The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-02
Net earnings. oais.o4S oasa.si5 Increase eso. 7ao

Net earnings. o91S.045 sass. s15 Increase $50. $50
The extension Of the Mobile and Ohio Railroad
System, by the construction Of ths Montgomery
Division, from Columbus, Mississippi. to Montgom-
cry. Alabama. with two Branches, 70 proceeding
vigorously, and the contractor hopes TO DO able 20
deliver the completed Road to tho Company In the
early spring.
or tho q. 0oo.C 40 LIST Mortgage Bonds disposed Of
to you. and VIII h you state you are now about to
OFFER to Investor the proceeds Of $500, 900 has been
specifically set a. do and appropriated to tho pur
chase OF equipment on terms most favorable to the
Company. The proceeds OF the balance Of tho iasue.
o3. 5000 has boon. and Is. specifically hold and
applied % the work progresses. At tho last datea.
about ninety-nve per cent. of the entire. grading has
been done; atarge part Of the rails, etc.. for the en-
tire line are on the line OF the Road; the laying OF the
track 10 proceeding - rapidly a.. surrounding con-
ditions will permit; the superstruoture OF the bridges
over the Alabama, Warrior. and Cahawba Riveu 10
under contract and in process of delivery; the piers
and permanent structures arc being rapidly oom-
pleted, and from one end Of the limo TO the other tho
Contractor 10 working.
The entire length Of the main line of the Mont
gomery Division. from Columbus. Mississippi. TO Mont
gomery. Alabama. 10 1913 miles. with two Branohss.
these latter not only enabling the Mobile and Ohio
Railroad to reach coal for Its own for
which It is now dependent upon other lines. but also
enabling It to control coal for general use. and.
especially. to supply Montgomery and southeastern
points. At Montgomery. while committed TO no ono
Of the several lines terminating at that point. IL will
be in o position to deal with all. Tho business Of tho
Mobile and Ohio Railroad proper. reference to which
II contained in the annual and monthly reports. 10
showing o continued and healthy increase, and tho
addition Of the Montgomery Diviaion will not only
contribute to this same and, but will also put tho
Mobile and Ohio Railroad in a position OF equality
with its n~eighbors and competitors. and the fact OF
its being the shortest limo from Montgomery to st.
Louis will give Il o voice in the making and main
tanning Of rates, not only to its own advantage. but
to the development of tho entire territory through
which IL runs.
Deducting the amount of Bonds applied 70 the pur-
chase OF equipment. and the extra cost OF the expen-
sive bridges across the Alabama and Warrior River,
the rate of not exceeding $4,000 per mile. and the
annual charges upon this line will be alightiy over
o. 1000 per mile. In the construction of this Division
NO issues OF stocks or bonds other than those included
In the %. ZOO. 900 now issued to you have been made
shall DO pleased to furnish you with any further
mi you may desire in connection with thu
Management and tho property.
You're truly.
Csignsd) J. @. CLARKE. President.
Application will 30 made 70 have these
bends listed on tho new York stoek nnohanGo.
A large portion or this iaSuo has been taken
for Investment
the anaersiEnsd onsr TOR sale . limited
amount or the aboye bends ut % Ia ana no.
eruea iatsrsst. subject to advance wtsh0at
nottoe.