New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-02

MONTANA CENTRAL
RAILWAY C0MPANY'S
FIRST MORTGAGE BONDS.
Principal and Interest guaranteed by the
St. Paul, Minneapolis and Manitoba
Railway Company,
Which has recently obtained control OF tho Montana
Central Railway through tho purchase OF
the Stock Of the Company.
Issue of 81. OOO,O 900 Bonds.
Dated July 1, 1887. maturing July 1. 1887.
COUPON BONDS IN ORGANISATIONS OF $1,000
EACH. REGISTERED BONDS IN DE.
NOMINATIONS OF $1,000
AND $1,000 EACH.
Interest per cent. per annum.
Payable January and July Mt the ONCE Of the
Company In New-York
Principal and Interest payable in Gold Coin.
Central Trust Company Of NGV-YOrk,
Central Trust Company Of NGV-YoTk,
TRUSTEE.

TIE Montana Central Railway Company Is organized IN
der general Territory Of Montana and an
thozed construct equip and operate tho
following lines railroad in that Territory:
Great Falls to Helena. mies
Helena to Butte mics.
Helena TO Rmini. 10 miles
Marysvie junction to Marysville ........ 7miles.
Great Falls Sand Coulee 1S mileI2l2 miles
The line Falls Helena Ia, been completed ana
equipped and is in operation Tho line from Helena 70
Butte the branches Rmin. Marysville and sand
Csuee practically ready for the rails except ono tunnel
Butte 500 feet remain to be COM
pleed Work this tunnel is being pushed rapidly ana Is
progressing the rate OF 100 feet week On It's compile
ton the length OF tunnels in the system VIII DO
about 1000 the weather permits the TO
naming work will be vigorously prosecuted a the ties and
portion OF the steel being the ground and VIII be com
peted early In the spring except the line to Butte VIII
be finished in September or October next.
Ample terminals acquired at Great Falls Helena
and located give the company great and
permanent advantages Additional equipment sufficient for
the entire system and will be ready
for delivery early date.
The mineral product shown by the Govern
me- reports s27 in 1887. majority OF
which was produced at points line OF the Montana
Central Railway located of the largest cop
per- silver. gold and other mines in tho country.
Coulee the company about 5000 acres OF
containing fne quality of btumnsus coal well suited
for coking.
On completion OF the Sand Coulee and Butte lines low
estimate places the daily OF coal aono TO Helena
the Manitoba the daily movement estimated at
1000 tons.
Falls the line connects with the st. Paul. Mime
apos Manitoba Railway and through with tho entire
railway system the country The Missouri Rver at this
point is from 900 TO 800 feet wide fall In
probably the greatest available water power
continent and largo smelling and other manuactur
ing interests are being established there.
Near Falls several varieties OF the best quality Of
DESIGNER Ores limestone clay and coal found in
close proximity.
The 81 100000 bonds offered are secured by hrt
mortgage lines The entire Issue Hereunder Is
limited to $4,000 OO0 which 81 100000 have been al
ready sold Only So the aggregate will DO issued
on equipment and the balance only for
purchase equipment OF additional
lines Copies tho mortgage be inspected and further
will be given application at tho Central Trust
Company "a walst the companys Office 10 Walst.
New York
will be received at the Office OF the
Trust mp TO o'clock Feb when they
will be opened presence OF bidders who desire to
be present Tenders be sealed and addressed 70 the
President OF Central Trust Company and marked Ten
der for Montana Central Railway Companys Bonds" and
the price bid must include from JAN last
the order OF for cent Of the
purchase price bonds bid for which will DO
returned the bid accepted The company does not
bind itself TO accept the highest bid Where bids
accepted the purchase price must be paid to
Trust Company before Fob TO- when the
bonds will lie delivered,