The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-05-05
7-30 GOLD LOAN
OF THE
Northern Pacific Railroad.
Rapid Progress Of the Work.
OF THE

The building of the Northern Pacific Railroad
begun July las 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
running over 19O miles OF finished road and track
laying is progressing the rate Of one to two miles
per day. Including It's purchase OF the st. Paul and
Pacific Road, the Northern Pacific Company now
has 413 miles OF completed road, and by September
dent this will be increased to at least 560
A GOOD INVESTMENT.
We are now selling and unhesitatingly recon-
mend, as 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 mortgage on the EN-
TIRE ROAD AND ITS EQUIPMENTS, and also on
$4,000 ACRES OF LAND
to every mile Of track, SEQ Acres for each $40
Bond. They are exempt from United States Tax;
Principal and Interest are payable in Gold; Demo
limitations Coupons, 500 to s1OOO Registered slOO
to $4,000.
LANDS FOR BONDS.
Northern Pacific 1905 are at all times receivable
at TEN PER CENT ABOVE PAR, in exchange for the
Company's Lands, ut their lowest cash price. That
is, in addition to their character as a drst-cass
prompt-paying Railroad security, these bonds are
in effect Land Warrants bearing profitable rate of
interest until exchanged for Homesteads, at TEN
PER CENT PREMIUM.
SINKING FUND
The Land Grant OF the Road exceeds Fifty Mil
lion Acres having average soil of great fertility,
in a climate that is simply unsurpassed. The Trus-
tees Of the Mortgage, Messrs. Jay Cooke and j.
Edgar Thomson, required to devote the pro-
ceeds Of all Land Sales to the repurchase and
collation. of the Company's Bonds. This immense
Sinking Fund will undoubtedly cancel the principal
Of the entire issue OF First Mortgage Bonds (now
selng) before they fall due.
PROFITABLE AND SAFE.
With their ample security and high rate OF inte-
rest, there is investment accessible to the peo-
pie which is more profitable or safe. In view OF
the Governments expectation soon to call for the
surrender OF its outstanding per cent. Bonds,
under the present movement for funding the debt
at lower interest, many holders OF United States
Five-Twenties are exchanging them for Northern
Pacific Seven-Thirties, thus realizing a handsome
profit, and greatly increasing their annual income.
OTHER SECURITIES-AGENCIEs.
All marketable stocks and Bonds will be received
at their highest current price in exchange for
Northern Pacific Seventhirties. EXPRESS CHARGES
on Money or Bonds received, and on Seven-thrties
sent in return, will be paid by the Financial Agents.
AGENCIES for the sale OF this loan are established in
nearly every city and important town throughout
the United States and Canada Full information,
maps, pamphlets, ETC., can be obtained on appica-
tion at any agency, or from the undersigned