New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-10-09
cornp,nv. qrarantec and ownership Of the tpro 80 .o


,..-...,.o ,o.,,,,,,or ............-s3 "a 900
1a AEs hS ISL 6oo ai the d1po,ri
Tue cDnsoluated mortgage covers ai lhJ l"'t0 az
valuable real estate in the CITY Of Chicago ara ELSEWHERE
Gsed or TIE purposes O.; ta1 eon (G To- e received
under its own and the Wnona and ~. refer l'i
E' w ~ he land rant road now under contract
The aggregate amount uf sid lands Is -U''n'' ~
as 20 900 rrs,ryed "a already stated are for the ur
,i., oil ally conpet,ng works nov IN progress on Tie
and c .hops. drpots warbouseS docks and Tor the
iuWo'tHcLt Of crn., eit way, 10 W. ; IN iic recon
s.rlu0u Of bridges his class 81 renewals max from
time 10 tine De- required
Now. by the comPany's report for the year ehtea
MAY 81 1876 the bonded debt, in order of priority
without paIticuaizmg the earlier iasues stood aS
follows:
Bonds OF Chicago and Northwest AID o,--o,
oquches due ION % 70 l,s' 7''l''ooo
branches due from 1873 20 lSe-..;-...... -'o-''oo
Chi,JIO au3 Sorih-Vcs cOl-'r.at 70 mort
gaze Sinking Fund currency bonds uu' IN
1918, INTO watch the PIcNious-na'ne' DoAa' .oo 900
are conYcItl'!t--.---. '..-''-.'-'' ' 80
Total a.st consolidated. 100000
"'l'' 'N'''.. NOV ''' ' 3I3oOoo
- due ''..o' c '.' @ 27ooooo
Total on 1.O59aol miles Of road --..,..,
l1i''1o per- mu'li mn, ,
CHira-o I1d Sor,h-Wcst Railroad proper
1899 mii,sl To The cOnsotia.c d .oi, lon
duc iH 1907 oi wHir,i, 10 tLc Jt-i Go - =,
thore bad been issued for he "iH',po>cs'
quolsd bb.yy-iu about zig years lime -,,,o,.
Clearly $4,000 per ml) ITO siim oi... 49, '"'V'V
To,al debt on 1859 1000 miles as Of
M4y 81, $40 (-27.6JU pcr milo ...-..-23 333.ooo
About the years 1877 and 1872 lhord w'- ao i--y'
Of about 81 10000 to S2,OO",O30 oi bonts tha5
docs MT appear in tho foregoing liable, and has
never appeared IN any of the reports oi tie company
We refer 20 the is,Go then known rs iie " Lou
branch i.orglgo bond ~ and which were negotiate"
i'm Amsterdam. Tie " branch never was JH.li, aad
we believe We are correct IN saying Ht;T Nds t"H-
mcuced. but that the fgads realized foH tAt bonds
,crc used 10 complete the Madison and }l,romiaae
Extensions, AMI for general purposes IL, Madison
extension, 1875 miles WIS morir@grI ~ ABOVE lot
S3.1JOu0O. OF $4,000 per ME, AMI Jh'
Mrnomirce extension, 100 miles, for S2'I"''"V''
or %22 500 per mile. These sums II would
seem should have been sufficient % have completed
th.,, two extensions nut il If stated ,hry were not
hence tho &c I1ii branch bond" Nh.'hri.nr i.iut
hps yer Lcc r.. rcd by M cNchaag Io. lAe ""id
oi the general consolidated mon gage cold l""ii,
or are sill outstanding, wc are unli"f'A o. hHt J."
either case they are unduubt Jif incurred III l"i
arol,nt # In. latter rrpn:t,d % hc outstanding, To
wit. SO -S9 o0O rs of Nay 81 Il viii hr observed
tIat all the earlier issurs which arr due from ISIS
cxobauer1blc for tho FIRST consolidated Striking
hl.d currency bonds" due in 1915. mcithcr event
i, viii amount to an exchange, because j the i's'
consolidated bonds rule above par, tl' company Vii
secure Inc oIcrilia b. selling them and paying the
fac. OF he mliurrl bonds, 50 iat after lo'N ihrI'
wi!lb 3I2 10000 Of the "ir,. consolidated hon's'
not due until 1918, covering Si3 mice of road.
equal To $I1.7lO per mile; Madison Extension
bonds. due ia 1917. for S311Oo"o covering 1913
miles. equal to So 900 per mlc and th" M"nonl"re
Extension, due in 1911, for ;s2,5uo,opo, covering
l2j miles. equal - T2@,TpO Per m.ir-a grand toia!
oil 81. 100000, "a per table above. dne .ram 1911
to 1913. which rs prior lien upon l3-a "s5 mile
Of road 10 tLc mortgage wEi". secures tine "c.ls'A-
dated g,ll bonds" due in 1902. The additional s'-
curitv afforded by the consolidated nor cage &c
tending over the pupurts-y rad, is Does. Ds.i','d
Iyas.l;,rou. af 'br liens which prcccdo 10 ca the
respective properties To VIII: