New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-18
.sl.72l8O7.
4GS, 32l acres for. ......
And that the sales during July and August last were:
lob 2o6 acres for .. $4,000

And that the sales during July and August last were
1913 2o6 acres or.-.............. $4,000.
The land east Missouri River subject the right
Of the holders Of the preferred purchase the
the compauys pnco with their shares par being
provided however the mortglg conformity with the
plan reorganization that the socuy of this Land Teverts
TO the bondhodeIs default Of the pro
visions Of these This hon Of the preferred stock
the said land does however any to the
responding railroad which these bonds have all abso
lutte nrst mortgage.
The Main Line and Branch authorized by Government
cha ter whole Of which IS subject 10 this mortgage
comprises about ioG miles being the line from the eastern
Lake superior to the objective points on tho
Paclhc ocean.
The company states that including 100 miles owned and
controlled not embraced the above line it has completed
and now rates line Of l5i0t miles OF which
there the Eastern Division 929 miles and In the West
ern Division miles and that unfinished gap between
these divisions entirely in the Territory OF Montana does
not exceed Of which 200 miles graded
ready for the rate Of construction the
grading Of gap viii be completed before the close Of this
year and much OF the track then finished as viii leave
about $50 miles only De laid all Of which II is expected Will
Dee completed the of 1883 and thus the con
Of this from Lake superior To tie Pacific
ocean.
This Main Line AMI Branch being constructed without
the uteyen 81 construction company and the proceeds
Of these bonds paid directly the railroad company
Under an agreement with the oregon and Transcontnenal
Company branch lines being constructed which are and
Will become valuable feeders the NJ IN Line. largely
msnting IT. business well protecting It, territory
these branches although owned by dependent com
tauies viii De- operated by Northern Pacific Railroad
company under contracts, by which il Will eventually
become OF their entire mileage and property free Of
all cncumDIauce
ofabout 1870 miles Of such branches the gradual
structou which is contemplated as required during tho
next few years about 81 miles approaching com
pleuon
It Is shown in the comranys that the fixed charges
for annual the S2i2joOO Of bonds oustan ing
July 1852 liS3jOo per annum The net earn
ing. fou the operation the road during the year ending
July ss2 amounted 10 s272j77. The nlugs duiing
the twelve months ending 30 1850 compared with the
same ueods Of the previous year. show Increase
OF over II 3 per cent while the increase Ot mileage
for the same months exceeded ~ per cent 1t Is
estimated that cross for the year ending
July l. lsS3 viii not De less than S-OO0,OOO.
subscriptions to the above bonds
atlO2 - aud accrued interest,
payable on or before October ss2 option Of the pur
chaser, Will be- received On
Thursday September ~, 1852
by either tho OF whom copies Of the bond and
mortgage map OF road further Information IN 10 tai can
be obtained
DREXEL. MORGAN n co,
Corner " all and BrOad-sts.
WINSLOW LANIER n 90,
Corner Cedar aud Nnssau-sts
AUGUST BELMONT ~ co.
81 Nnssau-sL
Subscriptions will also be received at the ofieesot
DREXEL Il co. Philadelphia
LEE HUTCHINSON & 90,
BREWSTER, BAssET ~ co, pos'O"
JOHNSTON BROTHERS n 90.
Baltimore.