New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-15


Principal and Interest payable in Gold Coin
Of the present standard of weight
and nneness. In New-York
Coupon Bonds Of 81, 900 Each.
with privilege Of registration OF principal.
GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE
The Toledo Traction Company owns and operates all
the street railways in the City Of Toledo. comprising
about l2O miles of single track. and through The
Toledo Consolidated Electric Company and The West
Electric Light and Power Company. controls practi-
cay all the electric lighting. public and private and
power business
The above bonds IS 900. are secured
by a mortgage the Guaranty Trust Company Of New
York. covering all the property. rights and franchises
OF The Traction Company owned or hereafter ac-
quired also by Deed Of Trust all the property
rights and franchises OF the Electric Companies now
hereafter acquired BY this issue. all the ponds
Of System cancelled. except divisional
liens OF Of the Companies forming the Traction
Company amounting 81 200 OOO covering parts OF the
property and against which Consolidated Bonds OF an
equal amount reserved with the Trustee.
The present bonds the first and only mort
gage OF The Toledo Traction Company and covers the
entire property Of the System. subject to the divisional
liens as stated The Chairman the Board Of Directors
in his letter copy Of which will furnish upon
application. states the Company owns real estate ap
praised 81 Co., and this issue OF bonds Is
s65O0OO OF this real estate. including
the Central Power Station. also upon several lines
OF railway and a large amour: Of equipment ana upon
all the lighting franchises and property and upon the
underground system together with all future ac
qured property Provision Is made in the mortgage lot
additional 100000 bonds 10. future ex-
tensions improvements but only nj the rate Of ID
per OF the actual OF such expenditures Inc
also provides for the redemption OF any OF ie
at O5 at any period giving 80 days
notice by publication.
The statement of earnings submitted shows that the
combined o the railway companies forming
The Toledo Traction Company and the Electric Light
COMPANIES year ending June GOTH 1915 previous
10 the consolidation WERE gross s9O44, net, after de-
Quoting taxes and all charges s342"2l and tnat
the present annual interest charges are $2o4. 100
The earnings Of the Companies for years past have
shown continuous Increases 1t is estimated that the
gross earnings for year will exceed "Vo
consolidation Of the properties and with the
railway electric lighting operated from the new ana
complete Central Power Station. the net earnings are
expected exceed $3.50 nearly double the annual
interest charges.
The population City ~ Toledo based on the regis
raiion OF $500. Is estimated 10000. Through It's
great II important manufactur-
and distributing centre. and is increasing steadily IN
wealth and population
We offer for subscription 81. 10000 of these
will he opened on Tuesday. December 18th.
December 10Th. At 2 o'clock +. VI. The right
aIIOt less than the amount applied for.
Guaranty Trust Co. Blair & Co..
of New York, 81 N MAat eFFhh1'
s5 CEDAR STREET. " Y.