The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-16
$2,5oo,ooo
MiChiganT telephone Company
CONSOLIDATED MORTGAGE
GOLD so BONDS.
Part of Authorized Issue of SIS, 100000
Dated January 1885, Denomination $1,000 Due January 1890


the principal They practically Mortgage only
S2a5,ooo of the $75o,ooo First Mortgage Bonds
originally authorized will outstanding.
First Mortgage bonds, l917...... $2ssOOO
Consolidated Mg cent bonds this ISSUE 27S5OOO
Average earnings for five years-at:r payment
of interest," applicable to dividends. $1S311
etterb vfromp Charles J. dnddnJ
1896 1897 1895
Subscribers 12,1s7 1908 1921 1868 1862
estimated that the subscribers approximate
subscription go "a and accrued
interest to date of delivery, payable as follows
per cent o $50 per application.
SO Ia cent and accrued interest delivery
Application will Boston Stock Exchanges
HISTORY Michigan Telephone Company organized 1888
under the laws of the State Michigan property and
rights the Telephone and Telegraph Construction Company
Michigan Bell Telephone Company becoming the sole e the
Bell Telephone Company contains an operating
miles, and population
PROPERTY. The structural the property books
the Company December 1906 which Stone
& Webster, Electrical Engineers, reported at that time:
not a th " n s. the pan s believe that
Subsequently has expended $Soo87o6 total
December 1885, approximately, Including construction pro-
ton exclusive of franchises of about 5oooooo secure
$2,795, 900 outstanding bonds
In letter US dated February 6 $780, Messrs Stone & Webster report M
results examination of the the
up the
and Extensions have been made the
% hnn~s has b h" % bo a s put IN Jackson and h
apparently been well maintained
MANAGEMENT Control the Michigan Telephone Company has re-
Gently been secured by the Erie Telegraph Telephone proposed
policy following Cdden the Pres
dent each of the aforementioned companies:
February g. 1899
Michigan ree-
phone have authorized
Consolidated Mortgage Bonds to be applied follows:
holders of
n as 5 the purchase of leaving outstanding bonds the
Exchange Buildings for the exclusive
use of the Company the following
In Detroit for Branch Exchange Buildings,
c,+y
Kalamazoo Lansing Marquette and Point
Detroit and Main Exchange
Buildings jackson, Grand
Third To extend the sections of the
e not already covered including the iron and upper
State and the entire Canada
throughout the State PROVIDING f
connecting new subscribers at all EXCHANGES
and general additions to the Company's plant.
and
outlined have largely increased the
C @ providing 0r all hNed charges and regular dividends
(signed> cHAs. j. GLIDDEN President
MORTGAGE The trust issue of bonds
$1,000 no" offered for extensions and to Immediately ooo First
OOooo be reserved by the Trustee extensions and retire the
remaining First Mortgage bonds outstanding
REPORTS legal requirements in the preparation of fine bonds ana
gage have been performed under the supervision with the approval of M
Storey lhonde the physical condition the has been determined BY
srs Stone Webster whose valuation thereof herein the accounts
have been examined and reported Henry Piper expert bubble
F F
Copies Of the Reports Are Open to Inspection.
"
Directors of the Michigan Telephone Company
Ill -lN7i"fi CoI
@N0PHOiie Co'i I'efol
CHARLES GL1DDEN Telegraph Telephone Co,
Lowell, NP"'"0 O'''
WILLIAM JACKSON Central Telephone Co.. cbca
N0 W. OiHca
ROBERT r. LINCOLN Car cboo,o
III. ~ va ~o" Cihcaso'
JAMES Cvice Pres Cleveland reeohope CO, cr.vo
NN'o]0 W. ~eNe-
HUGH MCMILLAN Bano Detroit Mich
Subscriptions for the bonds our
Monday February 2Oth at o'clock NJ earlier ter
mated at discretion. ~
POOR & GREENOUGH
BANKERS,
So Devonshire St, Boston
1e Wall Street, New York