The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-19

~. Duu p.ouJ C
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TgeTe"ce 70 Hooe'
vruv o,r .
AoV'
MesSrS. EERMLHE Il COMPANY.
,orm.,,o, r.a.ra,nn ,ho 40 ooo ooo
a...Ah p.r c.r, s,nL,no rr,a al, pa. .Wt
Com,.n, nnr,h...a ~ xor : vor,, ..,.. .'
m. p.r.m. p.uro.a Conn,n, go. o"
,.,r., .ra .n.c,., oh.r,., ar.n,.a -. - per
ture q, N. sts,. ., rev yorr on Avn, ,,s..eos"a-
.ox.r. nov.r. 10 o,or.,. .,..u.,,, -,
,o.a ,,no, r,d.r .on,...,on. ,ror, ~. ps.
Colomb,. granted in ,sbo. and ,pnn,nn o.
Iess 49,
In Iss7 tb,. comp,nY ,s,pe6 g., ooo ooo
ren ooo ooo, Th,r,r,.,r , por c., ,e"Hs
popa, uh,oh rr.,nr. ON oc,ohor IN 800 ,'~ ~Ats
there wa, no ,,nt,ng.fnnd oh,,s alton wh,oh H. lug
q ,o Az 40 IN. coun.nx ,rom no,,r..a -
xo,rnt,r,,v "a, ,.,d. .nrn,r. ..rn,,r. - .N'
lima sor IN. rrrnoss n, u..,,r, r.. $50"
n.,,-x .,d r.. ,h,. ,.,,..d II. "
vh,.h nrov,.,or 4. ~ h. n.a. % 81. .au.N-, IN
.n.i sun n, praz aoo .,, eo a,, CO.,
From the nroceeds NJ m. AL. n, ,ho 40 ono
nav Az Per Con, Fir, Mor,gsgo s,,l,n. p,.,oN'
Ro,ds ana Nth ..cpr,,,e. ana CT -
from surp,us e,rp,np,. the comn.n, v,n 80
,rro,.n, 20 ro,,r. ~. o,,.,.no,,r .N'
enc. po,ds AZ M.,p,itv ana Nv. sr.nln' ~"
oToo 600 -"u'
rho n.v no~.zo I'll ,o,.
oare ,od.b,.dnsss q, N. comn.rr .ns 80 "
s.c,r.d - . a., liz, -, Ill 81. ,.u-o.
copces.,ons right. fr,ncb,.es ana raj ~, ,.-"l
n,onsrtx ~, ,h. corn.rx ,ov ov,.,
h. .con,,.d
In ,ccord,nc. With IN. ,.ru. =, -,
..c,r,ro ,ho MAJ ,.,r. ,h. corn.n. 80
q, 49,, 90, .. go 90
red.mnt,on NJ Thea. bond. a, m. h..t 49, ~
th.y can hs ohts,nsd hx N. T,,,,..p ~. ,w
s
los and accrued ,nt.rss, m. 1rrs,o,
tina, amoup, nv LOT AT that nr,ce and ~ -
on the next interrs.oa,.
After i've years the Comp.py IA entitled n rs,.-
on .ny ,ntere.,.da,. ,ny n all q, N. or,.,.as.-
bo,a. NV 10, a, ,on And ,..rr.d ,n,o,a.,
finder the ,.ru. n, N. corc...,,r. go
lie Of Colombia This Comnanr n,rs . ,,,,
men, an .rnn,, ,rb.,dv y, zoos ooo
nav. 10 thu n.n,r+u.,t y, p,,,u, .,h-,-,
Ras. 600. MAKING a total ch,rv. n, n.so ooo 49,.
.nnpu The.a navn NJ. =. IN ,,ar =, = -.
other governmental charge.
AT the reopest Of IN. Colombian ro,sru.,,n
order to capit.I,,e for ,s beneo, the .yh.,sr .r. o..
,vsntx.s.xen xs,u ,h,s coun.rv ,.sra. a. 900
| 600 OF bonds. of which there arc now ou,,,,n4,,,
m saa. ooo III. r.u,,r,n, an ,k. 400 -
| been Maid and cancelled nv animal drawings
Tbes. subs,ov hopd. ,an.r.d 10 do :, ..
any Increased indebtedness and ara NOT ,.cp,st ~,
mortv,e.
ONT of the suhSfdy dua tha iorevpp,anx .a.t -,
the interest on these l st.named bond. . ,.,t ,,s
the remainder IA psed for tho n,rnoss a, or,r,,.,,,
| cancell,pr rs many bombs as can he redeemed 49,
with. In this way the ,sspe will he .r,n,,,
duced. and will be retired b-rore maturity Am.
exptration OF the twenty-sevep vear =, ,aos m.
t! PAYMENT of the annual subsidy d,rsct 70 the Go,.r
| ment will he resumed.
The authorized Issue OF the nev 4, Per Cent, y,ra
Mortgage Loan ia "a. 600. 600. q, wh,cb a.. ooo
0<o - ,ss,sa ., nr... 40 n
600 are held in trust. To be issped only ,o- h.,,.,
ments. improvements or new proner,1 acon,,st ana
like purposes as provided I'm the n,or,r,r.
BY this reduction I'm the pnpc,n,l And ala, &, III,
rate OF interest. the Comnanv reduces ,s annual n,s
charge over q 4 90. 600.
To meet the rsop,rauan,. q, thu t.ro,on,--,a
o, the Pacific Coast with the rn,tsd SAL, ana
Europe, and to abolish the ,,.,em q, l,,b,.r,n
service in the Bay Of Panama which has n,sv,,Ie3 fr
nearly afrv xear and m Introduce ,ho w., ,n.
proved methods of LOADING upload,nv and handling
trafnc. the Company has contracted 10, the cor,,rns
ton of n great pier harbor. and o,har Ike I'M INV
mepts and facilities in the Raw NJ p.n,n. ,.-,.
ting the loading and un,o.d,ro y, .or,,a. t,,.,,x
from vessels to cara These ,mprovenant, -. NOW
under unx and viii coat, abou, n, ooo ono
The large saving in expenses of onerat.op ot .,-s.
shipmeut over the iebterar. dnvoIvtns touh,
h~andline> OF caryoes "a clrev,dent. uh,. the IN
crease in business from the shorten,ne az the yo,,ro
At least seven dayn. freedom from delav. ,nt.r-up-
tions, and accidents. and general faciu,atiop Of, Sud.
neas. give assuranee that the animal cash rp,ulu
from ,heae improxemen,. xm n. "a, a. .,os.,o a, ,ha
annual interest charge incurred thereby
Additions 10 the compapv.s ne., Of steamers. tn
establishment of grain sI.x.tor. and vs,.,,p,cs
on the Isthmua. and other eoually ,nnortAnt i'm
movements. are al.o contemplated In the early
,,,rn. rhs.. ,.,,.r .d,,,,on. a., ,n,,,r.u.r.
years Of about $780, 900.
The MT earnings OF the Company for the past Eve
years have averaged o Z. - 4 90 per aupuT. The
yeArs 1898. 1894. and 1895 were the years OF ASEres