Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-08-26
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T.AND GRANT RAILROAD BONDS.
THE BEST SECURITY IN THE WORLD.

Among the mutitudnous securities, which are
pressed on the attention of the capitalist, none
offer such tangible and reliable certainty as tns
carefully-selected bonds Of bona hde kal!roao
Companies, holding Land Grants from the UNI
ted States Government.
In addition to tho advantages, which an ordi-
nary First Mortgage Bond of a successful rail-
road presents to the Investor, by its hrst.clasS
security and its ready convertbility at any time,
into cash, Land Grant Railroad Bond offers
the nearest poss bile approach to absolute securl-
ity, by its being represented not only, oy com
pleted aud equipped road, but by the additional
pledge of lands at least equal in value to the
amount of the bonds issued
The effect of this is, to place the bonds in the
hands of shrewd capitalsts-men who look TO
security above everything, and u OF TINS no greaS-
linois Central Railroad Company, by whose
owners the State of Illinois has, in the course OF
few wears. not only been built up and popu-
lated, but has also been freed from debt, con-
vertng that State from barren waste into one
of the most fourishing States IN the unioIs and,
at the same time, placing the securities, OF that
Company among the most favorite on the Mar
kets of the World.
Msnv of the companies whose roads are now
in course Of construction, own land grams on a
small scale, but there are about dozen Com
panies holding lands to very large extent,
prominent among which we note the St. Jose IN
and Denver City Ralaoad Company, to which
association belong l,70O 900 acres of the finest
lands in Kansas and Nebraska.
This road is located in Missouri, Nebraska and
Kansas the progress of the two former OF winch
States, is too well known to require 1urtner allu-
sion thereto.
Kansas, which is the nearest and most prom
ising State beyond the Missouri border, is rapid
ly filling up with hardy agricultural settlers,
and there is every indication, that 1t will soon
possess one of the most productive populations
:, Al no1pDipa both from the
East and Europe, are locating in the State, and
thrifty and growing villages are springlng up IN
every direction, the lands surrounding them be-
ing quickly purchased and occupied by Farmers
and Stock-raisers. The climate of Kansas is
mild and agreeable; the winters are short and
snow seldom falls to any considerable depth
the soil is adapted to the cereals and all the
fruits and vegetables of the Eastern States; hemp
and sorghum are common crops, and cottGn mas
been raised in South Kansas. Eastern Kansas
presents succession OF rich prarles, 1ertne VAL
teys, grass-covered hills with an abundance of
yellow oak, black Walnut, elm, hickory, syca-
more, Eastwood and other timber, along the
streams. The middle is more thinly wooded,
but the west has many extensive tracts OF forest,
the best requisites of the finest grazing country.
The more important mineral 1 prooucts are gran
ite, gypsum and coal. The entire area is 81
100000 acres, or enough to make eleven States
of the size of Massachusetts,.
From this, it is evident that the st. Joseph and
Denver City Railroad Company has even bet
ter prospect, than the Illinois Central K. 4.
Company ever had, as not only by its construc-
ton it becomes the Middle Route from the At
lantc to the Pacific Ocean, but, by its cutoff
li1e from ST. Joseph to Fort Kearney, it secures,
from the start, all the passenger and freight
traffic that it can move furnishing thereby, ire
spective of the Land Grant, undeniable 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 $l4 per acre down to q min
imum OF S4 l8 per acre. it will be seen that, II
this Company should realize only "a per acre
for their lands, without taking. INTO any account
the profits of their traffic, their 1,UOOO acres
will produce at least 81, 100000 above their
mortgage, which is only S5,5U,OOO.
The road. which is being most substantially
and thoroughly built and is being rapidly hur-
ried to completion, will at once form the most 81
the United States. 1t will shorten the time and
distance between San Francisco and the cities OF
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 rapldly-growlng clty.
Immediately on its completion, it is destined to
receive large share of the business gong East
or West, beyond the Missouri River and Its
managers have shown wise foresight, IN equip
ping the line with abundance OF rolling stock
of all kinds, to meet the demand that Is sure TO
arise
That the great advantages Of this road have
been appreciated BY capitalists is shown by the
rapdty with which its bonds have been taken
up. Only 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 a 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
Of the road.
guarded 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 rate of Eight per CT.
per annum, payable i'm Gold seml-annua!ly,
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 may be registered IN the
owners name with the Coupons on, or they can
be converted into registered Dond Dy Ine sur,
render of the Coupons and the interest PAID TO
the registered owner at any OF the three points
where the Coupons are payable.
The management of this enterprise Is IN tne
hands of thorough practical men, and the FL
nsncial Agents are the well-knoWn, experienced
banking firm of Tanner q Co., IL wall otreet
New York.
Altogether it is believed that no loan was ever
offered in this market, which combines every ell
ement of security with such high rate of IN.
terest, and it is certain that Capitalists 90 moi
often have the opportunity of placing their mon
ev. for 30 long time on q security, producing
more than eight per cent. interest in
gold. e,oo
These bonds are of the denomination OF $loo
$500 and $1,000, and are tor sale at 91t and ac-
crued interest, in currency.
The agents for their sale IN this city are u essrs'
ID q &
who confidently recommend them as hrst, CLASS
..a,,-;4. ,,1 ,,ho baua alreadv Dlacad large