New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-02

other materials which may require for the construction OF
the lire. without charge.
All materials required for tho orr g,nal ~ e
railway or OF ats bridges telegraphs Including ls fish
plates nuts bolts telegraph wines &C. &C. are admitted free
OF duty
THE LAND GRANT IS EXEMPT FROM TAXATION
FOR TWENTY YEARS.
THE RAILWAY ITS EQUIPMENT AND CAPITAL
STOCK ARE EXEMPT FROM TAXATION
BY THEDoMINIoN GOVERN.
MENr FOREVER.
The company unrestricted right construct branch
lines OF railway.
The Dominion Government renounces forever all right
reduce the tolls charged upon This railway below point
which will afford profit Of 10 per cent upon the
capital invested
The Government has constructed constructing 713
miles railway for the the company. which
turned 1t free Of all cost The Government also
by samens sections Of twenty miles OF the road
are completed
A SUBSIDY OF s25,OOOOOO IN CASH,
and grants
FURTHER SUBSIDY OF 25OO0OO0 ACRES OF GOV
EMINENT LAND.
west Of Lake Superior ALL GUARANTEED FIT FOR SETTLE
MEST
The capital stock of the Company sOOOOOOOOi but
expected that the entire railway when comp eed, will be
represented by s9l01OCOO OF capital stock leaving
S10O0O,0OO unissuedi In the treasury.
Such arrangements have made the construction Of
the remaining portion of the road that there be rea
for traffic from the proceeds Of the capital stock Government
subsidies and other cash assets without mourning mort
gage debt whatever.
Bonds to the amount OF s25OOOOOO have issued
cured by mortgage the land only aud constituting
lien whatever upon the railway general franchises of
the company These bonds receivable in payment for
lands sold by the company. s5OeOOOO OF them and will
be for after the completion Of the main line held by
the Dominion security for the performance OF
the of 6,462oOO have already
sufficient provide the redemption Of all the bonds
by the Government with tho rcepon Of less
600 the sale of about 100000 additional acres
much lower viii be than sufficient to ex
tinguish this small balance Of unsold bonds
Thus the railway IA completed and equipped there
will remain nearly 100000 Of excellent land free
a membranes and subject 10 sale for the benefit oil
the soc and the company will also hold $0OO0OOO
Of its unssued capital sock for in any further i'm
proyements extensions
Tho Railway and branches, when fully completed and
equipped VIII be represented bya
CAPITAL STOCK OF ABOUT $4,000 PER MILE.
The capital and mortgage debt of all other tanscon
ncnta lines from $4,000 TO 100000 per mile
THERE Is NO INCr M8RANCE or ANY KIND UPON
TIRE RAILWAY
except Of about sjOOOoO only All miles OF the eH
IRENE Eastern section being tho portions acquired by pur
chase whole Of the railway viii be represented
by than s29O 900 mile including stock and debt
2sG5 MILES OF THE ROAD WILL BE ENTIRELY
FREE FROM MORTGAGE
The company under authority OF charter has regularly
paid interest upon padup capital MOCK and Will continue
u 10 Of per cent annum' semiannuay 80
long AZ the line in process Of construction Incase
tine net earnings railway should not suffice for the pay
mont ~ this interest proceeds OF nearly 100000 acres
OF the Grant which Will remain after providing for all
the Land Grant Bonds available Tor that purpose.
TERMS OF SUBSCRIPTION
ONE HUNDRED THOUSAND SHARES OF the capital
stool Of Canadian Pacific RAILWAY Company amounting
IN an to the par value Of slOOOOOOO offered ior
sale
AT not LESS THAN SIXTY DOLLARS PER SHARE,
PAYABLE IN hree equal nalneut5 the first on February
I'D 1888 the March TO- 1888. ana the third on
Apr TO- 1897 with interest each Of the latter install
ments at Is per cent February 10. The whole amount
may be paid February 10. If preferred without In
teIest.
written proposals may De addressed 10 either OF the I'M
drsrned within the specified for part Of
such capital stock amounts not ess however than 100
shares The the hight to reject any or
all proposals in WHO'D part NO Bill OF less than 500
uer share will be considered.
COPIES Of the and act Of The Dominion Parliament
can be inspected copies Of the Presidents Official state
ment OF the condition affairs Of the with maps
Of the Hallway be obtained with further information In
detail at the orcos OF either OF The undersigned.
New.Yo rk. Jan. % 1855