New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-06
PRIVILEGES.

cuiuNdlOu.
PRIVILEGES
Tho charter OF the Canadian Paciac Railway Company
crs upon highly important ami valuable privileges
among which the foil wing may be mentioned
Most OF tho line through Government lands through
which the company has night OF for both Its main line and
branches free OF charge The any has also the right to
adjacent nment Lands al the timber and
other materials which may require for the construction OF
the iine without charge.
required for the original construction OF the
Of bridges and telcgrlpns including rails fish
plates bolts telegraph wires &C. &C. are adnittedree
Of duty
THE LAND GRANT Is EXEMPT FROM TAXATION
FOR TWENTY YEARS
THE RAILWAY ITS EQUIPMENT AND CAPITAL
STOCK ARE EXEMPT FROM TAXATION
BY THE DOMINIoN GOVERN.
MBNT FOREVER.
The company has unrestricted night construct branch
lines railway
The Dominion Government rcnounces all right
reduce The ohsreed upon his railway below point
will aGo profit Of 10 cent annum upon the
capita in .estod
Tho Government has constructed 4 constructing 7l3
miles railway the OF the company which Is TO be
TUNED over to OF all Tho 90 .ernmeut also pays
by nsa ents rs Of twenty miles Of the road
arc completed,
SUBSIDY OF s25.OOOOOO IN CASH,
FURTHER SUBSIDY OF 25OoooOO ACRES OF GOV.
EMINENT LAND
west OF Lake superior ALL GUARANTEED FIT FOR SETTLE
MEM
FINANCES.
The capital stock Comp my 100000 oOo but 1t "a
expected the entire railway wen comp eted will be
represented by 80 t0l0COJ Of cIpts stock, leaving
slO.OOO.0)0 uni-suedn the treasury
Such have been made for the construction OF
the remaining portion of the road that there can be no rea
doubt Of It's being and thoroughly equipped
for proceeds OF the capital stock Government
subsidies other assets without neurrng any mor
gage debt VIII fever.
Bonds 10 tho amount Of so5 100000 have issued
cured BY mortgage the land grant only aud constituting
no upon the rawY or general franchises OF
the company These bonds receivable in payment for
lands tho company s5OcOOOO OF them are and will
be for pleon of the main ike held by
Dominion security for the pero mance OF
the contract the saes of 6i52OO0 acres have already
been provide the REDEEM piOu OF a tho bonds
not reserved by Government with the exception OF less
than 900 about 1900 900 additional
even lower rates wi be more than sufficient TO ex
tinguish this small oa ance Of unsold bonds.
Thus after the Ialway completed and equipped there
will remain nearly 100000 of excellent land free
from AL and subject TO sale for the benefit OF
the and the company will also hold slOOOOOOO
Of s unssued capital sock for use In any further I'M
provements or extensions
The railway aud branches. when fully completed and
equipped Will be represented bya
CAPITAL STOCK OF ABOUT $4,000 PER MILE
The CAPITAL and mortgage debt Of all other trInscon
nenta lines amount TO from $4,000 10 100000 por mile
THERE IS NO INCt MBRANCE OF ANY KIND UPON
THE RAILWAY.
except liens Of about s5OO0OO only AL miles of the eE
treme Eastern Section being the portions acquired by
chase cost OF the railway will be represented
by lees than $4,000 per mile including stock and debt
800 MILES OF THE LOAD WILL BE ENTIRELY
FREE FROM MORTGAGE
The company authority OF Its charter has regularly
paid interest It's paiu' capital stock and VIII continue
20 40 30 at the rate Of per per semannuay so
one "a the main line IL process of construction In case
the net earnings OF railway should not suffice for the pay
meut Of this interest proceeds OF nearly 100000 acres
Of the Land Grant which will remain after providing for all
the Land Grant Bonds available for that purpose
TERMS OF SUBSCRIPTIONS
ONE HUNDRED THOUSAND SHARES OF the capital
sock Of the Canadian Pacific Railway Company amounting
I'm nil 10 the par value of S0000O00 nos offered ior
sale, - ~,
AT NOT LESS THAN SIXTY DOLLARS PER SHARE
PAYABLE I'm three equal install nents the hrst on feDruy
10 1888 the second on March TO- 1882 and the third on
Anrl TO- 1888 with interest each OF the atter install
nts M per cent from February 10. The whole amount
NAV DO paid ON February TO- II preferred WITHOUT IN
terest -, -.
dcrsgned within time above specihed of any part OF
h aotaI stock IN amounts less, however, than 100
ga The undersigned the night ~ reject
all proposals. In whole OF III part ~" "iu VI e'' '"An Wv
mar share will be considered
comics Of The charter and act Of the Dominion Parliament
AN ~ ,s,eeted and copies of PreslonGs Official
ot Of the condition affairs Of the company with maps
=, The hallway can be obtained. vita further Information
,.,su az tho Offices OF either Of the undersigned.
Ian