The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-12-29
FINANCIAL,
lNANolAL,
NEW 7'30 GOLD LOAN
OF TIE
SORlHEBN PNIIFE RAILROAD Co.,
SECURED BY FIRST MORTGAGE ON RAIL
ROAD AND LAND GRANT.
SAFE! PRoFlTABLEl PERMANENT

We offer for sale at par and accrued interest the
First Mo Mortgage Land Grant Gold Bonds Of the
from United States tax, and are issued Of the follow
ing denominations Coupons sloO, $500, and $1,000;
Registered, 800, $500, $1,000, 5000, and $4,000.
With the same entire confidence with which we
commended Government bonds TO Capitalists and
People, we now, after the fullest investigation,
recommend these Northern Pacific Railroad bonds
to our friends and the general public
are payabe in American gold coin at the ofiice ,of
Jay Cooke Co., New York Clty-the principal at
the end Of 30 years and the interest at the rate OF
yearly, first OF January and July.
PERFECT SAFEFY.-The bonds we are now
selling are secured by first and only mortgage on
all the properly and rights Of the Northern Pacific
Railroad Company, which win embrace on the COM
l. over two thousand miles OF road, with rolling
stock, buildings, and all other equipments
2. over twenty-five thousand acres OF land 10
every mile OF finished road This land, agricultu-
raj, timbered, and mineral amounting in all 20 more
than fifty million acres, consists OF alternate sec
tons reaching twenty TO forty miles on each side OF
the track and extending in broad fertile belt from
sofa Dakota Montana, Idaho oregon, and Wash
Dgton to Puget Sound.
While the Government does not directly guarantee
the bonds of the Road 1t thus amply provides for
their full and prompt payment by an I nnreserved M
grant Of land the most valuable ever conferred upon
great national Improvement
THE MORTGAGE.-The Trustees under the
and j. Edgar Thomson, President of the Pennsylya-
MIA Central Railroad Company. They Will directly
and permanently re present interests of the First
Mortgage bondhoders and are required to see that
the proceeds Of land sales are used In purchasing and
canceLi'.g the bonds Of the Co1npany If they can oe
premium; otherwise the Trustees are to invest the
| proceeds Of land sales in United States Bonds or
Real Estate Mortgages for the further security or
| Northern Pacific bondholders. Also that they have
at all times in their CONTROL as security at least 500
of average land TO every $1,000 OF outstanding
first mortgage bonds besides the railroad itself and
all its equipments and franchises
| PROFlTA Bl EN- ESS.-Of course nothing can be
safer than the bonds Of the United States but as the
| Government is no longer borrower, and as the
existence, but that OF DEVELOPING CONTINENT, we
remind those who desire to increase their income
still having perfectly reliable security, that
| United States 5-20s at their average premium
ey fss Be- s in e
years, and specie payments be resumed, they would
really pay only "a per cent. OF II ,m ia ,Mree yea,s an
meanwhile be sunk.
Northern Pacific laos selling at par in currency y
lutely for thirty years free from United States tao
s1l00 currency invested now In United States 5-2Os
will yield per year in gold say s62 sll00 currency
invested now in Northern Pacific 1905 will yield per
year in gold ssO3O Here is difference IN annual
income OF nearly One-third, besides difference OF
to 10 per cent in principal, when both classes OF
THE ROAD NOW BUILDING.-work was begun
In July last on the eastern portion OF the line, and
the money provided, by the sale to stockholders OF
and equip the road from Lake Superior across Min.
nesota to the Red River of the NOrth-233 miles.
the iron is being rapidly laid, several thousand men
are at work on the Ie and about the first OF August
next this important section of the road will be In
full operation. In the meantime orders have been
sent to the Pacific coast for the commencement OF
the work on the western end in early Spring, and
thereafter the work will be pushed, both eastward
and westward, with as much speed as may be con-
sstent with solidity and wise economy.
RECEIVABLE FOR LANDS.-These bonds will
be at all times receivable, at 1'0, in payment for
the Company lands, at their lowest cash price.
BONDS EXCIIANGEABLE. The registered
bonds can be exchanged at any time for coupons
the coupons for registered, and both these can De
exchanged for others, payable, principal and inte
rest at any OF the principal financial centres of Eu
rope in the coin OF the various European countries
HOW TO GET THEM.-Your nearest Bank OIL
Banker will supply these bonds in any desired
amount, and OF any needed denomination. Persons
wishing to exchange stocks other bonds for these
can do so with any OF our agents, who will allow the
highest current price for all marketable securities.
Those living in localities remote from banks may
send money, or other bonds, directly To us by eX
press, and we will send back Northern Pacific bonds
at our own risk, and without cost to the investor
For further information, pamphlets, maps, ETC., cal
on or address the undersigned, any OF the Banks
or Bankers employed to sell this loan.
| FOR SALE by
JAY COOKE Il Co..
| FISCAL AGENTS NORTHERN PACIFIC r. r. CO.
. mn