Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-08-29
FENHrCIAL.
-, FEyv.H.rCXAL. II
LAND GRANT RAILROAD BONDS.
THE BEST SECURITY IN THE WORLD.

pressed on the attentlOn OF Tue capi.aiio', -
offer such tangible and reliable certainty as the
carefully-selected bonds of bona tde Kaliroad
Companies, holding Land Grants from the UNI
ted States Government. r.. -, ~ !:
In addition to the advantages, which an ordl-
nary First Mortgage Bond of successful rall-
security and its ready convertbility at any time,
into cash, Land Grant Railroad Bond oners
the nearest possible approach to absolute secufl-
ity, by its being represented not only, by com
p1eted aud equipped road, but by the additenal ma
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
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 debt, con-
verting that State from barren waste into one
Of the most fourishing States IN the mon, ana,
at the same time, placing the securitles OF tnat
Company among the most 1aVorlte Oh Ine mAi-
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 dozen Com
panies holding lands to very large extent
prominent among which we note the St. jose e2h
and Denver City Railaoad Company, to which
association belong 1,70O,OUD acres OF the hnest
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 allu-
sion thereto.
Kansas, which is the nearest and most prom
isinp 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 State, and
A. WI
every direction, the lands surrounding them be-
ing quickly purchased and occupied by Farmers
and 'Stock-rasers The climate of Kansas is
mild and agreeable; the winters are short ana
snow seldom falls to any considerable dePtn;
the soil IS adapted to the cereals and all the
fruits and vegetables of the Eastern States hemp
and sorghum are common crops, and cotton mas
been raised in South Kansas Eastern Kansas
presents succession of rich prairies, fertile val
ieys, grass covered hills with an abundance OF
yctlow 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 products are gran
ite, GYPSUM and coal. The entire area is o7,-
of the size of Massachusetts.
From this it is evident that the St Joseph ana
Denver City Railroad Company has even pei
ter prospect, than the Illinois Central 4. Il.
ton # becomes the Middle Route from the At
lantic to the Pacific Ocean, but by its cutoff
lie from St Joseph to Fort Kearney, it secures,
from the start, all the passenger and trelght
traffic that it can move furnishing thereby, ire
spective Of the Land Grant, undenlable security
to the boIdholder. 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 por acre down to MN
imum OF $4 IS per acre, it will be seen that II
this Company should realize only "a per poane acre
the profits of their traffic, their 100 ooo acres
will produce at least 81, 500, 600 above their
mortgage, which is only So, 5OO,OOo. -,
The road, which is being most substantially
and thoroughly built and is being rapidly r. nur.
important link in tho great railroad system OF
the United States. Ii 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 10
reach ST. Louis or any part of the country lying
south or southwest of that rapidly growing city.
Immediately on its completion, it s 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 an abundance OF rollng stocK
of all kinds, to meet the demand that is sure to
arise - ,,u.
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 as an nyessmenS a OIL .h .he
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
of the road. w 49,, ,t,. ~ h
guarded in every shape and way. The bonds
Rave thirty years to run from May, 1870; and
arc nayabIe in goldin the City of New York.
They bear interest at the rate of Eight per CT.
per annum, payable i'm Gold seml-annusily,
gust, in New York, London, or Eranktort.on-
Main at the option of the holder, without nouGe,
and in the currency of the country IN which Inc
Counons 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 oono Dy .ne sur, e.
render of the Coupons, and the interest palu 10
the registered owner at any OF the tnree Poifi's
where the Coupons are payable
The management of this enterprise is IN the
hands of thorough practical men, and the ri,
nancia Agents are the weil1knoTn N WI SsRerenct Stet
banking firm of Tanner q TO-, II WAL Oeree''
aitorether it is believed that no loan was ever
offered in this market, which combines every Ell
ement of security with such a high rate OF IN.
terest, and it is certain that Capitalists 40 no'
often have the opportunity of placing their mon
eV. for so long a time on security, producing
more than eight per cent. interest In
These bonds are of the denomination of Sloo,
$500 and $1,000, and are tor sale ats and &C.
crued interest, in currency:
The agents for their sale in this city are Messrs
w. d. CORsE & CO..
who confidently recommend them as tirst,cass
security, and who have already placed q large
number in the hands of some of our most pru-