, 1881-01-05
TitUSTEE
THE CENTRAL. TRUST COMPANY or new YORK

Tho londs nso secured ty first mnFtRaeo IN mo en-
1so raruna equipment franchises. md other rF1p'
esty pt tho Company Rcqulrca anu ~ 20 aeause", ~.
r,Iuu tho lind grant, with tic cxcUptiAn OF tho ntun
cn.t uf Tin Sf.snur yor. rnbicrs hhly tn the llc OF
tha Pend dtlrctlle md Missouri rsfst''al Honds. 10
retire which nm cgual nmonnt of these o"nds asu 10
rcrnnln In tho hAnls OF tho trustee. 1
ah bonds nyr receivable in payment ut iands At 'lo
and nictr.t Tho proceeds Ut nj, the suites " lhna
ortenzcd ntct payaen. ~. nen'es. ,so 'nHs n ,c
low III unu Inctcst II nbhve t''at price, mo oon"s
Mill be drawn ~ lot fnr payment at Ivy nno lneles
Tho bonds }urchntct turethur Will! my receiver
in unrmout fur iunds, will bp he1d for Anki11 1a1'a
ruspnac*. -, .,,. =. .u..,,,,,,,r.
md sufficient at s nln!muM 10 Els on ehs hiuaplea"
The l,.nd Drnnt Of tho Company Is very 1nrac and
vnabe being ut tho rntG " ta8(1 ncteA rte nslo ~
,Mc sta,ss and 2hpp In tile Territories. The nnd oast
NJ tha Missouri ltlser Ia subject to tho right ~ tho
Preferred Stockholders 10 cxchanEn the'f htoeAh1
pnr for purchase Of these hndts but IN Tue event u
lcfnu in the paynent Of the interest OH these bonds
tho security Of thcso lAnds would rovo to t1s eon1
=, holders No.
tend from takp Superior points on tho hnvira
tln uators Of tho tho Inc!o ocenn-i. o. taeet
vo.lnd ". IT, md coun'bn River NJ Ur hear M & nos.-
fnud OREGON. It will be nbout 1+ ml!cs In lctKt'.
Tho brnncheB md connections no" bMhea VI I.het
lease nro arN miles In lonsth making totn' hao
about oEN miles. ...,.. -,
mies Mainr Metion and oxpcc"d To eo eun'- 20
II p,ssIM sap,sS apSH se sysio tSra republics 10 m
f ft1sSa ts ss Ssos mais: 81 Sfaasi nps i III
islind ihkinE nt tic present ne tutnl nn'Fheu m,
jInp T,. W
With tno proceeds of present loan the lon!a OF
Directors hare uirendy taken steps 10 cxtenu tne
building Of the limo In tho oat rni'!d manner COM
palibe with proper economy; and II iati'o 'htent.
y. Company IN hnse thr0tsa lln0 AZ tno eatest
pu,cttcncle porod. In addition 70 tic ~ mlles huove
mentioned and under consisucton. vfEorone MeMs.
nres vii. 10 tnkcn for further prosecution OF tho
work. THO necessary rails nxtuses anu ea.'p."t .t
ror more thnn ap miles havo been neeaas co''Fae'oe
Tor u, - 49,, t,,,,,,,v sor tim ve A. en,l.
a not easnn7s q ~ EoR@nS m R Su1a! a1u Sa
H c.9 arS 70 i'', Gs 70
oi1 III mllos nj completed rnM1. . 81
ihe Etoks nnTn,;e ~ tEs iss, ii,.P%mkkcr ~.
.,nsH L ~, .n,c ~ .'ue' ~ 49, ,,, 1fsls!nt 10
!. For lbs sntnc period Of E0. asla u
gowInr increase for 1sO period.....s Sa lo "
on nbout tho BAtuo in!IonEc' tho present aoa'to'a
new line having boon only recently really for uss.
J. Yhould tl.ero ne at uny t!mn deficiency OF not
easninga for tho payment Of the ntereat on shaso
bonds lilo proceeds ot snlss Of lunas Of tho Company
n1e t applicable ,or nna' a raIn onds Of Mnne
Z ,otn md pasosa which havo bocn dc,nons.raso 10
bc ~ good as any n to wosa In"sn 2. Mo'tssa n".
! aro b6tnR rapidly settea i1F Rsaa* pa'p's'' 1'''
p mhs o S means 1 rogars during tho
ISL, md no furhos amount Of bonda will be ooFcd
i: until issa a., ~,
According to tho nsmAto Or tnn Company: ~ .1 ', Va
gsnurs o, about ~ I'M W., ana .o noset ,t ssas
viii stcadIly diminish by rca.on Of land taloss and
the ssoa sopsnan % Or .ds ] Cd ' Dor Under ii,
@ seaa sa '
the uroccods Of these bonds nro pud direct to tn
t'' Compnny which makes Its own contracts, thcro be
i, 1uR no construction company.
=.
!. Tn r,rt,,c Of our coutruct of purchase witt
!: thn Eo,thcrn 1,nclfsc Railroad Company, Ant
.cr,uftor. viii bo received on nnA nfter ~ on
Z Inr H., nj or january, 1851, by either q
thc undcrajrpel for t1lr nlbuvs tsa.ltas. at
= 1nE NEIs Accrued INTER- EST,
(: ,s r nv g,cr,rn rrhrunrv 1. 1881, a
{ .sh,.t1,n ~ The ,,urchn.er,'
:'=s',;::ss; " Nv; !: ;;;;s w = made =, arss"s.
OK ~ 'o o,o o'u conc",ninu u the una Gran ets
ia" DO '''"ei nHsxE Il fss Etc. M6SAS 6iSs; Co.
4. M1NSLVe% AANtEN q ou'
i AUGUST BELMONT q COs
+, subscriptions viii also ho received ~ u
! '"epf IrsYg, / CO..
J. pII1I.ADELrMKAt
:. JOHNSON, DEO1lEEs { TO-.
tcp n,rnrenv = IN