The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-02-01
MISCELLANEOUS.
FIN ANCIAL.
New 7-3O Gold Loan
OF THE
Northern Pacific Railroad Go.
Secured by Fiist Mortgage on Railroad
and Land Grant.
JAY COOKE A. CO

~A OUDAE ~ CO..
Oher for sale at par and accrued in,erest
the First Mortgage Land Gram, call
Bonds of the Northern Pacific R.u-.
Company. They are free from U,;,.a
States Tax, and are issued Of the follow,
ing denominations: Coupons 500. $500.
and VI 200; Registered 500, $500, 81 :.
600, S5,O and $4,000.
Win the same entire confidence with which we
commended Government bonds to Capitalists and
we hoW'ater 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 City-the prpcioa,
the end OF 80 years, and the interest lat the rate
seven ana three-tentns per cent. per annum) half
yearly, FIRST OF January and july
| PERFECTHSFETY- ponds we are nov
se'nng' { re secured by first and only Itgage on
all the property and rights OF the Northern Pacific
Railroad Company, which will embrace on the CON-
| pleton OF the work:
| 1. Over Two Thousand Miles of Road with roll.
| ing stock, buildings and all other equipments.
z Over Twenty-Five Thousand Acres of Land ,o
every mile OF finished road. This land agricultural
umbered and mineral, amounting in all to more
tnan Fifty Million Acres, consists of alternate Sec
ons reaehng twenty to forty miles on each side OF
tne tfack and extending in broad fertile belt from
Wisconsin through the richest portions of Minpeso.
ta.Dakota, Montana, Idaho Oregon and Was,in,ton
| to Puget Sound.
Whiie the Government does not directly p,aran
lee the bonds OF the Road it thus DIV provides for
tneir full and prompt payment by an unreserved
grant OF land IL most valuable ever conferred upon
great national Improvement.
THE MORTGAGE.-TheT Trustees nnae,
the Mortgage, are Messrs. Jay Cooke of Philade,
phia and D. Edgar Thomson, President of the Penn.
syivanla Central Railroad Company. They will di
rectly and permanently represent the interests of
the nrst mortgage bond holders, and are required 10
see mat the proceeds OF land sales are used in pur
CHASING ana cancelling the bonds OF the Company if
they can be bought before maturity at not more than
ten per cent. premium; otherwise the Trustees are
10 invest the proceeds of land sales in United States
Bonus or Real Estate Mortgages for the further Sc.
cnrity OF Northern Pacific bondholders Also that
they have at all times in their control as secur;tv a
ieat oo0 acres OF average land every zoo OF out
standing first mortgage bonds, husides the railroad
ltseI ana all its equipments and franchises
FHOFATABLENESS.- course nothing
can De SAFER than the bonds of the United States but
as the government is no longer borrower and as
Tue NauoEs present work is not that of preserving
It's existence, but that of developing continent wa
remind those who desire to increase their income
and obtain more permanent investment while still
having perfectly reliable security, that:
ontea states . 2Os their average premium Weld
the present purchaser less than 81 per cent gold in
tSrest Should they be redeemed in five years. and
specie payments be resumed, they would really nav
only 81 per cent, or if in three years only 81 Der
CENT, as the present premium would meanwhile be
sunk.
northern Pacific 7-Sjs selling at par in currency
yei tne investor $40 per cent gold interest abso-
lutely for thirty years. free from United States tar
$lOoo currency invested in United States 5-20s
Will Yield per year in gold, say $4,000. $l1OO
currency invested now in Northern Pacific
3O's will yield per year in gold, $3o,s7 Here is a
difference IN annual income of nearly one. third be-
sides difference Of to 1oper 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
hhe, and the money provided by the sale to stock
hoders OF some six millions OF the Company rs bonds
TO bulld aud eq zip the road from Lake Superior
across Minnesota 10 the Red River of the Nortb-ooa
miles, The grading on this division is now well adj
vanced, the iron is being rapidly laid several thou
sand men are at work the line, and about the first
OF august next this important section of The Ioad
will he in full operation In the meantime orders
have been sent TO the Pacific coast for the com
mencement OF the WORK the western end in early
Spring aud thereafter the work will be pushed. b,h
eastward and westward, with as much speed as NAV
be consistent with solidty and wise economy.
RECEIVABLE FOR LANDs.-Tbess
bonds will be at all times, before maturity. receiv
able at 110 in payment tor ths Company's lands at
their lowest cash price.
BONDS EXCHANGEABLE,- regis
tered bonds can be exchanged at any time for con-
pons' The coupons for registered and both these can
DC exchanged for others, payable principal and in
terest at any of the principal financial eentras NJ
europe, in the coin of the various Euronean conn
tries.
HOW TO GET THEM.-Your nearest Bank
or Banker Will supply these bonds in any desired
amount, and OF any needed denomination. Persons
wishing to exchange stocks other bonds for these
can do SO with any of agents, who will allow ths
highest current price for ali marketable securities
Those living in localities remote from banks. NAV
SEND money, or other bonds, directly to us by ex-
press, and we will send back Northern Pacific bonds
at our ewn risk, and without cost to the investor
For further information, pamphlets, maps, etc., calf
on or address the undersigned or any OF tue Banks
or Bankers employed to sell this loan.
*FOR SALE BY