The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-13
FINANCIAL.

| A PACIFIC RAILWAY
GOLD LOAN
ss,5oo,0oo
We beg leave to announce ha. we have accepted the
| agency of the
KANSAS PACIFIC RAILWAY COMPANY,
for the sale OF hs
NEW SEVEN PER CENT THIRTY YEAR GOLD LOAN,
FBEE OF TAX
This loan amounts to ss5Oc, ,oOo
FIRST MORTGAGE LAND GRANT AND SINKING
FUND BONDS.
secured upon the the railway from near sheri
dan, Kansas to Denver Colorado distance of ss7 miles.
of which "a miles Completed and the rest ia under con-
srucon. It s also a mortgage upon the rolling stock and
franchise of this frat class railway running through
and in successful operation west
souri, river and earning already enough to meet all OF It's
existing obligations beside. more than ,h. inter-
upon this loan.
In addition to this the bond. secured by ars,
mortgage of the
GOVERNMENT LAND GRANT OF THREE MILLIONS
OF ACRES,
extending alternate sections either side of the track
within 20 miles thereof from the sa4h mile post
Denver The proceeds to be
by the Trustees In the per cent Bonds themselves
up to Iso, or In United States bonds, as
a SINKING FUND FOR THE REDEMPTION OF THE
BONDS.
The lands embrace the finest portons Of the
magnificent territory the Colorado including Goa, field
|
| tract OF
THREE MILLIONS OF ACRES IN THE STATE OF
KANSAS,
which, although pledged security for this ioan add
largely compsnys wealth and estimate tho
value of the companys property by his mortgage
at $as0 oOoe, net while the loan is merely ssSoo,eO
| The bonds have
THIRTY YEARS TO RUN.
from May l, 1859. and will pay
SEVEN PER CENT INTEREST IN COLD,
seni.a annually. on May and November I. ami are
FREE FROM GOVERNMENT TAXATION,
the company paying the tax
The principal Of the loan ia made payable god In the
city of New York. bu. each coupon will
BE PAYABLE IN FRANKFORT, LONDON OR
NEW YORK,
at the option the holder withou, notice, following
/ rates.
On $1,000 Bond New York .S35 gold each half year
on $1,000 Bond CT So lOd each half year
On 81 900 Bond Frankfort frs 90 kns each half year
agents loan accepting the trust, had the
condition the road country through which runs
carefully examined They happy give IT emphatic
endorsement asa
FIRST CLASS INVESTMENT
In every respect perfectly sure and essential.
even
BETTER THAN GOVERNMENT SECURITIES.
As convincing evidence o, the capacity OF the road
from its business whou. increase pay the IN
this loan they call attention to the earn
nss of the for the April and May 1862
follovs:-
gross earnings for April il............. ssl7,sla 20
Expenses for April eS2sl 81
Cross earnings for slsiss Is -
| Expenses OF the road d......-"........ lo''ss' "
Net carnnge Sll4l75 60
Net earnings for two monhs......... s2ss 7ss 81
| This ia exclusively from local traffic.
This shows large increase over the net earnings for the
year neary double business continues to In.
from day day In the year 1868 the surpu
over and above all expenses and in.eres. amounted to
S4sSsso %.
The emigration to the Kansas lands OF the Company is
| large, steady and increasing.
The bonds viii be received by the Company
| as cash at par for the purchase
| of any of the 5000, coo acres Of land
| covered by the mortgage.
The full amoun. OF this Loan is
ss.sOoooo,
and Of that 81. SEQ 900 have already teen placed
| rhs bonds viii be sold for the presen. at
aS and accrued intercs., both 10
Currency
The Asents reserving the right to advan.. :s @ rsls
The main Which justify the undersigned In giving
/ this loan their unqualified commends,ion are
The present Of lines already in operation In
Kansas and fact that is earning enough ne, on 437
total amount OF interest whole loan.
H. The security constantly increasing value of the sss
miles of railway and telegraph morgased
Tho that valuation of the companys pro-
pcrty mortrsgcd hess sescooOco Will.
this loan is merely ss,5oO,o@
". The land gran, of company 100000 Of of