The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-12-28
FINANCIAL,
NEW 7'3O GOLD LOAN
SORTHERN PA lIFICRATLROAD Co.,
SECURED BY FIRST MORTGAGE ON RAIL
ROAD AND LAND GRANT.
SAFE! PROFITABLE! PERMANENT!
oFTIIB

We OFFER for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonds Of the
from United States tax and are issued of the follow
ing denominations Coupons, 800, $780, and $1,000;
Registered, 500, $500, $1,000, $4,000, 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.
GOLD PA1MENT.-BOth principal and interest
are payable in American gold coin, at the oflce .of
Jay Cooke Co., New York City-the principal at
the end OF 30 years, and the interest at the rate of
seven and three-tenths per cent. per annum) hall
yearly, fret Of January and July.
S. ling are secured by first and only mortgage on
all the properly and rights of the Northern Pacific
Railroad Company, which will embrace on the COM
/. over two thousand miles Of road, with rolling
stock buildings, and all other equipments.
2. Over twenty-five thousand acres OF land to
every mile of finished road. This land agricultu-
raj timbered, and mineral, amounting in all 20 more
tons, reaching twenty forty miles on each side Of
the track, and extending in broad fertile belt from
Wisconsin through the richest portions of Mime
sofa, Dakota, Montana, Idaho, Oregon, and Wash
iDgton 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 unreserved
grant OF land, the most valuable ever conferred upon
a great national improvement.
THE MORTGAGE.-The Trustees under the
Mortgage are Messrs. Jay Cooke, Of Philadelphia,
and J. Edgar Thomson President Of the Pennsylva-
mia Central Railroad Company. They will directly
and permanently present the interests OF the First
Mortgage bondholders and are required to see that
the proceeds of land sales are used in purchasing aud
bought before maturity at not more than 10 per cent
premium; otherwise the Trustees are to invest the
proceeds OF land sales In United States Bonds or
Real Estate Mortgages for the further security Of
Northern Pacific bondholders. Also, that they have
at all times in their CONTROL as security at least 800
acres of average land to every $1,000 OF outstanding
first mortgage bonds besides the railroad itself and
all its equipments and franchises.
PROFITABLE 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
and obtain more permanent investment, while
still having perfectly reliable security, that
United States 5-20s at their average premium
Yield the present purchaser less than 81 per cent.
gold interest Should they be redeemed in five
years, and specie payments be resumed, they would
nnv pay Ser Vs cent aP pei thesnresent nremnm Wonid
meanwhile be sunk.
yield the investor $40 per cent. gold interest aoso
lutely for thirty years free from United states tgS
sll00 currency invested now in United States 5.2Os
invested now in Northern Pacific 7.SOs will yield per
year in gold ssGao Here is difference IN enngGs n,
to 1e,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 rom Lake Superior across Min
nesota to the Red River of the North-2s8 miles.
the iron is Being rapidly laid, several thousand men
at work the line, 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-
sistent with soidity and wise economy.
| RECEIVABLE FOR LANDS-These bonds will
be at all times receivable, at 110, In payment for
the Company's lands, at their lowest cash price,
BONDS EXCHANG FABLE. The registered
bonds can be exchanged at any time for coupons,
the coupons for registered, and both these can oe
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 or
Banker will supply these bonds in any desired
amount and of any needed denomination, Persons
wishing to exchange stocks or other bonds for these
can do so with any Of our agents, who will allow the
highest 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 own risk, and without cost to the investor.
For further information, pamphlets, maps etc, call
on or address the undersigned, any of the Banks
or Bankers employed to sell this loan
| FOR SALE BY
| JAY COOKE 81 CO..
| FISCAL AGENTS NORTHERN PACIFIC r. r. co.
No. ia South Third street. Philadelphia Corner of Mas
oa,d ToIl sfr Neln YorE M