The Arizona champion., 1886-03-20
THE MINERAL. BELr.
Arrangements Made for Building the Els
 Part of the Head. vH

circular dated March the 9th, from which the following extracts are talk en-:
 The northern division oi the Ari zona Mineral Belt Railroad, an auxh- | lary or branch line to the Atlantic & Pacific Railroad, has. been located from d junction with the last named road to the town ot Globe, in the county of Gila, Arizona, distance of I8o miles, and construction work has been commenced.
 The junction with the Atlantic X Pacific Railroad IS near Flagstaff, in the county of Yavapai, whence the line will run Tn southerly direction through the great Mogollon timber belt into the Tonto Basin, and along the Wild Rye, 1onto, Rio Salinas and Pinal Valleys to Globe.
 The first 5 miles ot the line, as above indicated, IS located through the largest and most valuable pine for est ou the southwestern Pacific slope, estimated to contain I73 900 900, 900 | feet of timber, which interest alone would render the construction ot thiS | di ision a commercial necessity. The completion ol ;h!s portion of the line will also bring Us to d pOint where the bu,incss 0! the Tonto Basin. the Gl JDr Diolric, and localities below, will be turned to our road. This will Uc a paving sccti>a ui roaI, regird- ..s, of further extensions.
 Tn. remaining portion Is amid min ersl fields ui marvellous eXtent and rlcn0csj, wniic the entire line Is throush the Dest of graz'ng lands, @i,. ..!-.y r.cA unsaOie valleys inter veal19.
 E., the terms of the "Gulrantee Traffic Contract" entered iato be- tween the Atlantic x Pa lfic Railroad { Co.npany and the Ar,zJna M,aeral Bcil RiliroAd Company, th. latter Is allowed a rebate of thirty per cent the first year, twent! five per cent the second year, and twenty yer cen thereafter, on all joint through bust ness, whl.h sum, together w'ih hiiy per cent of the gross earnings of the Arl2ona Mineral B3lt RailroaI on such 1 Jnt through business, or SD much ol sl,d fund, aS may be necessary, IS to D: re,alned and app.lcd by th: At'an- tic x Pa-iic Rulroai Company, to tAc payment ot the interest on ouf ponds, the surplus 10 be invested ana acld as sinking fund for the paymen' ot the priaclp !, As provided in SdId LOnt. .-.Ct.
 To complete the first 5 miles O ;hc Ariz,nI Mineral Blit Railroad, Ehciud,as telegraph llne, water ser vice, and d ilir equipment of ro!iiag stock, will require one million and fifty thousand dollars (SI,o5o, ,ooo) or tiis sum, SIX hundred aad fifty thousand dollars (S65o ,coo) have al rea,iy been pledged, aud arrangements al perf-ctei for prosecuting the work Of loAstructlon necessary to obtain the cuInterslsuatggc of the bonds, under the following wellguardcd plan:
 lHe oN-->.- ~,-.4.--- .-J>-I Ui d. livefed un,ii counter i2ned by Isaac i. DIrr, president of the Nauola Bal Of North America, of Boston, trustee, who will couatersign the saml only upon completed sections of the road, of say tel miles each, and up, on proper cert.ti> ltion that the rail, nave bctA lad.
 1 Hi.-E tac road ,a completed in 5cc lions and the bonds are couAteisigned as above proved, they will be deliVeret. to the subscribers at each all0tmcn' in proportion to number of mile; built. The first seventy five miles oi road is to be built during the year A. D. Io86, and the bonds to commence bearing interest January I A. D. 1887.
 These subscriptions are asked tOl the purpose of rllSing the four hun dled thousand dollars (s4oo, ,ooo) necessary to complete the first seven ty five miles of the road; but all sub scriptions offered may be accep:ed oI rel :cted al the discretion of the Com pany.
 | Eight snares of full paid and unaS, scSs4Dic stock of the Mineral Belt Cons ruction and Improvement Com pany,' ot the par value of Stoo each, will be suid wiin each bp..! Ci Cnl thousand dollars (si, ,oool, which ,c- gsthef shall Dc ,rr.n-,. d B ,1ck.
 !. ". EDDY,
 Pfes't Ariz Mineral :t R. K, Co.
 BosToN. and NEW Yo2S, NJ ,rch 8, ro80 line Atchilon, Topeka and Siu'a Fc Rslroa Company, and the St L ,ui, and S,n FrLncl,co Railway Company, as int owners ot mI miy ot the capital stock of the A. idn,ic ard Pacific Railroad Company, are interested m the com iletion oi the Arizona Mineral Bit RIilrold, and have approved of the above me,- toned "Guarantec Traffic Contract. '
 w. E. STRONG,
 Pres't A. T. &S. F. k. K. Co.
 E. F. WINSLow,
 Pres't St. l.. X s. F. Ky Co. l