New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-04
MOBILE & OHIO RAILROAD COMPANY.

70, EARNING, .si9s45 sos9 si5 Increase $50 40
The extension OF the Mobile and Ohio Railroad system
by the construction Of the Montgomery DIVISION rom 90
iumbus. Mississippi TO Montgomery Alabama WIN TWO
Branches IL proceeding vigorously. and tho contractor
hopes to he able deliver the completed Road to the
Company In the early spring
or the 100000 Mortgage Bonds disposed OF TO you
and which you you about to oher 70 IN
vestor the proceeds 600 has been specifically set
aside Appropriated TO the purchase OF equipment on
terms most favorable the Company. The proceeds OF
the balance the issue. $4,000 oo has been ana Is
specifically held and applied the work progresses Al
the last dates about nneyhve per cent OF the entre
grading has large part OF the rails ETC. Tor
Tho entire line are o. the OF the Road the laying OF
The track proceeding rapidly a' surrounding con-
dioas permit the supersucure OF the bridges over
the Alabama Warrior. and Cahawba Rivers Is under con
tract and IN process Of delivery the piers and permanent
structures are being rapidly completed and from one end
o., the line to the other the Contractor is working
The entire length Of main line Of the Montgomery
division from Columbus Mississippi, 10 Montgomery
Alabama is l6s miles with Branches. these latter
st ,,y a,ablnr the Mobile and Ohio Railroad TO reach
coal for It's own consumption. for which II Is now De
peneent upon but also enabling 1t to control
coal for general and especially 10 supply Montgomery
and Southeastern points At Montgomery, ~hi.e com
i,ted TO no one Of terminating at that
point II Will he IN position TO deal with all The ousi-
ness OF the Noble and Ohio Railroad proper reference
70 which contained in the annual and monthly reports
10 showing continued and healthy increase ana the I'D
dillon OF the Montgomery Division will not only con-
tribute TO this md but VIII also put the Mobile and
Ohio Railroad position OF equality with Its neishoofs
and councillors and OF its being the shortest
line from Montgomery St Louis Will give II d voice
IN the making and maintaining Of rates not only 10 is
own advantage the development OF the ehtre ter
ritory through which II runs
Deducting the OF Bonds applied TO the purchase
o, equipment and Of the expensive bridges
across the Alabama and Warrior Rivers. tho Mortgage
len upon the Montgomery Division Is at the rate OF not
exceeding $1,000 per mile and the annual charges upon
this line Will be slightly 81 900 per mile In the con-
structon OF Division issues OF stocks or bonds
other than those the 100000 now issued TO
YOU, have been made.
shall pleased furnish you with any fuTther IN
formation you desire In connection with the Man
agement and the property
Yours truly.
fs,rn.s) j. c. CLARKE President
Application will be made to have these
bonds listed on the New York stock Ex-
change.
4 large portion of this Issue mas peeh '"heh
for Investment.
amount of the above bonds ut - IL and ac-
crucd interest. subject TO advance without
notice.
The bonds are ready for delivery.
Central Trust Co. Of New York,
"a WALL STREET.
Hallgarten & Company,
2s BROAD STREET.