New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-02-24
n,vrNn AND FINANCIAL.


BURLINGTON, CEDAR RAPIDS AND MINNESOTA
R,HwAY.-The completion OF this Road has given to
its First Mortgage Seven per Cent Gold Bonds an
established character equal to any mortgage issue
dealt i'm M tie stock Exchange. We are prepared TO
buy and sell these bonds at any time, at our Bank
ius-Hous,. at market Irce-thus placing them on
she Same basic, for temporary or permanent invest
Inen+. with Governments or any other security.
These bonds arc a first and only mortgage OF
$4,000 l.r mile, based on a railroad that has cost
$4,000. and which commands, without competition,
all the traffic of Northern Iowa and Southern Mime
s1ta--sho,aning tle distance from St. Paul to CHI
caco 4J lies and to ST. Louis more than 30 miles.
The net earnings are already largely in excess of
interest cn the bonds, and doubt exists that they
will more than double within the ensuing year.
A contract has been secured with the Chicago,
Burlington and Quincy Railroad Company obi
eating The latter to invest 80 per cent of gross earn
irgs derived from traffic with the Burlington, Cedar
RAPIDS and Minnesota Road III the bonds OF this
COMPANY. This arrangement makes practical con-
solidatiCu Of the two roads, and establishes large
sinking fund Cor the Burlington, Cedar Rapids and
Minnesota Bonds
The couyeItibility privilege in these bonds en-
abes them 10 be exchanged for stock, ut par at any
time. This secures to the holder, at bis option,
share in any excess Of earnings over the interest
obligation.
An exchange Of Government securities for these
bonds returns o. per cent interest, instead of per
cent which is all that Governments pay at present
price besides leaving an immediate gain of about 20
per cent ia price for rcinvestment.
The subscription price of the bonds is 90, and
accrued interos, in currency.
Al marketable securities taken in exchange, free
Of commission and express charges.
HENRY CLEWs * Co, 81 Wall-st.
In connection with the house Of
JAY COOKE McCUuOCH g. Co.,
No. Il Lombard-st., London,
we purchase and sell
STERLING EXCHANGE,
sCoNMLEcIL CREDITS AND CIRCULAR LETTERS FOR
TRAVELLERS,
available in all parts Of the world;
EXEcUTE ORDERS II SECURITIES
make
CABLE TRANSFERS or MONEY,
and transact any business pertaining 20 an American
Banking House in London.
We receive deposits Of coin and currency allow
ug interest and checks upon paid through the
Clearinghouse. JAY COOKE d Co.
One Of the Best Investments in the Market-St
Louis and SOUTHEASTERN First Mortgage Convertible
: Per Cent Gold Bonds, issued upon finished road
running 10 St. Louis and doing profitable business
Price 92, and interest Inquire for particulars Of
GRO OPDYKE & Co, No. % Nassau-st.
NJ X JKsUP & Co. No. II Pine-st
and at the Office of the Company 81 Liberty-st.
TnE NATIONAL TRUST COMPANY or THE CRY on
NEW York, chartered by the State. Paid-up Cap
ital, One Million Dollars. Deposits, over Five Nil
lions This Company has removed to ito new ant
very spacious banking-TOOms at Nos @l and 20
Broadway corner of Wauen-st. While by It's char
ter il cannot discount business paper, its larg
means enable it at all times TO accommodate II
customers with money 20 any reasonable ezten
npon frstclass securities 1t has fitted up seVaIat