New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-12

err DIV son.
thiodgh rental
from Central
Torthe North. Pacific r. r.
err DIVISION Co., Lessee. Total
stoo4tlot 81 ana Roo 90 s2IJj.-Ot %

Forthe North. Pacific r. r..
err DIVISION Co, Lessee. Total
ls7s sst994i % sg{e 3qq 90 90 siiSSS3 tPs 9i
ls79....-..-... %b2.1ul - 4bS'1't % l'''''i" 81
than sufficient % meet tho interest on the amount
Of outstanding Bonds
The COMPANY states that the the earnings OF the
Northern Division 1879 owing in part to temporary
causes besu recently removed return 70 the
former scale Of earnings is promised
The Northern Division Is separated from the southern
Division bv gap OF about miles by route from Tres
Pnos and by OF about 100 miles by anotho
route from soledad Peso Junction The san Joaquin
Valley Branch OF the Central Pacific Railroad furnishes the
southern Division with outlet both TO san Francisco ana
oyar over the main the Central Pacific Railroad
and in view interests the Central Pacihc haroad
COMPANY has taken Of the southern Division oil the
southern Railroad OF California Tor perod u eSS
,i m ver- from January, BY the terms OF the
Lease r railroad - not completed IN hYe years rom DlH'
,te so thai connection of the southern f"Cluo
Roilroai Of California with the Eastern system oil
railroad. on what known "a the sgd parallel me-
IN, ea slol be ex ended until such connection Il made
roded nch does exceed hVe years longer
an fen ycar IN all" from January 1881. BY the terms oi tue
as the net agreed to be paid during the conuhu
ance Of this lease extension thereof shall be Two
hundred and iv dollars month"; three thousand dollars
wear per mile" bong at present. on ABOUT 0'l ncS 'uA'
about sI65OO0O annual renta land IT, for any cause
shall be- reduced bg consent Of te parties that tue
animal amount rental reduced shall at least Dc
sufficient 10 pay all that has BEEN or may be
agreed to be- paid year on any bonds oil the party
~ the first part tsouthern Pacific Railroad Company OF Cal
Omal, herein outstanding curing 'ho eO"u"""''' Wv
lease" . $780,
The number OF land embraced In the Uned states
9and grant and covered by the Mortgage Is eSV
pated al upwards OF 100000 acres. OF which
IL Is stated by Company that over 'OOoV "
aces aupertan % portions Of the road already com
pced OF the been issued 10 the company ia"
cns for more than million acres and lists Tor eecied
land. are now pending with nitod states Government Tor
orgo mount the net olsn the land sales are To
ne oop Ia the repurchaso ultimate payment OF these
Ror s3t 900 are stated by the company TO have Deeh
redeemed up to 81. 1879 rom the surplus 50
available . 200,
from the earnings OF tue roS" Is P'o'"o" ~ =" '
for the loan
contemplated that the southern Pacific Railroad OF
California will form part OF through line TO I'll Paso where
meeting with other projected TO that point an outlet TO
tho Guf Of Mexico auG TO Atlantic soabeard may be OBJ
tanned AT It's az Yuma IL connects with the Sou
arm Pacific RAILROAD of A1zona Independent ONt eoSeS
atei company which during the year was punt ana
q, asa ;raude d. stance OF lS2 y miles, and
is since being rapidly pushed to The Vicinity oil Iuc-o aOou
O. niles further east
The allotment OF the Loan which will be made a. the dscfe
on nj the issuing houses will be made as early as loSOe
after the subscription closed limo allotment h'ue ''
dros,t will be returned in full and onga portion OF the
amount applied Tor be allotted me ba aneeo Oh 'no u' van
e apped toward the payment OF che amount due On ao
ment.
efault OF payment the due allotment or any
bseouent insaments the Rlotments and all a ments WIZ
DO subject TO forfeiture 49,
rpon payment OF deposit allotment Scrip Certificates
N bearer will b. issued viii n will be exchanged Tor definite
Rouds as soon as issue prcc Il pad up.
The Mortgage Deed Copy OF Lease and Official Statements
can b inspected by intending subscribers the office OF
speyor Il Co, 90 EKohangepIace. New YORK. OF MesTs
| prewstcr Basset s. o.. 35 Congrsss-st., Boston
| March o. 1880.