The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1871-04-10
FIFE AN GAL.
7-3O GOLD LOAN
OF THE
Northern Pacific Railroad
RAPID PROGRESS OF THE WORK

The building of the Northern Pacific Railroad
begun July last), is being pushed forward with
great energy from both exIremitisa of the line
several thousand men are employed in Minneso-
Ia and on the Pacific coast. The grade is nearly
completed 266 miles westward from Lake gu
periOr; trains are running over $50 miles Of fin
Ished road, and trAck-lsying is progressing Ut
the rate Of one TO two miles per day. Including
its purchase of the 81. Paul Pacific Road, the
Northern Pacific Company now has 4I3 miles of
complete road, and by September next this will
be increased to at least $50.
GOOD INVESTMENT We are now
selling, and unhesitatingly recommend, rs a
Profitable and perfectly Safe investment, the
First Mortgage Land Grant Gold Bonds of the
Northern Pacific Railroad Company. They have
30 years TO run, bear Seven and Three Tenths
per cent. gold interest (more than per cent.
currency and are secured by first and only mort
gage on the ESTIRE ROAD AND Irs EQUIPMENTS,
and also on
$4,000 ACRES OF LAND to every mile
of track, or 500 acres for each 81 900 Bond
They are exempt from Q. 8. Tax Principal and
Interest are payable In Gold; Denominations
Coupons, 800 TO 81, 200; Registered, 500 to
$4,000.
LANDS FOR BONDS. Northern Pa
oihc 1905 are at all times receivable at TEB
CENT ABOVE PAR, in exchange for the Company's
Lands, at their lowest cash price. That is in
addition to their character as a hrst-class prompt
paying Railroad security, these Bonds are in
effect Land Warrants bearing profitable rate of
interest until exchanged for Homesteads, at tan
per cent. premium.
SINKING FUND. The Land Grant oil the
Road exceeds Fifty Million Acres, having an
average soil of great fertility, in climate that
is simply unsurpassed. The Trustees OF she
Mortgage, Messrs. Jay Cooke and j. Edgar
Thomson, are required to devote the proceeds OF
oil Land Sales to the repurchase and cancellation
OF the Compsny's Bonds. This immense Sink
ing FUND will undoubtedly cancel the principal
OF the entire issue of First Mortgage Bonds (now
selling) before they fall due. With their ample
security and high rate of interest there is no in
vastment accessible to the people, which is more
profitable or safe.
EXCHANGING u. 4. FIVE-TWEN-
TIES. In Wow of the Governments expeota-
ton soon TO call for the surrender Of its out stan
ding per cent. Bonds, under the present move
ment for funding the debt at lower interest,
many holders of United States Five. Twenties
are exchanging them for Northern Pacific Seven
Thirtios thus realizing handsome profit, and
greatly in creasing their yearly income.
OTHER sECURHTl &s--ACsE HCI&S.
All marketable Stocks and Bonds will be re-
ceived at their highest current price In exchange
Tor Northern Pacific Seven Thirties. Express
charges on Money or Bonds received, and on
- iniItlcs sent IN return, VIII De psld by the
Financial Agents Agencies for the sale of this
loan are established in nearly every city and i'm
pOrtant town thrOug bout the United States and
Canada. Full information, maps, pamphlets,
etc., can be obtained application at any
agency, or from the undersigned.
For sale by
JAY COOKE l. co.
Philadelphia New York, Washington,
Financial Agents Northern Pacific Railroad Co.
FIRST NATIONAL BANK, MITCHELL d
LTHDE, Rock Island.
FIRST NATIONAL BANK; MANUBAC.
TURERs BANK, Moline.
DEvORE a SHEPPARD; z. E. ROGERS
q son, Port Byron,
LUNT, PRESTON g KRAN.
..,,, Bankers, Chicago, Gen. Agfs,