The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-23
FINANCIAL.
NEW 7'36 GOLD LOAN
NORTHERN PACIFIC RAILROAD CO.,
SECURED BY FIRST MORTGAGE ON RAIL
ROAD AND LAND GRANT.
sAFEl PRoFlTABLEl PERMANENrl

We offer for sale at par and accrued interest the
Fist Mortgage Land Grant Gold Bonds OF the
NOlthMelh Mh ~ iaeno hal,road Company. They are free
ing denominations :S-COupons. 500, $500 and $1,000:
Registered SiOO, $780, slOOO s5OOO aud $4,000.
With the same entire confidence with which we
commended GovernHent bonds to Capitalists aud
People, We now, after the fullest investigation,
recommend these Northern Pacific Railroad bonds
tC our friends and the general public.
fOLD PAYMENT.-Both principal and interest
al payable in American gold coin, at the ollce of
Jay Cooke ~ Co.. New York City-the principal at
the END Of 80 years, and the interest at the or
yearly, fret Of January and July.
PERFECT SAFErW-The bonds we are now
ling are secured by first and only mortgage on
all the properly and rights OF the Northern Pacific
Railroad company, which will embrace on the COM
pelnon Of the work -
1. over two thousand miles of road, with rolling
stock, buildings, and all other equipments.
q over twenty-five thousand acres OF land to
every mile OF finished road. This land agrc1ltu-
raj, unbered and mineral, amounting in all 50 more
than nfty million acres consists OF alternate
the track, ana extending in broad fertile belt from
Wisconsin through the richest portions of Mime
s0ta, Dakota, Montana Idaho, Oregon, and Wash
tngtOn 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 unreserved
grant OF land the most valuable ever conferred upon
great national Improvement
THE MOhTGAGE.-The Trustees under the
Mortgage are Messrs. Jay Cooke, CT Philadelphia,
aud j. Edgar Thomson, President Of the Pennsyva-
MA Central Railroad COmpany They will directly
and permanently represent the interests or the First
Mortgage bOndhOlders, and are required to that
the proceeds Of land sa are used in D,trchdsiJ and
cdncetang the bonGS Of the Company If they be-
bought before maturity at not more than 10 per cent
premium; otherwise the Trustees are to invest the
proceeds OF land sales In United States Bonds or
Real Estate Mortgages for the further security OF
Northern Pacific b0ndhoders, Also, that they have
at AL times in their control, as security, at least 300
acres Of average land TO every $1,000 OF outstanding
first mortgage bonds, besides the railroad itself and
all lis equipments and franchises.
PROFi1ABl ENE OF course nothing can be
safer than the bonds OF the United States but the
Government is no longer borrower, and as the
Nations present work is not that OF preserving its
existence, but that OF DEVELOPING A CONTINENT, we
remind those who desire to increase their income
and obtain more permanent investment, while
still having perfectly reliable security that
Unitcd States 5-2Os at their average premium
Aeld the present purchaser less than 5h per cent.
gold interest Should they he redeemed in i've
years, and specie payments be resumed, they would
really pay only 4}s per cent, or II in three years,
ony ~ per cent. as the.present premium would
meanWhle he sunk.
NcrbCrn pacI1C .3Os selling at par in currency
yield the investor 3-0 per cent. gold interest ab1O
lutty for thirty years free tTo7H United StIteS taG
100 curTcucy stpd nov In United States 5-2O3
viii yield pei year in gold say S62 sl100 currency
invested now in Northern Pacific 73Os will yield per
year in gold ssO3 30 Here is difference IN annual
income OF nearly OHe-third, besides difference OF
10 ~ per cent III principal, when both classes or
THE ROAD NOW BUuDING.-work was begun
in July last on the eastern portion of the line, aud
The money provided, by the sale to stockholders OF
some six millions or the COmpanVs bonds to build
ana equip the road rom Lake Superior across MIN
nCsUta to the Red River Of the North -233 miles.
Inc RfHul on thS DIVISION IL now Well advanced,
the iron is being rapidly laid several Thousand men
are at work on the liLe, and about the first 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 Oh the western end in early Spring and
thereafter the work VIII be pushed, both eastward
and westward, with as much speed AZ may be con-
sstent with sOdity and wise economy.
RECEIVABLE FOR LANDS.-rhese bonds will
be at all times receivable at 1'iO in payment for
the Con pany's lands, at their lowest cash price.
BONDS EXCUANGEABLE.- The registered
| bonds can be exchanged at any time for coupons,
! the coupons for registered aud both these .ce
exchanged for others, payable, principal and inte-
rest, at any OF the principal financial centres OF Ed
rope IN the coin OF the various European countries.
HOW TO GET THEM.-YOur nearest Bank or
| Banker viii supply these bonds in any desired
wishing to exchange stocks other bonds for these
| can do so with any of our agents. who will allow the
highest current price for all marketable securities
Those living in localities remote from banks May
| send money, or other bonds. directly 80 by eX-
press, ana will send back Northern Pacific bonds
For further information, pamphlets maps, etc. CAL
on or address the undersigned, any OF the Banks
or Bankers employed to sell this loan.
| FOR SALE BY
JAW COOKIE Il CO..
| FISCAL AGENTS NORTHERN PACIFIC r. r. co
No 1l4 South Third street. PhiJGdephja Corner Of Mas
Sdu ana HdU streets, NelO York; No. asp Fifteenth
street, Washington, d. c.; by National Banks and bl
Brokers generally throughout the country 1928
WNg. PAINTER g. GO,
General Agents
FOR tOUTHEASTERN PENNSYLVANIA AM
SOIJplERN NEW JERSEY.