New-York tribune., 1880-03-10
ENr inc SOUTH
e.u liy.-Uu.
through rental
from Genital
For Tho Nor.h ptJic h.. H.
rru DIVISION O.. Lc"'c.
$40 .ttOi sII-8.3bO u1 .

For mo Nor.h rt,iic l.. Is.
cru DIVISION Co.. Lessee. Total
ls7s s.........slso - oj s!o-95eQ 30 1905 o'
than sufficient 90 Le Interest the amo ant
Of outstanding Bonds
Tho Company state. that decrease 90 - the
Northern Division Boo 1879 wi owing ia pare o temporary
,au.os which having ne.u recently removed return 4" the
iorn,rs scale oi earnings is promised
The Northern Division IS separated from the southern
Division by gap Of about 100 me' hy one rout from Tres
ruos to Huion hy of about 100 miles by another
I1utc frOn -Dicdad PosJ Junction The san Joaquin
Valley Bfauc of te Central Pacific Railroad furnishes tho
southern Division with outlet both TO ~au Francisco ad
ea-twardy over the main of te Central Pacific Railroad
and in of common interests t1c central Pachc Railroad
Company lcn-o u the southern Division of the
southern Railroad california o erio1 OF not '-'
shan years from January se0 and oy the terms ot the
lease ra Od is not completed live Yeas fIou mat
dat, 30 tina. ihore Ia connection Of the southern P"cnc
EutoaI oi California with the LAlcru s'@irm oi
railroads what Is known The s2d parallel I""
thr lease shall De eVcudri until such CONNECTION 10 made
provided does exceed Ave years longer
ten al from Jauary. lsS By the terms 81 Ne
lease hc rental dgc.d To Doc pWd during the cohuhn
o hl- lease and extension thereof shall be two
hrfr and lfty dollars month. ture thousand d"aiSh
mile" lbcuc present. ao",t oj mios equals
about sLGoOOOU annual tcnan and H. i"r any '"'e' "
shall bc reduced by mutual consent "t tue pai'' h ms
annual rental reduced shall At Ie'sl Dc
sufficient pay an the interest that has been or may DC
agreed he pad In ans year bonds OF the party
OF the hst part l-ontcrn Pacno Railroad company o CAT
ornaJ herein outsandug during tho continuance of tho
lease"
Tie num'c of land cmnaciin the United states
Land graf aud covered by the Mortgage. Is est
mated 80 upwards of lLo0oooO acIos' ol "nlon
1t - stated Oy the company that over "u.oV
u'rca aGcrts1 portions ~ tho road a'Ic''9 'o'"
p,ed or these there been issued 10 ihH company '
eos "r moro than million acres amt hS'S n' o''''
lands ale now pending with the nt"i 7t'e' "
large amount. The net casu Che land sales are "
De Ipd 90 the rcpurcha.. ultimate payment "i u''o
Bonds s33I 900 are stated by company to have D'en
redeemed up 81. 1919. from tho surplus 80
available
Sinking Fund of 100000 year, commencing 'u IS9-'
from the earning, oi tne road Poydei 1 iM'he' security
Tor tho loan
Itls contemplated that the Southern F"'no N'''' VI
California W form pari of through line 10 III faso' "heie'
eug with other rols protected that pont an outlet To
the Cult e szico aaa TO ho atlantic cibaid may De %
terminus 90 connects VII" 'ie 9'"'h
Pacific lttlcoai i4ona 80 m el'n"e"' O". c"'
affiliated corn. amy, which curing b" ri'' year "'4 ''' ~
operated 90 Ga Grandc. distance oi about h-4 7' WI"
Is since being rapidly pushed tho yiy of Tucson about
g. milcs iuriher east
The allotment OF the Loan which VIII be made o. The dcre
ton of the Issuing houses will be made early as possible
after tie subscription co.cd n no allotment s made the
le,st rll be- urnrd ~ Il aad oay porion oi the
amount applied for b thc balance OF the deposit VIII
Dc applied toward pa ment Of tho amount due on aot
ment.
In default of payment th due on allotment or any
p1seonrn the ana all payments VIII
subject 10 forfeiture.
Upon pavment OF te deposit allotment scrip Certificates
10 bearor will b. issued viii be exchanged fog definite
Bonds as soon tne issue pricc l. paid up
The Mortgage Decd Copy Lease ami Omeia statements
can be- inspected by intending suosonbers at the o'o OF
sueycr q co. % E1chlngsp aes, New YORK. OF McsiF''
Brewster. Ba,set & Co.. 81 Conrsss-sk' Boston
ns-L 1AAa