New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-09
BANKING AND FINANCIAL.


BANKING AND FINANCIAL.
ST. Josrrn AND DENVER City RAILROAD C0Nr,NY's
Fiksr MORTGAGE SHINING Fund LAND GE4>r
HoNDS,
BEsEIHG EiCuT PER CENT Is p. c. IN EEI:ST, PAY
ABLE IN GOiD,
FREE OF TAX,
Avn IN DrNOMIN ATOMS OF 81 900. Sjn. AND Slo1,
can he obtained from the undersigned. or through
The rrincpal banks and bankers throughout the
United States.
The attractive feaiures Of these Securities are re-
cognzed in the fact that, although they have been
but short time Oh the market they are nearly all
absor bed and but small amount are now for sale.
They combine perfect security with liberal
rate Of interest This interest account is made light
for, and easily borne by. the Company through the
opcration ofthc Sinking Fund created from sales Of
the Company's land, which in many cases draw in-
tercst at the rate of ten n0D per cent per annum.
The security behind them IS ample in every particu-
lar as they constitute first and only mortgage on
trunk line of T. lroad which will soon connect the
city of ST. Joseph, Mo. Tan important railway CEN
teri, with the Union Pacific Railroad at Fort
Kearney materially shortening the distance between
the Atlantic and Pacific coasts. IL addition t. this,
the bonds have fun iher security in the TACT that
there is included in the Mortgage the Companys
MAGNIFICENT Lands amounting to 100000 Acres,
known to be among the best in the United States.
The Mortgag indenture prohibits the sale OF these
Lands at less than -Four N Dollars per acre, and pay
able TO the Trustees under the Mortgage, for the
clear and express purpose of retiring these bonds
The amount thus realized exceeds the entire
amount of Bonds which can be issued. and
leaves the road property and franchises free.
The Bonds have thirty years to run. with interest
at Eight Per Cent free of tax, pay able February and
August in each year.
Both principal aud interest ave payable in gold
The pripcipal in New-Yolk. The interest in either
New-York London, or Frankfort on the-Man, at the
option of the holder, without notice and III The gold
currency Of The country in which they arc Presented
They arc coupons or registered
Trustces-Farmero Loan and Trust Company.
The present pI Of these bonds is 81! and accrued
interest in currency, from August ID, 1871. But they
are receivable at par and accrued interest III pay
mcnt for lands sold by the Company The right Is
reserved to advance The present selling price with
ont notice.
Mans. circulars. documents .nJ full information
furnished on application.
Thou0h acting Us agents for The sale Of this loan, our
firm bay aud sell IN their regular business the bonds o. the
81 Joseph and Denra City Railr0ad Company those Of
tie Eastern Diroion eight per cent s recently placed by
- at g7, being quoted al from lO. to 1927 and &C.
ovxed interest
TANNER Il Co., Bankers, No. ii W all-st.
The WEST WISCONSIN RAILWAY which forms the
chief link in the new and short through route
from Chicago to st. Paul and the great North,
West, is now completed to 1iudso One hundred
and twenty miles have been in operation for a
year, and had a large and profitable local bust
ness, and a still larger amount has awaited com.
paotion through ~. CrOix County to the shore OF
the Lake The lumber traffic this Winter will be
very heavy. Immense quantities are already piled
up at the mills the line of the road awaiting the
81.
win be distributed the trelcss prairies of Min
neNOta and Iowa. Besides this local business the
West WISCONSIN will get large share of the traffic
between st. Paul and the North West and the Lakes.
II is 100 miles shorter than the present line and has
valuable Land Grant Of lOOOJOOO acres in the best
part of Wisconsin. This grant with the Road itself,
= pledged in support Of the + rst Mortgage per
cont Gold bonds which may be bought at ~ and ac-
sx1ed Interest n, currency of WHITE. MORRIS Co.,
IA " Mali-st.. and GwYNNE, JOHNSON n DAY, No.
Is Wslls,., Agents to the Company.