New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-09-04
BANKING AND FINANCIAL.
10 RAILROAD COMPANIES.

In offering the remainder of the First Mortgage
Sinking Fund Land Grant Bonds Of the st. Joseph and
Denrer City Railroad COmpdnyt to the public would
respectfully call their attention to few facts in re-
gard to the value of Land Grants especially where
the lands granted are located in fertile section of
was the first to receive Government aid in the
shape Of Lands, and in 1850 received grant Of
2,595,OOO acres. Of these lands the Company have
sold 21T9SO acres and realized for the same $24 9OO
BSS The remaining 45,610 acres are now selling at
an average Of $12 so per acre. equal to S5255,9O5'
This would make the total value of the Illinois Cen
trail Land Grant equal to thirty million one hundred
and 6fy-sir thousand Sepen hundred and ei1hty-egM
dollars 1890 1856 1885, largely in excess of their bonded
debt This Land Grant is located in prairie country
and at the time the grant made the land was con-
Sdered among the choicest in the West for farming
purposes These facts show the great value OF land
grants to railroad corporations. The lands OF the
St. Joseph and Denver City Railroad Company, so
far as their formation is concerned are not in the least
inferior to those Of the Illinois Central Company while
their fertility and addptdbity for farming and other par-
poses are equal superior to any lands in the Vest
nm country. The line of the St. Joseph and Denver
City Land Grant comprises an old and favoite route
Tor wagon travel before the road was projected AS
natural consequence the country is well populated
1t many points thickly SO, and the land cultivated
and developed. The st. Joseph and Denver City
Company therefore has the advantage of populated
and cultivated country, with an established high
price for its lands In other words. the ST. Joseph
and Denver City Railroad Company will
realize at once the same benefits and
profit from its land grant which would be
realized from Companies owning lands in older
States At the present price of the Illinois Central
Company's Lands 1912 50 per acre) those of the St.
Joseph and Denver City Company would realize q
total of eIe, 7SO, 900; and if we take into con-
stderation the future growth of the Western
Country, and the natural attractions which these
lands offer. then, indeed, the amount eventu-
ally realized must largely exceed this sum.
Yet these Bonds, which we are now offer
ing are backed by such security as this, to
say nothing of their being first mortgage on q
Atlantic and Pacific 232 miles, which must naturally
have large traffic and will eventually take rank
with the highest priced railroad bonds on the New
York Stock Exchange. The liberal daily sub
Scrptons to this loan are steadily decreasing the
amount unsold and while they are offered
for the present at OH and accrued in
terest the right is reserved to advance
the price at any time without notice. The Large
amount of $40 Bonds which the Government Is able
to pay off by the recent negotiations Of s2Oo 900
sper cent Bonds must stimulate largely the invest
ment demand for the per cent Gold Bonds of the
st. Joseph and Denver City Railroad Company in
the immediate future In view Of this, and also the
tact that it Is rarely bond is offered to investors
which combines all the requisites Of large income
and the most perfect safety and future profit, in
vetOrs desirng to participate in the division Of the
remainder Of this loan will best promote their inter
est by acting promptly, the total amount of the
issue was only e5,5OOOO0 for the payment Of Whch ts
enormous property specifically pledged. The Bonds
are In denominations Of $1,000 $500. and 800. and
ere receivable at par and accrued interest In pay.
ment for the Companys land sales. Circulars, maps
end documents relating to the Loan, furnished on
application THOUGH ACTING AS AGENTS FOR THU
SALE or THIS LOAN, OUR FIRM BUY AND SELL n
THRIR REGULAR BUSINESS THE BONDS OF THE ST
JOSEPH AND DENVER CITY RAILROAD COMPANY
THOSE or THE EASTERN DIVISION BEING NOW
QUOTED AT 100 AND ACCRUED INTEREST. THESE
WERE ORIGINALLY PLACED BY Us AT 87l.
TINHRR Al IN Rankarn No ~ upou -