New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-07

The capital stock OF the Company ia 900: It Is
expected the entire railway uIen comp cted viii DO
represented by s9LODO.oOJ OF capital stock, leasing
$4,000 900 uni .sucln the treasury
have been made for the construction OF
the remaining portion The road that there be
doubt s being peted and thoroughly equipped
r the proceeds OF the capital stock Government
subsidies AMI other without mourning any mort
gage debt whitover.
Bonds TO the amount s25 900 been issued
by mortgage the Land gllt only and constituting
lien whatever upon the railway or general franchises OF
the company These bonds receivable In payment for
lands sold By the company. sJOcOOOO Of them ara and Will
Ne for ten after the completion ~ the main line held by
security FOR the performance Of
As the sales OF G4520OO acres have already
sufficient provide for the redemption Of all the bonds
reserved by the Government with the exception OF less
s27oOOoo the sale OF about 100000 additional acres
much lower rates will be than sufficient to or
tnguish this small baance OF unsOld bonds.
Thus the railway Is completed and equipped there
will remain nearly 100000 OF excellent land free
from all and subject 10 sale for tho benefit Of
the stockholders and the company will also hold sl00OOO00
Of s own unssued capital sock for In further i'm
provemcnts extensions.
The railway and branches. when fully completed and
equipped will be represented bya
CAPITAL STOCK OF ABOUT $4,000 PER NILE.
The capital and mortgage debt Of all other transeon
tIneual from $4,000 TO 100000 per mile
THERE IS no INcuMBRANcE or ANY KIND UPON
THE RAILWAY,
cxcep about 500 900 only AL miles OF the ex
treme Eastern being tho portions acquired by
chase The whole cost OF the railway will DO represented
by $1,000 per mile including stock and debt
2sGj MILES OF THE ROAD WILL BE ENTIRELY
FREE FROM MORTGAGE.
The company under authority OF It's charter has regularly
paid interest upon padu capital stock and VIII continue
TO Of per cent per semiaunuay so
long main line process OF construction In case
earnings OF the railway should not suffice for the pay
ment interest proceeds OF nearly 100000 acres
Grant which remain after providing for all
the Land Grant Bonds available for that purpose.
TERMS OF SUBSCRIPTIONS
ONE HUNDRED THOUSAND SHARES Of the capital
stock Of the Canadian Pacific Railway Company amounting
In all to the par value OF sl0OOOOOO now offered for
sale.
AT NOT LESS THAN SIXTY DOLLARS PER SHARE,
Payable three equal nsalments the first on February
TO- 1888 the second March TO- 1888 ana tho third on
April 10 1885, with interest each OF the latter install
ments at @ per cent February 10. The whole amount
may be paid February 10, II preferred without III
terest.
Written proposals be addressed 10 either OF the I'M
dersgned within time above specified for any part OF
capital stock amounts not e's however IMAM lOO
shares The undersigned the night TO reject any or
all proposals whole IN part No bid OF less than $50
per share will be- considered.
Copies charter and act OF the Dominion Parliament
can be- inspected anal copies Of the Presidents official state
uept OF the condition and Affairs o. tbs company with maps
OF the Railway can obtained with further information IN
detail az the Offices OF either Of the undersigned.
New.York. jan 30. 1888.