The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1871-04-26

FINANCIAL.
7-3O GOLD LOAN
OF THE
Northern Pacific Railroad
RAPID PROGRESS OF THE WORE
RAPID PROGRESS OF THE WORK.

The building OF the Northern Pacific Railroad,
begun July lasi) is being pushed forward with |
great energy from both extremities of the line. |
several thousand meL employs ed in Minneso- |
l and on the Pacific coast. The Craze is nearly
completed 2o6 mills westward from Lake Su
peror; trains are running over i3O miies OF fn-
Ished road, and trAck-lsying is progressing at
the rate of one to two miles per day. Includir
ats purchase of the St. Paul Pacific Road, the |
Northern Paoihs Company now has Ala miles of
complete road, and By September next this will
be increased TO at least $50.
A GOOD INVESTMENT We are now
ceiling, and unhesitatingIy recommend, SIS q
Prontabls and perfectly safe investment, the
| First Mortgage Land Grant Gold Bonds of the
Northern Pacific Railroad Comrany. They have
| 30 years to run, bear Seven and Three Tenths
| per cent. gold interest (more than = Der cent.
| currency and secured by first nd only mort
| gage the ENTIRE Road AND ITS EQUIPMENTS
| and also en-
23,O0o ACRES OF LAsD to every mile
| of track, or 500 acres for each ST. 600 Bond.
| They ars exempt from g. S. Tax Princi pal and
| Interest are ysble in Gold; Denominations !:
Coupons, size to $1,000; Registered 500 to
81 0,00O
AAkDs FOR BONDS. Northern Pa
cifc 7-3es are at all times receivable at rEN PER
CENT. ABOVE PAR, in exchange for the Company q
Lands, at their lowest cash price. That is in
,ddition TO their character Sc irst-elsss prompt
paying Railroad security, these Bopds are in
effect Land War ants bearing profitable rate of
interest until exchanged for Homesteads, at ten
per cent premium.
SINKING FUND. The Land Grant OF the
Road exceeds Fifty Million Acres, having al
average soil of great fertility, in g climate that
Is simply unsurpassed. The Trustees of th'
Mortgage, Messrs. Jay Cooke and J. EGgal
Thomson, are required to devote the proceeds o
all Land Sales to the repurchase and cancellation
| of the CompIny's Bonds. This immense Sink
ing Fund will undoubtedly cancel the principa
ef the entire issue of First Mortgage Bonds inoy
sellingl before they fall due. With their ampI
security and high rate of interest there is il
, vsstment accessible to the people, which is NOR
profitable or safe
EXCHANCING u. 3. FTVE-TwEN
. TIE. In view of the Governments expeeta
ton sooS TO cali for the surrender of its outstan
ding per cent. Bonds, under the present move
:, ment for funding the debt st lower interes
I, many holders OF United States Five Twentic
z are exchanging them for Northern Pacific sever
ThIrties, thus realizing handsome profit, an
: greatly in creasing their yearly income.
OTHER SECURIEI ES-AG -
All marketable Stocks and Bonds will be re
ceived at their highest current price in exchang
for Northern Pacific Seven Thirties. Expires
charges on Money Bonds recsived, and o
Seven Thirties sent in return, will be paid by II
. Financial Agents. Agencies for the sale Of tn
loan are established in nearly every city and in
portAut town throrg ghout the United States an
Cansds. Full information, maps, pamphlet
etc.. can be obtained on application at an
agency, from the undersigned.
For sale by
JAY COOKE & co.
ID Philadelphia New York, wssbingto
Financisl Agents Northern Pscifc Railroad c
mi FIRST NATIONAL BANK, MITCHELL
ne LYKDE, Rock Isltnd
FIRST NATIONAL BANK; MANURA(
I. iTURERs BANK. Moline.
DEvoRH b SHEPPARD; z. E. ROGER
- SON, Port Byron,
LUET, PRESTON & KEAN.
"a Bankers, Chicago, Gen. Agfs.
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