Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-08-30
FI.v.7.VCIHL.
T-ANn GRANT RAILROAD BONDS.
THE BEST SECURITY IN TIE WORLD.

Among the mu tltudlnOuS securities, Wilieh a. :
pressed on the attention OF the csp!ais' noho .ho
carefully selected bonds of bona tide Kallroau
Companies, holding Land Grants from the UNI
| ted States Government. .-....,. ;.
In addition to the advantages, which an erd,-
nary First Mortgage Bond of successful rail-
road presents to the Investor, by its hrst-class
security and its ready conyertibility ut any time,
| into cash. a Land Grant Railroad Bond oilers
the nearest possible approach to absolute securi-
ity, by its being represented not only, by a com
pfeted aud equipped road, but by the additional
pledge of lands, at loast equal IN value to 1he
| amount of the bonds issued.
The effect of this is, to place the bonds in the
hands Of shrcwd capitalists-mcn who look to
security above everything, and OF this no great
er evidence is necessary, than the case OF the IL
| lnos Central Railroad Company, by whose
owners the State OF ILLINOIS mas IN tne course OF
few years, not only been built up and popu-
lated, but has also been freed from debt, con-
yerting that State from barren waste into one
of the most hourishing States in the Union, and,
at the same time, placing the securities, OF that
Company among the most favoritc on The Mar
kets of the World.
MANY of the companies whose roads are now
in course of construction own land grants on a
small scale but there are about dozen Com
pan:es holding lands to very large extent,
prominent among which we note the St Jose IN
and Denver City RAILROAD Company, to which
ASSOCIATION DelOnS i, ilOU" dClcS VI IHo niie"o
lands in Kansas and Nebraska.
This road is located in Missouri, N Nebraska and
Kansas, the progress of the two former OF when
States is too well known to require further allu-
sion thereto,
Kansas, which is the nearest and most prom
ising State beyond the Missouri border, is rapid
ly iling up with hardy agricultural Settlers
and there is every indication, that it Will soon
possess one of the most productive populations
in the Union Many colonies, 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 k-raisers The climate of KANSAS is
mild and agreeable; the winters are short ana
snow seldom falls to any considerable depth
the soil is adapted 70 the cereals and all the
fruits and vegetables of the Eastern States; hemp
been raised in South Kansas. Eastern Kansas
presents succession of rich praries, fer tile val
Toys, grass-coyered hills with al abundance OF
yellow oak, black Walnut, elm, hickory, syoa-
more, Eastwood and other umoer, along tne
stre4ms The middle is more thnly wooded,
but the west has many extensive tracts OF forest,
the best requisites of the finest grazing country.
The more important mineral products are gran
ite gypsum and coal. The entire area is 81
600, 900 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. K.
Company ever had, MS not only by Its construc-
ton it becomes the Middle Route from the At
lantic to the Pacific Oeesn, but, by its cutoff
lile from ST. Joseph to Fort kearney, it secures,
from the start, all the passenger and freight
traffic that il can move, furnishing thereby, ire
spcctive of the Land Grant, undeniable security
to the bondholder. When to this Is added the
fact, that the other Land Grant Railroad Com
panes have sold their lands at all sorts of prices,
e., of GA nor down to min
imum OF 81 lo 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 l7UOOO0 acres
will produce at leat east, S520oGo0 = 5e0 oo0 ABOVE 'her
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 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 CITY.
Immediately on its completion, 1t Is destlned 10
receive large share of the business gong hast
or West beyond the Missouri River, and It's
managers have shown wise foresight, IN equip.
ping the line with an abundance OF rolling stock
of al 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
rapidity with which its bonds have been taken
up Only limited amount of them remain un-
sold and are looked on az an investment OF the
highest order The moneys received from the
sale of lands, form a sinking fund for the re-
dempton of the bonds, and the prospeGt is, tnat t
Wilt accumulate sufficient funds TO meet them
without trenching in any way upon the business
Of the road ;.
guarded in every shape and way. inc GO PONDS s
are payable in gold in the City OF New York.
They bear interest at the rate of Eight per ct.
per annum, payable i'll Gold seml-annusily,
free Of tax, on the 18th days OF Feb and Au-
gust, in New York, London, or Frankiort.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
owners name with the Coupons on, or they can
be converted into registered bond by the sur
render of the Coupons and the interest Palu u
the registered owner at any OF the three poihls
where the Coupons are payable
The management of this enterprise is IN the
hands Of thorough practical men, ana the III,
nancial Agents are the well-knoWn, experienced
banking firm of Tanner u Co., IL Wall Street.
New York.
Altogether it is believed that no loan was ever
offered in this market, which combines every ell
ement @m 1T of security with such high rate Of in.
teres and is certain that Cspta1b 40 mn0 oo.
ev for so long a time on q security, producing
more mo e than eight per cent. interest III
These bonds are of the denomination of SlO0
$500 and $1,000, and are tor sale at 9It and sc-
crued interest, in currency.
The agents for their sale in this city are Messrs
w. ID. CORSE & CO..
who confidently recomme- d them as q tirst,class
security, and who have already. placed large
number in the hands of some of our most pru-
dent and sagacious citizens. aug I'll