Evening star. [volume] (Washington, D.C.) 1854-1972, 1871-01-24
FINANCIAL,

Offer for safe OF par and accrued interest ue Frst
Mortgage Land Grant Geld Bonds of Tie Norta-
srn PceJic Railroad Company. They are free
from United States Tar, and are Issued Of the
foilo'ring denominations: Coupons $780, $500, and
$1,000 Registered 500, 500, 81 600, 5000, and
SO, 200.
With the same entire confidence with which We
commended Government bonds to Capitalists and
People, We now, after the fullest investigation,
recommend these Northern Pacific Railro I'D bonds
TO our friends and the general public.
GOLD PAYMENT.-Both principal and nterest
are payable in American gold coin at the Office Of
Jay Cooke Co., New York Oity-the principal a:
the end OF years, and the interest (st the rate Of
seven three tenths per cent per annun half carly,
hrst of January and July.
PERFECT SAFETY The bonds We are nov
selling, sresecured By q first and only mortgage
all the property and rights Of the Northern Pacific
Railroad Company, which will embrace on the com
pletion cf the work
/ Over Two Thousand Miles Of Road. with roll
ing stock, buildings, and all other equipments.
Over Twenty two Thousand Acres If Lsnd to
every mile Of finished road. This land, sgricultu-
rai timbered and mineral, amounting in all TO more
than Fifty Million Acres, consists of alternate sec
tions reaching twenty to forty miles each side OF
the track, and extending in broad fertile beltfrom
Nisconsin, through the richest portions OF Mnne-
sofa, Dakota, Montana, Idaho, Oregon and Wash
instou, to Puget Sound.
While the government does not directly guarantee
the bonds of the Road, it thus amply provides for
their full and prompt payment BY an unre.srved
grant oil land, the most valuable ever conferred
upon great national i'm provement
THE MORTGAGE. The Trustees under the
Mortgage, are Messrs. Jay Cooke Of Philatelp PHI a.
and Edgar Thomas President Of the Psansy ania
Central Railroad Company. They will directly and
permanently represent the interests OF the First
Mortgage bond holders, and required to that
the proceeds ~ land safes used in pVrck1Ssnx and
odncstting ne bonds Of the Company il they can be
bought before maturity at not than 10 per cent
premium; otherwise the Trustees 20 invest the
proceeds Of land sales in United States Bends or
Real Estate Mortgages fer the further security
Of Northern Pacific bonsholders. Also, that they
have Of all times in their control, security. at
least 80 acres OF average land 10 every 600 of out
standing first mortgage bonds besides the railroad
ittelf and all its equipments and franchises.
PROfITABLENESs.-Of course, nothing can be
safer thsn tbs bonds of the United States but as the
Government is no longer a borrower, and as the Ma
ton present s not that of preserving its ex
i-tence, but that OF pEvELePING CONTINENT we
reaind those who desire to increase their income
and obtain smore permanent investment, while still
having q perfectly reliable security. that:
United States 20's at their average premium yield
the present purchaser lees than ca per s0d in
terest. Should they be redeemed in five years, and
specie payments be resumed, they would really pay
only "A per cent, if in three years only 81, per
sunk.
Northern Pacific gO's selling al par in currency
yield the investor 10 per cent. gold interest a. 80
lutey for thirty years, free from Usr.t States tar
81 100 currency invested in United States p s
will yisld per year in gold, say So o. SI,IOO chr
| rency invested now in Northern Pacific sos W III
yield per year in gold, SSoS. Here is a difference
aanaal INCOME Of nearly one-Lhtrd, besides q dit
ference Of to 10 per cent in principal, when both
classes OF bonds are redeemed.
TIE ROAD NOW BUILDING.-Work was
| begun in July last on the eastern portion OF the
lines and the money provided BY the sale % stock
holders OF some six millions OF the Company bonds
| to build and equip the road frem Lake Superior
across Minnesota to the Red River OF the North-s,s
| miles. The grading on this division is now well
advanced, the iron 10 bsing rapidly laid; sever Al
thousand are at work on the line, and about the
hrst 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
| commencement 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 may be consistent with soiidity and wise
| economy.
R1ORIvABLE FOR LIABILITIES bond, will
be At all times, before maturity, receivable ct L.
in payment for the Company lands ct their lowest
| cash price.
BONDS BxCHANoBABLR-rhs registered
bonds can be exchanged ut any time for cou pons
the coupons for registered. and both these can be
exchanged for others. payable, principal aud inter.
est ut any Of the principal financial ceaters of In.
rope in the coin OF the various 8uropsan countries
HOW TO GIT THBA.-Your nearest Bank or
\ Banker will supply these bonds any desired
amount, and OF any needed denomination. Persons
wishing to exchange stocks other boads for these
can do % with auy Of our agents. wis will allow
the highest current price for ell marketable securi
l ties.
Those living in localities remote from banks NAV
send money, or other bonds, directly to us by ex.
press and We will send bad Northern Pacific bonds
At our own risk and without cost to the In sstor
Tor further Information, pamphlets, maps etc j.
call on or address the unisrsigned, or any Of the
/! Banks or Bankers EN- ploysd to soil THE loan
For sale by
JAY COOKE 4 CO.,
First National Bank, and principal Banks ana
BshkersJn the city. jaEt.ths,v