Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1871-01-30
FI.S:4.yI1.aL.
NEW 7-30 GOLD LOAN
Northern Pacific Railroad Go.
SECURED BY FIRST MORTGAGE
ON RAILROAD AND --..
LAND GRANT ..
FEN:aN'C1AL.
SAFE PROFITABLE ! PERMANENT
JAY COOKE & co.

Offer for sale ut par and accrued interest the flrst
Mortgage Land Grant Gold Bonds of tho North
ern Pacific Railroad Company They are free
from United States Tax, and are issued of the
following denominations: Coupons, $780, S5oo,
and 81, 900; Registered, $780, SJoO, Sl,OOO, So'oo
and $4,000. ~ =
With the same entiro confidence with which
we commended Government bonds to Capitalists
and People, we now, after the fullest investlga-
ton, recommend these Northern Pacific Railroad
bonds to our friends and the general public.
GOLD PAYMENT Both principal and in
tcrest are payable in American gold com, at the
Office of Jay Cooke l. Co., New York City-thc
principal at the end of 80 years, and the interest
(at the rate of seven and three-tenths per cent
per annum,) half-yearly, first of January and
July.
PERFECT SAFETY-TlIe bonds we are
now selling are secured by first and only mort
gage on all the property and rights of the North
ern Pacific Railroad Company, which will en-
brace on the completion of the work:
l. Over Two Thousand Miles Of Road with
rolling stock, buildings and all other equipments.
9 Over Twenty-Five Thousand Acres Of Land
to every milo of finished road. This land, agri-
cultural, timbered and mineral, amounting in all
to moro than Fifty Million Acres, consists of al
ternate sections, reaching twenty to forty miles
on each side Of the track, and extending, IN a
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 guar
antce the bonds of the Road, it thus amply pro-
vides for their full and prompt payment by an
unrcserved grant Of land the most valuable ever
conferred upon great national Improvement.
THE MORTGAGE--Th Trustees under the
Mortgage are Messrs Jay Cooke, of Philadel-
phia, and J. Edgar Thomson, President of the
PENNSYLVANIA Central Railroad Company. They
will directly and permanently represent the IN
terests of the First Mortgage bondholdcrs, and
are required to see that the proceeds Of tand safes
are used in purchasing and cancelling tho bonds
of the Company if they can be bought before ma-
turity ut not more than 10 per cent. premium;
otherwise the Trustees arc to invest the proceeds
Of land sales in United States bonds or Real Es-
tate Mortgages for the further security of North
ern Pacific bondholdcrs. Also that they have
at all times in their control, security at least
500 acres of average land to every $1,000 of out
standing first mortgage bonds besides tho rail
roud itself and all its equipments and franchises
ENESS.-Ofcourse nothing can
be safer than the bonds of the United States, Dut
Ms the Government is no longer borrower, and
&C tho Nations present work is not that Of pre-
serving its existence, but that OF DEVELOPING a
CONTINENT. we remind those who desire to in
crease their income and obtain more permanent
investment, while still having perfectly relia-
bic security, that:
United States sos, ut their average PREMIUM
yield the present purchaser less than % per cent
gold interest Should they be redeemed III live
years and specie payments be resumed, they
would really pay only Al per cent or if in three
years. only 81 per cent, as the present premium
would meanwhile be sunk.
Northern Pacific 1905, selling Mt par in cur
rency, yield the investor 80 por cent gold in
terest absolutely for thirty years, free from Vnt-
ted Stutes tax. 81, 100 currency, invested now
in United States 5-Us, will yield per year, in
gold, say 5000 Sl,l0O currency, invested now
in Northern Pacific 1905, will yield per year in
gold, 5000 Here is Il difference in annual m
come of nearly ome-thi,a, besides difference OF
to 10 per cent in principal, when both classes of
bonds are redeemed.
THE ROAD NOW BUILDING.-Wor was
begun in July last OF the eastern portion OF the
line, and the money provided, by the sale to
stockholders of some six millions of the Com
pany's bonds, to build and equip the road from
Lake Superior across Minnesota to the Red Riv-
er of the North-233 miles. The grading OH this
division is now we'll advanced, the iron is being
RAPIDLY laid several thousand men are ut work
on tho line, and about the first of August next
this important section of the road will be in full
operation In the meantime orders have been
sent to the Pacific const 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 rs
NAV be consistent with solidty and IL wise econ
omy.
RECEIVABLE FOR LANDS.-These bonds
will be at all times, before maturity, receivable
Mt l. 10, in payment for the Company iahdS' "'
their lowest cash price.
BONDS EXCHANGEABLE.-The register
ed bonds can be exchanged Mt any timo for cou-
pons, the coupons for registered, and both these
can be exchanged for others, payable, principai
and interest, ut any of the principal hnSnc"i
centres of Europe, in the coin of the various hu-
ropean countries. .
HOW TO GET THEM.-Your nearest Bank
or Banker will supply these bonds in any desreu
amount and of any needed denomination rcr-
sons wishing to exchange stocks or other pohus
for these, can do so with any of our agents, VINO
will allow the highest current price for all mar
ketablc securities.
Those living in localities remote from bahhs
muy send money, or other bonds, directly TO us
bx EXPRESS and we will send back Northern IA
cifc bonds ut our own risk and without cost 10
the investor For further information pamph-
lets, maps etc, call on or address the undersgn-
cd or any Of the Banks or Bankers cmp"ye" |"
scll this loan. For sale by
FIRST NATIONAL BANk.
CITIZENS NATIONAL BANh.
BURKE s. HERBERT.
W. ID. CORSE & co.
Who will furnish all required informatioh'