New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-01
financial.
Sandusky and Columbus
Short Line R'y Co.'s.
FIRST MORTGAGE ) PER CENT. 5o.YEAR
GOLD BONDS.
INrrnr.r my ARIE NAY 1 AID NOV. l.
INTEREST PAYABLE MAY AND nov l.

PRINCIPAL CAN Bl fE'ISllhIsD'
Tho s,ndusxy snd Columbus Short Limo Railway sy'-
tenn cNond, from the CITY Of Saudusky to the cry Of 90
lunbus in the Of Ohio distance Of 10 miles,
and s the only ne tetwecn those cities bcn6 ~
and G5 miles shorter than the other
OF the two ind rect road, existing. A, Columbus
connection is made with the COLUMBUS. ShAWNEE
AND HOOKING RAILWAY, with which company
FIaTY.YE,R TRAFFIC CONTRACT HAS BEEN
MADE FOR THE EXCHANGE or BUSINESS.
The vicerrcsldent and General Manager Of the Columbus
Shawnee ana Hooking Railway Co. Writes as follows IT,
gardng the present taIin
Mos,r, HATCH & FOOTE. New.York:
Gentlemen: | can furnish you approNina"
of the coal tonnage handed by the Columbus
Shawnee and Hooking Railway for the fiscal year ending
! June 30. 1892:
Total coal handled .9i2.611 tons
Goal to local points ........ 25O'so3
Total through coal ............ 86I 100
The through coal OF Gel 700 yielded 70 The
Northern and Northwestern connections Of the Columbus
Shawnee and Hooking Hallway, 1890 l62 % OF revenue
Short Line been built and IN operation during W
nsca year ending 80. 1892. this would have repre-
scntd coal tonnage and revenue that the Snort Lane
derived from the Columbus. shawnee aud ocA
ing Railway.
am satisfied that It's earnings for the FIRST YEARS
operation from the traffic RURNI-HED BY TIE COL
U,IBUS sIIAWNEE And HOOKING RAILWAY
ALONE viii be sufficient to paw us operating eNP'hses
and the Interest, proposed issue Of flVo f"r O'h
First Mortgage Bonds that the revenue aecrng Rom
local height passenger business Will easily pro|ide III
addition a good dividend on ~ Capital stock
fcicp.o, T. j. PICARD Vice President.
T s3o6 100 "a gross rornngs rrpr,s,nts Jp 100000
net and ru NOR than paw u,TeH ehd'9' on n't 'o""'
auhor,-sd and is d,rircd from one item oftrd0c from one
Connection go,0g in one direction on'~
Nj Jos O. Osrood Consulting Engineer and late Chief
Engineer Of Shoe Road, who has personally eN
property and sources OF business reports a.
follows:
The Sandusky and Columbus short Linz sm, mo" at
ocrc railroad ohiea has come my no'ee 'or'ta
| years" ~
nd,r eyfsfno contracts v,il have heavy coal Tonnage
| from ~, start" 49,
RI, road has sronq backing Of me mo" raiudoh
kind comprsnq doe! prominent and r'sp'erd ei>n'
IN columbus and SdndusEt mh0 hGr, 'nrested her o"n
on>o in n, ,n,,rprts. IN good h. and 'ch ( confidence
an suoests.'
The value o, Couubu' Shawnee and Hooking
| Railway - a connecting line is shown by s growth
amount Of - earnings and coal tonnage as follow
Tons coal carried 1890 1o3'.os
do do Go ls9l OBSERVATION-DISCLOSURES 7o16Si
do do do 1880. ........................ oi2'6l2
Gross earnings. 1890 1902 90
| ---------- go 7oo 90
do do 10 NOS 1892 ................. 3a7.777 90
tain 4 rne last months over ls9.... 100 va 90
The S,ndu-I.y md Columbus Short Line 1t Is co"-
tcmplncd. will be completed aud In operation by No.
vcmbcr. 1892
The authorized Issue Of bonds Is $4,000. 900, Of
which amount s!,I23O 900 set side tor con.
.,ruction purpo- see aud have already been sold.
! In order TO provide tho ncccs-nr, equipment ho
! Board Of Directors have nnth oriHcd The sale oil
! 100000 OF their first mortgage bonds NJ w nnd
accrued incrc.t, with bonus $3.50 ofih" full paid
cnpi,nI stock Of tue with ~nch III 900 bond
! The stock has n present market value al from
| tv eniy to twenty five dollars per share.
Additional particulars. and copies Of tc mortgage vii
be furnished on application
Subscriptions VIII te received Up 70 O'Clock. August