New-York tribune., 1880-03-08
For the south
efn Div SION.
through rental
from Central
For the NOrfh Pacific J.. X.
.r.. rtfrrt-.A. 10 a.a.a4


Forthe North. Pacific Z. r.
Divisioa. Co Lessee Total
ls5 'sg$5ii Sg45 g SS8S59 SS8S554 % % 1856 4
the interest on the amount
Of outstanding Bonds
The Company that the decrelse In the earnings % Tbs
Northern Division in 1879 owing u part 10 temporary
causes which having been recently removed return to mo
former scale Of earnings is promised
The Northern Division is separated itom the southern
Division by gap 700 miles by one lout; from II
puos TO uron and by slD about 100 mie by auo'her
route. from soledad Pose JUNCTION The san Joaquin
Valley Branch Of the Central Pacific Railroad FURNISHES tao
Southern Division with outlet both 20 san trNcsco adt
easwardly the main lie OF the Central Pa ne Railroad
and iu,1e OF COMMON Interests tie Pacific Railroad
Company has lease q tie Soutiein Dy-ol ~ e
Pacific Railroad Of Caorn4 or perioi .. nor s'
than years January s7J ana by ihe rms OF t"
lease IL a railroad completed IN LFe years nom mat
date so that there Is connection the Sout, Pacinc
Railroad tf California with the Eastern system "'
railroads what is known ~ tae a-d paI@Iiu iAF'
the lease shall ended unu such connect Oh = ha
proyaed such extension exceed Ave years ln5r
OF ten years all" from Jsuuay 1888 By tie terms OF tie
lease the net agreed be- paid during r." cohth
snoe aud extension teIeoi' shall be '"o
bupdred fifty dollars month three thousand doarsa
year per mile" beng present ON aOoat 00i miles, eu'
about - $50 900 annual rentaD IT, for any cause It
shall by mutual consent oi e parties that tho
annual amount rental reduced shall al least Oa
pay all the interest that has oeen or may Do
agreed paid IN year on eDy bonds OF te party
the part southern Pacific railroad Company O Cal
orna "hercn outstanding during the continuance OF th9
lease
The number OF land embraced IN the United STATES
land graft and covered by the Mortgage. IS esd.
mated at upwards OF 1l,O0OOO0 acres. Of which
It is slated by tie Company that over 1000
aeres appertan TO portions Of the road already
peted OF been issued The company Pat
cots for more than million and Lists ior ectei
lands are pending with the ned states CO. ernmeni Tor
large amount The ayas OF the Aud sales are u
be aupd to the repurchas, ultimate payment Of thees
IN flvn
up TO December 81 1879 from the surplus 80
available.
sinking Fund OF 100000 a year. commencing in lss2.
from the earnings provided further security
FOR loan
rts contemplated that the Southern Pacific Railroad Of
California VIII OF through line TO III Paso' whefe
meeting projected TO that point an outlet u
lie Gulf ~ Mexico auG Atlantic seaboard be oO
tanei At terminus at Yuma Il connects with tho SOUTH
erp Pacific Railroad Of mcep pendent but closely
affiliated company which during the past year was built ami
ope ated distance OF about 1871 nios snd
rapidly pushed 10 the FcIlly oi lucS" aO"u'
O. miles iurther east.
The It o. the Loan which will be made al the discre
on OF the ng houses will be made early as Iossibo
after the ptOn Is closed II no allotment - made
depost " N be returned full. and only portion Of 90
amount applied ;or the OF the deposit Will
be aoped payment Of the amount due on aot
mtnt.
In aefaut OF payment due allotment or any
subsequent instruments the aotmeDts anu aPVmehts VII
be subject TO forfeiture.
Upon payment deposit allotment scrip Certificates
10 bearer will issued which viii be exchanged for definite
Bonds as soon a. the issue urice i pad up.
The Mortgage Deed COP, 0, Lease AMI Ohcia statements
can b. inspected by subscribers at the oce OF
speyer & Co.. 90 Exchange place. New YORK, OF Mesrs
Brewster Basset & Co, 80 Congress St. Boston.
March : 1850.
SHELDON & WADSWORTn
BANKERS. 10 WALi~SI.
In addition "A gcnera Banking business. Dny and 's
Exchange. advancing on same.
Desirable First Mortgage Railway bOnds lot SAFE. uo,
Nm a. SHELDON WM. b. WADSWoRTH