The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-09-10

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81, 1000.
September 6, 1869. eds1w
MISCELLANEOUS.
A PACIFIC RAILWAY
GOLD LOAN
S6,50O,OOO.
We beg leave 10 announce that we have accepted
the agency OF the
Kansas Pacific Railway Company
For the sale OF its
New Seven Per Cent Thirty Year
Gold Loan, Free from Tax.
This Loan amounts TO sc, $780, go.
First Mcrtgage Eana.Granf and Sinking
FUND Eonds,
secured upon the extension of the Railway from
near Sheridan, in Kansas, to Denver, Colorado, a
distance Of 237 miles, of which 70 miles are COM
pletcd, and the rests under construction 1t is al
so Mortgage upon the Road, the Rolling Stock and
Franchise OF this rst-cass Railway, besides now run
ming through the State of Kansas,
And in Successful Operation 10: 43y miles
west OF the Missouri River, and earning already
enough to meet all ct its e2 penses and existing obli
cations, besides
More than The Interest pom this new loan
In addition to this the Bonds are also secured by
first mortgage OF the
Government land Grant Of three million
Acres,
extending in alternate sections on either side of the
track from the 39ith mile post in Kansas TO Denver
The proceeds Of the sale OF these lands are to be in
vested by the Trustees in the per cent Bonds them
selves up to 100 or in U. S. Bonds, as
4 Sinking Fund for the Redemption OF
the Esords.
The lands embrace some of the finest portions OF
the magnificent Territory of Colorado, including
coal field and pinery This Company ais holds as
an asset another tract of
Three Millions of Acres III the State o,
Kansas,
and although not pledged as a security for this Loan
their possession adds largely to the Company's
wealth and credit. We estimate the
Value of the Compnny's property, covered
by this mortgage, at SEA, coo, 200
net, while the Honn is merely
sG,5OO,OOO.
The Bonds have
Thirty Years to Run,
from May 1, 1862 and will pay
seven per cent Interest In Gold,
semi-annually, on May 1 and Nov I, and are
Free from Government Taxation,
the Company paying the tax.
in Gold, in the City of New York, but each coupon
will be Payable in Frankfort, London or
New York. at the option of the holder, without
notice, at the following rates:
On 81, 600 Bond in New York s35 (gold) each year
London. .... Ct IS. 10 Z" "
=" --f- Frankfort 81 ar, 80 i.rtzs ~
The Agents of the Loan, before accepting the
trust had the condition of the Road and the eoun-
try through which it runs, carefully examined They
are happy to give the Loan an emphatic endorse
ment as
FIRST CEAss INVESTMENT,
in every respect perfectly sure, and in some essen
tals even
geifer than Government Securities.
The Bonds will be sold for the present at
30, nnd Accrued Interest,
both i'm Currency,
the Agents reserving the right to advance the rate
The attention Of investors is invited TO these we'll
secured Bonds, which we recommend as one of the
most profitable investments in the market.
Gold and Government Securities taken in pay
ment at their market value, without commissions.
Pamphlets. with maps giving full information,
sent on application.
DABNEY, MORGAN d. CO.,
No. 53 Exchange Place, N. ".
N. X. JESUP d CO.,
augi9d&w3ms No. IL, Pine Street, N. y.