New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-06

INVESTMENTS OF THE PAST AND PRESENT.
GOVERNMRNT BONDS AND RAILWAY LOANS.


GOVERNMENT BONDS AND RAILWAY LOANS.
The merits of investment securities are canyassed
and discussed to a great extent at the present time
i'm consequence of the immense amount Of money to
be diAbursed in January for the account Of interest
and dividends. During the rebellion the people, i'm
PEELED by strong feelings Of patriotism, invested a
very large portion Of their surplus money in Govern
mcnt bonds. At intervals the gigantic struggle for
the life Of the nation assumed dubious aspect, and
the outlook was gloomy IN the extreme; but the
people continued to pour their money into the Gov
eminent Treasury in exchange for Government
bonds. The noble and generous manner in which
the American people responded to the call Of the
Government for money must ever remain one Of tho
brightest examples Of patriotism the civilized
world affords. The final result Of the great
struggle and the rapid stride Of the country in
prosperity, have amply repaid q patriotic pco-
pie for the financial assistance rendered to
their country in the time Of need When the gold
premium reached its highest point the legal tender
notes OF the Government worth only thirty-iiye
cents in gold on the dollar and at this jnncure large
amounts Of Government bonds were bought by the
people These same bonds are now selling at par or
a premium i'm gold, thus showing very large profit
to parties holding them mp to represent time. 1t IS
no longer considered patriotic duty to invest IN
Government bonds, bat, on the contrary, the Gov
ortncrt i anxious 10 have the people sell its bonds
to the Treasury i'm order to decrease the debt more
RAPIDLY than can be done by calling in the bonds on
three months, notice. The chances for large profits
on Government bonds matter OF the past. Ihi5
has caused the people look elsewhere for the i'll
vestmeut of their money, so that they can
Obtain n falr rate of intcTest-not possible in
Government bonds at their present quotations
and at the same time feel that they have "a
security closely approymating that Of Govern
meut bonds. The favorite investment at present,
and for some years past the bonds of hrstcas5
railways. The drift Of investment capital Is now
running largely into the bonds of new railways,
which have valuable land grants in ropuons sec
tions and a good future. Prominent among this
class of securities are the PER CENT GoLb FIRST
MORTGAGE SINKING FUND LAND GRANT BoNDs OF
THE ST Jo,EPu AND DENvER CITY RAILROAD CONF
PANY. WE,riRV Division. This enterprise is in
process # rapid construction, and is nearly COM
plcted II will extend from st. Joseph TO Fort kcar-
nov forming an air line between the two points,
and greatly decreasing the distance between the
Atlantic and Pacific coasts, which will divert to 1t
n LARGE portion of the through traffic The line
of the road is well populated which lnsureS "a
good local traffic from the start. In addition
the Company has i grant of 100000 acres Of
fertile and valuable lands. That portion of the road
in opcraton is n complete success The lands cannot
br sold for less than four dollars per acre, ana ihe
FARMERS LOAN AND TRUST COMPANY use al the
proceeds in the retirement OF the bonds OF the Conn
pany Thus it will be seen that this loan - sur
rounded by great and unusual safeguards. The
principa aud interest of the bonds both payable
in gold the interest free of tax.
The greater part Of the loan has already been all
sorbed by investors conversaut with its merits. We
are offering the limited amount Of the loan now un
sold at or and accrued interest in currency. In re-
commencing the 5 PER CENT GOLD FIRST MORTGAGE
SINKING FUND LAND GRANT BONDs OF THE ST. Jo-
sEPH AND DENVER CITY RAILROAD COMPANY WEST
EEN DIVISION, we would respectfully call the aiten-
ton of investors the important fact that the bonds
of the Eastern Division sold by lis at 91l are now
current at i01l to 1927 and accrued interest.
TANNER Il Co.. Bankers, No. II Wall-st