The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-02-02
MISCELLANEOUS.
FIN A NCIAT.
New 7-3O Gold Loan
Northern Pacific Railroad Go.
Secured by First Mortgage on Railroad
and Land Grant.
SAFE! E!PROFETABLE!P E!PERmANENr
JAY COOKE ~ Cn

'SAA CVasAE ~ co.
Uner nor sale ut par and accrued interes,
NAortsnge Land Grant Gold
no""s Oh the Northern Pacific Railroad
company. They are free from UJm;,.a
States Tax, and are issued or ,h. f.,,.~1
ing denominations: Coupons 500, $500.
and ~ 900; Registered 500, $500. 81.
600, $4,000 and $4,000.
With thesame entire confidence with which we
commended Government bonds to Capitalists and
People,we now after the fullest investigation recon-
mend these Northern Pacific Railroad bonds to our
friends and the general public.
GOLD PAYMENTS.-Both principal and
interest are payable in American coin at the Office
OF Jay Cooke & Co., New York Ciiy-the principal
at the end OF 30 years. and the interest lat the rate
Oh seven and three-tenths per cent per annum) baf
yearly, first OF January and july.
PERFECT SAFETY-Th ponds we are now
selling re secured by first and only morto.oa on
all the property and rights OF the Northern Pac;c
haliroad Company, which will embrace on the com.
pleton Of the work.
l. over Two Thousand Miles of Road with roll
ing STOCK, buildings, and all other equipments,
e over twenty-five Thousand Acres of Land TO
every mile OF finished road. This land agricultural
than Fifty Million Acres, consists OF alternate Sec
tions reaching twenty to forty miles on each side 81
the track, and extending in broad fertile belt from
Wisconsin through the richest portions of Mipneso.
ta,Dakota, Montana, Idaho, Oregon and Wasbinoton
to Puget Sound.
While the Government does not directly p,aran
Zee the bonds OF the Road it thus amply provides for
their full and prompt payment by an unreseryed
grant Of land II most valuable conferred upon
great national Improvement
THE MORTGAGE-The Trustees under
the Nor gage are Messrs. Jay Cooke of Philadel.
phla and j. Edgar Thomson, President of the Penn
sylvania Central Railroad Company. They will d.
rectly and permanently represent the interests of
the first mortgage bond holders and are required TO
see that the proceeds OF land sales are used in pur
cnaslng and cancelling the bonds OF the Company If
tney can De bought before maturity at not more than
ten per cent premium; otherwise the Trustees are
10 invest the proceeds of land sales in United States
bonds or Real Estate Mortgages for the further Sc.
CURRY OF Northern Pacific bondholders. Also that
they have at all times in their control as securty at
ieat QUO acres OF average land every 81 600 Of out
standing first mortgage bonds, besides the railroad
Itself and all its equipments and franchises
PROFITABLENESS. course nothing
can be saier than the bonds of the United States but
as the government is no longer borrower and as
the NatioE's present work is not that of preserving
Its existence but that OF developing continent. we
remind those who desire to increase their income
ana obtain more permanent investment, while still
having a perfectly reliable security, that:
onitea states -2O'sat their average premium yield
the present purchaser less than 81 per cent gold in
terese. Should they be redeemed in five years, and
specie payments be resumed, they would really pay
ner pnrf
cent, as the present premium would meanwhile be
sunk.
Northern Pacific 7-3ys selling at par in currency
yield the investor $40 per cent gold interest abso
utely for thirty years. free from United States tar
$1,000 currency invested now in United States 5a,s
will yield per year in gold, say $1,000. S1,1OO
currency invested now in Northern Pacific
SOS will yield per year in gold, S3Os7. Here is a
dinerence IN annual income of nearly third be-
sides difference Of to 10 per ceut in principal
when both classes Of bonds are redeemed.
THE ROAD NOW BUHLDING.-Work
was begun In July last on the eastern portion of the
line. and the money provided by the sale to stock
holders OF some six millions OF the Company bonds
to build aud equip the road from Lake Superior
:.
miles. The grading on this division is now well ad-
vanced, the iron IS being rapidly laid several thou
sand men are at work the line and about the frat
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 tor the com
mencement OF the work ON the western end in earlv
Spring and thereafter the work will be pushed both
eastward and westward with as much speed as NAV
be consistent with solidiy and a wise economy.
RECEIVABLE FOR LANDS.-Tbese
ponds Will be at all times. before maturity, recev-
able at 10. in payment tor the Companys lands, at
their lowest cash price.
BONDS EXCMANGEABLE.-T regis
tered bonds can be exchanged at any time Tor cou-
pons the coupons for registered and both these can
De exchanged for others, payable principal and in
terest at any of the principal financial centres OF
EUROPE IN the coin of the various European conn
tries.
HOW TO GET TIIEM.-Your nearest Rank
OF Banker will supply these bonds in any desired
amount, and OF any needed denomination Persons
wishing to exchange stocks or other bonds ior these
can do SO with any Of our agents, who will allow tho
highest current price for all marketable securities
Those living in localities remote from banks. NAV
send money, or other bonds, directly to us ty ex-
press and we will send back Northern Pacific bonds
at our own risk, and without cost to tue investor
For further information, pamphlets, MAPS etc., cali
on or address the undersigned, or any Of the Banks
or Bankers employed to sell this loan
*FOR SALE nv