Middlebury register. (Middlebury, Vt.) 1886-1937, 1891-01-02
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, s25O,OOO Houston
CTexas) Street Railway 5-l0 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 OF the best class.
After careful examination we recommend
this investment as among the most desirable
we have ever offered.
Principal and semiannual interest are pay
able at the Chemical national bank New York
city, secured with S4i1,OOO other bonds of
same issue, by II 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,
$40 mules, stables, with the lots on which
they stand, and s01 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 S01 city lots will be sold from time to
time and proceeds applied to purchase OF
outstanding bonds at par, or creation of
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; II larger number are now in course of
construction than at any previous date; sew
c1;ll new 1nilnullclurlllR tsItDllsDtncnIs VIII
be located in the city during the coming year,
and there is every reason to believe this
growth will increase and enable the com.
panN 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 VII be
about Si4 900 Tor the year 1880. However, the
motive po er will soon be changed to elec-
tricity, now satisfactorily used in many
cities, with decrease i'll operating expenses,
and from % to 100 per cent increase in traffic.
Like increase OF business Is confidently eX-
pected III this case.
The company has recently purchased all
competing lines and reorganlzed with the fol
lowing board of directors: I. W. House,
banker; w. ID. Cleveland, wholesale grocer;
T. l.. HILL general attorney tor southern Pa
cifc railroad company; ii. +. "acGregor,
general manager OF Houston street railway
during the past eight years. all OF Houston,
Texas; and William II. Steele OF ;. NJ. Dorr's ;
Sons, bankers Rutland, Vermont; o. NJ. Car
ter, president American loan and trust com
pany, Omaha Nebraska; +. \. 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 ami bank examiner
and the latter as assistant secretary I'm charge
OF collections and details of Office work. Mr..
Allen has Deen 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 II semitrOpical
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 10 degrees
/ during the coolest days, or rises above 20 de.
grees in midsummer.
The proximity of the Gulf OF Mexico and
extensive forests east of Houston insure ire
quent and sufficient rainfall to produce abun
tiant crops. The soil is very productive and
easily TILED, yielding from one to one and
grows luXurianty, and with proper cultva
tion can be produced in sufficient quantltie,
within diameter of $50 miles in extent sur
rounding Houston to supply the entire United
states. +. w. Cunningham's sugar crop las
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 alsC
protitably cultivated; iron ore OF superior
quality and coal oil in immense quantities
being rapidly developed by northern men
while the lumber business has already as
sumed mammoth proportions.
| Houston is situated 80 feet above tide water
at the head OF deep water navigation on But
falo river. Boats drawing Is feet of waite
load mt the foot OF the principal streets witt
cotton, sugar, lumber or manufactured goods
and deliyer the same mt Mexico and Soutl
American ports quicker and mt less eXpens,
than from New York or Boston. The receipts
OF cotton last year amounted to 100000 bales
nearly all found an outlet by water direct I,
New York, Boston and European ports. on,
million bales are expected this season, re
qurlng disbursements for this one product o
S4500O,000 to S50,000,000. Twelve trunk line
OF railroads now enter the city, and thre,
Otnefs VIII soon ne cOulpletet making nous
ton, with its ocean navigation, the natura
outlet toi the products OF Texas, and distribu
ting point Tor merchandise and manufacturer
goods.
The population OF the city is between 1000
and 10000, and cosmopolitan in character
Northern men are cordially welcomed
afforded every facility for profitable invest
ment, and complete protection OF person an,
property interests.
Fine natural drainage is afforded, and tn,
city is one OF the healthiest in the United
States, the death rate Tor lSS9 being CniS 10 il
each 1000 population
Houston has water works plant of sufti
cient capacity to supply city OF 100000 in
habitants, 3S miles OF water mains, the thir'
largest standpipe in the world, with pur
water from n system OF artesian wells tn
largest railroad machine shops south of III
. Potomac, five cotton congresses, gas work
with Il capacity of supplying II city OF $1,000
people, two electric light plants, 81 miles @
street railway, three OF the largest cottol
seed oil mills in the country, p miles OF sewer
? age, IL public schools, Al churches, 10 miles q
streets paved and under contract tor paving
, the largest opera house in Texas, six natlC
/, nal banks, two private banks, two trust com
/ panies and three loan associations, with CON
bined capital and deposits OF more than -
O00,OOO.O0, three daily and IL weekly an
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 200 manufacturing establishments in nc
, tive operation, with Others in process OF COZ
! struction, wideawake cotton exchange, an
! the Commercial club, composed OF actiV
: business men, with liberal Ideas and pre-
gressiVe spirit, to further the city's interest
in every audable way.
Orders LETT with us will receive prompt a
tention.
/ S. M. DORIS SONS