New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-30
TRUSfEL,
The Central Trust Company Of New-YOrk.

The oonis ar sec-ed by nrst mortgage on the entire
railroad cqu pmen, fraucnes anl other property OF the
Company acquired DO acquired. hcuding the land
grant with the exception Of lands AZ the Missouri
River the lien Of the Pend doreile aud Mis-
Divisional Bonis retire which equal amount Of
these bonds remain the hands u the trustees
The receivable payment OF lands at ITO and in
toest The proce d. Of all OF land mOrgaged after
payment the bonds must he applied TO the
purchase Of the bonds below no and interest II above
price, JoGd viii be drawn by lot for payment at IlO
and interest
The bonds purchased together with received in pay
meat FOR iand will he neid for sinking fund purpose
The sinxIng in 1885, Is aecumuatiye and snh
ccnt az minimum pay Of his indebtedness at ma'nry
Tie Land Grant Company very large anc yauable,
being Of 12S0O mic IN the states and
$500 in the Teri The land east OF the Missouri
River subject the ,h Of the Preferred Stocsho eT 70
exc auge their par for purchase OF those lands but
In def ult the payment Of The Interest on
these bonds the security these lands would revert 10 The
toniholders.
The main ue Of railroad completed will extend from
superior points the nayigabe waters 81 inc
pacific Ocean g. Pu yst sound W. t. ana Columbia River
al or rear Portland OREGON. It will be about 240O miles
IN length The branches and connectOs now owned or
under are z05 miles in lens making total line about
$500 miles.
of the main Iino there age now finished and RAINING 100
miles under construction and expected to Boz completed
about July. loNI-----.- -'-'''''---..-'-. -,
To compete the system there rollrs to los c'ns'iuc"
about
~ me- o03-,oiles Of branch liue. 1872 are finished
making A. The present. itn total finish line of. 90i
,t rIe , Of ha present ths Boad Of Directors
have already taken steps t0 ex tn go building OK inc i VI
4 most 1auf AtDc SD proper &C Monty ana
II ia tine intention OF the Company to hayo through line 10
tno 1est prlcuclbc period IN addition 70 che ZOO miles
oneI aui Under construct vigorous measures
VIII Doe taken tr further prosecution OF tAe |0k lhe
necessary rolls fixture and cqu Imelt for more Than 800
mile, lay. cen already con actcl f>r.
h- net Gaming she company for me wear ended June
80 ESQ., o. stated Tn annual report were.. 41Oa0o3 10
on - miles or c,mp,-,oi road
Ih.pr .ss earuuesof the Company iiomdtyl !,
Is,1 10 December 81. 1850 December e-t-
ma. en- re............ lt't''Zf ~
Fos tle same period Of '9-----.---. 4'-'''''"o 81
showing increase for 1880 period s3leGlo rs
or it the same mileage. t1e p~esnn. additional new line
having been 0 i'y recently ready f'r lse
sl,IIt .lsrt De tl- une ddI''cy OF na- earnings
IN, the payment of e interest bo1ds the Proceeds
o. lands n lc company ae hrt Applicant ioI That
purpose
The road through the grain lands Of Minnesota and
Da ota which been demonstrated t. be as good as any
m the world. Those Of Montana bong rapidly settled
for graziur purposes Montana has also large mineral
wealth.
qhe proceeds Of the bonds offered viii furnish mo
puy al the means required during he 1881, and no
further amount Of bonds 50 z be offered uuul 1852.
According estimate OF The company the eAp7ldi-
tire ~ alou $50 O1OoO VIII complete the line.
The Divisional bonds tgjiOJDoVa tie present 'ssuo viii
st,lly diminish by Of land sacs and on the CON-
ten of the ne dxeu charges Will not exceed S2SoOO10
poI Cuder the formor Organization Of
the Com aly 5000 900 IF bonds nad been sue
which bonds have converted TN present Preferred
stock
Tao proc els OF these bonds are paid direct rh Com.
pluv which makes i,s own contracts being
struct.On company.
In virtue OF our contract Of purchase with the
Northern Pac Sc Railroad Comp1ny sg5>c rpto1s will
be rrreiyci and after the 9Th Of january, 1851,
by either Of the undersigned for the above bonla NJ
1902 AID ACCRUED INTEREST,
payahie on or before FEBRUARY T. 1-Si nj the option
OF tac purchaser.
Pendina rhc preparation of The bond. by fhe Com.
pnay negotiable receipts viii be give c,cannaeable
for ihe bonds ~ hen ready.
4 simultaneous issue viii be made oy ME5sRs J. s
MORGAN d Co. in London.
Copies OF the bond a0d further Information
IN dea concerning The Laut dr ETC. 20 obtained AT
our Offices u pllnp hlet