St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-08

Pacific Railway company has 2S7 miles of
railway in operation. 1t has issued S4,200 0Od
OF per cent bonds. part of which wera
sold at discount of Is per cent and the re<
mainder at discount of 10 per cent, with
Sf25.OOO of income certificates in addition!
There have been issued So, ,727.0OO in income
certificates Qncluding the S425,000 sold with
the bonds. The s., 302, 600 of income certifll
Gates were sold at the rate of Sl33 per 1,C0Of
In addition there have been issued SIS. 900 in
stock, which has been paid for at par in cash.
The company has yet to provide terminals
at Minneapolis. 1t has sufficient equipmenH
for the present. 1t has some right OF way yes
unpaid for, the precise amount cannot as
certain correctly without going through the
right of way papers. ,
The income certificates were issued UNDER
the laws OF this state, and are simply an as
signment of future profits after deduetingl
operating expenses and fixed charges.
1ncloSe you herewith sample COPY Of the
income certificates.
1t will be impossible at this time to give
exact figures for the cost of the road in this
STATE, because 1t has not yet been ompleted, |
nor have all the obligations incurred for its
construction and equipment been paid.
The figures heretofore given as TO the cost
OF the road only embrace the cost up to that
time. or else were mere estimates and not an
accurate estimate. Yours truly, !
j. ID. SHINGER, General Solicitor. )
The resolutions were adopted, no
senator caring to go on record as op-
posed to them, and the Introduction OK
bills commenced. u
New Measures. 4
By Mr.. May o, Senate File No. 2l3, amends,
Ing laws prov idlng for committee to super.
wise expenditure of money for bridges inl
Olmsted county. Special legislation.
BY Mr. Mayo. Senate File No 2l4 authOr-i
iziDg board of commissioners 10 appropriate
money for building bridges in 0lmsted
county. Special legislation. 4
By Mr.. Leavitt. Senate File No. 215-A bill
to prevent and punish the use OF money or
other improper means to AID or defeat the
nomination or election OF any candidate fox,
an elective office II
BY Mr.. March, Senate File No 216, author,l
izing the acquisition of land TOR widening,
highways and the assessment of benehtal
upon those demanding the widening. Bondst
and bridges 4
BY Mr. Guderiau, Senate File No. o1T,l
amending charter of Anoka. Special legisiaol
lation. q
By Mr. Smith, Senate File No. 2ls. autno,,j
lzlng the formation of clearing house associ.l
ations. Banks. Il
By Mr.. OBrien, s. P. No. 2l0-Providing1
for road making between two eounies.a
Roads. 4
BY Mr.. Smith, E; R., S. F. No. 29O-Amend.I !
ing oil inspection law. Illuminating oils. d
BY Mr.. Day, S. +. No. 221-AuthOrizing vil%
lage of Madelia to issue bonds for water
works and sewerages. Special legislation. A
By MIR. Eaton, $. +. No. 222-Authorizing
village of Buffalo to raise level Of Buffalo
lake. Special legislation. j
BY Mr.. Eaton. S. +. No. 223-Authorizngl
village of Waverly to issue bonds for town
hall. Special legislation.
BY Mr. Dedon, y. f. No. 224-Allowing
women to vote on local option. Temper
ance.
By Mr.. Dean. s. F. No. 225-Amending in
surance law. Insurance. 4
BY Mr.. Donnelly, s. f. No. 226-Amending
By By Mr.. Philips, 5. +. No. 227-Amendina
law Of garnishment. Judiciary. NJ
A recess was taken at this point until
8 o'clock