OCR Text |
Show MOFFAT ROAD GUARANTEES THE NEW TERMINAL BONDS The extension of Ihe new mortgage of the Northwestern Terminal company insures in-sures the bondholders additional guarantee guaran-tee that thoy will get their principal and Interest when payable. It places tho Denver, Northwestern & Pacific (tho Moffat road) behind tho Terminal company com-pany securities. The latter owns the ground of the Moffat road rlnht-of-way while the majority of the stock of Vtrr T.ormln5iI conJPy is owned by the Moffat rood, and held "in Its treasury. In this connection David 11. Moffat, tlie Denver bunker, says: "The Mpffat road Is not depending on any Individual or any railroad to com" pete lis line, and it Is not likely to change ownership cither so far as vc feW t Jo ?arly .of enB'cera from the Rock Island went over the line for surveying sur-veying purposes, but there was no significance sig-nificance attached to their trip "The Terminal bonds have all been sold and we have the money for them or at least all are sold that needed to be sold for Improvement purposes. Tho Moffat road Is pledged to pay anv deficiency de-ficiency of interest or principal on "these bonds." |