New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-10-25

We are frequently in receipt Of letters OF inquiry as to
the standing Of this that stock bond, OF which the
following Is the latest specimen
TO Edttor Of The Tribune
SIR: As an old and regular reader Of your weekly pa
per- take the liberty 10 ask your opinion as TO when
The many railroad bonds you advertise you give N
to- tOr who wants good rate OF interest," Du
cant afford to run any risk OF loss. at first thought
would take the st. Joseph and Denver City on account vi
the land grant in preference toany other but irehd
of mine tells that the land don't always add 10 thc
security Of a company; should 1t get IN bad hands they
could easily squander the land by selling to each other
hint in your PAPER, would be great favor to, SIR,
Yours, very respectfully, W.
Rochester, MINI, Oct. 10, 1871.
We should he glad TO Obge correspondent hut can
hardly In expected single out any of the various
new securities advertised in our columns and pronounce
1t superior to all others. This would involve RESPONSE
bty We do not care to take. 1t is proper to say how
ever that most OF them very good. the particular
security he names being regarded at least equal to
any of It's competitors for popular favor AS to the
large tracts of valuable land granted to this Company
the title Is vested In the Farmers Loan and Trust Com
panv OF this city, rs Trustees for the bOndhOderS
and by the terms OF the Trust Deed, can never
be sold for less than per acre. which alone, at ms
price would produce without regard to the franchise
and property Of the road itscl more than the amount
OF the entire issue OF bonds for which this mortgage Is
given 500 OGD AS fast sold the proceeds OF these
bonds 20 directly to the Trust Company and are to be
held by il for the na redemption Of the bonds SO that
in this particular the bonds can never be at the
mercy Of any future board Of directors, however ls-
posed There other railroad companies whose lands
we believe are held In the way and in every such
case our may rest assured the protection
against misuse is considered perfect human iDge-
nuity can devise.
The Mechanics Banking Association has declared
dividend Of per cent free OF all taxes, payable Nov
Messrs. George Opdyke Company will pay the NoVem
her coupons Of the NewIork and Oswego Midland RAM
way and the St Louis and Southeastern Railroad free
Of Government tax, on and after the lst proximo
The coupon and registered interest due Nov l. on the
First Mortgage Bonds OF the Chesapeake and Ohio Rail-
road Company will be paid and after that date, free
of tax at the office Of Messrs. Fisk d Hatch, No.
Nassau-st.
The official statement of the North British and Ncrcan
tile Insurance Company, published in another column,
will be read With interest giving quite satisfactory
exhibit OF the financial condition OF company which
has already made very handsome subscription for the
immediate relief Of the Chicago sufferers
The Philadelphia stock market was irregular to-day;
PENNSYLVANIA Skies sold at 1O5; Philadelphia and Erie
Railroad, "A; Reading Railroad, 81 and Pennsylvania
Railroad, 500 Gold closed at 1929. $500.
The aggregate amount of exports eXclnsive OF spece)
from the Port OF NewYUrk for the week ending Oct a.
1871, was $5,276,O54
EThe Official report Of the First National Gold Bank Of
San Francisco shows its aggregate resources to be
Sl5l7,OOO.
broker named Dickinson ia reportd to have failed to-
day to meet his engagements for 10000 OF 1900
shares OF stock which he had purchased upon very small
margins 1t is further reported that his assets amount
to about $4,000 which, II true shows the facility afforded
by the customs OF the street for doing large business
upon small capital.