New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-16
Railroad INTERESTS.
THE MEXICAN CENTRAL RAILROAD.

THE MEXICAN CENTRAL RAILROAD.
JAY GOULD AND GENERAL GRANT INTERESTED
BOSTON CAPITAL OFFERED NEUTRALITY-SUSPICIOUS.
TONS OF HARMONY.
Boston, Jan. 15.-The financial news IN Bos-
ton centres in the allotment OF the public subscription TO
the Mexican Central Railroad securities The amount Of
fered the public was 1871 1000; the subscription made
WAS double that amount. In accordance with the ne
goatons recently entered into with partee controlling
connecting roads between Mexico and the Mississippi,
Jay Gould receives 66C blocks" Of 81 500 eacha total
subscription OF $2,997,000. General U. 8. Grant re-
ceiYos 10 blocks" and the other subscribers receive
the remainder These subscriptions now at IL per
cent premium, and the old subscriptions are Is per
cent bid.
This subscription of 5,715,O00 was offered
through circular issued December 90 to the original
subscribers. who given the privilege of subscribing
block for each subscribed under previous cir
GUAR The terms Of the proposals were as follows:
"FOr $4500 in cash, payable called but not moro
IMAM ten per cent In G9y one month, the company VIII
stock it's par valve 800 per share S. 900 its
first mortgage bonds, and 81 900 IN it's income bonds
rnuItples thereof AMI be received at this office
or before January 10. 1881. ANY amount remaining
mittee"
The total amount offered, $1143oO 900, will be con-
slderen applicable to all the lines owned which
may hereafter be accepted by the company. The
pany securities are as follows: Bonds. not exceeding
annual interest at the rate of per cent per annum,
and secured by first mortgage upon all the property
and franchises OF the company, income bonds not
ceeding $4,000 mile controvertibe into stock at the
option OF th9 holder, bearing interest noncumulaye.
AT the rate OF cent per annum but not exceeding
the net earnings efer paying expenses and interest III
the preceding financial year, and stock at par not ex-
ceeddg $4,000 mile.
IL was stated last evening that Mr. WOerishor acting
for General Palmer, Of the Mexican National Railroad.
had applied for subscription In Mexican Rail-
way " 100000 The total amount Of the subscriptions
30 far received S16s2750 This it said would
construct than 600 miles Of the companys road
without depending at a upon the liberal subsidy
to which the company entitled The subsidy which is
Sl52e9 mile. 1t was expected would be used In build
ing the other 1000 miles Of the road. II the subsidy
was paid rapidly enough there would be need Of fur
Their subscriptions OF stock.
The Mexican Central Railroad Company holds grant
from the Mexican Republic authorizing it construct
railroad from the National capital 10 the American
frontier, where 1t will connect with the Southern Pacific
Railroad The company was organized with the aid Of
the Atchison, Topeka and Santa Fe Railroad Company
Last November steps taken by General Grant, Jay
Gould and administer Romero TO harmonize
the interests Of the companies interested in Mexican
trunk railroads. These negotiations, which met with
some obstacles, believed 70 have led 10 an aincabe
arrangement. Indicated By the transfers noted in the
above Boston dispatch