The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-04-24
7-30 GOLD LOAN
OF THE
Northern Pacific Railroad.
Rapid Progress Of the Work,

The building OF the Northern Pacific Railroad
[begun July las is being pushed forward with great
energy from both eXtremities OF the line. Several
thousand men are employed in Minnesota and on
the Pacific coast. The grade is nearly completed
266 miles westward from Lake Superlor; trains are
running over 1870 miles of finished road, and track
laying is progressing at the rate of one to two miles
per day. Including its purchase of the st. Paul ana
Pacific Road the Northern Pacific Company now
has 413 miles OF completed road, and by September
dent this will be increased to at least $780,
A GOOD INVESTMENT.
We are now selling and unhesitatingly recon-
mend, as Profitable and perfectly Safe investment,
the First Mortgage Land Grant Gold Bonds Of the
Northern Pacific Railroad Company. They have 80
years to run, bear Seven and Threetenths per cent
gold interest (more than per cent currency, and
are secured by first and only mortgage on the EN-
TIRB ROAD AND ITS EQUIPMENTS, and also on
$4,000 ACRES OF LAND
to every mile OF track, or 500 Acres for each $40
Bond. They are exempt from United States Tax :
Principal and Interest are payable in Gold; Demo-
limitations: Coupons 500 to $1,000; Registered, 500
to 100000
LANDS FOR BONDS.
Northern Pacific 7-sos all times receivable
at TEN PER CENT. ABOVE PAR, in exchange for the
Company's Lands, at their lowest cash price. That
is In addition to their character as hrst-class
prompt-paying Railroad security, these bonds are
in effect Land Warrants bearing profitable rate OF
PER CENT. PREMIUM
SINKING FUND.
The Land Grant of the Road exceeds Fifty Mil
lion Acres having average soil Of great fertility,
in climate that is simply unsurpassed. The Trus-
tees Of the Mortgage, Messrs. Jay Cooke and ].
Edgar Thomson, are required to devote the pro-
ceeds of all Land Sales to the repurchase and can
collation. of the Company's Bonds. This immense
Sinking Fund will undoubtedly cancel the principal
of the entire issue of First Mortgage Bonds (now
seling) before they fall DUE
PROFITABLE AND SAFE.
With their ample security and high rate of inte-
rest there is investment accessible to the peo-
pie which is more profitable or safe. In view Of
the Governments expectation soon to call for the
surrender OF its outstanding per cent Bonds,
under the present movement for funding the debt
| at lower interest," many holders Of United States
| Five-Twenties are exchanging them for Northern
| Pacific Seven-Thirties, thus realizing handsome
profit, and greatly increasing their annual income.
| OTHER SECURITIES-AGENCIEs
| AL marketable Stocks and Bonds will be received
| at their highest current price in exchange for
| Northern Pacific Seven thrties. EXPRESS CHARGES
| on Money Bonds received, and on SeVen-thirtes
sent In return, will be paid by the Financial Agents.
AGENCIES for the sale OF this loan established n
nearly every city and important town throughout
the United States and Canada. Full information
maps, pamphlets, etc., can be obtained on applica
tion at any agency, or from the undersigned.