The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-12-31
FINANCIAL
NEW 7'30 GOLD LOAN
OF THE
SOR1HERN PACIFIC RAILROAD Co.,
FINANCIAL
OF THE
SECURED BY FIRST MORTGAGE ON RAIL
ROAD AND LAND GRANT.
SAFE! PRoFITABLEl PERMANENT


First Mortgage Land Grant Gold Bonds of the
Northern Pacific Railroad Company. They are free
ing denominations Coupons siOO, $780, and $1,000;
Registered, slOO, $500, $1,000, 5000, and $1,000.
Win tne same entlre confidence with when we
recommend these Northern Pacific Railroad bonds
TO our friends and the general public.
GOLD PAYMENT.-Both principal and interest
are payable in American gold coin, at the ofllce .of
Jay Cooke 4 Co., New York City-the principal at
the end OF 80 years. and the interest at the rate of
seven and three-tenths per cent per annum) hall
yearly, first Of January and July.
PERFECT SAFETY.-The bonds we are now
selling are secured by a first and only mortgage on
all the properly and rights Of the Northern Pacific
Railroad Company, which will 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 to
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
Wisconsin through the richest portions of Mime
sofa, Dakota, Montana, Idaho Oregon, and Wash
While the Government does not directly guarantee
the bonds of the Road, it thus amply provides for
their full and prompt payment by an unreserved
grant Of land, the most valuable conferred upon
great national Improvement
Mortgage are Messrs. Jay Cooke, of Philadelphia,
and j. Edgar Thomson, President OF the Pennsylva-
mia Central Railroad Company. They will directly
and permanently represent the interests OF the First
Mortgage bondholders, and required to see that
the proceeds of land sales are used in purchasing and
cancellng the bonds of the Company If they can be
bought before maturity not than 10 per cent
premium; otherwise the Trustees are to invest the
proceeds OF land sales in United States Bonds or OF
Northern Pacific bondhoders. Also, that they have
at all times in their CONTROL as security at least 800
of average land to every $1,000 OF outstanding
first mortgage bonds besides the railroad itself and
all its equipments and franchises.
PROFlTABLENE ESS.-Of course nothing can be
safer than the bonds Of the United States but as the
government Is no longer borrower, ana as tne
existence but that OF DEVELOPING A CONTINENT, we
remind those who desire to increase their income
and and obtain a more permanent investment, while
United states 5-2Os at their average premium
yield the present purchaser less than 54 per cent.
gold interest. Should they be redeemed in FIVE
years. and specie payments be resumed, they would
really pay only AZ per cent, or if in three years.
only ! y per cent. as the.present premium would
Northern Pacific 1905 selling at par in currency
yield the investor $40 per cent gold interest abso
utey for thirty years free from United States tdr
s1100 currency invested now in United States 52Os
VIII ed per year In gold say se2 sGS @ SaG
year in gold 5000. Here is difference IN annual
income OF nearly onethird, besides difference OF
to 10 per cent in principal, when both classes OF
THE ROAD NOW BUILDING.-work was begun
in July last the eastern portion OF the line, and
the money provided, by the sale to stockholders OF
some six millions OF the Companys bonds to build
70 'e the 'Y Red River Of the miles
The grading on this division is now well advanced,
tne IRON lS DelDg BeVeTdl men
at work on 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 solidity and wise economy.
RECEIVABLE FOR LANDS.-These bonds will
be at all times receivable, at 10, in payment for
| the Companys lands at their lowest cash price.
BONDS EXCHANGEABLE. 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-
res 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 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., call
on or address the Undersigned or any OF the Banks
or Bankers employed to sell this loan.
FOR SALE BY
JAY COOKE I& CO..
! FISCAL AGENTS NORTHERN PACIFIC r. r. CO.
No. ia South Third street. Philadelphia; Corner of Mas
Sdu and Wall streets, Nel0 York; No. 452 Fifteenth
street, Washington d. c.; by National Banks, and by
Brokers generally throughout the country 1928