New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-11
For the Suutl
uivHon
iIrougn rental
from Central
Iorthe North Pacific 10. Il.
Division CO.. lrs8He. Iotal
1873 .-e 600 lf4 0B sI.G-0.'rO % s2l5j.5Ot O3
1919 . 8G. -6I 3 LbJ.l5f 9J iJJS.5l6 II

ISIS sI.ir0.'i0 % S1l5j.sOt or
than meet the interest on to amount
o. outstanding Bonds
Tho Company state. that tho decrease Of the
northern DIVISION ga 1879 owing in part o temporary
causes. which having recently removed return TO te
former scale of earnings is promised
The Northern Division Is separated from tho southern
Division bv OF about TO miles hy one route from irs
Puo 10 Huron by o. about 100 miles by another
route, from Soeiad 10 Pos6 Junction The san Joaquin
valley Branch Pacific Railroad furnishes the
southern Division with outlet both To san Fr"hc-co AMI
castwardy the line Of the Central Pacific Railroad
IN ~ interests the Central Pacific Railroad
Company taken lease Of the southern Division Of the
southern Pacac Of California for period Of not
than five years from January 1850 and by The terms OF the
lease EFT railroad completed IN I'VE years from that
date that there connection Of the southern Pachc
Railroad OF California with the Eastern system OF
railroads what known the 32d parallel hne'
shall be ended until such connection Is maze
proyidcd does exceed hye years longer
ALL" from January 1880 by the terms OF the
a." agreed De- paid during the contnu
o. This ca's and extension thereof sha ne TWO
hundred and hy dollars MONTH or three thousiu uo't'
por mile" beng. present on about '5l niles equals
abou SGJOOOO annual rental. and H. Tor any cause II
reduced by mutual Of The parties thai The
annual amount Of such rental reduced shall al least De
sufficient pay all the ntercs that has BEEN or S DC
agreed paid any year any bonds OF the Party
OF the nrt pat southorn Pacific Railroad Company 'i cat
fornia herein outstanding during tbs continuance OF the
lease"
Tho number OF Of aud cmhrAcedin the lhu '"'''
land gralt and covered by tue Mortgage Is ''''
mated al inward, OF II 100000 acres OF which
It stated by the Company that over Hoooo %
ncres appertan portions Of The ROAD already Voui
peted OF been Issued 10 the company Ia
nts for more than one milton and s,s Tor seeced
lands pending with uitcd states Government l
large The awaits Of the liu S's M u
be appitd rcpurchaso ultimate payment OIL ue'e
Bonds 1881 800 arc stated BY the company to hAvo been
redeemed up 10 December 81. 1879 ftom The surplus 80
available
Sinking Fund u 100000 year. commencing IN ISL
esrnIg 70 OF Ia road 8 provided as iuithei security
for The loan
It's contemplated net tie southern Pacific Hhroad Of
California win form pait OF through line To III Paso' where
meeting with other 70 l projected that point an onici TO
the Guf of MeNioo and the Atlantic seabodiu may po
IA ned Al terminus az It connects with me SCUM
en Pacific RAILROAD Of Aroma independent Dut closely
affiliated company which during The pas year was Duh' ana
operated Casa Grandc distance OIL about ISL miles, ana
being rapidly pushed 70 1ho Nci-iy ot Iuc'on "'V
o. miles further
The allotment OF She which VIII be made OF ha "7re
ton OF the issu ng houses will be made early ~ possible
MIR the subscr on s. closed limo allotment made the
dotgit vi DO returned IA fun aud mly portion OF tEc
auouu applied for De allotted the ba OF the deposit vi"
be applied toward tie payment OF tha amount duo ON aloe
ment
In aeaut OF payment Of the due on ao nen or any
subsequent instruments the aotmcnts ana al payments vi"
be subject 10 forfeiture
I-pon payment o, the deposit allotment Scrip Certificates
10 bearer will b, ISSUED which VIII De exchanged for definite
BONDS as soon as the Issue price e. paid up
The Mortgage Deed Copy Lease ami Official Statements
eau b. Inspected subscribers. AZ the one OF
spcycr Co. 81 Exchange. y ace New YORK, or hessrs
Brewster Basset & o., 81 Congrsssst.. Boston
| March 4. 1880.