The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-01-27
MISCELLANEOUS.
-----------------
FIN -ANCIAL.
New 7-3O Geld Lean
Northern Pacific Railroad Go.
secured by First Mortgage on Railroad
and Land Grant.
SAFE! E!PROFITABLE!p E!pERrANENT
JAY COOKE ~ 90
JAY COOKE ~ 40

OOUAE ~ CO..
Offer for sale at par and accrued ,,,,..,
the First Mortgage Land Grant SsoId
Bonds of the Northern Pacific Railrond
company. They are free from United
states Tax, and arc issued Of the follow.
ing denominations Coupons 800, $500
and 81 200; Registered 800, $500, 81,
900, $4,000 and $4,000.
With the same entire confidence with which We
commended Government bonds to Capitalists and
Peope,we now after the fullest investigation recon-
mend these Northern Pacific Railroad bonds to ou1
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 Ci,y-the principal
az the end OF 30 years, and the interest lat the rate
OF seven and three-tentns per cent per annum) hall
yearly. first OF January and July.
PERFECT SAFETY-Th ponds we are now
selling re secured by first and only mortgage on
all the property and rights OF tbs Northern Pacific
Railroad Company. which will embrace on the COM
pleton OF the work:
l. Over Two Thousand Miles of Road, with roll
ing stock, buildings, and all other equipments.
2. Over Twenty-Five Thousand Acres of Land TO
every mile of finished road. This land agricultural,
timbered and mineral, amounting in ali to more
than Fifty Million Acres, consists of alternate .ee
ions reaching twenty to forty miles on each side OF
the track, and extending in broad fertile belt from
Wisconsin through the richest portions of Minneso-
ta.Dakota, Montana, Idaho, Oregon and Washington.
to Puget Sound.
Whlie tne dHvernment does not directly goarau-
tes the bonds OF the Road It thus amply provides Tor
their full and prompt payment by an unreserved
grant OF and, tt most valuable conferred upon
great national Improvement.
THE mORTGAGE.-The Trustees under
the Nor gage. are Messrs. Jay Cooke Of Philadel-
phia and j. Edgar Thomson, President of the Penn.
sylvanla Central Railroad Company They will di
rectly and permanently represent the interests OF
the hrst mortgage bond holders and are required 10
soc that the proceeds Of land sales are used in pur
chasing and cancelling the bonds OF the Company If
tney can be bought before maturity 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 further Sc
curity OF Northern Pacific bondholders. Also that
they have at all times in their control as security at
ieat 900 acres OF average land every 1000 OF out
standing first mortgage bonds, 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 no longer borrower, and as
the NatioE's present work is not that of preserving
Its existence, but that OF developnga continent we
remind those who desire to increase their income
and obtain more permanent investment, while still
having perfectly reliable security, that:
United States 52O's at their average premium Weld
the present purchaser less than 81 per cent gold in
terest Should tney be redeemed in five years, and
specie payments be resumed, they would really pay
nr in
cent, as the present premium would meanwhile be
sunk.
Northern Pacific 7-3ps selling at par in currency
yield the investor $40 per cent gold interest abso-
lutely for thirty years. free from United States tar
$1,000 currency invested in United States 5-20s
will yield per year in gold, say $62.0O. SLIGO
currency invested now in Northern Pacific
sos will yield per year in gold, s30,s7. Here is
dinerence In annual income of nearly third be-
SIDES di1erence Of Z 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 eastern portion of the
line, and the money provided by the sale to stock
holders OF some six millions OF the Companys bonds,
to build aud equip the road from Lake Superior
across Minnesota to the Red River of the North-223
hes' LIE grazing on tnIs urvIsI0n Is now wen ad-
vanced the iron Is being rapidly laid several thou
sand men are at work on the line, aud about the frat
OF August next this important section OF the road
will be in tul operation. In the meantime orders
have been sent TO 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 an may
be consistent with solidity and wise economy.
RECEIVABLE FOR LANDs.-These
bonds will be at all times before maturity, receiy-
able at Ito. in payment tor the Company's lanA at
their lowest cash price.
BONDS EXCHANGEABLE.- regis
tered bonds can be exchanged at any time for cou-
pons, the coupons for registered and both these can
be exchanged for others, payable principal and in
terest, at any of the principal financial centres o,
Europe, in the coin of the various European coup-
tries.
HOW TO GET THEM.-Your nearest Rank
or Banker will supply these bonds in any desired
amount, and OF any needed denomination. Persons
wishing to exchange stocks other bonds tor these
can do SO with any CT agents. who will allow the
highest current price for ali 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 Bank.
or Bankers employed TO sell this loan.
*FoR SALE BY