Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1871-06-10

ana OllcfA IN tue lntfftbt Ol lhe CDmphHy.
willingness to accommodate that interest and
the wishes of the citizens, was salisiaciorially
stated. A vote was passed, directing The d.
rcctors 10 take action IN the way Of accommo.
dation 10 The right Of way and dock territory
on one side Of the river, and the terms were
agreed upon; 50 there seems to be no insur-
mountable obstacle to meeting In the fullest
manner, the wishes and interests Of the Lake
Shore company, by the location of their road
on the east side. The old board Of directors
were reelected.
INvEsTMEETs-RAILRoA AND REAL Es.
TATE SEcURIrIEs.-Jf we compare irst'class
Railroad Bonds with good Real Estate mort
gages as an investment for the people general
ly, each will be found TO have peculiar adyan.
tages Of their own. For example-a Railroad
Bond is readily and always negotiable; its
cash value is known by all bankers, and
hence It can be used as collateral at bank for
temporary loans the interest ii bears is regu-
larly and promptly paid, without trouble or
expense to the holder; the investor in Kali.
road Bonds, unlike the owner of Real Estate
mortgages, has no anxiety about the title to
the property on which his bond is secured,
insurance on buildings, or the annual pay
ment Of taxes. on which the continued sound
ness Of that title depends.
On the other hand, it is 10 be admitted, that
a first mortgage on valuable Land is one Of
the best possible securities The property can
neither run away nor burn up It's value is
| not affected by speculative combinations, nor
by fluctuations in the amount OF Railroad
traffic The actual value of good land stead
lily increases with the steady growth of popu-
laion.
1t is because the 7-9O Bonds of the Northern
Pacific Railroad are both first class Railroad
security, and a Real Estate mortgage, on lands
worth twice the amount secured, that we COM
mend them to our readers who desire an in
vestmcnt that is safe beyond question, while
readily negotiable and bearing good rate Of
interest. They are first lien, not only on a
eat Railroad and its traffic, but in dQditiOR
arc a first mortgage on valuable lands at the
rate Of so acres to each 500 of Indebtedness
! Add 10 this the fact, that the rate of interest
e $40 per cent. gold) is more than per cent
currency, and that the bonds are always eX-
changcable at ten per cent. premium for the
lands on which they are secured-praCtically
| giving the power of foreclosure at willard
it is easy to explain the high favor with
which these securities are now regarded.
Central Pacific r. Il. Bonds, secured only on
The Railroad itself, and bearing only SiG per
cent. gold interest, are now selling al 1C3
and they are well worth the price. In the
light of this fact, it is not unsafe TO predict
that the Northern Pacifics, bearing seen dad
Mree.tenths per cent. gold interest, secured
both on the Raraod and $4,000 acres Of land
to each mile Of track, and now selling at par
will at an carly d be worth 1.10
IHdadeipbid Press.
THE ERIE RAILROAD sent It force of three
from New York to Hornelsvilc and othcI
points along the Susquchanna division OF its
road, on the Sd inst, 10 take the places of the
striking brakemcn, and prevent their inter
of through freight trains leaving Iorncllsvillt
for Buffalo, on Friday afternoon, were un
coupled on the grade west of the former place
and allowed to run back, three of them lOadct
totally demolished. After this demonstrators
all freight trains on the road were stopped
until further orders, to prevent the assembling
and organization of the strikers. The brake
men demand an advance Of pay from $l.SS tc
50 per day.