Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-09-03
FE.r.HJNCEAL.
LAND GRANT RAILROAD BONDS.
THE BEST SECURITY IN THE WORLD.

Among the multitudinous securities when are
pressed on the attention of the capitalist, none
offer such tangible and RELIABLE certainty as Inc
carefully-selected bonds of bona fde Railroad
Companies holding Land Grants from the Uni
ted States Government. ;,
In addition to the advantages, which an ord-
nary First Mortgage Bond of a successful rail-
road presents to the Investor, by its frst.class
into cash Land Grant Railroad Bond offers
the nearest possible approach to absolute securl-
ity, by its being represented not on y, by com,
pIeted aud equipped road, but by the additional
pledge Of lands, at least equal IN value 10 the
amount of the bonds issued.
The effect of this is, to place the bonds in the
hands of shrewd capitalists-men who look TO
security above everything, and of this no great
er evidence is necessary, than the case OF the IL
inois Central Railroad Company. by whose
owners the State of Illinois has in the course OF
Il few wears not only been built up and popu-
lated, but has also been freed from debt con-
vcrting that State from a barren waste into one
of the most h0urishng States in the Union, and
ut the same time, placing the securities of that
Company among the most tavorte on the Mar
kets of the World.
MANY of the companies whose roads are now
in course of construction, own land grants on
small scale, but there are about d dozen Com
pan:es holding lands to a very large extent,
prominent among which we note the ST. Jose IN
and Denver City RAILROAD Company, to which
-
lands in Kansas and Nebraska
This road is located in Missouri, Nebraska and
Kansas. the progress of the two former of which
States, is too well known to require further alu-
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
in the Union. Many colonies, both from the
East and Europe, are locating IN the otSte, ana
thrifty and growing villages are sprnglng 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 agreeablc; the winters are short and
enow seldom falls to airy considerable dGpthi
The soil IS adapted to the cereals and all the
fruits and vegetables Of the Eastern States; hemp
ana sorghum are common crops, and cott1n mas
bre, raised in South Kansas. Eastern Kansas
nreseCts a succession of rich prarles, fertile val
Irvs grsss-covcrcd hills with an bund&nce OF
vctIn1 oui, black Walnut, elm, hickory, syca-
Innrc Lasswspd and other timber, along the
streams The s,iddle is more thnly wooded,
hut tho west tuS launy extensive tracts oil forest,
the best requisites .: The finest grazing country
The more lmportan5 rGincra! products are gran
lite, gypsum and coal. The entire area Is d.
soc, 900 acres. or enough t. make elcFch '''a'''
OF the size of Massachusetts,.
From this, it is evident that tae st. Joseph ana
Denver City Railroad Company MS even q of ~
ter prospect, than the Illinois Cea,tral K. Il.
Company ever had as not only by It's Gonstrat-
ton it becomes the Middle Route from me ne. Az ~
lantc to the Pacific Ocean, but by its c&t-on
lie from ST. Joseph to Fort kearncy, 1t secures,
from the start, all the passenger and freight
traffic that i: can move, furnishing thereby, IRE
spective of the Land Grant, undcnablc security
to the bondholder. When to This Is added the
fact, thut the other Land Grant hailroau Coin-
panes have sold their lands at all sorts OF prices
from maximum of Sl4 per acre down to MIN
imum OF 81 is per acre, it will be seen that, II
this Company should realize only u per acre
for their lands, without taking INTO any account
the profits of their traffic TIER o6 S01e a tbsS
mortgage which is only S5,5OO,GOO. ~
The road, which is being most substantially
and thoroughly built and is being rapidly hur-
ried to completion, will at once form the lhosE
important link in the great railroad system oi
the United States 1t will shorten the time and
distance between San Francisco and the cities or
the East, and is of special Importance to the
traveller from the Pacific Slope, who desires 10
reach ST. Louis or any part OF the country lying
south or southwest of that rapldly-gro"lng CITY.
immediately on its completion, 1t is destlned TO
receive large share Of the business gong East
or West beyond the Missouri River, and It's
managers have shown wise foresight, IN equip
ping the line with all abundance OF rolllng STOCK
of all kinds, to meet tue DEMAND thaI Is sure 70
arise.
That the great advantages CT this road have
been appreciated by capitalists, IL shown by the
rapidity with which its bonds have been taken
up Only Il limited amount OF them remain IN
sold and are looked on as an lnvestmeEo OF the
highest order. The moneys received from Inc
sale OF lands, form y sinking fund for the re
demption of the bonds, and the prospect is, NSt
long before theyfall due, the sale OF the lands
will accumulate sufficient funds, to meet them
without trenching in any way upon the Dusihess
Of the road.
The interests of the bonlnolder have been
guarded in every shape and way. The bonds
have thirty years to run from May, 1917 ana
are payable IN gold in the City OF New 1ork.
They bear interest at the rate OF Eight per Gu.
per annum payable I'm Goid Is Se Rah nnd ~
gust, in New York, London, or Franktort-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
be converted into registered BOND by the sur
render of the Coupons, and the interest pald To
the registered owner at any Of the three points
where the Coupons arc payable
The management of this enterprise Is IN the
hands of thorough practical men, and the NJ
nancial Agents are the wcll-known, experienced
banking firm OF Tanner Co., IL Wall Street.
New York.
Altogether it is believed that no loan was ever
offered in this market, which combines every ell
cmcnt OF security with such hlgh laIe VI IN
terest, and it is certain that Capitalists do not
often have the opportunity of placing their mon
cy, for so long u time on a security, producing
more than eight per cent. interest in
gold. ,,oo
These bonds are of the denomination of $500,
$500 and $1,000, and are tor sale 1914 and &C
crued interest," in currency.
The agents for their sale in this city are cssrs.
w. ID. CORSE Il CO.,
81 s. SO King st.
who confidently reconmc: d them rs tirst-class
security, and who have already sold Il large
amount to some of our most prudent and saga
800 bue;nacc mon aug PIT