Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-08-21
The rate Of per cent. per annum from

the rate of per cent. per annum from
July /, 1886.
The terms of the lease. ~ has bsen
heretofore noted, are the payment for
three wears of fixed charges and ~ per
cent. on the preferred stock: after three
years the rental il 20 be % per cent. Of
gross earnings, With guarantee of an
amount equal 10 all fixed charges and 2
per cent. ON the preferred stock.
In construction, the work actually
done during the year 1882 was as fol-
lows:
i. The line of the Manitobs, South
western Colonization Railway vas com
plstsd for 50 miles from the city Of
Winnipeg, its starting point
2. The Casselton branch vas cor-
pletsd 70 o point IS miles north Of its
junction with the Sorthsrn Paslfs main
line, and the grade offended % miles
farthsr north Both thess Inns we're
sold during the yssr.)
3. The Fargo and Southwestern
Branch, sxtsudinG from Fargo, on the
Red river, IN Q southWsstssly direction,
vas eomplsssd for IS miles 70 the ssvn
4. The Litte Falls and Dakota
Branch ~ finished from Little Falls to
Morris, . distance Of o. miles
8. Ths cpufracs msds for tbs compile
tien Of the Nogthsn Pacidc, Fergus and
Black Ellis Branch, from Fergus Falls
70 Broekinxides, on the Red river. Q dis
tanoo Of = miia1, was folly carried oot,
and tbs line has bsen in operation 70
the last msntaousd point, from Wadsns,
en the northern Pacific main linz, to .
distance Of % miles. since the fall Of
l6da.
6. Ths jamestown and Northern
Branch was built from jamestown, on
tie main linz, for distance of IS miles.
This mileage Vas finished late In the
fall, bat not regularly opened until the
The Columbia and Palouss Branch
Vas graded for about % miles.
3. Ths line of the Puget Sound Shore
Railroad from Tacoma, the terminus Of
the Northern Pacific ON Puget Hound,
TO the important town Of Seattle, was
also oornmsnced, bat the contract for
the work Vas let too late in the season
10 psrmit Of much progress.
In the present fiscal year about go
miles of new road will Be built, which
will be made op By new mileage along
the various branch lines, - follows:
l. The Fargo and Southwestern
Branch will be extended In q south
westerly direction 70 the James river,
% - 20 make the aggregate distance
from Fargo about 100 miles.
3. The Northern Pacific, Fergus Falls
and Black Hills Branch 10 being extend
ID from Breckenridge over the grade 40
quired from the 81. Paul, Minneapolis
and II ,nitoba Company, In o westerly
direction, 10 q junction with the Fargo
and Southwestern, . distance Of about
100 miles.
3. Tho Jamestown and Northern
Branch will b constructed distance
Of ~ miles, TO the west end Of Devils
Lake.
{. The Columbia and Palouss Branch
ID expected 70 be completed - the town
Of Moscow, o distance of % miles.
B. The Tacoma and Seattle line will
also be completed during the present
season. Il will be link In the all-rail
coast route, In connection with the Or
econ and California Railroad.
8. The line to the National Park, from
Livingston, on the Northern Pacific
main line, up the Yellowstone river, will
probably b completed in August. The
line will b little over 81 miles long,
and presents no great difficulties.
z. The means for the construction
part Of the wefk Of the st. Paul and
Northern Pacific Company have been
secured BY the sale Of 100000 of its
bonds. The line from Hauk Rapids to
Minneapolis will be completed this year,
and q good beginning made with the
terminal facilities in both that city and
st. Paul.
The formation of important terminal
companies. namely, the Northern Pacific
Terminal Co. of Oregon and the st.
Paul 4 Northern Pacific Railroad Co.
In Minnesota, has heretofore been re-
feyYod TO several times. Both compan-
ies are now at work.
In conclusion Mr.. Willard discusses at
much length the prospects, Of his several
corporAti0rs, and gives most sAnguine
predictions Of their future prosperity.
Al 10 income and dividends, he Gays:
During the past year, three quarterly
dividends of ~ per cent. each were de-
olared. involving the distribution Of a
total of $780, 600 to the stockholders.
The general balance sheet publiahed
herewith shows q balance Of undivided
profits on June 30. 1883. Of g, 8S0, 1876,
which includes 81, 679, 36l Northern Pa
otfio dividend scrip, representing. at the
market value Of 80 and accrued In
tefsst, 81, 66l .606. The regular quarter
IL dividends, at the rate of 10 per cent.
per annum, ON the oompany's holdings
Of Oregon Railway d Navigation stock,
TO accrue during the current fiscal year,
will be 81 ,l99, 262.
1.-The Northern Pacific Company 40.
counted 10 its preferred stockholders
for the earnings due 70 them on June
90. 1852. There 10, therefore, due to til Q
stock the net earnings TOR the year 1882
1858. The main line will b completed
and open for general business before
October l. Bot assuming that Il will b
operated % . complete through line
ooly for nine months out Of the year
ending June 80, 1884, there will Be due
10 the preferred stock up to the Close Of
oar new fiscal year the net income Of
ths company, les mortgage Interest,
earned and TO 10 earned during the
last 15 months Of the opsAtioa Of the
road - IN incemplste line, and during
mine months a operation q complet-
ID line. Il u understood that the North
efn Pacific Company will divide regu-
larry, and In monsy, from and after il
compilation, whatever earnings the pre-
ferrOd stock may b entitled to. We
fesl, thsrefore, justified In including &
poS cent. ON oar holding of preferred
0took In our eotimats Of the income e
bssons available dorinQ the year end.
inG Jans 50. 1854.
"To sum NJ the available income and
DFx,0tn f0R the yanP 1874 "A.