The Portland daily press., 1883-02-10
THE CANADA PACIFIC.
The Probabilities of Portland as Termi-
nal Point.
A special to yesterdays Boston Advertiser

special to yesterdays Boston Advertiser
says:
The new issue OF stock Of the Canadian Paci-
tic Railway, of which 1 wrote you some two
weeks ago, is being rapidly taken by parties in
this city and New York, as well as in London
and Amsterdam, and of the$10 100000 for
which J. s. Kennedy & Co. invited tenders,
SS,7OO,Ooo have already been taken. About
5o,0OO shares go to Amsterdam, and about 10,-
600 to London. This, OF course, is additional
toN'Se S35 100000 OF SO negotiated by the pre-
sidentfs Europe. simultaneously with this
issue comes the publication Of an 'official
memorandum" which, though signed "George
stephen, president" and entitled IN the
weight which belongs to an "official uttesance,,
from the head of so great corporation, has
,Isen nSss prepared by General Manager w. O. Van
l,cont> and embodies in part the results Of his
RoS,- qr NE along the entire line as far as the
AsO0xV mo~>ta;,s :. ~ -. 90 'uo
the.iDtcrmatiosssirsl.s. contains, in addition to
gress of the work y, date sssS -. Tpecfations
for the future, mapofSssa route and its con-
nections with the various ssesuship lines from
Boston, New York, Philadel7hia and Portland
to European ports; recapitulatioL Of the dis
tances completed, building OF to be built by
the government and the company; d.scrip-
tion of the country traversed; and statement
of the earnings Of the past year on the COM
pleted sections, which aggregated So. .484 ,7608s
for the entire year. II is estimated that the
| gross earnings per mile for the year, Cd the
basis of the average number of miles actually
| operated, will be for the eastern division 5000
rnila and for IA wa iuic Gqff0
| per mile. The rolling stock oil the company,
| all new and Of the best description, comprises
| lag locomotives, 81 passenger, 27 baggage, ex-
press and mai, . sleeping and parlor, 6 special
| 1OO3 freight, 3449 platform and 50 other cars.
| The company has extensive shops at Montreal,
| PERTH Winnipeg and Carleton Place for the
| manufacture and repair of rolling stock. In
| connection with the railway. the company 10
| building first class telegraph line, for indie
| pendent communication across the continent,
| which will bo opened TO public use as well as
| that of the company. A resume OF the finan-
| cial position of the company, With reference to
the government subsidy and land grant, shows
| that after providing fully for the construction
| and equipment of the railway aud telegraph
| lines, the company will hold in the treasury
| $4,000, 900 of unissued stock, and will have
| about II ,Cc0, coo acres of lands
| The whole property of the company will be
represented, wber completed, by $4,000 600 OF
| capital stock, and will be unincumbered ext ept
| for about So 100000 on the purchased lines.
The company is authorized, and will continue
| to pay interest, semi-annually, on paid-up
| shares during construction, at the rate of not
| less than five per cent per annum; and the
| proceeds of the uncold land, about II 900 000
| acres, will be available and specially reserved
! if necessary. to supplement- the net earnings in
accomplishing this purpose. For the present
l of course, the energies of the company will be
devoted TO the completion of its transcontinen.
tai line, but as its mileage is extended west
ward and the unfinished links between this
| city and Winnepeg are welded, the importance
of the Canadian Pacific system to Boston and
the New England States by means of its East
| ern connections, will increase. Thus far nc
definite arrangements for o direct line to Bos
ton and Portland have been made, but when
the closeness of the relations between the Ca
madam Pacific aud the Southeastern systems j.
considered, glance at the map will point out
| the possibility of a line to Boston independent
| of existing relations with other lines and free
from entangiing alliances with portions of rival
systems. Though it is too early yet o "speak
| BY the card" such line might very possibly
embrace the Southeastern, Passumpsic, Port
land & Ogdensburg and Eastern Railroads
which would give reasonably direct routes
both to Boston and Portland, with excellen
terminal facilities and the best opportunitie:
Grand Tt unk and Wesn Shore.
Mr.. William Abbott, the gentleman who en-
gineered the amalgamation of the Gran,
Trunk & Great Western roads, has issued
map showing the connection of the Gran,
Trunk and New York, Ontaria & WesterI
with New York. The map also indicates tha
the Grand Trunk and West Shore & Buffal
will run closely together, and there is belle
among some persons that the Grand Trunk i
to have control of the West Shore As an off
set to this, the Buffalo Commercial Advertise
says, it can be stated that President Sloan, O
the Lackawanna, has lust been in Montrea
making arrangements with the Grand Trunl
so that the two roads will be operated yer,
closely together, forming line from Chicag,
to New York via Buffalo.