The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-02-04
MISCELLANEOUS
FIN NANCIAL.
New 7-3O Gold Loan
Northern Pacific Railroad Co.
Secured by First Mortgage on Railroad
and Land Grant.
"a FE E!.PkOFITABLE! PERMANENT.
law EdAA"~
SAFE! E!PROFITART.E,p ,pUu~.vCrU,
JAY COOKE n GO.

JAY COOKE 4 CO..
Oher for sale at par and accrued im,er..,
the First Mortgage Land Grant Gold
Bonds of the Northern Pacific RaiIrona
Company. They arc free from Un;tea
States Tax, and are issued Of the follow.
ing denominations: Coupons 800, $500.
and 81 900; Registered 500, $500, ST.
600, $4,000 and $4,000.
With the same entire confidence with which wa
commended Government bonds to Capitalists and
Peope,we now,after the fullest investigation recon-
mend these Northern Pacific Railroad bonds to our
friends and the general public. I.....
GOLD PAYMENTs.-Both principal and
interest are payable in American coin, at the Office
or Jay Cooke u Co., New York Chy-the principal
at the end OF 80 years. and the interest lat the rate
OF seven and threetenths per cent per annum) half
yearly first OF January and July,
PERFECT SAFETY-The ponds we are NOW
selling, re secured by first and only mortgage on
all the property and rights OF the Northern Pacific
Railroad Company, which will embrace on the COM
pletion Of the work: .1r.
l. Over Two thousand Miles of Road, with roll
ing stock, buildings, and all other equipments.
2. Over Twenty-Five Thousand Acres of Land 10
every mile OF finished road. This land agricultural
umbered aud mineral, amounting in all to more
than Fifty Million Acres, consists of alternate Sec
lions, 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.
10 Puget Sound.
While the Government does not directly gaaran-
tee the bonds OF the Road it thus amply provides tor
their full and prompt payment by an unreserved
ora nf n 10 nd - a ~
great national i'm provement
THE MORTGAGE.-The Trustees under
the Mortgage. are Messrs. Jay Cooke of Phadel-
phia and j. Edgar Thomson, President Of the Penn
sylvania Central Railroad Company. They will di.
rectly and permanently represent the interests of
the nrst mortgage bond holders, and required 10
see that the proceeds OF land sales are used in pur-
chasing and canceling the bonds OF the Company if
tney can be bought before maturity at not more than
ten per cent. premium; otherwise the Trustees are
invest the proceeds of land sales in United States
Bonds or Real Estate Mortgages for the further Sc.
curity of Northern Pacific bondhoders Also that
they have at all times in their control as security at
eat 500 acres OF average land to every 900 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 Sates but
as the Government is no longer borrower, and AZ
the Nations present work is not that of preserving
| its existence, but that of developing continent we
| remind those who desire to increase their income
and obtain more permanent investment, while still
having perfectly reliable security that:
United States 20's at their average premium Yield
the present purchaser less than 81 per cent gold in
terest. Should they be redeemed in five years. and
specie payments be resumed, they would really pay
only 4} per cent, If in three years. only 81 per
cent, as the present premium would meanwhile be
sunk.
Northern Pacific 7-3ys selling at par in currency
yield the investor $40 per cent gold interest abso-
utely for thirty years. free from United States tao
$1,000 currency invested in United States 5-20s
will yield per year in gold, say $e2.Oo SLIGO
currency invested now ia Northern Pacific
So's will yield per year in gold, sso,s7. Here is a
difference in annual income of nearly onethird, be-
sides difference of to 10 per ceut, in principal,
when both classes of bonds are redeemed.
THE ROAD NOW BUILDING.-Work
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 mpany's bonds
to build aud equip the road from Lake Superior
across Minnesota to the Red River of the North-22S
miles. The grading on this division is now well ad.
vanced, the iron being rapidly laid; several thou
sand men are at work the line, and about the rot
OF August next this important section OF the road
will be in full 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 as NAV
| be consistent with solidity and wise economy.
RECEIVABLE FOR LANDS.-These
bonds will be at all times before maturity, receiv
able at 10. in payment tor the Company's lands al
| their lowest cash price.
BONDS EXCHANGEABLE.- regis
tered bonds can be exchanged at any time tor cou
pons, the coupons for registered and both these car
pe exchanged for others, payable, principal and in
terest at any Of the principal financial centres o
Europe, in the coin of the various European coun
tries.
HOW TO GET TIIEM.-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 Tor 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 ma,
send money, or other bonds, directly to us by ex
press, and we 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, OF any Of the Bank
| or Bankers employed 10 sell this loan.
l. W. FLOR SALE BY
| N n