New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-19
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ISSUE OF
$3,232,OOO
First Consolidated Mortgage
w Per Gent.
80 Year Gold Bonds
DUE MAY 1sT, 1890.
$4,000 Shares
5 per cent
Cumulative Preferred Stock
The United Electric Light
and Power Company,
OF BALTIMORE, MARYLAND.

THE UNITED Electric LIGHT AND POWER COM
PAN-Y is consolidation OF the Dison Electric illuminate
ing Company with the Brush Electric Company. and
owns ali tho bonds and all tho stock Of tho Northern
Electric Company thus being practical consolidation OF
ALI, THE Electric LIGHT COMPANIES DOING
BUSINESS IN THE CITY OF BALTIMORE
The capitalization of the United Electric
Light and Power Company Is as foiiows'
First consolidated mortgage ~
per cent. 3O-year gold bonds .Sf,6oOVoO
per cent. cumulative preferred
STOCK ..''''..'''.'' 80,
Common stock. ...................... I,OOO,oo
Statements prepared FOR from the books OF the con-
companies operated separately and In active com
petition show twelve months ending December
sls,. 1898 combined earnings Of over s2 oo and
years income considerably In excess
present fixed charges OF The United Electric Light
and Power Company The reports Of experts Indicate
great reduction operating expenses direct result
OF the consolidation OF the several companies thereby
largely increasing earnings apart from es-
timated increase In gross receipts.
The FIRST CONSOLIDATED MORTGAGE BONDS OF
The United Electric ght and Power Company
81 each payable bearer with privilege Of regis
tration Of principal lien upon all the properties
rights franchises etc. owned or which may here
after acquired by that Company. subject only To
SECS underlying bonds outstanding Principal and In
terest payable in gold United States Of
equal TO- the present standard Of weight and nneness
without any deduction for any taxes which the
Company may required retain deduct thererom
by any present OF the United states. Of
the State OF Maryland for State purposes
Interest payable sernannuay tho first Of November
and first OF May oanknghouse OF Alexander Brown
& Sons. Baltimore
Maryland Trust Company Trustee OF the mortgage.
OF the total amount OF first consolidated bonds author
lied under SECS 900 TO be reserved TO
provide at or before maturity. for equal of
underlying bonds being total amount Of such bonds
outstanding $1,000 600 bonds be held in the
treasury Of the Company issued only IL and future
requirements OF the Company may demand. leaving
50 232 900 bonds be issued at once.
The PREFERRED STOCK. OF the par value OF $50 per
share is imted 1900 shares Of which 5000 shares
are 10 be reserved treasury OF the Company be
Issued only II and requirements Of the Company
may demand.
This stock Il entitled cumulative preferential div
dends payable out OF the earnings OF the Company at
the rate Of per per semi-annually. Novem
Der first and May in each and
Application will be bonds and preferred
stock listed the Baltimore Stock Exchange.
After investigation have purchased the above
the X shares OF preferred stock
and the bonds for sale at and accrued in
and preferred stock at forty dollars $40 per
share and accrued dividend. which price this stock
would yield a income Of about ga per cent per
snnum Zach to be paid for on Monday. the 30 day OF
July 1899 which time negotiable receipts will be
issued for bonds and preferred stock II
engraved bonds and certificates Of stock then
ready delivery.
Copies Of the Agreement OF Consolidation mortgage.
counses opinion etc, nay be at the Office OF the
Subscriptions bonds and preferred stock will b
received until o'clock Friday. 23d day Of June
1892 right is reserved reject applications to
close the subscriptions earlier than the said date and
allo smaller than those applied for Aotments
will made promptly possible after the closing OF
subscriptions
ALEX. BROWN & SONS.
BAL TiMORE TRUST AND GUARANTEE CO.,
BALTIMORE, MD.
Innn NH