The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-01-26
FIN ANCIAL.
New go Gold Loan
Northern Pacific Railroad Co
Secured by First Mortgage on Railroad
and Land Grant.


JAY CUOAE ~ Co.,
Offer for sale mt 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
ing denominations: Coupons 500, $500,
and 81 900; Registered 800, $500, 81
900, IS 900 and $4,000.
With the same entire confidence with which we
commended Government bonds to Capt. alists and
People now after the fullest investigation recon-
mend these Northern Pacific Railroad bonds 10 our
friends and the general public.
GOLD PAYMENTs.-Both principal and
interest are payable In American coin, at the office
Of Jay Cooke q Co., New York City-the principal
at the end OF 30 years, and the interest lat the rate
OF seven and threetenths per cent per annum) hall
yearly, first OF January and July.
PERFECT SAFETY-The ponds we are now
selling, re secured by first and only mortgage on
ali the property and rights OF the Northern Pacific
Railroad Company, which will embrace on the COM
pletion Of the work:
1. 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,
than Fifty Million Acres, consists of alternate Sec
tons 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-
ia, Dakota, Montana, Idaho Oregon and Washington,
to Puget Sound.
While the Government does not directly puaran-
tee the bonds OF the Road it thus amply provides tor
tneT full and prompt payment by an unreserved
grant OF land, Il most valuable conferred upon
great national Improvement.
.l THE MORTGAGE.-The Trustees under
the Nor gage. are Messrs. Jay Cooke of Phladel-
phia and j. Edgar Thomson, President of The Penn
sylvania Central Railroad Company. They will di
rectly and permanently represent the interests of
the first mortgage bond holders and are required 10
see that the proceeds OF land sales are used in pur
chasing and cancelling the bonds OF the COMPANY If
they 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
tney nave at all times in their CONTROL security at
ieat QUO acres OF average land to every 900 Of out
standing hrst 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 bus
as the Government is no longer borrower, and M
the NatioEs present work is not that of preserving
Its existence, but that of developing continent wa
remind those who desire to increase their income
and obtain more permanent investment while still
haviug perfectly reliable security, that:
United States 20'sat their average premium Weld
tho 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 nav
only l4f per cent or ii in three years. only 3. Ter
cent, a. the present premium would meanwhile be
sunk.
Northern Pacific 1875 selling at par in currency
yielI the investor $40 per cent GOLD interest abso
ufey for thirty years. free from United States tar
$1,000 currency invested in United States 5-2O's
will yield per year in gold, say $4,000. SLIGO
currency invested now in Northern Pacific
SOS will yield per year in gold, $30s7. Here is
diherence IN annual income OF nearly oneth,rd be-
sldes diiference Of to 10per ceut. in principal
when both classes Of bonds are redeemed.
THE ROAD NOW BUILDING,-work
was begun in July last the eastern portion of the
me, ana the money provided by the sale to stock
holders OF some SIX millions OF the Com 3 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 adj
vanced the iron Is being rapidly laid several thou.
sand men are at work on the line, about the first
Of august next this important section OF the road
will be in tull operation. In the meantime orders
have been sent 10 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 sOlidiiy and wise economy,
RECEIVABLE FOR LANDs,-These
bonds will be at all times before maturity, rsceiy-
able at LILO. in payment tor the Companys lands at
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 can
be exchanged for Others payable, principal and in
terest, at any of the principal financial centres OF
Europe, in the coin OF the various European coun-
tries.
HOW TO GET THEM.-Your nearest Bank |
u Banker will supply these bonds in any desired |
amount, and OF any needed denomination. Persons
Wishing to exchange stocks other bonds Tor these
AN do so with any CT our agents, who will allow the
highest current price for ali marketable securities
Those living in localities remote from banks NAV |
end money, or other bonds directly to us by e.-
'ress, and we will send back Northern Pacific honda
It our own risk, and without cost to the inves,or
For further information, pamphlets, mars etc. c,1,
N or address the undersigned, or any OF the Banks
r Bankers employed to sell this loan.