The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-03
FINANCIAL.
new 7'9O GOLD LOAN
SORTHERN PA(ITIC RAILROAD CO.,
sECUGED BY FIRST MORTGAGE ON RAIL
ROAD AND LAND GRANT.
SAFE! PROFITABLE! PERMANENrl

We offer for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonds OF the
Northern Pacific Railroad Company. They are free
from United States tax and are issued of the follow
ing denominations ECoupons, slOO, $780, and $1,000;
Registered sOO $500 $1,000 t sOS Scr we
commended Government bonds to Capitalists ana
People, we now, after the fullest investigation,
recommend these Northern Pacific Railroad bonds
to our friends and the general public.
GOLD PAYMENT.-Both principal and interes!
Jay Cooke & CO., New York Cty.the principal at
the end of 80 years. and the interest t the rate OF
seven and three-tenths per cent. per annum) hat
yearly fret OF January and July.
PERFECT SAFETY.-The bonds we are now
selling are secured by first aud only mortgage on
all the property and rights of the Northern Pacific
Railroad Company, which will embrace on the COM
peltlon of the work.
i. over two Thousand miles OF road, with rolling
stock, buildings, and all other equipments.
everv mile of i1Ished road. This land agricultu-
ral timbered, and mineral, amounting IN all 20 more
than fty million acres, consists OF alternate sec
tions, reaching twenty to forty miles on each side oil
the track and extending in broad fertile belt from
Wisconsin through the richest portions of Mime
sofa, Dakota, Montana, ldaho, oregon, ana ASH
! ington to Puget Sound.
| While the Government does not directly guarantee
| the bonds of the Road, it thus amply provides Tor
their full and prompt payment by an unreserved
grant of land the most valuable ever conferred upon
! great national Improvement.
THE MORTGAGE.-The Trustees under the
! Mortgage are Messrs. Jay Cooke, Of Philadelphia,
and j. Edgar thomson, President OF the re fennsysa
MIA Central Railroad Company. They Will directly
and permanently represent the interests OF tne trst
Mortgage bondholders, and are required TO see tnat
the proceeds Of land sales are used in purchasing ana
cancellig the bonds of the Company If they can be
bought before maturity at not more than 10 per cent
premium; otherwise the Trustees are to invest the
| proceeds Of land sales in United States Bonds or
Real Estate Mortgages for the further security OF
at all times in their CONTROL security, at least 800
of average land TO every $1,000 or outstanding
first mortgage bonds besides the railroad itself and
all its equipments and franchises.
PROFlTABL BLEN ESS.-Of course nothing can be
safer than the bonds of the United States, but as the
| n il q
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 5-20s at their average premium
yield the present purchaser less than 81 per cent
years, ,atfGest, Should they be redeemed in hyt
really pay only AZ pen be resumed tney Wouio
only IL per cent. as the:present preniiHff Eears
meanwhile be sunk.
Northern Pacdc 1908 selling at par in currency
yield the investor $40 per cent gold interest abs0
uely for thirty years free from. United States tap
s1l00 currency invested now in United States 500
will yield per year in gold, say s62 s100 currency
invested now in Northern Pacific 1905 will yield pei
year In gold 5000. Here is difference in Grnlta
income OF nearly 0ne-thid besides difference OF
TO 10 per cent. In principal, when both classes o.
bords are redeemed.
THE ROAD NOW BUILDING.-Work was begur
in July last the eastern portion OF the line, ant
the money provided, by the sale to stockholders o.
some six millions OF the Companys bonds, to built
and equip the road from Lake Superior across Min
nesota TO the Red River OF the North-233 miles
The grading on this division is now well advanced
at work the line, and about the first OF Angus
next this important section Of the road will be IL
full operation. In the meantime orders have beer
sent ia the Pacific coast for the commencement Of
the work on the western end in early Spring. ant
thereafter the work will be pushed, both eastward
and westward, with as much speed as may be con
sistent with sodity and wise economy.
RECEIVABLE FOR LANDS.-These bonds viii
be at all times receivable at 110, In payment fol
the Company lands, at their lowest cash price.
BONDS EXCHANGEABLE. The registered
bonds can be exchanged at any time for coupons
the coupons for registered, and both these can St
exchanged for others, payable, principal and inte
rest at any of the principal financial centres OF Eu
rope in the coin OF the various European countries
HOW TO GET THEM.-Your nearest Bank Of
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 thu
highest current price for all marketable securities.
Those living in localities remote from banks ma,
send money or other bonds, directly TO 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.
FOR SALE BY