The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1871-01-30
SAFE! PROFITABLE! PERMANENT !

We offer for sale at par and accrued interest
the First Mortgage Land Grant Il old Bonds of
the Northern Pacific Railroad Company. They
| are free from United States Tax, and are issued
Of the following denominations Coupons $l0O,
$500, and 81 900; Registered Sl00, $500, 600,
$4,000 and $4,000.
With the same entire confidence with which
we commended Government bonds 10 Capitalists
AID People, now, after the fullest investiga-
tion, recommend these Northern Pacific Rail-
road bonds 10 our frends and he gen eral pu blic
GOLD PAYMEST-Both principal and in
terest are payable in American gold coin, at the
office of Jay Cooke Il o., New Yo:k City-the
principal at the end Of 80 years, and the interest
at the rate of seven ami three-tenths per cent.
per annum) halfyearly, first of January and
July.
PERFECT SAFETY.-The bonds VIC are
now selling, are secured by first and only m ort-
gage on ell the property and rights of the Nor
thern Pacific Railroad Company, which will en-
brace on the completion of the work
!. Over Two Thousand Miles of Road. with
rolling stock, buildings, and all other equip
ments.
?. Over Twenty Two Thousand Acres Of Land
to every mile Of nnished road. This land, sgri-
cultural, imbered and mi inersl, amounting in
all 10 more than Fifty Million Acres. consists of
alternate sections rssching twenty tofoTty miles
on each side OF the track, and extending in
broad fertile belt from Wisconsin through the
Idaho, Oregon and Washington TO Puget Sound.
While the Government does not directly guar
al tee the bonds OF the Rosd, 1t thus amply pro-
vides for their full and prompt payment by an
unreserved grant Of lsnd, the most valuable ever
conferred upon a great national improvement.
THE M0RTGAGE.-The Trustees under the
Mortgage, Messrs. Jay Cooke of Phisdel-
phis, and J. Edgar Thomson, President Of the
Pennsylvsnis Central Railroad Company. They
will directly and permanently represent the in
terests OF the Firtt Mortgage bond holders, an
are required to that the proceeds Of land
sales are used in purchasing and cancelling the
bonds of the Company if they can be bought be
fore maturity at not more than 10 per cent. pre-
N ium otherwise the Trustees srs to iryest the
proceeds of land sEles in United States Bonds
or Real kstate Mortgages for tb furth her seearty
Of Northern Pacific bondhOld.rs. Also. that
they have at all times in their control, securi
ty, at least 5t0 acres of average land TO every
Si,0y0 of outstanding first NJ ortgage bonds, he
sides the railroad itself and all its equipments
and franchises.
! PROFITAELENEsS- course nothing can
be afcr han the nds of the nited States but
as the Government is no Ion ger borrower, and
as TIE Ez:ions present work ia not that of pre-
! servin its existence, but that Of Developing a
Continent, remind those Who dsttre to in
| crease their income and obtain a more permsu-
ent Investment, while still having perfectly re.
| liable security, that:
yie Id the present purchaser less than a! per Ct
| gold interest Should they be redeemed in 1--WE
/ years, and specie payment be resumed, they
would really pay only - per cent or ii 10 'hree
| yearf. only 81 per cent, ss the present
| would meanwhile be sunk
| Nor,bern pacific 7-SO's selling at par in cur
| roncy yield the investor $40 per cent. gold
interest absolutely for thirty years, free from
United States tax. 81 100 currency invested now
| in United States $5-2G's will yield per year in
81 100 tod unu
IN Northern Pacific 7-3G's will yield per year IN
| gold $50 81. Here is difference in annus.
| income Of nearly one-tbird, besides q difference
of to 10 per cent. in principal, when both
classes of bonds are redeemed.
| THE ROAD NOW BUILDING.-workw was
begun in July last on the eastern portion of the
| line, and the money provided, by the sale TO
| stockholders Of some elk millions of the Com
| papy's bonds, TO build and equip the read from
| Lake Superior across Minnesota to the Red Xiv
| err of the North-2S3 miles. The grading on
| this division ia now well advanced, the iron is
| being rapidly laid several thousand men are
| at work on the line, and sbo at the fret OF Au-
gust next this important section of the road will
he 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 there,fter the work will be
| pushed, both eastward and westward. with as
| much speed as may be consistent with soidity
I
| RECEIVABLE FOR LANDS.-These bonds
will be st all timss, before maturity, receivable
| at 10, in payment for the Company . lands, at
| their lowest cash price.
| BONDS EXCHANGEABLE.-Ths registered
bonds can be exchanged at any time for coupons
the coupons for registered, and both these can
be exchanged for others payable, principal and
interest at any of the principal financial centres
of Esrope, in the coin of the various European
cou ntries.
HOW TO GET THEM.-Your nearest an
or Banker will supply these bonds in any desired
amount, and of any needed denomination. Per-
sons wishing to exchange stocks or other bonds
for these, can do so with any of our agents, who
will allow the highest curreut price Tor ali M nf
ketable securities.
Those living in localities remote from banks,
NAV send money, or other bonds. directly to US
by express and we wilf send back Northern Pa
Il ci6c bonds at our own risk and without cost to
the investor. For further inform tion, psmph-
lete maps, etc, call on or address the under
signed or any Of the Benks OF Bankers employed
to sell this loan. For sale by
/ JAY COOKE & CO.,
| Fiscal Agents Nerthern Pacific T. B. Co.