The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-18
$2,5oO,0oo
Michigan telephone Company
CONSOLIDATED MORTGAGE
GOLD so BONDS.
Of Authorized Of SIS, 100000
Dated January Z, 1899. Denomination $1,000 Due January 1920

The bonds FORM with provision for registration
the principal They practically First Mortgage only
$285ooo of the $4,000 First Mortgage Bonds
originally authorized will outstanding.
First Mortgage per cent bonds due 1917..... s2s5ooo
Consolidated Mge per cent bonds this ISSUE 100000 27s5ooO
Average net earnings for five years-after payment
of applicable TO dividends
(see letter prestn Charles dnddn3
1894 1895 1896 1897 1885
Subscribers =. 12,1s7 1908 1891 1868 1oo52
approximate 900
subscription 50 accrued
interest to date of delivery, payable as follows:
per cent or $50 per application.
delivery March 18TH
Application Stock Exchanges
HISTORY Michigan Telephone Company organized 1883
the State Michigan and acquired properly
rights the Telephone and Telegraph Company Detroit and the
Michigan Bell Telephone Company the n the
Telephone the entire State which operating
5743o population
PROPERTY property shown on the books
Company December which
& Webster, Electrical Engineers, reported at that time:
replaced
Subsequently expended soS7o63 total
this the Company will have
exclusive of franchises of about 100000,
$2.785, 900 outstanding bonds.
letter us dated February 6th $780, Mssrs Stone Webster report the
examination the property
opsFt company have been maintained til.
that was year been made to the underground
Grand Rapids part the line, have been put Jackson and M
MANAGEMENT Michigan Telephone Company has re-
proposed
policy outlined the following letter to ushom Mr. ChareJ Gdden
dent of each of the aforementioned companies:
ntemen February
Q Michigan
Consolidated Mortgage Bonds to be applied as follows
First To purchase and cancel the outsandng First
$OOO
exclusive
use the Company the following
Kalamazoo Lansing Marquette and Point Huron
consisting Main Building and
Third To distance
entire service of the United states d cS the
placing copper metallic circuits for Ions m
vice on pole routes already established throughout
Fifth To the Exchanges
improvements of the
regular dividends the
(sgned) GIIDDEN President
MORTGAGE The provides total issue of bonds
offered Immediately retire $4,000 First
Mortgage bonds. '''''''' *"
s5oooco reserved by the Trustee for future extensions and h ~ h
remaining First Mortgage bonds outstanding
REPORTS All legal requirements in the and mort
Oeen performed under the SUPERVISION and with the
Storey hnd<e the physical condition of the has BY
Ms Stone Webster whose valuation thereof and the accounts
have been examined and reported by Mr. Henry Piper expert public
accountant ~ F
Copies of the Reports Are Open Inspection
4
! Directors of the Michigan Telephone Company
(vce Union Telegraph Co, cti
4
FREDERICK Michigan Telephone Co Detroit
4 O''' DeiolI
j CHARLES GLIDDEN Telegraph Telephone COZ
! op"'Ne W."
A Union Telephone Co., cbic.
4 ~" N"iua-
ROBERT Palace Car Co., cbcago
4 0''' Oihedso
JAMES McKINsTRY Telephone Co, Ctve
. o. W. NPeNe-
HUGH MCMILLAN Pres Commercial Bank Mich
Subscriptions for the received at orr ofces
Monday February Goth, p NJ unless earlier termi
mated at discretion. N
POOR & GREENOUGH
BANKERS,
| So Devonshire St, Boston
ID Wall Street. New York.