New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-19
And that tho sales during July and August last we're
1913, 2o6 acres for .................. si76O6O.


1913 2o6 acres for .................. Sii6O6O.
The land eas Of the Missouri River is subject
Of the preferred stock 10 purchase the same at
oOmpanys cash price with their shares at par 10 being
provided how YER IN the mortgage conformity with the
plan OF reorganization that tho security this laid everts
70 the bondhodes Of deu in II the pro
visions Of these bonds the preferred stock
the land however in wise t. the cor
responding upon which these bonds have an abso
Lutte mortgage
The Main Branch authorized by Government
charter and the whole which subject to this mortgage
comprises 400 miles being The line from the eastern
terminus Superior to the objective polts on the
Pacific Ocean.
The company that including 100 miles owned and
controlled IN the above line it has completed
operates total main ine Of l5i9 miles OF which
the Eastern Division 929 miles and In the Vest
Division 1907 miles and that tue unfinished zap between
entirely IN the Territory Of MOI tana docs
not of whcn about POO miles are now graded
ready for At the present rate Of CONSTRUCTION the
grading Will be completed before the oso Of mis-
year OF The track then finished A. VIII leave
about 2jO miles only laid all Of which II is ected VIII
be etcd in the Of 1883 and thus the con
unuous Inc OF company Lake superior tie Pachc
ocean.
This Main Line ant Branch are being constructed without
the intervention Of company and tho proceeds
" these bonds pail directly to the railroad CONF any
Under an agreement with the oregon AMI raD-connenia
Company being constructed which are ana
vi valuable feeders to the in Line largely aug
20 its business, Wen as protecting ii7 t't'ig
these branches although owned by indie PENDENT com
anies viii operated by the Nohe Pacific Railroad
Company traffic contracts by which it viii eventually
become their entire mele and property ee OK
ali enc Imb. ance
Ofllout 1870 miles Of such branches. the udlua con
sructIon Of which contempst required dirn; the
next few years about BIZ miles approaching com
pleuou
It shown in the companys reports the fixed charges
fo annual the 8-4a25oo) Of bonds outstanding
Juy l5,2 amount 10 l4o3JO) per The net
ns fou the Grafton road during the year ending
jay l. 1885,. amounted 10 s2.l7-.jii. The earnings dunE
Tie twelve months ondng 30 1892 compared with
same periods previous year show increase
OF over II per while increase Of mileage
for months has exceeded - per cent II il
estimated that the cross traffic for the year ending
July /. 1883. VIII not De- less than ts,OOOOOO
Subscip lions 70 the above bonds
AT IO2 LIZ and accrued interest
payable on or the option Of tho pur
chaser. will be received On
Thursday. september IL 1882,
bv either OF the undersigned Of whom copies bond
mortga e. map OF roa aid further Information in lie tail
De- obi lined
DREXEL. MORGAN & co,
Corner wall and Broad-sts.
WINsLOW, LANIgR Il co,
Corner Cedar aud Nassau-sts
AUGUST BELMONT Il GO"
III Nassau-st.
subscriptions will also be received at the onlceso
DREXEL & 90, Philadelphia
LEE HIGGIN>ON d co,
BREW .TER. BA->ET & co, Bos'On.
JOHNSTON BROTHERS & co,
Baltimore.