The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-01-28
MISCELLANEOUS.
FIN A ANCIAI1.
New 7-3O Gold Loan
Northern Pacific Railroad Go,
seoured by First Mortgage on Railroad
and Land Grant.


JAY COOKE ~ co.
Offer for sale Mt par and accrued in,cre..
the First Mortgage Land Grant GoId
Bonds Of the Northern Pacific Rai,rona
Company. They are free from United
States Tax, and are issued of the follow.
Ing denominations: Coupons 500, $500,
and ~ 900; Registered $1OC, $500, 81
900, $4,000 and $4,000.
With the same entire confidence with which we
commended Government bonds to Capitals and
People,we now after the fullest investigation recon-
mend these Northern Pacific Railroad bonds TO our
friends and the general public
GOLD PAYMENTS.-Both principal and
interest are payable in American coin at the Office
OF Jay Cooke & Co., New York Cny-the principal
at the end OF 80 years. and he interest lat the rate
ei seven and three-tentns per cent per annum bali
yearly, first OF January and Ju,y
PERFECT TSAFETY-Th ponds we ore now
selling re secured by first and only MOI tgage ON
all tne property and rights OF the Northern Pacific
railroad Company, which will embrace on the COM
pletion OF the work.
i. over Two Thousand Miles Of Road, with roll
ing stock, buildings, and all other equipments.
z. Over Twenty-Five Thousand Acres of Land 10
every mile Of finished road. This land agricultural
timbered and mineral, amounting in ali to more
than Fifty Million Acies consists OF alternate Sec
ons reaching twenty to fcrty miles on each side OF
tne tfacx and extending in broad fertile belt from
Wisconsin through the richest portions of Minneso-
ta.Dakota, Montana, Idaho, Oregon and Washington.
to Puget Sound.
While the government does not directly p,aran.
tee the bonds OF the Road it thus amply provides tor
their iull aud prompt payment by an unreseryed
grant OF land Il most valuable conferred upon
great national Improvement.
THE MORTGAGE.-TheT Trustees under
the Nor g'ge are Messrs. Jay Cooke of PhtladeI-
phla and y. Edgar Thomson, President of The Penn
syVaha Central Railroad Company. They will dl
recty and permanently represent the interests of
Tue nrst mortgage bond holders, and required 10
see hat The proceeds OF land sales are used in pur-
chasing aud canceliing the bonds OF the Company II
they can be bought before maturity at not more than
ten per cent. premium; otherwise the Trustees are
TO invest the proceeds of land sales in United States
Bonds or Real Estate Mortgages for the iurther Sc
curly OF Northern Pacific bondholdeIs. Also that
ney nave at all times in their control security at
sat 500 acres ot average land every 900 OF out
standing first mortgage bopds besides the railroad
itself and all ITS equipments and franchises
PROFITABLENESS.- course nothing
can be safer than the bonds Of the United States but
as the Government is longer borrower and as
the Natior's preseat work is not hat of preserving
us existence, but that OF devel1pGg continent we
remind those who desire to increase their income
ana obtain more permanent investment while still
having perfectly reliable security hat:
onitea States 2Tsa their average premium Yield
the present purchaser less than 81 per cent. gold in
teresr. Should they be redeemed in We years, and
specie payments bs resumed they would really nav
only tas per cent, or ii in three years. only 81 per
cent, as the present premium would meanwhile be
sunk.
Northern Pacific 7-3ys selling at par in currency
Yield the investor $40 per cent GOLD interest abso
iutely for thirty years free from United States tar
$1,000 currency invested in Unlte1 States 5-2Os
will yield per year in gold, say $e20o Sl,1OO
currency invested now in Northern Pacific
SOS will yield per year in god, S3Os7. Here is
dnerence IN annual income of nearly third, be-
sides difference of to 10 per ceut, in principal,
when both classes of bonds are redeemed.
THE ROAD NOW BUILDING.-Work
was begun in July last on the portion of the
line. and the money provided by the sale to stock
holders OF some SIX millions OF the Company's bonds
| to build aud eq Zip the road from Lake Superior
across Minnesota to the Red River OF the North-923
miles The grazing on this division is now we'll ad.
Vanced, the iron IS being rapidly laid; several thou
sand men are at work the line, ani about the first
OF august next this important section OF the load
will be in full operation. In the meantime orders
| have been sent 10 the Pacific coast for the com
mencement 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 NAV
| be consistent with solidity and wise economy
RECEIVABLE FOR LANDS.-These
| bonds will be at all times before maturity receiy-
able at 10. in payment for the Company's lands at
their lowest cash price
BONDS EXCHANGEABLE.- The regis
tered bonds can be exchanged at any time for cou-
pons The coupons for registered, and both these can
Dc exchanged for others, payable principal and in
terest at any OF the principal financial centres OF
Europe, in the coin of the various European conn
tries.
HOW TO GET THEM.-Your nearest Bank
| or Banker will supply these bonds in any desired
| amount, and oil any needed denominat tion Persons
wishing to exchange stocks other bonds Tor these
can do SO with any Of our agents, VINO will allow the
highest current price fer 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., CALI
on or address the undersigned or any OF the Banks
or Bankers employed 10 sell this loan.
| *FoR SALE BY
BREWSTER,. SWEET DE- CO.,