The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-07
FINANCIAL.
NEW 7'SO GOLD LOAN
NORTHERN PAlIFC RAILROAD CO.,
SECURED BY FIRST MORTGAGE ON RAIL
ROAD AND LAND GRANT.
sAFEl PROFITABLE. PERMANENT,

We offer for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonds OF the
Northern Pacific Railroad Company. They are free
from United States tax and are issued OF the follow
Registered' 500, $500, $1,000, 5000, and $1,000
With the same entire confidence with which we
commended Government bonds to Capitalists and
People, we now, after the fullest Investigation,
recommend these Northern Pacific Railroad bonds
to our friends and the general public.
GOLD PAYMENT.-Both principal and interest
are payable in American gold coin, at the Office of
jay Cooke Il Co., New York City-the principal at
the end OF 30 years. and the interest at the rate OF
seven and three-tenths per cent. per annum) half
PERFECT SAFETY.-The bonds we are now
selling are secured by first and only mortgage on
AL the property and rights OF the Northern Pacific
Railroad Company, which will embrace on the COM
peltlon OF the work.
1. over two thousand miles of road, with rolling
stock, buildings, and all other equipments.
2. Over twenty-five thousand acres OF land TO
ral timbered, and mineral, amounting In all 80 more
than fifty million acres, consists OF alternate sec
tions reaching twenty to forty miles on each side o
the track, and extending in broad fertile belt from
Wisconsin through the richest portions of Mime
soto, Dakota, Montana, Idaho, Oregon, and Wash
While the Government does not directly guarantee
the bonds of the Road, It thus amply provides for
their full and prompt payment by an unreserved
great national Improvement.
| Mortgage are Messra. Jay Cooke Of Philadelphia
and j. Edgar Thomson, President of the Pennsylya-
and permanently represent the interests OF the First
Mortgage bondholders and are required to see that
the proceeds Of land Sds are used In purchasing and
cdncetiing the bonds of the Company IL they can be
bought before maturity at not more than 10 per cent
premium; otherwise the Trustees are to invest the
Real Estate Mortgages for the further security OF
Northern Pacific bondholders. Also, that they have
at all times In their control security, at least 800
acres OF average land TO every $1,000 OF outstanding
first mortgage bonds, besides the railroad itself and
| PROFiTABI ENESS~Of course nothing can be
safer than the bonds OF the United States, but as the
| Government is no longer borrower, ana as the
Nations present work is not that OF preserving lts
existence, but that of DEVELOPING CONTINENT, we
remind those who desire to increase their income
and obtain a more permanent investment, While
| still having perfectly reliable security that
United States 5-2Os at their average premium
yield the present purchaser less than So per cent.
gold interest. Should they be redeemed in five
years, and specie payments be resumed, they would
onIV S Ser p cent aa pei thespresent premium would
Northern Pacidc 1905 selling at par in currency
yield the investor $40 per cent gold interest abso
lutely for thirty years free from United States tag
t1100 currency invested now in United States 5-2O
will yield per year in gold say s62 Sl10O currency
invested now in Northern Pacific 1905 will yield pei
year in gold sS03o. Here is difference IN annYa n.
income OF nearly one-third, besides difference or
to Il, per cent. in principal, when both classes o.
In July last the eastern portion OF the line ant
the money provided, by the sale to stockhQldeTs
some six millions OF the Gompsnys bonds to 6qll, bull
nesota to the Red River OF the North-233 miles
The grading on this division Is now we'll advanced
the iron is being rapidly laid, several thousand mel
at work the line, and about the first OF Angus
next this important section of the road will be II
full operation. In the meantime orders have beef
sent to the Pacific coast for the commencement o
the work on the western end In early Spring, ant
thereafter the work Will be pushed both eastward
and westward, with as much speed as may be con
sisent with solidty and wise economy
| RECEIVABLE FOR LANDS.-These bonds VII
be at all times receivable, at 11O, in payment TO
the Company's lands, at their lowest cash price.
BONDS EXCHANGEABLE = The registered
bonds can be exchanged at any time Tor coupons
the coupons for registered, and both these cac D'
exchanged for Others paYab'e principal ana lnte
rest at any OF the principal financial centres OF Eu
rope in the coin OF the various European countries
HOW TO GET THEM.-Your nearest Bank OF
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 our agents. who Will allow th
highest current price for all marketable securities
Those living in localities remote from banks ma
send money, or other bonds. directly to us by ex
press, and will send back Northern Pacific bond
at our own risk and without cost to the investor
For further information pamphlets maps, etc, cal
on or address the undersigned, or any OF the BANK
or Bankers employed to sell this loan.
FOR SALE BY - =
Jay COOKE & Co..
FISCAL AGENTS NORTHERN PACIFIC r. r. co