New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-08-21

Joseph and Denver CITY Bai road will bOd equa .s
with the Hudson River Railroad az nes11 ~, rsroad
communication between the great sysfeS 81 iailola
lying the Atlantic and Pacific slopes OF INC O'A'
Mountains. 1000,
prosperity OF the St. Joseph and Denver CITY
s the exceeding feruity Of the soil ana the sinVf nd
the climate, In the region through which u II Du
what Is more 10 Ia almost the only region wulen
the immigration Of agricultural population
WESTERN ermn Weswsrd The star Of Empire takes
It's way" and all efforts TO divert immigration 70 9
north the south OF the middle parallels, are
with but Indifferent success 10 has always pee, sG
the time OF the incurson OF the Huns under Aa nto
Europe till the present time and IL always wiz De so
People, in their mieratons, have pretty uniformly 1oi,
lowed tho parallel OF latitude under whch theY nav
this pT| country o we find the English the Dutch, and
the Swedes stretched along the Atlantic Coast n0rt OF
the Savannah RyeT while tne , %aS oued ia
Florida, Mexico, and the West Indies. Thus, from the
very nature hngs-the instinct, so TO speak, when
often controls the acton OF even reasonable
line OF the 81. Joseph and Denver City Railroad must
attract a large and steady flow OF population As re-
CARDS to markets. II Is quite AS Isyoraoy slu
ated the greater part OF Iowa and minnesota "ne s
regards home and nearly Iod unoo 10 fnrDisb large
quantities OF food TO the receiving usies whon @io
distant from the western terminus OF tne road, ,h
In the progress OF the railroad toward competlon tne
lands granted by Congress in its aid appreciate rapidly
in value and contribute in Corresponding IatI W ,
security upon which its issue OF bonds Is Based All
railroads constructed this has been, and under similar
auspices, have proved TO be property OF tne oSs SUI
stanal value. But In favor OF this road there Is one
which may be credited to It's good fortune
The value OF the rails laid down. ana OF tne rohs
stock has nearly doubled since their purchase. In uo
advanced cost Of iron we have not only an increase IN
the value OF the road its cost but check upon
the construction Of any competing nes-thus Operating
in q double In It's favor. l., nm ill.,
The st. Joseph and Denver City Railroad Is So me-.
long Its route has presented but few engineering ai
cuties and it been well built at very moderate
cost It's bonds are issued at per cent as were those 9
many other railroads which would now nave no Jill
Guilty in borrowing all that was needed at per cent
Other roads, constructed under similar circumstances
but a few years ago. in excellent credit ING
Denver CitY Railroad ought, IN redlllb W
borrow at per cent, but per cent seems 70 nave
been adopted as the current rate the directors, with
liberal spirit decided not depart from These bonds 10
comparatively small amount, are now on the MARKET 70
complete the equipment Of the road aud meet some
floating obligations such naturally arise in finishing
any great work When the road shall be fully In opera
tiOn earnings and the sale Of It's lands Will PROVIDE
for all calls upon the treasurer OF the Company, iu
Guiding the means TO pay the interest on Is bonus
Other roads, less favoraDly situated, have by THESE
nearly paid for their construction In Few years
and there to doubt that perfect success VIII
attend the present undertaking.