New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-06

N. first group Of erected in 1884, consist OF
several blocks high-cass. modern. slow-combuston
buildings situated on both sides Of the mouth OF the
TERMINAL RAILROAD ASSOCIATIONS tunnel in that
CITY and surrounding a UNION FREIGHT STATION.
which part Of the property This station Is operated
directly or indirectly. by ALI. OF THE RAILROADS
ENTERING ST. LOUIS AND EAST ST. LOUIS and Is 50
connected with the different buildings OF the group as 10
pern,i, the tenants ship quantity Of
freight single package to carload without the
delay and expense incident the usual system OF cartng
10 and from depos One large steam plant furnishes the
power for operating the elevators and also heats and
lights all Of the buildings which leased to about
twenty OF wholesale houses In the CITY OF 81
Louis including well-known houses as the simmons
Hardware Company and the Samuel Cuppes "'odeh
Company.
In addition TO Cupnes Station Buildings proper.
number OF wholesale buildings in the Immediate
vicinity Cupples station are included under this
Mortgage Of these still in course OF erection.
The Cupples located within five to six blocks
O, the Post office Cisom-house Southern Hotel. and OF
the building OF St Louis. and Its location
enables the street side OF the buildings Tor
Offices saIesrooms and city business.
THE TERMINAL RAILROAD ASSOCIATION
OF ST. LOUIS Is UNDER PERPETUAL con-
TRACT WITH THIS COMPANY TO MAINTAIN
A FREIGHT STATION ON THE PREMISES.
The income Of the Company is not m6ject to the
fluctuations of ordinary business, be,ng secured
by leases rith responsible tenants, whch hare, at
the present time, an acreage unerpired duration
of about nine years.
The gross revenue of the property
derived from the rentals and
miscellaneous receipts for the
year ending December 81. 1890,
wa. ....................s 1897 $3.50 OF
Operntfng expenses, including
taxes, insurance premiums, ETC.,
.................--.. o@'oS' ~
". ..xenue .........s21 4. 83s 23
additional revenue (estimnted)
Of adjoining property included
in tho mortgage upon which
buildings similar to those NJ D..
ready existing are being erect- f+-
ed and miscellaneous receipts
thereof ................-......... 2o.O81 u
be say .........................s $4,000 90
Deduct Interest charge the y -
to-. bond. ...........f $4,000 90
Leaving available net annual
surplus of say. ..........'.... .$loS'ooo %
sThe amount necessary to complete these buildings will
he retained BY the pending their completion
These Bonds form the total amount OF s30oo.0o0
,borzed under the First Mortgage created By Ths st.
Louis Terminal cuppes station and Property Company
They are an absolute first lien upon the
Lands comprising $4,000 feet all held in fee
buildings, railway tracks and easements cited in the
Trust Deed"
A COPY Of the Mortgas. may be a. the Offices Of
the urdersgncd-
N.s.-, Eyarts Choate & Beaman have approved the
form OF mortgage
Messr, Price watsrhouse Co. have verified the
statement OF earnings.
Union Trust Co. ST. Louis certlhes the validity Of
the title.
Interim certificates will be issued be exchanged for
defnitive bonds. d
Application will be made 20 list the bonds on the Stock
Exchanges Of New York and London
Circulars map. and additional information on appls-
cation
THE ABOVE BONDS ARE OFFERED FOR
sVRsCRIPTION AT PAR, PAYABLE AS FOL-
LOWSi -
$500 on ALLOTMENT.
$500 on MAY 90. 1897.
$500 on JUNE I. 1897.
yyTEREST AT RATE OF 2 PER CENT PER
AyNUM ALLOWED on SUBSCRIPTIONS PAID
FOR IN FULL
SUBSCRIPTION BOOKS WILL OPEN AT 10
O'CLOCK on MAY g. AND WILL CLOSE AT
O'CLOCK THE SAME DAY.
THE RIGHT IS RESERVED TO REJECT ANY SUB
scRIPTION5 OR TO ALIOT LESS THAN THE
AMOUNT SUBSCRIBED FOR
A simultaneous issue will be made BY
Messrs. SELIGMAN BROTHERS. London.
J. & W. Se|igman & Co.,
Fl BROAD ST.. y. Y. City.