The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-02-03
MISCELLANEOUS.
FIN ANCIAL.
New 7-3O Gold Loan
Northern Pacific Railroad Go.
Secured By First Mortgage on Railroad
and Land Grant.
Sal n FHOFITABLE! PERMANENT
Il AV CAAEH =
JAY COOKE 4 CO.

OVOAE ~ CO..
Offer for sale mt par and nc.-,..
the First Mortgage Land S,r.n. 80.
Bonds of the Northern Pnct6c R.;,.~.
Company. They are free from U.;,.s
States Tax, and are issued of the faIpov-
ing deneminations: Coupons 800, $500.
and VI 900; Registered 800, $500, 81 :.
600, $4,000 and $4,000.
With the same entire confidence with which wa
commended Government bonds to Capitalists and
People we now, after the fullest investigation, recon-
mend these Northern Pacific Railroad bonds to our
friends and the general public.
GOLD PAYMENTs.-Both PRINCIPAL and
interest are payable in American coin at the office
Of Jay Cooke g. Co., New York Cily-the principal
at the end OF 80 years. and the interest lat the rate
ei seven and three-tenhs per cent per annum) half
yearly. first OF January and july,
PERFECT SAFETY-The ponds we ara now
selling re secured by first and only MORTGAGE on
all the property and rights OF the Northern Pacific
Railroad Company, which will embrace on thu cam.
pletion OF the work: 80
1. Over Two thousand Miles of Road. with roll
ing stock, buildings, and all other equipments.
2. Over Twenty-Five Thousand Acres of Land 10
every mile Of finished road. This land agricultural
timbered and mineral, amounting in all to more
than Fifty Million Acres, consists of alternate sec
lions, reaching twenty to forty miles Oh each side Of
tue track, and extending in broad fertile belt from
Wisconsin through the richest portions of Minneso-
ta,Dakota, Montana, Idaho, Oregon and Washington.
10 Puget Sound.
Whlie tne G9vernment does not directly gIaran-
lee the bonds OF the Road it thus amply provides tor
tner full and prompt payment by an unreseryed
md ~
great national Improvement.
THE MORTGAGE.-The Trustees under
the Nor rgaee, are Messrs. Jay Cooke of Philade-
phia and j. Edgar Thomson, President of the Penn
sylvania Central Railroad Company. They will di
rectly and permanently represent the interests OF
the nrst mortgage bond holders and are required 10
see that the proceeds of land sales are used in
cnas'ng and cancelling the bonds OF the Company II
tney can be bought before maturity at not more than
ten per cent premium; otherwise the Trustees are
10 invest tne proceeds OF land Gales in United States
or Neal Estate Mortgages for the further se-
curlfy oil Northern Pacific bondholders. Also that
they have at all times in their control as security
ieat ooo acres OF average land to every Of out
standing first mortgage bonds besides the railroad
itself and all its equipments and franchises.
PROFITABLENESS. cou,se no,h;p,
can be safer than the bonds of the United States bu
as the Government is no longer a borrower and as
the NatioEs present work is not that of preserving
It's 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 20s at their average premium Weld
the present purchaser less than 81 per cent gold in
'erest. Should tney be redeemed in five years, and
specie payments be resumed, they would really nav
only 81 per cent, or If in three years. only 8! Del
cent, as the present premium would meanwhile be
sunk.
Northern Pacific 7-S3s selling at par in currency
yield the investor $40 per gold interest abso.
lutely for thirty years, free from United States tar
$1,000 currency invested in United States 5-2O's
will yield per year in gold, say $4,000. s1,1OO
currency invested now in Northern Pacific
3O's will yield per year in gold, s3os7. Here is a
difference in annual income of nearly one third be-
sides difference Of to per ceut, in principal
when both classes Of bonds are redeemed.
THE ROAD NOW BUILDING.-Work
was 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 bonds
to build aud equip the road from Lake Superior
across Minnesota to the Red River of fhe orth-22a
miles. The grading on this division is now well ad
'"oSN 'A9 ihoH 10 OoiuS rapu1y lalQ; several thou
sand men are at work the line, and about the fro,
or August next this important section OF the road
will be in full operation In the meantime orders
have been sent 10 the Pacific coast for the com
mencement OF the work on the western end in earlv
Spring and thereafter the work will be pushed. both
eastward and westward. with as much speed as NAV
be consistent with solidity and a wise economy.
RECEIVABLE FOR LANDS.-Thest
bonds will be at all times before maturity receiv
able at 110 in payment tor the Companys lands, al
their lowest cash price.
BONDS EXCHANGEABLE.- regis
tered bonds can be exchanged at any time tor cou
pons the coupons for registered and both these car
De exchanged for others, payable, principal and in
terest at any Of the principal financial centres n
europe, in the coin OF the various European conn.
tries.
HOW TO GET THEM.-Your nearest Rank
or 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 agents, who will allow the
highest current price for ali marketable securities
Those living in localities remote from banks. NAV
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.
*rOR sALEBY