The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1871-02-07

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NoprrppN p,crrrr y y IN
~ y y } - ''i''' ~ -
Secured by First Mortgage uu Railroad
aud Land Grant.
SAFE pROFITART PERMANENT
3Ai COOKE 60
Uaer for sale Oh psr and accrued interest the
first Nartgsge Land Grsut Gold Bonds Of the
Northern Pacific Railroad COMPANY. They are
fr5a from United States lat. and are Issued Of
thgfallnwinv denomination. coupons SlAa 500
ana iiUan. Registered 500. 500, $1,000, 5000
and tl0uB0.
with The game entire confidence with which
WI, recommended Government bonds 60 capital
I.ta and people. we now. amer tho fullest inyes-
uestion. recommend these Northern Pacific
railroad bonds to cur friends aud the general
public.
( CON pAlAmzr.- Both principal aud interest
are PAYABLE in American gold coin. at the Office
Of Jaw Cooke il Co.. New York City-the princi-
pa at ths end of 20 years and the interest at the
rate Of seven and three.tonths per cont. per an
mum half yearly. first of January and july.
/ Prnrrrr sArrry.-The bonds We are now SCI
ling. ara secured bg first and only mortgage on
/ an the property and rights Of the Northern Pa.
oidr Railroad COMPANY. which Will embrace on
! tbe comuletion of the work
over two thousand milo. OF road. Wit ral.
line stock buildings and ali other equipments.
/ 2. over TWENTY-FIVE thousand acres OF land to
every mile of finished road. This land. aericul.
more than fifty million acres, consists Of alter
4 nate sections. reaching twenty to forty miles on
each side of the track. and extending IN a broad
fertile belt from Wisconsin through the richest
portions Of Minnesota, Dakota, Montana, Idaho,
oregon and Washington to Puget Sound.
While the Government does not directly guar
autee the bonds of the road. II thus amply pro-
yides for their full and prompt payment by an
unreseryod grant Of land, the most valuable ever
conferred upon great national improvement
THE MoRfaAoE.-Ihe trustees uhdef the mort
gage are Messrs Jay Cooke Of Philadelphia ana
). Edgar Thompson, President OIL the fenhsyFA-
MIA Central Railroad Company Ihey wall direct
y ana permanently represent 'ne interest Vi 'iio
llrst Mortgage Bondholdefs, ana arc required
70 see taat the proceeds OF laha saeS arc usea IN
purchasing and canoeing the oonds OF the Com
pany' they can be bought before maturity al
not more thAh ten per cent premium otner"lse
the trustees are to invest the proceeds Of lahd
sales in United States bonds or real estate mort
cages for the further sneurity OF the northern
Paeihe bondhoiders. Also, that they nave at all
times in their CONTROL as security at least 900
acres OF average land to every u 900 OF ontstand-
ms hrst mortgage Dohas' peSueS Tue railroad
itself ana Gil It's equipments ana franchises
PRoffAhLLNIss. course nothing can DC
safer than the oohas Oh 'he ohited STATES Dut 10
the Government is no longer borrower ana as
the Nations present Wofk IS not that OF Preserv-
ing Its existence, but that OF developing CONT
nent, We remind those who desire 10 increase
their income and Obtain mere permanent IN
yestment' while stiI having perfectly reliable
security, that
United States 5-20s at their average premium
Weld the present purchaser less than 8 I-2 pei
cent. gold interest Should they be redeemed
in I'VE years, and specie payment be resumed
thew would really pay only 8 s per cent, or II
in three wears ouly d per cent AZ the present
premium would meanwhile be sunk.
Northern Pacific 7-3os selling at par in curen.
cy Weld the investor 13-lOper cent gold inter
est absolutely Tor thirty years free from United
States tax. SLIGO currency invested now IN
Quilted States 5-zus will yield per year 10 gold,
say so2o3 SLIGO currency invested now in
Northern Pacific Railroad '.50s will yield to1.sl
Here Is a difference 10 annual income Of nearly
oue-third, besides ata~onee Of to oper cent
10 principal when both classes Of bonds ore re'
deemed.
Tur ROAD Now BulDNa.-Notk Was begun in
July lasi 90 the eastern portion Of the line aud
tho money provided, by the sale to stockholders
Of some six millions Of the Company bonds, to
build and equip the road from Lake superior
across Mnuea0la the Red River q the North
z83 miles. The grading on THE division I'd nov
j we'll advanced the iron il being rapidly laid, sew.
ersl thousand men are at worn Oh the line, and
about The arst Of August nest This important sec.
tjon Of the road viii be 10 full operation. Ia the
b meantime orders have been sent 10 the Pacific
: caast FOR the commencement Of the work. whisb
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