THE IRRIGATION AGE. 



243 



BASIC VALUE OF IRRIGATION BONDS 



.The accompanying article the clearest explanation of the basicvalue nf irrigation bonds is reproduced from the proof sheets of a 

 book which will soon be issued by the well known bond house of Trowbridge & Niver Co.. First National Bank building, Chicago. 



Copyright by Trowbridge & Niver Co., an<l Published by Permission. 



In discussing with our customers one particular 

 class of securities we seek simply to give information. 



We are dealing here with bonds which are not 

 well understood. Irrigation, on a broad scale, is 

 rather a new subject of popular interest. It deals with 

 lands which are arid and yet so fertile that the arti- 

 ficial application of water makes farming immensely 

 profitable. And investors in general are awakening to 

 the fact that the securities based on these projects are 

 of the most desirable class. 



nominations as low as $100. This opens the way to the 

 small investor in a manner not usual with other good 

 issues of bonds. 



As a result, the best selling bonds that we handle 

 today are Irrigation Bonds. A very large percentage of 

 our business is done in them. With the spread of edu- 

 cation regarding these bonds, the demand is increasing 

 fairly by leaps and bounds. And we feel that we are 

 doing our customers a service in contributing to that 

 education. 



Palisade Colorado, Grand Valley. Full bearing orchards in this district sell at $2,000 per acre and upwards. They produce from $500 to Sl,20t> 

 per acre in a season. Eight hundred cars of fruit valued at $3,200,000 were shipped from here in the season of 1908. 



With those who know, Irrigation Bonds are al- 

 ready popular. The security behind them is a first lien 

 on the most productive farm lands in America. The 

 interest return is liberal, and higher than it will be 

 when the bonds become better known. The bonds are 

 generally issued in serial form, with widely different 

 dates of maturity. So one may secure either long or 

 short-time bonds. And the issues are frequently in de- 



But it should be remembered that our attitude always 

 is that of unbiased advisers. We have little reason for 

 urging investors into any particular channels. ' OUT ^ 

 province, as a bond house, is to follow the trend of in- 

 vestment to supply what our customers want. Our 

 success depends, and has always depended, on supplying '' 

 (he best securities of the classes in widest demand. 



The enormous business of Trowbridge &' Niver Co. ' 



