Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1871-09-08
FINANCIAL
FINANCIAL.
100 GOLD LOAN
OF THE
Northern Pacific Railroad
Rapid Progress of the Work.

The bulldog Of the Northern Pacific Railroad
(begun July last), is being pushed forward
with great energy from both extremities OF the
line. Several thousand men are employed in
Minnesota and on the Pacific coast. The grade
is nearly completed 266 miles westward from
Lake Superior trains are summing over 1870
mi es of finished road, and track laying is
rrpidly progressing toward the eastern border
OF Dakota. Including its purchase Of the st..
Paul Pacific Road, the Northern Pacific Com
pany now has Alb miles Of completed road;
and by September next this will be increased
to at least $50.
A GOOD INVESTMENT. Jay Coo6e Co.
are now selling and unhesitatingly recon-
mend, as a Profitable and perfectly Safe In
yeslment, the First Mortgage Land Grant
Gold Bonds Of the Northern Pacific Railroad
Company. They have 80 years to run, bear
Seven and Three-Tenths per cent. gold interest
(more than 3 per cent. currency ard are SO
cured by first and only mortgage on the EN-
TIRE ROAD AND ITS EQUIPMENTS, and also,
as fast as the Road s completed, on
| $4,000 ACRES OF LAND to every mile
Of track, or 500 Acres for each $1,000 Bond,
r<ghey. are exempt from U. s. Tax P .incipa
and interest are payable In Gold Denomna-
! ons; Coupons, 500 to 81 600; Registered,
500 to $40. 900.
LANDS FOR BONDS. Northern Pacific
1905 are at all times receivable at ten per
cent. ADORE par, in excangs for the Company's
Lands, at their lowest cash price. This rend-
ers then practically Interest Bearing Land
Warrants.
SINKING FUND. The proceeds all sales
of Lands are required to be devoted to the re-
purchase and cancellation of the First Mort.
gage Bonds Of the Company. The Land Grant
OF the Road exceeds Fifty Million Acres
This immense Sinking Fund W Il undoubtedly
cancel the principal Of the Company's bonded
debt before it falls due. With their ample
security and high rate of interest, there is no
investment, accessible to the people, which is
more profitable and safe
Exchanging U. S. Five Twenties. The
success Of the New Government per cent,
Loan will compel the early surrender Of
United States per cents. any holders Of
Five-Twenties are now exchanging them for
Northern Pacific Seven Thrties, thus realizing
handsome profit, and greatly increasing
their yearly income.
OTHER SECURlTlES.-Allm Marketable
Stocks and Bonds will be received at their
highest current price in exchange for Northern
Pacific Seven-Thirties. Express charges ON
money or Bonds received, and on Seven. Thir-
ties sent II return, will be- paid by the Finan-
cial Agents, Full information maps, pamph
let's, ETC., Can be obtained on application at
any agency, or from the undersigned.
FOR SALE BY
JAY COOKE g. 90.
JOHN McLEAR " SON,
General Agents for Delaware.
In Wilmington by Banks and Bankers
generally.
In New Castle by
CLEAVER BROTHERS & co.
In Newport by
J. W. II. WATSON, Cashier.
at Newport National Bank
In odessa by
JOSEPH r. GIBSON, Cashier
at New Castle Co., Nat. Bank
10 Middletown by
JOHN r. HALL, Cashier.
at Citizens National Bank.
In Dover by
J. Il. BATBMAN, Cashier.
at First National Bank.
In Delaware City by
w w. FERRIS, Cashier.
is9-3mw