Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-02-09
Wetu advertisements.
FINANCIAL.
NEW 7-3O GOLD LOAN
OF THE
NORTHERN PACIFIC RAILROAD co.
Secured by First Mortgage on Railroad
and Land Grant.
SAFE! PROFITABLE! PERMANENT
JAY COOKE g. co.

Offer for sale at par and accrued interest the First Mort
gage Land Grant Gold Bonds of the Northern Pacific
kaliroad Company They tree from United States
TAX ana are issued OF the following denominations
Coupons $780, $500, and $1,000; Registered $780, $500
sloee, S5,0Go and $1,000
with the same entire confidence with which we co n
mended Government bonds to Capitalists and People
we now after the fullest investigation recommend these
Northern Pacific Railroad bonds friends and the
general public
GOLD PAYMENT.
Both principal and interest are payable in American
gold COIN at the office of Jay Cooke Co., New York
City-the principal at the OF 80 years. and the inter
est a the rate Of seven and three tenths per cent pei
annum) hafyearly, nrst Of January and July.
PERFECT SAFETY.
The bonds we are now selling, secured by hrst'
and only mortgage on oil the property and rights of the
Northern Pacific Railroad Company, which Will embrace
on the completion of the work:
/. over Two Thousand Miles of Road, with rolling
stock bull 'ings, and all other equipments.
q Over Twenty-Five Thousand Acres of Land to ever
mile of finished road This land agricultural timbered
AMI mineral amounting in all to more than Fifty Million
cres consists of alternate sections reaching twenty ID
forty miles each side of the track and extending in
broad fertile belt from Wisconsin through the riches
portions of Minnesota Dakota Montana, Idaho Oregon
and Washington, to Puget Sound
While the Government does not directly guaranteed
the bonds of the Road it thus amply provides for thel
full and prompt payment by unreserved grant ofland
the most valuable conferred upon great national
Improvement
THE MORTGAGE.
The Trustees under the Mortgage, are Messrs. Jay
Cooke of Philadelphia, and Edgar Thomson, President
of the Pennsylvania Central Railroad Company. They
will directly and permanently represent the interests q
the First Mortgage bond holders and required to
that the proceeds Of land sales used puTchdsa
and eancen0 the bonds Of the Company If they can I'D
bought before maturity at than 10 per cent
premium otherw the Trustees invesi the proI
ceeds of land sales in United States Bonds Real Estate
Mortg lges for the further security of Northern Pact
bondholders. Also, that they have at all times in the
CONTROL security least 500 of average land
every $1,000 of outstanding first mortgage bonds besde
the railroad itself and all its equipments and franchises
PROFITABLENESs
or course nothing be safer than the bonds Of tho
United states but the Government ia longer borI
rover, and the Nations present work not that Of
preserving existence, but that of DEVELOPING CON
TIEENT, we remind those who desire to increase the
income and obtain more permanent investment whif
still having perfectly reliable security, that;
United States 5-2Os at their average premium yield
the present purchaser less than 81 per gold inter-
est. Should they be redeemed in Ave years. and spec4
payments be resumed, they would really pay only ~ pc
cent or if three years. only 81 per cent? The pres
emit premium would meanwhile be sunk.
Northern Pacific 1905 ling par in currency yield
the investor 3 per cent gold interest absolutely fo
thirty years free from United Statesar Sl,OO CURRENCY
invested now in United States 52Os will yield per yea
in gold say 5000. LOO currency invested now ID
Northern Pac c 1905 will yield per year in gold
Here is difference annual income of nearly one hTd
besides difference of to 10 per cent. in principal whe
both classes of bonds redeemed.
THE ROAD NOW BUILDING.
Work begun in July last the eastern portion d
the line and the money provided by the sale to stock
holders of six millions of the Companys bonds,
build and equip the road from Lake su eror Min
nesOta to the R, River of the North-2S3 miles. Thd
grading this division is well advanced Theron
being rapidly aid several thousand at work OIL
the line and about the first of August next this mpor
tant section of the road will be in full operation In b
meantime orders have been sent to the Pacific coast fol
the commencement of the work the western end III
early Spring and thereafter the work will be pushed bot
ca tward and westward, with much speed may b
consistent with sodity and a wise economy.
RECEIVABLE FOR LANDS.
These bonds will be all times, before maturity, rel
ceivable at ll0 in payment for the Companys lands
their lowest cash price.
BONDS EXCHANGEABLE.
The registered bonds can he exchanged at any time
coupons coupons for registered. and both these
be exchanged for Others payable principal and interest
any of the principal financial centres of Europe, IND
the coin of the various European countries.
HOW TO GET THEM.
Your nearest Bank Banker will supply these bOnd
in any desired amount and of any needed denomination
Persons wishing to exchange stocks other bonds fol
these can do so with any Of our agents. who will allow
the highest price all marketable securities
Those living in localities remote from banks may send
money other bonds, directly to by express and w
will send back Northern Pacific bonds at own risk
without cost to the investor For further informal
ton pamphlets, maps, etc. call address the under
signed, or any of the Banks Bankers employed sci
this lnan.