The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1871-04-29

7-3O GOLD LOAN
OF THE
Northern Pacific Railroad
RAPID PROGRESS OF THE WORK

The building 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 employs ed in Minneso-
IA and on the Pacific coast The grade is nearly
completed 2S6 miles westward from Lake Su-
peror; trains running over 1870 miles Of fin
lshed road, and track-Isying is progressing at
the rate Of one to two miles per day. In-ladir
lts purchase o the st. Paul / Pacific Road, the
Northern PAcfC Company now has fI3 miles Of
complete ROAD, ana by September next this viii
be increased TO Al least $50
a GOOD INV E.S MINT. We Ere now
selling, and uuhesitatingly recommend, as 8
Profitable and perfectly Safe investment, the
First Mortgage Land Grant Gold Bonas e. the
Northern Pacific Railroad CompRny- They have
30 years to run, bear Seven and Thee Ienths
per cent. gold interest tmore than a per sent
currency and are secured by first = i only mort
gage on the ENTIRE ROAD AND It's EQUIPMENTS,
ana also
23,OuO ACRES OF LAND to every mile
of track, or 500 acres for each $1,000 Bond
They ars exempt from Z. s. Tax Princi pal and
Interest pay able in Gold; Denominations
coupons, SlG0 TO $1,000; Registered d, $I00 to
slO,0 zoo
LANDS FOR BONDS. Northern Pa
oi &c 79Ds are at all times receivable at TEN PER
CENT. ABOVE PAR, in exchange for the Company
Lands, at their lowest cash price That is il
paying Railroad security, these Bonds are in
effect Land War ants bearing profitable rate Of
| interest until exchanged for Homesteads, at ten
| per cent. premium.
SINKING FUND. The Land Grant Of the
| Road exceeds Fif y Million Acres, having 81
average soil of great fertility, in . climate tha
Is simply unsurpassed. The Trustees of th'
Mortgage, Messrs. Jay Cooke and j. Eega
| Thomson, are required TO devote the proceeds 0
1 Al i H..
| of the CompIny's Bonds. This immense Sink
ing Fund will undoubtedly cancel the principa
Of the entire issue of First Mortgage Bonds no
selling) before they fail due. With their ampl
security and high rate of interest there is il
vsstment accessible to the people, which is NOR
profitable or safe.
EXCHANGING u. =. EIVE-TW 4 \
TIE. In view of the Governments expeots
ton soon to cali for the surrender of it's uuIstan
ding per cent. Bonds, under the pre- ent movs
ment for funding the debt at lower interes
many holders of United States Five TwentiC
are exchanging them for Northern Pacific Sever
Thirties, thus realizing handsome profit, sn
greatly 10 creasing their yearly income.
OTHER SECUHETIEs-AGE EkEIkS
All marketable Stocks aud Bonds win be re
ceived at their highest current price in exchAni
for Northern Pacific Seven Thirties. EXPIRES
charges on Money Bonds received, and Q
Seven Thirties sent in return, will be paid by tt
Financial Agents. Agencies for the sale Of tn
loan are established in nearly every city and in
portant town throughout the United States al
Can ada. Full information, maps, pamphlet
ETC., can be obtained on application at ar
agency, or from the undersigned.
For sale by
JAY COOKE L. co.
Philadelphia. New York, Wsshingto
Financial Agents Northern Pacific Railroad
FIRST NATIONAL BANK, MITCHELL
lLYEDE, Rock Island.
FIRST NATIONAL BANK MANUEAt
ITURERs BANK. Moline.
DEVoRE SHEPPARD; &. E. ROGRE
& SON, Port Byron,
LUNT, PRESTON KEAE.
Bankers, Chicago, Gen. 4gfs.
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