Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-08-31
FIyHq.vCEaL.
IANn GRANT RAILROAD BONDS.
THE BEST SECURITY IN THE WORLD.

THE BEST SECURITY IN THE WORLD.
Among the multitudnous securities, which arc
| pressed On the attention of the capitalist none
| offer such tangible and reliable certainty as the
| carefully-selccted bonds of bona fide Railroad
Companies. holding Land Grants from the UNI
ted States Government. ;.
In addition to the advantages, which an ordl-
| nary First Mortgage Bond of a successful rall-
road presents to the Investor, by its tirst-class
security and its ready convertibility at any time,
| into cash, Land Grant Railroad Bond offers
the nearest possible approach to absolute securl-
ity, by its being represented not only by 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 capitalists-men who look to
security above everything, and OF TINS no great
| linos Central Railroad Company, by whose
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 fourshing States in the Union, and,
at the same time, placing the securities of that
| Companv among the most ayorite 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 dozen Com
pan:es holding lands to very large extent,
prominent among which we note the st. Jose n
and Denver City RAILROAD Company, to which
association belong 100000 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 which
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 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
thrifty and growing villages are sprlnglng up IN
every direction, the lands SURROUNDING them BE-
and Stock-raisers. The climate of Kansas Is
mild and agreeable; the winters are short and
snow seldom falls to any considerable uepthi
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 has
been rails ed in South Kansas. Eastern Kansas
presents succession of rich pralries, fertile val
ieys, 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 thlnly 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
| 6U,UU0 acres. or enough TO make clcVen 0IaleS
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 II. II.
Company ever had, us not only by Its construc-
ton i becomes the Middle Route from the At
lantic to the Pacific Ocean, but, by its cutoff
li.e from ST. Joseph to Fort kearney, it secures,
from the start all the passenger and freight
traffic that i: can move, furnishing thereby, ire
spective of the Land Grant, undcnlable 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 Sl4 per acre down to MN
imum OF S4 l8 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 100000 acres
will produce at least Sl,5CQOOO above their
mortgage, which is only s., 50O,O OOO.
The road which is being most substantially
and thoroughly built and is being rapidly hur-
ried to completion, will at once form tne lhost
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 southwes of that rapidly-growlng city.
Immediately on its completion, it is destined 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 an 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 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.
The interests of the bondnoder have been
guarded in every shape and way. The bonds
have thirty years to run from May lo'Q ana
are payable IN gold in the City OF New York.
per annum, payable i'm Gold semi annually,
free Of tax, on the 18th days of Feb and Au-
gust in New York, London, or trankfort-on-
Main, at the option of the holder without notee,
and in the currency OF the country IN Whlcn inc
Coupons are presented. Although these are
counon bonds they NAV be registered in the
owners name with the Coupons on, or they can
he converted into q registered bond by the sur
render Of the Coupons, and the interest pald u
the registered owner at any OF the three points
where the Coupons are payable.
The management of this enterprise is IN the
hands of thorough practical men, and the FL
nancal Agents are the well-knoWn, experienced
banking firm of Tanner s. Co., IL Wall Street,
New York.
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 not
often have the opportunity of placing Their mon
ey for SO long a time on security, producing
more than eight per cent. interest La
gold. e,oo
These bonds are of the denomina' ion OF SlOO
$500 and $1,000 and are tor sale at 81! and ac-
crued interest in currency.
The agents for their sale in this city are Messrs.
w. d. CORSE & CO..
who confidently recommend them as a frst.cass
security and who have already. placed a large
number in the hands Of some of our most pru-