New-York tribune., 1871-12-30
BANKING AND FINANCIAL.
JANUARY COUPONS.

4 PROFITABLE AND SECURE INVESTMENT.
The NuRrHERN Pacific RAILROAD COMPANY Offers
to The PUBLIC an inv, stm,nt security which combines
ihc ready ncgotahility, the convenience. and the
high credit of a lirst-cass Railroad Bond with the
s,i,ty and safety of a Real Estate Mortgage Oh
Land worth at least twice the amount loaned.
1radfc-As officially reported, the gross earnings
of the present Pacific Railroad Union and Central
for 1871 the second year of Though business de-
cemhor EARNINGS estmated). reach Seventeen Mil
lions and Quarter. Of tn. per cent is from
Local business and. it is stated full, - per cent. or
nearly Nine and Half Mil!ion- net over opcr-
ating expenses.
An cuual traffic on the Northern Pacific Road will
pay div yilend of than % per cent on its total
cost With its great ard unGncstioned advantages
in distance grades climate. and tributary fertile
country, the Northern Pacific is assured of a vast
and profitable business from the outset with large
inc rease for the future.
The UcIue of Land G,ants-Thc average price at
which the twcnty-siX leading Land grant Railroads
have thus far sold their lands is 81 O4 per acre-the
highest average of any grant being 1913 s, and the
lowest SO o. With few exceptions the acreage sell
ina prize has stadily ncreased from year TO year. The
Ia lds of the Northern Pacific Road are admitted, by
all who have them, to he better aud more sal
able than those of most other grants, but. sold at
yield more than $l6l 900 per mile Of roadmore than
three times the possible cost of construction and
equipment or, at the lowest average of any grant
| tS3 U1), they will produce than $4,000 per
mile. These facts regarding Pacific Railroad earn
| ings, and the market value Of Railroad Lands as
shown by actual sales to settlers. show the three
fold sccurit ty of Northern Pacific Railroad Bonds
| Consfructon.-The road is now completed across
Minnesota (255 miles,; work is progressing westward
through Dakota, and 85 miles under construction
on the Pacific coast Including purchased lines. the
| Northern Pacific Company now has under it's man.
agement SIS miles of finished track Contracts
| let for the construction Of G35 miles more to be
| finished before the close of 1872
The 7-3O cod Bonds-The first mortgage bonds Of
this Company, wkeh, after fill inrestigaOn str0ngly
recommend as reliable and unusually profitable in
restnent, and phicA nop stand among the solid dsd
Jdpore securities Of the country have the following
| leading features:
/. They are exempt from United States tax; the
Principal and Interest payable in goldthc prn
cipa in 30 years. and the interest sem-annually Mt
| the rate of $40 per cent per annum. DenOmina-
tions. from 800 to $4,000. Present selling price,
par and accrued interest in currency.
:. The bonds are first and only Mort gage the
| Road its Equipments and Earnings, and also on u
Land Grant which on the completion of the Road
will average $500 acres to each mile Of track.
8. They ure ut all times receivable at 10 " cent
premium u.l0). in payment exchange for the Com
panys Land at market prees-a provision which
practically gives the holder the power Of foreclosure
at will
l. The proceeds of all sales of Land are required
to be devoted by the Trustees Of the bondholders
lMcssrs. Jay Cooke and J. Edgar Thomson), W