The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-05
FINANCIAL,
FINANOIAL,
new 7'3O GOLD LOAN
OF THE
GORTHERN PACIFIC RAILROAD Co.,
SECURED BY FIRST MORTGAGE ON RAIL.
ROAD AND LAND GRANT.
SAFE! PROFITABLE! PERMANENT

We offer for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonds Of the
Northern Pacific Railroad Company. They are free
from United States tax and are issued OF the follow
ing denominations Coupons 800, $500, and $1,000;
hegstte,%So req S,UU, s0Ovl SlUOo s2Voo, and SlOO99.
commended Government bonds to Capitalists and
People, we now, after the fullest Investigation,
recommend these Northern Pacific Railroad bonds
to our friends and the general public.
GOLD PAYMENT.-Both principal an6 interest
Jay Cooke & Co., New York City-the principal at
the end OF 80 years, and the interest t the rate OF
seven and three-tenths per cent per annum) half
yearly, first OF January and July.
PERFECT SAFETY.-The bonds now
selling are secured by a first and only mortgage on
all the properly ana rights of the Northern Pacific
Railroad Company, which will embrace on the COM
petition Of the work.
!. Over two thousand miles of road, with rolling
stock, buildings, and all other equipments.
2. Over twenty-five thousand acres OF land to
every mile OF finished road This land, agricutu-
raj, timbered, and mineral amounting in all 50 more
than fifty million acres, consists OF alternate
lions, reaching twenty to forty miles on each side of
the track, and extending in broad fertile belt from
Wisconsin through the richest portions of Mime
sota, Dakota, Montana, Idaho Oregon, and Wash
While the Government does not directly guarantee
the bonds of the Road, 1t thus amply provides for
their full and prompt payment by an unreserved
grant of land the most valuable conferred upon
great national Improvement
THE MORTGAGE.-The Trustees under the
Mortgage are Messrs. Jay Cooke, Of Philadelphia,
and J. Edgar Thomson, President of the Pennsylva-
MIA Central Railroad Company. They will directly
and permanently present the interests OF the First
Mortgage bondholders, and required to see that
the proceeds of land sales used In purchasing and
cancelltng the bonds of the Company If they can 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 bondhoders. Also, that they have
at all times in their CONTROL as security, at least 500
of average land TO every $1,000 of outstanding
first mortgage bonds, besides the railroad itself and
all its equipments and franchises.
PROFITA Bl EN- ESS.-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 a more permanent investment, while
still having perfectly reliable security, that
United States 5-2Os at their average premium
yield the present purchaser less than 81 per cent
gold interest Should they be redeemed in FIVE
years, and specie payments be resumed, they would
only ~ per cent. as the:present premium would
Northern Pacific 79Os selling at par in currency
yield the investor 3lO per cent gold interest abso-
lutely for thirty years free from United States tar.
s11OO currency invested now In United States 52Os
viii yield per year in gold say s62. s11OO currency
invested In Northern Pacdc T30s will yield per
year in gold $50 3d. Here & is difference IN SnnGI M
to 10 per cent. in principal, when both classes OF
THE ROAD NOW BUILDING.-work was begun
in July last the eastern portion OF the line, and
the money provided by the sale to stockholders OF
and equip the road from Lake Superior across Min
| nesota to the Red River of the North-233 miles
Inc grazing on tnlS DIVISION IL now WeH duVhuCeu
the iron is being rapidly laid, several thousand men
at work the line and about the first OF August
| next this important section of the road will be Ia
| full operation. In the meantime orders have been
sent to the Pacific coast for the commencem ent 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 con
sistent with solidty and wise economy.
| RECEIVABLE FOR LANDS.-These bonds will
be at all times receivable, at Ito, In payment fol
the Company's lands, at their lowest cash price.
| BONDS EXCHANGEABLE The registered
! bonds can be exchanged at any time for coupons
the coupons for registered, and both these can bt
exchanged for others, payable, principal and inte
rest at any of the principal financial centres or Eu
rope in the coin OF the various European countries
| HOW TO GET THEM.-Your nearest Bank OF
! Banker will supply these bonds in any desired
| amount, and of any needed denomination. Persons
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 TO us by eX
| press, and we will send back Northern Pacific bond
at our own risk, and without cost to the investor
For further information, pamphlets, maps etc, cal
on or address the undersigned, or any OF the Bank
or Bankers employed to sell this loan.
FOR SALE BY
JAY COOKE a. CO..
| FISCAL AGENTS NORTHERN PACIFIC II. r. co
No. ia South Third street. Philadelphia; Corner Of Mas