Middlebury register. (Middlebury, Vt.) 1886-1937, 1891-01-16
A CHOICE INVESTMENT
Six Per Cent Bonds of the HOus-
ton City street Railway Co.

These bonds are secured through the Amer.
lean Loan 4 Trust Company of Omaha, Ne.
Draska, whose high financial standing and
reputation TOR conservative business methods
furnishes evidence that the bonds are securi.
ties OF the best class.
After careful examination we recommend
th1s Investment rs among the most desirable
we have ever offered.
Principal ana semi-annual interest are paw
able ut the Chemical national bank, New York
city, secured with Sil7OO0 other bonds of
same issue, by IL first mortgage upon the com
pany's franchise Tor 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,
80 mules, stables, with the lots on which
they stand, and S07 other desirable lots i'm
different parts of the city, -ome OF them hav.
ing substantial buildings thereon, material
Tor hNe 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 anu 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 larger number are now in course of
construction than Mt 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 IA large portion OF its bonds
with proceeds from sale of these lots.
luz net income OF the ROAD mas unnnallV in
creased with growth of the city, and will be
about $4,000 tor the year 1890. However, the
motive pc yer Will soon be changed to cleo
tricity, now satisfactorily used in many
cities, with decrease in operating expenses
and from 30 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; T. w. House,
banker; w. ID. Cleveland wholesale grocer;
T.. =. Hill, general attorney for Southern Pa.
cine railroad company; ii. f. NacGregor,
general manager OF Houston street railway
during the past eight years, all OF Houston,
Texas; and William H. Steele of 5. NJ. DORIS
sons, bankers, Rutland, Vermont; o. NJ. Car
ter, president American loan and trust COM
pany, Omaha, Nebraska f. A. Allen and c.
A. Mckinney of Houston, Texas, both until
recently connected with the American loan
and trnst company, Omaha Nebra ska the
former as general agent ami bank examiner
and 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,
and Mr. Mckinney secretary and treasurer,
in charge OF the company's books and fnan-
ces assuring energetic and intelligent man.
agement of the companys affairs.
Southeastern Texas enjoys a semi tropical
climate. The cool Cult breezes are invigor
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 80 de-
grees in mid summer.
The proximity of the Cult of Mexico and
extensive forests east of Houston insure fire.
quent and sufficient rainfall to produce abun-
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 of 80 miles in extent sur.
rounding Houston to supply the entire United
states. e. w. Cunninghams sugar crop last
year on an $500 acre farm, Is miles from Hous-
ton, was valued at 100000, 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 as
sumed mammoth proportions.
Houston is situated 30 feet above tide water,
Mt the head of deep water navigation on But
filo river. Boats drawing 10 feet OF water
load mt 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 ut less expense
than from New York or Boston. The receipts
OF cotton last year amounted to 7jOO01 bales :;
nearly all found an outlet by water direct to
New Iork, Boston and European ports. one
million bales are expected this season, re-
quirlng disbursements tor this one product of
S45,00l,00O to Si0,0oO,0O0. Twelve trunk lines
OF railroads now enter the i.N, ana three
Others will soon be completed, making IOus-
ton, with its ocean navigation, the natural
outlet toI the products OF Texas, and distribu.
ting point Tor merchandise ana manufactured
goods.
The population of the city is between 10000
ana QUINN, ana cosmopolitan III cnaraCtAr.
Northern men are cordially wecomeN
Afforded every facility for profitable invest.
ment, and complete protection OF person and
property interests.
Fine natural drainage is affol ded, and the
city is one OF the heathiest in the United
States, the death rate tor lsS9 being only 10 in
each 1000 population.
Houston has water works plant of sufh
cient capacity to supply city ot 100000 in.
habitants, Is miles OF water mains, the third
largest standpipe in The world, with pure
a he
largest railroad machine shops south OF the
Potomac, five cotton congresses, gas works
with IA capacity of supplying city OF 10000
people, two electric light plants, 81 miles OF
street railway, three of 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,
the largest opera house in Texas, six natio-
nal banks, two private banks, two trust com
panies and three loan associations, with com
bined capital and deposits OF more than 81,
OOO,OO00O, three daily and III weekly and
monthly news papers, 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 MAJ ket in the SOUTH has
over 300 manufacturing establ shnents in ac
tive operation, with others in process OF con
struction. IA wide-awake cotton exchange, and
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.
S. M. DORIS SONS.