Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1871-11-30
FINANCIAL.
100 GOLD LOAN.
OF THE
Northern Pacific Railroad.
FINANCIAL.
Rapid Progress of the Work.

The bulldog Of the Northern Pacific Railroad
(begun July last), is being pushed forward
with great energy from both extremities of the
line. Several thousand men are employed in
Minnesota and on the Pacific coast. The grade
is nearly completed 266 miles westward from
Lake Superior trains are summing over 400
mi es of finished road, and track laying is
rrpidly progressing toward the eastern border
oil Dakota. Including its purchase of the st.
Paul s. Pacific Road the Northern Pacific Com
pany now has ALB miles OF completed road;
and by September next this will be increased
to at least $50.
A GOOD INVESTMENT. Jay Cooke & Co.
are now selling, and unhesitatngly recon-
mend, as a Profitable and perfectly Safe In
vestment, the First Mortgage Land Grant
Gold Bonds of the Northern Pacific Railroad
Company. They have 80 years to run, bear
Seven and Three-Tenths per cent. gold interest
(more than 3 per cent. currency ard are Sc
cured by first and only mortgage on the EN-
TIRE ROAD AND IT'S EQUIPMENTS, and also,
as fast as the Road is completed, on
$4,000 ACRES OF LAND to every mile
of track, or 500 Acres for each $1,000 Bond,
They are exempt from U. S. Tax; Principal
and Interest are payable in Gold Denomina-
I onsi Coupons, Sl00 to $1,000; Registered,
| 500 to $4,000.
LANDS FOR BONDS. Northern Pacific
| 1905 are at all times receivable at ten per
cent above par, in excange for the Company s
Lands, at their lowest cash price. This rend-
ers then practically Interest Bearing Land
| Warrants.
| SINKING FUND. The proceeds Of all sales
Of Lands are required to 10 devoted to the re-
purchase and cancellation of the First Mort
gage Bonds of the Company. The Land Grant
of the Road exceeds Fifty Million Acres
This immense Sinking Fund will undoubtedly
cancel the principal OF the Company's bonded
debt before it falls due. With their ample
security and high rate of interest, there is no
investment, accessible to the people, which is
more profitable and safe.
Exchanging U. S. Five-Twenties. The
success Of the New Government per cent,
| Loan will compel the early surrender OF
United States per cents. Many holders Of
Five Twentes are now exchanging them for
Northern Pacific Seven-Thirties, thus realizing
handsome profit, and greatly increasing
| their yearly income
OTHER SECuRITIES.-An marketable
Stocks and Bonds will be received at their
highest current price in exchange for Northern
Pacific Seven-Thirties. Express charges on
money or Bonds received, and on Seven-Thir-
ties sent in return, will be paid by the Finan-
cial Agents, Full information, maps, pamph-
| lets, ETC., Gun be obtained on application al
any agency, or from the undersigned.
FOR BALE BY
JAY COOKE s; GO.
JOHN MoLEAR II SON,
General Agents for Delaware.
In Wilmington by Banks aud Banker:
generally.
In New Castle by
CLsAVER BROTHERS & co.
In Newport by
J. W. II. WATSON, Cashier.
at Newport National Bank
In 0lessa by
JOSEPH g.. GIBSON, Cashier
at New Castle Co., Nat. Bank
In Middletown bv
JOHN R. HALL, Cashier.
at Citizens National Bank
In Dover by
J. II. BATEMAN, Cashier.
at First National Bank
In Delaware City by
W. W. FERRIS, Cashier.
ia9 Smw
or. Congress Water, direct from the sprin