Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-07-27
100000
THE MIDLAND TERMINAL RAIL-
WAY COMPANY.
First Bortgage Per Cent. Sinking
fund Gold Bonds.

Dated December l. 1895: principal due
december ], 1925. Interest payable June
LIST and December LIST OF each year Prin-
cipal and interest payable at Farmers
Loan and Trust Company, of New York.
CITY, In gold coin Of the present standard
| OF weight and fineness. Coupon bonds of
slOW each. with provision for registra-
| ton of the principal
| The Midland Terminal Railway COM
pany, organized in the fall - 1892. ope-
rates forty miles OF road i.om Divide
| "a station on the Colorado Midland rail-
way TO Cripple Creek. BY means OF tho
/ colorado Midland railway, II has connec-
! lions with the Atchson. Topeka and
! Santa Fe, Union Pacific, Denver and Gulf.
4 Chicago. Rock Island and Pacific, and tho
) Denver and Rio Grande railways, as we'll
as other lines entering Denver.
CAPITALIZATION.
Iapltal STOCK ....................Si,0 DOC, DOC
Bonded debt 81 900 900
Less bonds redeemed 1000
Net bonded debt only ......... 600, 900
Total .. 81. 600, 600
The earnings of the Midland Terminal
railway for the first four years have been
such that the company has found IL
necessary 10 issue only 100000 bonds,
instead OF 81 900 900, as originally proposed.
which amount is executed by the com.
pany and certified by the trustees. 100000
of the bonds have now been cancelled,
leaving bonds Nos. TO 90. inclusive. out
standing.
EARNINGS.
T.. II. ROLLINS G. SONS. Boston. Mass:
Dear Sirs.-Pursuant 60 your instruc.
lions. we have made an examination OF
the books and accounts OF the MID
LAND TERMINAL RAILWAY COM
PANY. of Colorado, In detail, and. In ac-
cOrdance Herewith, certify that the net
earnings for the four years ending Mo-
vembsr 90 1881, applicable TO interest on
bonds, amounted TO the sum or *ozl .bOl.vs
For improvements and additions TO the
property from January 1, 1895, to Decem-
Der 81 1897 there was paid and charged
to operating expenses the sum OF W.. 0o5S,
which, under strict construction, would
have been chargeable to tho cost OF pro-
perty. Yours very truly.
= (Signed)
THE AUDIT COMPANY OFNEW YORK.
New York. June H. 1898.
For the fiscal year ending November 90
1897. Forty miles operated:
Gross earnings .........>foo,oso.3
Operating expenses, taxes,
and rentals .................... xJs,"<v.oA
Net earnings OBSERVATION-DISCLOSURES
The first six months Of the present nscA
year show an Increase In gross earningS
over last year OF yl5,sl6.
The fixed charges are 5000 per annums
after the payment Of which tbased on
the earnings OF IssD there was a eurptu4
OF $40 1864, applicable TO sinking iun1
and dividend upon tho capital stock or
81 600 600, or about il per cent
SINKING FUND.
The mortgage under which these bonds
are issued requires that sinking fund or
per cent. OF the gross earnings OF the
company be set aside each year Tor tho
purchase OF bonds In the open market;
or. i'm case the bonds cannot be so pur-
chased. the Trust Company shall draw
bonds By lot and redeem the same at
I05 and accrued interest.
The sinking fund affecting this Issue OK
bonds commenced June l. 1888.
Mortgage and legality approved by
Messrs. Hornblower, Byrne, Taylor ~
Miller New York.
complete descriptive circular giving
the yearly earnings from December l.
1894 as well as the monthly earnings
from December I, 1896. TO June !. 1855; also.
statistics relative to' the gold productions
al Cripple Creek during the last Tour
years. and other information covering tho
territory served by the railroad. furnished
on application.
Price iO2 and Accrued interest,
PAYING ADoUT PERI CENT.
y. II. ROLLINS e. SONS,
10 MIX street. Boston.