New-York tribune., 1880-03-09
financial.

| FinGut,aI.
Issue of $1O,OoO,00O Six Per Cent Flrst
Mortgage Railroad and Land Gold
Bonds of the
SOUTHERN PACIFIC RAILROAD co.
OF CALIFORNIA,
for " SSS o Bd N sRe name Of the holder
Issne Apr st 1910 october ls 1878. ana October ist
on he Sna 1. IN
Messrs. SPEyER & co.,
Massrs. BREWSTER, BASSET & CO.,
BOSTON,
Mr.. LAZ. SPEYER ELLlSSEN,
FRANKFORT oY.MAIN.
aoaars. SPEYERBROTHERS,
M8ssra. TEIXElRA &c MATTOS BROS,
AMSTERDAM.
Mr.. {. MEYER, -
OFFER TIE ABOVE BONDS FOR SUBSCRIPTIONS.
Tie subscription lst viii be opened Thursday March
H. aad closet Friday, March ~.
The price o. Dsr April lst 1880 Coupon
payable o. follows:
PER CENT on application
10 PER CENT allotment.
40 PER CENT Aprii l3tr, 1880.
879 PER CENT on May ith, 1880.
Allottees ancp iossameas uudor discount at thu
rate Oi per cent per AMMAN.
These bond secured by mortgage the railroad
anI no rolling hxtucs land AM tran h,ses
c the southern Pacific Railroad OF California uuder which
S46OJ0 900 bonds be issle OF whica S2oJ2l00) (o
which above sl0OODOOO p,rO have thus lar been
of Il m
mp asfoOws From Fan S0ieiad lt3 miles,
CanadeIo Tres Pnos u miles soodad 20 roso Junction
uerdol l6O miles, Hdon to Yuma. 30 mes Los Augelei
WI mlngtoa p miles, MOhaye Junction TO Colorado
River testimatsd 27s miles OF whca IL miles
pe,ed operation. VIZ: From franc. go g soead.
li8 miles Tres pno Is miles; Huron 70
Yuma 52y miles, Lls Angeles - Wilmington, p miles.
Those miles u road dyidd into the Northern
and southern DIVISIONS.
The Norern Division rua, soledad
and Carnaaero - Tres Pinos, ina lJi miles
The southern Division extends from Huron Yuma. with
brnchrold rom los Anses' to Wilmington IN all 5Sl miles
norsectol Goshsi san joaquin anci oi the
Celtra Pacific r. 3.
e,rnlng. operating nses Tor these III
visions 4re stated by TIE Company 10 have Oecn'
For the Souin
throagh tontsI
Forthe Nor,h Pacific r. Il.
DIVISION. Co, Lessee. Total
S9 81 q sss55? S55 % % s55sqP5 s5533P5 81
or more than sufficient t. Interest the amount
Of outstanding Bonds
The Company decrease IN he earnings Of tia
Northern Division ls7g in part 20 temporary
causes which having been recently removed return to tue
lrmer scale Of elrnings - promised.
The Northern Division IS separated from tho southern
Division gap Of about 100 miles by one route i'ou ir'
and by about lD1 nj cs by anoei
route from soieaad 70 Poso Junction 1ho san Joaquin
Valley Central Pacific Ealro-d innis1e' tha
southern Division with outlet both 20 Francisco and
wardy the main line OF the Central Paehc Railroad
lf . nfeIee tir
Company akon lease Of the southern DFisou oi t9
,out Railroad Of Clorna il efioi OF not 's'
Than ny. yelrs January 1850, and D. thc ttH- ~ tis
lease ' rail- Old not completes in Eve year, iom iai
o.. 40 that there Il a connection oi Pacific
Railroad OF California with the Ed'leih system m
railroads on what known TIE sd parallel hur.
ne shall ended until such connection T. mace
ploy ed extension t0e uot exceed nf" years longer
OF ten year al" from January ls9 ty it crhs 81 t"1
the renal agreed TO be- paid GunaE Tie cotin"
auce this lease aud extension thereof shall he wo
Aurdrcd and h,ty dollars month or tire '-H dollars"
wear per mile" toeme at present on aoot 55 mics equals
about s55OOJ0 annual rental. land H. f'r amy cau'e
shall reduced by mutual consent OF the parties tha the
annual amount of reduced shall at least be
sucen 10 pay the interest that has been, or may DO
agreed to be- paid any year bonds 81 the party
OF the first part souIhern Pacific Railroad Company o Cal
iornal herein outstanding during te continuance OF 'l'
| lease"
The number OF acres Of land embraced tie United states
! land graft and covered by the Mortgage Is esuL
mated upwards or 1l.OOOOO0 acres OF which
| 10 "a stated by the Company that over 100000
acres appertan portions Of the road already CON-
peted have been Issued the Company Pat
cuts for more than million and lists for selected
lands are pending United states Government for
large amount aysils the land sales %
applied repurchase ultimate payment OF these
Bonds s33l 700 by the company TO have been
redeemed up to 81, 1879 from the surplus 50
| ayaillOle
Sinking OF 100000 year. commencing IN 1881.
from earnings the road provided as further security
| for the loan
It's contemplated that the southern Pacific Railroad OF
California will form part through line FL Pese where.
meeting with other projected that point outlet 10
Gulf Mexico to The Atlantic seaboard may be oo.
aue At at Yuma it connects with the South
ern Pacific Racoad Anzona independent but closely
affiliated company which during tho past built and
operated distance OF about 1924 niles and
Is being rapidly pushed to the vicinity Of Tucson about
8, miles iurther east.
The allotment Loan which viii be made ~ the discre
houses will bo made early as possible
after the absorption allotment is made the
deposit returned IN full and only portion Of the
applied for be allotted balance Of the deposit will
applied toward the paJ ment ofthe amount oue on oF
| ment
In default payment OF the due allotment or any
subsequent nstments the aoments and all payments Viii
| be subject forfeiture.
Tpon payment deposit allotment scrip Coriihcates
IN bcarer will b. ISSUED which will be exchanged for definite
| Bonr. as soon IS the issue price T. paid up
The Mortgage ot Lease ami Official statements
can inspected intending subscribers at the oice Of
speyer q Co.. - EXchangs New York, or Messrs.
| Brewster Bassct Il CO., 81 COnSges5st Boston
March X 1880.
election Notices.