The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1871-04-27

RAPID PROGRESS OF THE WORK

The building of the Northern Pacific Railroad, |
(begun July lastl, is being pushed forward with |
great energy from both extremities of the line. !
several thousa men are employed in Minneso- |
Ia and on the Pacific coast. The grade is nearly
completed 366 miles westward from Lake su-
perlor; trains are running over I3O miles of I'm
Ished road, and trsck-lsying Is progressing at
the rate OF one to two miles per day. Includirg
it's purchase of the st. Paul Pacific Road, the
orthern Pacife Company now has 4l3 miles OF
complete road, and by September next this will
be increased to at least 500.
a GOOD INVESTME MI. We are now
selling, and unhestatingly recommend, IS a
Profitable and perfectly safe investment, the
FIrst Mortgage Land Grant Gold Bonds of the
Northern Pacific Railroad Compans. They have
3O years TO run, bear Seven and Three Ten he
per cent gold interest tmore thar - per cent.
currency and are secured by first n only mort
gage 90 the ENTIaE ROAD AND ITS EQUIPMENTS,
and also
23,OOo ACRES or LA Nd to every mile
OF track, 500 acres for each 81, 900 Bond.
They are exempt from Q, S. Tax; Princi pal and
Interest are pay able in Gold; Denominations ::
Coupons, SlVV to $1,000; Registered, $l0O to
| SlO,O coo
LANDS FOR BONDS. Northern Pa
cife 7-90s at all times receivable at TAN PER
| CENT. ABOVE PAR, in exchange for the Company .
Lands, at their lowest cash price. That 10 in
/
| paying Railroad security, these Bond are in
effect Land War ants bearing prohtabis rats OF
interest Cd til exchanged for Homesteads, at ten
per cent. premium.
| SINKING FUND. The Land Grant of the
Road exceeds Fifty Million Acres, having 81
average soil of great fertility, in 9 climate tha
is simply unsurpassed. The Trustees of th'
Mortgage, Messrs. Jay Cooke and j. Edgs
Thomson, are required to devote the proceeds o
I'm - Al II.ts
of the Compsny's Bonds. This immense Sink
ing Fund will undoubtedly cancel the principe
of the entire Issue of First Mortgage Bonds tno,
selling) before they fall due. With their ampl
security and high rate of interest there is no in
vsstment accessible to the people, which is NOR
profitable or safe.
EXCHANGING u. q. FIVE-TwEN
TIE. In view of the Governments expects
tion to csll for the surrender of it's outstan
ding per cent. Bonds, under the present NOV,
ment for funding the debt at lower interes
many holders of United States Five Twenti,
are exchanging them for Northern Pacific seve,
Thirties, thus realizing handsome profit, al
greatly in creasing their yearly income.
e OTHER iEs-AG ENCIEs
6 All marketable Stocks and Bonds will be r.
ceived at their highest current price IN exchsn
for Northern Pacific Seven Thirties. Expre
4. charges on Money or Bonds received and c
seven Inirties sent IN return, VIII ne paio by u
Financial Agents Agencies for the sale Of tn
loan are established in nearly every city and il
portspt town throughout the United States Al
Can ada. Full information, maps, psmph'si
etc., can be obtained on application at al
agency, or from the undersigned.
For sale by
JAY COOKE l. co.
Philadelphis, New York, WssbingtO
Financial Agents Northern Pscifo Railroad
h FIRST NATIONAL BANK, MITCHELL
LYNpE, Rock Island.
FIRST NATIONAL BANK; MANUBA
TURERs BANK, Moline.
!. DgvoRE SHEPPARD; Z. E. RoGBF
:, SON, Port Byron,
t LuNT, PRESTON 6 KEAE.
to Bankers, Chicago, Gen. Agfs.
a. fsb4deod w3m