Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-07-26
FINANCIAL.
~~~.~~~r>~.~-~.~~J~.N4,>~r>~e>
100000
THE MIDLAND TERMINAL RAIL-
WAY COMPANY.
First Mortgage 3 FER Cent. sinking
Fund Gold Bonds.

Dated December ], 1896; principal due
December ], 1925. Interest payable June
Isl and December LIST OF each year. Prin.
clpal and interest payable at Farmers
Loan and Trust Company. OF New York
city, In gold coin OF the present standard
Of weight and fincneSs. Coupon bonds OF
5000 each with provision for registra-
ton OF the principal.
The Midland Terminal Railway Com
pany, organized In the fall OF 1892, opc-
rates forty miles OF road from Divide
Ia station on the Colorado Midland rail-
wayJ 10 Cripple Creek. BY means OF the
Colorado Midland railway. 1t has connec-
lions with the Atchison. Topeka and
santa Fe, Union Pacific. Denver and Gulf,
chicago, Rock Island and Pacific, and the
Denver and Rio Grande railways, as well
IS other lines entering Denver.
CAPITALIZATION.
capital stock s....................$f, 900 600
Bonded debt $3.50. 81 600, 900
Less bonds redeemed 100000
Net bonded debt only .......... 600 600
me me- earnings Of the Midland Teyminoi
railway FOR the first four years have been
such that the company has found IL
necessary 10 issue only 100000 bonds,
instead OF 100000 as originally proposed.
which amount is executed by the COM
many and certified by the trustees. 500 900
III The bonds have now been cancelled,
leaving bonds Nos. to coo, inclusive, out
standing.
EARNINGS.
Z II. ROLLINS & SONS. Boston, Mass:
pear Sirs.- Pursuant TO your instruc-
tons. We have made an examination OF
-be books and ACCOUNTS OF the MID
LAND TERMINAL RAILWAY COM
PANY, Of Colorado, in detail, and. In ac-
c0rdance herewith. certify that the net
earnings for the four years ending No
vember 90 1897, applicable 20 interest on
bonds amounted 10 the sum of 1881, J0l. 0S
Fo~ improvements and additions to the
property from January !. 1896. to Deem
tsr I 1897 there was paid and charged
10 operating expenses the sum Of $S 7O0.56.
which. under strict construction. would
tey. been chargeable to the cost of pro-
rsrty. Yours very truly,
lslCeCO
THE AUDIT COMPANY OFNEw YORK.
New York. June II. 1895.
For the fiscal year ending November 30,
1C- Forty miles operated:
Gross earnings .................. 500 ,3f0.4S
Operating expenses, taxes,
and rentals .......~.....-.... 23s, e2o.of
Net earnings recommendation 18.5O
Tho first SIX months of the present fiscal
year show an increase in gross earnings
over last year Of Sl5.aC.
Tho fixed charges are $50 600 per annum,
after the payment OF which (based on
Of ND.HG9f. applicable to sinking fund
and dividends upon the capital stock Of |
s. ol1O0). or about IA per cent.
SINKING FUND. |
Tho mortgage under which these bonds |
are issued requires that sinking fund or |
Z per cent OF the gross earnings or the |
be set aside each year Tor the |
rfirchaee Of bonds I'm the open market, |
on I'm case the bonds cannot be so pur-
chased. tho Trust Company shall draw
bonds by lot and redeem the same at
Us and accrued interest.
The sinking fund affecting this issue OF
bonds commenced June ], 1898.
Mortgage and legality approved by
Ncssrs Hornblower, Byrne, Taylor *
Miller. New York.
A complete descriptive circular giving
the yearly earnings from December ],
1894 as well as the monthly earnings
from December l, 1895. TO June /. 1888; also,
statistics relative to the gold productions
NJ Cripple Creek during the last -FOUR
years. and other information covering the
territory served by the railroad, furnished
On application.
Price 1O2 and Accrued Interest,
PAYING ABOUT PER CENT.
T.. II. ROLLINS q SONS,
10 Milk street, Boston.
g., oe t., XV&Ga9t