New-York tribune., 1900-05-22

OFFICE OF THE
Wheeling & Lake Erie
Railroad Company,


cent Bonds, Sue Oct. LIST. 1926.
Wheeling Division First Mortgage per
cent Bonds. due July 1928.
Extension & Improvement per cent. Bonds.
due Feb. LIST. 1890.
Toledo Belt RAILWAY Co. Ist Mortgage per
cent Bonds.
In order secure permanent entrance into the
OF Cleveland there the
Company has. the Wheeling
& Lake Erie Railway Company. acquired the Cleveland.
Canton & Southern Railroad. and Terminal
Railroad in Cleveland II also arranged acquire the
Coshocton Southern Railroad and the terminals and
railroads in GAINESVILLE Of the Cleveland Canton and
Southern Railroad Company. thus obtaining indie
pendent line through Coshocton GAINESVILLE
and terminals city.
The Cleveland. Canton & Southern Railroad connects
with the Wheeling & Lake Navarro and
sherrodsve II is upwards Of 200 miles in length in
cluding branches and with the Cleveland Belt Line the
Coshocon Southern Road and GAINESVILLE terminals
connecting with the Wheeling Lake Erie coshocton
the combined total mileage than
ass miles.
The Cleveland Cleveland ad-
centre Of the city and with the Cleveland Belt Line and
Terminal Railroad gives railroads in
Cleveland. and also large manufacturing plants
and other important
These combined roads form a and direct line be
tween Wheeling and the cities Of Cleveland and Toledo
and touch other important points. such Canton and
industries
these towns
The mentioned below the prop
erty owned and will the Coshocton Southern
Railroad Company from Coshocton GAINESVILLE, now
being acquired, a 2os miles Of
road including branches and are secured by general
entire Of 453 miles
WHEN THE EXISTING DIVISIONAL MORTGAGE
BONDS ARE RETIRED, BY EXCHANGE OR PAY
MENT THESE NEW BONDS WILL. BE A FIRST
LIEN ON THE ENTIRE PROPERTY. The present
mortgages first liens only portions of the
whole
The earnings OF the Company months end
ing 3st March. 1900 Cleveland Southern
divisions being included only August 14th 1899.
show a surplus al interest
and for that Of $3.50 3s8 This satisfactory
showing is irrespective which
will receive from the improvements under way and
earnings should within reasonable show a
substantial increase.
The authorized capital Wheeling Lake Erie
Railroad Company
5000 900 FIRST CONSOLIDATED MORT
GAGE go GOLD BONDS. DUE SEPTEM-
BER LIST. 1s49. INTEREST PAYABLE
MARCH lst AND SEPTEMBER 1st
To be disposed OF follows:
Set aside 10 retire by exchange present
outstanding bonds Of the Company Sc. 400 900
Set aside for the purchase Of the Cleveland.
Canton Southern Belt Line
properties, payment retire
of outstanding obIiga-
tons for the purchase of new equip
and the general Improvement of
the Conpanys acquired prop
critics ................. e.ecoooO
Held in the treasury only for
future requirement
OF additional terminal prop
critics 100000
Total ..-............... .s15. 600
So 900 ooo FIRST PREFERRED NoN-cuMr
LATTVE 4c6 STOCK. ISSUE LIMITED.
To be disposed S follows:
Issued In Plan of Re
organisation of Wheeling and Lake
Erie Railway Company
7th 1898. -...........-...--..... s2,5Oo,ooo
Issued purchase Of the Cleveland
Canton Southern and Belt
and for expenses. ........ s2o 900
Set aside Bondholders under
the Of the offer OF exchange. 900
Total Observation-Disclosures. 5000 900
s12, 600, 900 SECOND PREFERRED NON
CUMULATIVE 4e6 STOCK, ISSUE
LIMITED.
To be disposed follows:
Issued in accordance the Plan of Re
organization Wheeling and Lake
Erie Railway Company. dated Febru-
7th 1896. ss.......................... 100000
Issued for purchase Of the Cleveland
Canton and Southern Line
properties, and for expenses ............ 32loOO0
Set aside be Issued Bondholders under
the OF the above offer OF
change -...-....... 100 600
To remain treasury for future needs
OF the Company y.....................-. 100000
Total ...........-......... s12 900 600
$40. 600, 600 COMMON STOCK.
Disposed as follows:
Previously outstanding and in the hands OF
the public ............... sI5.OOOooo
Issued for the purchase o. the Cleveland
Canton s. Southern Line prop
critics ACKNOWLEDGEMENTS. 100000
To remain in the treasury future needs
OF the Company ACKNOWLEDGEMENTS. 1000 900
Total ---.-----.-- --.......... p. $50 600 900
The Company considers the accrting from a
which will uniformly enti-e present
property also future acquisitions more ad-
yantageous YOU divisional MORTGAGES each
Of which covers only portion Of its
mend you exchange divisional bonds
sodated 5Oyear 405 Gold Bonds due 1919 nrs
preferred stock stock The Wheel
ing & Lake Erie Railroad Company. the following
& z