Worcester daily spy., 1872-01-06

now taken their place among the
solid and favOrite securities of the
country.
This is because the Bonds are based upon the amplest
security, being FIRST AND ONLY MORTGAGE upon
the railroad franchises and all the lau1s and property
AMI rights of property real and personal in pos
session by the Nor hern Pacific Railroad Company
which the said Company may hereafter acquire ~ The
Land Grant of he Northern Pacific Railroad will average
$4,000 acres to each mile of road This land capa-
bic ofproducing in abundance all the Fruits, vegeta-
bes andcereals oflhe Eastern or Middle States.
THE VALUE OF LAND GRANDs.
The average price at which twenty-six land grant
railroads have thus far sold their lands is s. per acre
the highest average of grant being $685. and the
price has increased from year year The lands of the
Northern Pacific Road are admitted, by all who have
them TO be better AMI more salable than those
most other grants; but sold at the general average of
S7.O4 per acre, they will yield than sl6l 900 pei
mile ofrosd-more than three times the possible
construction and equipment; at the lowest
any grant O7 they will produce more than SO 900
per mile which is so OOl per mile more than the COM
pany are allowed to issue bonds.
TRAFFIC ON PACIFIC RAILROADS.
AS officially reported the gross earnings of the present
nosI-o yTv,. 49,,
year of through business December earnings esimate1
reach Seventeen Millions and Quarte OF this 65 per
cent is from Lee Business and it Is stated fully s. per
cent, or nearly Nine and Half Millions, are net over
operating expenses.
An equal traffic on the Northern Pacific Road will pay
dividend gilmore than 9s per cent on Its total cost
With It's great and unquostoned advantages in distance
grades climate, and tributary rlle country the North
ern Pacific Is assu cd of vast and pr1 able business
from the outset with large increase for the future
These fact regarding Pacific Railroad earnings and
the 'rket value of lrod Lanls, shown by actual
sales to settlers. show the unquestoned security o.
Northern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
The road is completed to the eastern boundary o. Da-
kota The Red River ofhe North, distance of IS miles
On the Pacific coast IS miles are under construc on the
greater part ofwmch complete ncluding purchased
lines, the Northern Pacific Company now have nearly
6JO miles Of running road Contracts are let for the con-
struction of 635 miles MORE to be finished before the
close of 1872
A = Z h
THE NORTHERN PACIFIC SEVEN.
Thirty GOLD BOND As ONE OF
THE BEST AND SAFEST sEUURI
TIES NOW OFFERED TO THE
PUBLIC.
In his security combine the high credit of first
ella Ra lroai Bond, wi the solidity and safety of
Real Estate Mortgage on md worth more than twice
the amount loaned
These Aonds payable in l9OO-bear $40 per cent
interest in Gold payable first of July and January-arC
free OfU S. Taxare receivable at 10 per cent premium
for the Company's lands at the Lowest Cash Price
and are issued in the following denominations
Coupon bonds 9lCO $780, and 81 OOO Registered bonds
500, $500, 81, ,OOO $1,000 and $1,000
VI dll sales OF Lana are required 10 be
voted by the Trustees of the bonahoders (Iessrs Jay
Cooke and ]. E lgar Thompson), Sinking Fund tC
The purchase and cancellation of the first mortgage
bonds temporarily the payment ofinterest thereon
ii necessary.
EXCHANGING 5-aOs. In view of the ability AMI
fixed pol cy of the Government call in its 52Os and
substitute lowinteres bonds 10000 600 having been
called IN for cancellation since September lst-many
holders ol52Os exchanging themor Northern Pachcs
thus adding TO their principal the present premium on
Government Bonds aud increasing their yearly interest
income nearly ont third.
All marketable stocks and bonds will be received at
prices in exchange for Northern Pacific Seven
Thirtes without expense TO the investor.
For rfdrher particulars concerning this Bond or nur
chase ofthe same, apply to the Undersigned.