Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-02-02
FIN ANCIAL.
NEW 7-3O GOLD LOAN
OF THE
Northern Pacific Railroad Company.
'seeureddy First Mortgage on hai1road and
Land Grant,
SAFE PROFITABLE PERMANENT!
JAY COOKE e. 90.

~ "A Il IL {" w..
Offer for sale par and accrued interest the First
Mortgage Land Grant Gold Bonds of the Northern
facihc Railroad Company. They are free from
United States Tax, and are issued of the following
denominations Coupons 800, $780, and 81, 900
Registered 300, $500, g. 200, 200 and $4,000,
| With the same entire confidence with which we
| commended Government bonds to Capitalists and
People, we now, after the fullest investigation, re.
! commend these Northern Pacific Railroad bonds
| TO our friends and the general Public
GOLD PAYMENT. Both principal and in
terest are payable in American gold coin, at the
office ofJay Cooke & Co., New York City-the prn
cpa at the end of 80 years and the interest lat the
rate OF seven and three teenths per cent. per an
NUM- half yearly, first OF January and July
PERFECT SAFETY. The bonds we are now
selling, are secured by first and only mortgage
on all the property and rights of the Northern Pa
ciflc Railroad Company, which will embrace on the
completion of the work:
l. Over Two Thousand Miles of Road with roll
ing stock, buildings, and all other equipments
:. over Twenty-Five Thousand Acres of Land to
every mile of finished road. This land agricultural
! timbered and mineral, amounting in all to more
than tity Million Acres, consists of alternate
tons, reaching twenty to forty miles on each side
of the track and extending in broad fertile belt
from Wisconsin through the richest portions of
Minnesota Dakota, Montana, Idaho Oregon and
Washington, TO Puget Sound.
While the Government does not directly guaran.
tee the bonds of the Road, it thus amply provides
for their full and prompt payment by an unre-
served grant of land the most valuable ever con
ferred upon great national improvement.
THE MORTGAGE. The Trustees under the
Mortgage, are Messrs Jay Cooke of Philadelphia
and j. Edgar Thomson, President of the Pennsyl.
vania Central Railroad Company. They will di-
kkectiy 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
purchasing and canceng the bonds of the Com
pany if they can be bought before maturity at not
more than 10 per cent. premium; otherwise the
Trustees to invest the proceeds of land sales in
United states Bonds Real Estate Mortgages for
the further security of Northern Pacific bondhod
ers. Also, that they have at all times in their
troll, as security at least 800 of average land
to every 81 600 Of outstanding first mortgage bonds
besides the railroad itself and all its equipments
and franchises.
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 continent, we
remind those who desire TO increase their income
and obtain more permanent, investment while
still having perfectly reliable security, that:
United States 5-20's 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 weuld
really pay Az per cent. if in three years, only
31l per cent. As the present premium would mean
while be sunk.
Northern Pacific 1908 selling at par IN currency
Yield the investor $40 per cent. gold interest alb
solutely for thirty years, free from United States
tax: slloo currency invested now in United States
520s Will yield per year III gold, say s62 Sll00
currency invested now IN Northern Pacific 1905
will yield per year in gold 5000. Here is differ
ence in annual income of nearly onethrd, besides
a difference OF to l0per cent. in principal, when
both classes L $, of DO, DE- are redeemed;
| begun in July last the eastern portion of the
line, and the money provided by the sale to stock
holders Of some SIX millions of the Company's
| bonds to build and equip the road from Lake Su.
peror across Minnesota to the Red River of the
| North-233 miles. The grading on this division is
fseveral thousand men are at work on the line, and
| the first of August next this important section
of the road will be in full operation. In the mean
time orders have been sent to the Pacific for
the commencement 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 consistent with solidity and
| RECEIVABLE FOR LANDS. These bonds
will be at all times, before maturity, receivable, at
Ito, in payment for the Companys lands, at their
BONDS EXCHANGEABLE. The registered
bonds can be exchanged at any time for coupons,
the coupons for registered, and both these eau be
terest at any of the principal financial centres of
Europe, in the coin of the various European coun-
| tres
How TO GET THEM Your nearest Bank
or Banker will supply these bonds in any desired
! amount, and of any needed denomination. Persons
wishing TO exchange stocks or 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 hanks NAV
| send money, other bonds, directly to us by ex-
press, and we will send back Northern Pacific
| bonds at own risk and without cost to the in
weston. For further information, pamphlets maps
etc, call on or address the undersigned, any of