The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-26
$~5,000,000.
SERIES A
Pennsylvania Company
81 PER CENT.
TRUST CERTIFICATES.

Secured ~ Covenant or tho Pennsyivanis
Company and Pledge or Firty Thousand shares
OF tho Guaranteed Special stock OF the Pitts
burnh. Fort wayne a Chicago Railway Come
pany, AEgreEntinE at Far five million Dollars
(sB. 900, o nnd ny tho Guaranty or abe
Pennsylvania Railroad Company.
These certificates are issued by The Girard
Life Insurance, Annuity and Trust Company Of
Philadelphia, as Trustee, under a deed of trust
made by the Pennsylvania Company and the
Pennsylvania Railroad Company to the said
Trust Company. whereby tho Pennsylvania
Company has pledged with said Trust Company
SIS, 900, 600 at par of the Seven Per Cent. Guar
antood Special Stock Of the Pittsburgh, TT.
Wayne and Chicago Railway Company. which
road forms tho Pennsylvania Railroad Com
pany's main line from Pittsburgh to Chicago,
as collateral security for a loan of So, 100000
to be known as "Pennsylvania Company Guar.
anteod gig Per Cent. Trust Certificates. Series
A." and issued in amounts Of u, 200, payable
forty years from September 1. 1897, with in
forest at 3la per cent. per annum. payable
March / and September l in each year. Princi-
pal and interest are payable in gold. without
deduction for any tax or taxes now imposed or
hereafter to be imposed thereon, either by the
laws of the United States Of America or of tho
State OF Pennsylvania, for National or State
purposes, and which either Of the said Compa-
MES 10 or may be required or authorized to
retain therefrom. said Pennsylvania Company
agreeing to pay tho same, and the Pennsyl-
vania Railroad Company guaranteeing payment
thereof. and each certificate has endorsed
thereon tho absolute covenant OF payment
thereof by the Pennsylvania Company being
the proprietary Company of tho Pennsylvania
Lines west OF Pittsburgh, and
THE GUARANTY OF THE PENNSYLVANIA
RAILROAD COMPANY.
Interest payable either at tho GIRARD
TRUST COMPANY in Philadelphia, or the
UNION TRUST COMPANY in New York.
The issue of these certificates is authorized by
tho Pennsylvania Company to provide means
for capital expenditures, and to take up certain
bonds Of its proprietary Companies, bearing
higher rates. which mature at an early date.
As a Sinking Fund it has been provided that
the sum Of fifty thousand dollars 1850. OoO) shall
be applied on the LIST Of September Of each year
to the purchase of such certificates as may be
offered in response to advertisement at par and
accrued interest.
On behnlr OF ourselves and associates We
have Durchasea the entire issue or these GER
OF which we now OFFER for sale
500. 600 ut tho price or los ana Interest
from September list, 1897, subject to previous
aales and to advance or price without notice.
Temporary receipts will DO given until en-
Graved certificates arc rendy for delivery.
WE RECOMMEND THESE AS AN
INVESTMENT OF THE HIGHEST CLASS, AND
WILL EXHIBIT COPIES OF THE DEEp OF TRUST
APPLICATION AT EITHER OF OUR OFFICES.
The dirard Life Insurance, Annuity and
Trust Company Of Philadelphia,
Broad and Chestnut Streets, Philadelphia,
Union Trust Company of New York,
No. 80 Broadway. New York.
August ebth, 1897.