Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-09-12
,FIyEAJFCLdL.
LAND GRANT RAILROAD BONDS.
THE REST SECURITY In THE WORLD

LAND GRANT kAlLkOAD sVND''
THE BEST SECURITY In THE WORLD.
Among the multitudinous securities, which are
pressed on the attention of the capitalist none
offer such tangible and reliable certainty US tns
carcfully-selected bonds of bona Tide kal!roau
Companies. holding Land Grants from the Uni
ted States Government: a,n .
Tn addition to Tie advantages, which an ordi-
nary First Mortgage, Bond Of II successful rail-
road presents to the INVESTOR ~ us t,ns
into cash, u Land Grant Railroad Bond offers
the nearest possible approach to absolute secur-
itv, BY its being represented not only, by com
pteted aud equipped road, but by the additlenal
pledge lands at Least ed al IN 'A'o' 10 '"9
The effect Of this is, to place the bonds IN the
hands of shrewd capitalists-mcn who look TO
security above everything and Of this no great
er evidence is necessary, than the case OF the IL
linois Central Railroad Company, by whose
owners the State Of Illinois has, in the course OF
few years, not only been built up and popu-
lated, but has also been freed from dept, con-
yerting that State from q barren waste INTO one
Of the most hourishihg States IN the Unio1s ana,
at the same time, placing the secnrincs OF Iha'
Company among the most la'orlte oi' tii' 1' .
kets Of the World. .,. ........., III }:
I Many Of the companies whose roads are now
| III course Of construction, own land grants on
! small scale but there are about q dozen Com
pan;es holding lands to u very large Gxtehi,
| nromjnent among which we note the st. joseph
and Denver City RAILROAD Company, to which
association belong 100 600 acres. OF tho finest
| lands in Kansas and; Nebraska. .,,,, .:
! This road is located in Missouri n Nebraska ana
Kansas, the progress of the two former Oh when I
States is too,welf known to require further Anu
| sion thereto. ;. ~. - na: ~" ".'','':--
i Kansas. which is tho nearest and most prom
ising State beyond the Missouri border, is rapid
| ly filling up with hardy. agricultural settlers,
and theres every indication ttat 1t Will soon
| in the Union. Many colonies, both from inc
East and Europe, are locating iii the State, ana
thrifty and growing villages are sprlnging up IN
| every direction, the lands surrounding them be-
ing quickly Iurchascd and occupied by FARMERS IS
and iStock-raisers.' The climate of KANSAS IS
mild and agreeable; the winters are short ana
| snow seldom falls. to any considerable dGptn !;
| the soil IS adapted to the cereals and all the
| fruits and vegetables ofthe .EasternSt States hemp
! and sorghum are Common crops, and cotlnn mas
been raised in South Kansas Eastern Kansas
presents succession of rich prairies, fertile val
| ieys, grass-cGvercd hills with an abundance OF
.vetloW oak, black Walnut, elm, hickory, syca-
more, Eastwood: and other timber, along the
streams The middle is more thlnly wooded,
but the west has many extensive tracts OF lorest'
the best requisites of the finest grazing country
| The more important mineral products are gran
| lite, gypsum and coal. The entire area Is 81
| COO, 90 acres or enough to make eleven States
| the size of Massachusetts.
/ From this it is evident that the St Joseph and
| Denver City Railroad Company, has even a bet
| ter prospect, than the Illinois Central H. n.
| Company ever had, rs not only by Its construc-
ton It becomes the Middle Route from the At
lantic to the Pacific Ocean, but, by its cut-o1
lie from st. Joseph to Fort kearner, It secures,
| from the start all the passenger and freight
traffic that it can move, furnishing thereby, ire
/ snectiye of the Land Grant, undcniuble security
to the bondholder, When to this, is added the
fact, that; the other Land Grant Railroad Com
panies have sold their lands at all sorts OF prices
from maximum of Sl4 p0r acre down to a min
imum OF 81 Is per acre, it will be seen that II
this Company should realize only 81 per acre
for their lands without taking INTO any account
the profits of their traffic, their 100000 acres
| will produce at least 81 ooo, UO above their
mortgage, which is only 80, 50O, GD.
The road which is being most substantially
and thoroughly built and is being rapidly hur-
ried to completion, will at once form the most
important link in the great railroad system OF
the United States. 1t will shorten tho tlme ana
distance between San Francisco and the cities or
| the East and is Of special Importance to the
traveller from the Pacific Slope, who desires to
| reach st. Louis or any part OF the country lying
south or southwest of that rapidly growing city.
| Immediately on its completion, 1t Is destned TO
| receive large share of the business gong East
| or West, beyond the Missouri River, and It's
| managers have shown q wise foresight in equip
ping the line with an abundance OF rolling stock
| of all kinds, to meet the demand that Is sure TO
| arise.
been appreciated by capitalists, is shown by the
| rapidity with which its bonds have been taken
| I'D. Only q limited amount OF them remain un-
| sold and are looked on, as an investment OF the
highest order. The moneys received from the
| sale of lands, form sinking fund for the re-
demption of the bonds, and the prospect is, that
| long before they fall due, the sale of the lands
| will accumulate sufficient funds to meet them
without trenching IN any way: upon The business
| oftlYe road.
gusrded in every shape and way. The bonds
| have thirty years to run. from May, 1870 and
are payable IN gold in the City of New York
They bear interest at the. rate0f Eight per CT.
per annum, payable i'll Gold semi annually
free Of tax, on the 18th days Of Feb. and Au-
gust, in New York, London, or Frankfort-on-
Main, at the option of the holder, without notice.
| and in the currency of the country in which the
Coupons are presented. Although these are
| coupon bonds they NAV be registered IN the
owner shame with the Coupons on. or they can
be converted into q registered. bond by the sur
render ofthe Coupons, and the interest PAID. to
| the registered owner ut any ofthe three points
| where the Coupons are payable. .':s-
| The management OF this enterprise is IN the
| hands thorough practical men, and the FL
nancial Agents are the well-knoWn, experienced
banking firm of Tanner ~ Co., IL Wall Street,
| New York. ,.....,...J - ia. J.. =
Altogether it is believed that no. loan was ever
offered in this. market, which combines every ell
ement of secnrity with such a high rate of in
terest and it is certain that Capitalists do not
often have the opportunity ofpsac!ng the'r mon
ey, for solonga time on security, producing
more than eight. per cent. interest in
gold s..,a1.... ], - nj. a,oo
These bonds are of the denomination of 500,
$500 and $1,000. and are tor sale atWl and ac-
crued interest, in currency. $50, :.
+ qhe}agents for their sale in this city are Messrs.
w. ID, CORSE & CO., =
.;,a...:~: !! 81 & SO King st. "~f..s :, =
who confidently recommend them as a first
security; and who have already sold a large
amount to some Of our most prudent and saga