New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-05
PRIVILEGES.

Tho charter Of the Canadian Railway COMPANY con-
fers upon II highly important AMI valuable privileges
among which tho following may be mentioned
Most Of the line through Government lands ihough
company night Of for both its main line and
charge The has also the right 10
adjacent Government Lands all the stone timber and
which require iJI the nstlcOh OF
the tine without charge.
required for the original construction OF the
railway bridge, and ecgTaphs including rails. h'h
plates bolts telegraph wilc &c &C. aTo admitted nee
Of duty.
THE LAND GRANT Is EXEMPT FROM TAXATION
FOR TWENTY YEARS.
THE RAILWAY. ITS EQUIPMENT AND CAPITAL
STOCK ARE EXEMPT FROM TAXATIOS
By THE DOMINION GOVERN.
MENT FOREVER
The company has an unrestricted night branch
lines Of railway
The Dominion Government forever all right 20
reduce the charged upon This railway beo" point
which will afford pront OF 10 per cent per annum upon The
capital invested
no Government has constructed IS constructing y
miles Of railway for the Of Tho company which Is TO be
turned oger % of all cost The Government also pays
by nstamens sections Of twenty miles Of the road
| completed.
SUBSIDY or s25.OoO.ooO IL CASH,
and grsut'a
FURTHER SUBSIDY OF 25Oooo0o ACRES OF GOV
| ERNMENT LANn.
west Of Lake Superior ALL GUARANTEED FL Tor siIIu-
| MENI.
| FINANCES.
The capital stock Of the Complny 500 Ooo bnt q {.
expected entire railway wien competed viii DO
| represented by s9lODOOOO Of capital stock leaving
| SlO.0GO,OOO uui~sued IN the treasury.
such cemens been made FOR The construction Of
the remaining portion The road that there can De no rA
sona doubt being completed aud thoroughly equipped
for from the proceeds capital stock Government
subsidies without incurrins any mort
gage debt whatever.
Pond, 70 the amount u s25 600 900 have boon issucd
cured Inv on the land grant only constitution
fran liafs II
the company. bonds receivable In payment for
by the 100000 OF them are and will
DO for ten yea completion ~ the main line held by
the Dominion security for the Performance Of
the AS the sales OF Gf51OO1 acres have already
been provide the redemption Of all the bonds
not by the Government with tho exception Of less
than S. ooO the sale OF about 900 additional
even much lower viii be than sufficient 10
| tinguish this small ba ance Of unsold bonds
Thus after the railway II completed and equipped there
will remain nearly 100000 acres Of excellent land free
from and subject TO sale for the benefit OF
holders and the company will also hold OOOO0OO
OF its own unissued capital stock for in any further i'm
! prOvements or extensions
The railway and branches when fully completed and
equipped Will be represented bYa
CAPITAL STOCK OF ABOUT $4,000 PER MILE
The capital stock and mortgage debt Of all other
nenta lines from $4,000 TO 100000 milo.
| THERE Is NO INCrM8RANcE or ANY KIND UPON
THE RAILWAY,
except liens Of abont 600 only AL miles Of the
IRENE Eastern being the portions acquired by
chase The whole railway viii be represented
by less than s29 per mile including stock and debt.
| 2sG5 MILES OF THE ROAD WILL BE ENTIRELY
FREE FROM MORTGAGE.
The company under authority OF ITS charter has regularly
paid upon paiup capital wall
DO OF per cent som annually 80
long as the process Of construction. In ease
the earnings Of the railway should suffice for the pay
meBt Of proceeds OF nearly 900
OF the Grant which will sor providing all
| the Land Grant Bonds available for that purpose
| TERMS OF SUBSCRIPTION,
| ONE HUNDRED THOUSAND SHARES Of the capital
stock of the Canadian Pacific Railway Company. amounting
IN ali to the par value Of SlOOOO0OO offered Tor
| sale.
| AT NOT LESS THAN SIXTY DOLLARS PER SHARE,
pavabe in three equal in,taments the first February
IN 1912 the second March 10. 1888 the third on
Ami 10 1893 with each Of tho latter install
sots at uer cent from February 10 The whole
NAV be paid on February 10. preferred, without
teIost.
wntten proposals may be addressed 70 either OF the
dettcned within the time specified. for Of
.nc capita stock III amounts however than 100
shares The undersigned reserve the night 10 reject
all proposas IN whole part 40 bid Of less than 500
| Der share will be considered.
Comics Of the charter " The Dominion Parliament
can be inspected copies of the Presidents ocs AIo
ment OF the condition affairs the company with maps
Of the Railway with further information IN
| dstail al the Offices OF either OF the underdgnrd.
| New-YOIk. Jan 20. 1888.
j. y. KENNEDY & 10.
| No. % William st New.York