other property of every kind and character
now owned or that may hereafter be acquired
by VS., SAID Houston street railway company
The 800 city lots will be sold from time IN
time and proceeds applied to purchase of
outstanding bonds at par, or creation of a
sinking fund tortheir redemption at maturity.
Houston real estate has doubled i'm yal,ie
since last February; more than 1000 new buiI.
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 vear
apu mere - every reason to believe this
growth VIII increase and enable the com.
pany to take up large portion of its bonds
with proceeds from sale OF these lots.
a., me net income OF the road has annually in
creased with growth of the city, and will he
about $4,000 tor the year 1890. However the
motive power will soon be changed to cleo
tricty, now so satisfactorily used in manv
cities, with decrease in operating expenseS
and from so to 100 per cent increase in tiaffic'
Like increase of business is confidently ex-
pected IN this case.
The company has recently purchased all
competing lines and reorganzed with the fol-
lowing board OF directors: T. W. House,
banker; w. ID. Cleveland, wholesale grocer;
T.. p. Hill, general attorney for Southern Pa.
enc railroad company; H. +. MacGregor,
general manager OF Houston street railway
during the past eight years, all OF Houston
Texas; and William w. steele Of : NJ Dor-'e
Sons, bankers, Rutland, Vermont; o. NJ Car.
Ter, president American loan and trust com.
pany, Omaha, Nebraska; +. A. Allen and G.
A. Mckinney of Houston, Texas, both until
recently connected with the American loan
ana trnst company, Omaha, Nebraska, the
former as general agent ami bank examiner
ana the latter as assistant secretary, I'm charge
OF collections and details OF Office work Mr.
Allen has been elected president, Mr. Mac.
Gregor vice.president and general manager
ana Mr.. Mckinney secretary and treasurer,
In charge OF the company's books and finan.
ces, assuring energetic and intelligent man.
agement OF the companys affairs.
southeastern Texas eniOys IA semi.t ropical
climate. The cool Cult breeZes are invipor
ating and greatly modify the heat of summer
and so temper the cold OF winter that the
temperature seldom falls below 40 degrees
during the coolest days, or rises above 30 de.
grees i'll mid -summer.
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.half bales OF cotton per acre. Sugar cane
grows luxuriantly and with proper cultiva.
ton can be produced in sufficient quantities
within diameter IF $50 miles in extent sur
rounding Houston to supply the entire United
states. +. W. Cunningham's sugar crop last
year on an lsO0 acre farm, Is miles from Hons.
n
Corn, oats, wheat and vegetables are also
prontably cultivated; iron ore OF a superior
exist in this portion of the state, and are
being rapidly developed by northern men,
whlle 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 Buf
ialo river. Boats drawing Is feet of water
load ut the foot OF the principal streets with
cotton, sugar, lumber or manufactured goods,
ana deliver 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 10000 bales:
nearly al found an ontlet by water direct to
New lork, Boston and European ports. One
million bales are expected this season, re-
curling Heterogeneous tor this one product OF
S45.OOOOW to S5O,OO0,OO0. Twelve trunk lines
OF railroads now enter the city, and three
others will soon he completed, making Hous-
ION; WIN us ocean navigation, the natural
outlet fOf the products of Texas, and distribu-
ting point Tor merchandise and manufactured
goods.
uc ol tle city is between 10000
ana 5O,WDO, 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 healthiest in the United
States, the death rate tor 1859 being cnlv 10 i'm
each 1000 population.
Houston mas Il water works plant of sufi.
Client capacity to supply city OF 100000 in.
habitants, IS miles OF water mains, the third
largest standpipe in the world, with pure
water from system OF artesian wells, the
largest railroad machine shops south OF the
Potomac, hve cotton congresses gas works
with capacity of supplying a city OF 900
people, TWO electric light plants, 81 miles of
street railway, three OF the largest cotton
seed on mills in the country, - miles OF sewer.
age, IL public schools, Al churches, Is miles of
streets paved and under contract for paving,
the largest opera house in Texas, six nat,o.
nal banks, two private banks, two trust com.
panies and three loan associations with com
bined capital and deposits OF more than AZ
WOOW.W, three daily and IL weekly and
monthly newspapers, the finest railroad de-
pot in the south, the largest and best conduc-
ted marke' house in Texas, has the largest
interior cotton market in the United states,
the largest lumber market in the sOath has
over 200 manufacturing Establishments in, ac-
tive operation, with others in process of con-
structlon, wide-awake cotton exchange, and
the commercial club" composed of active
business men, with liberal Ideas and pro
gresslve spirit, TO further the city's interests
in every laudabe way.
Orders left with us will receive prompt Ar
tention.