The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1872-01-16
BONDS.
z 3-1O
g 0 L D L 0 A N!
A Choice Investment Security
We offer for sale at par and accrued interest, the
FIRST MORTGAGE
LAND GRANT GOLD BONDS
OF THE
NORTHERN PACIFIC
RAILROAD COMPANY.

These Bonds are payable in 19O0-bear 4 $40 per
cent. interest in GOLD, payable first of July and
January, are FREE OF U. 8. TAx-ar re-
ceivable at 10 PER CENT PREMIUM for
the Companys lands at the LOWEST CASH
PRICE, and are issued in the following denomi-
nations Coupon bonds s1OO, $500, and 81 900; Reg
stered bonds, 800, $780, 1000, $4,000 and $4,000
The Company is allowed 'to negotiate and procure
a loan which shall not exceed Fifty Thousand Dollars
per mile," which is secured by FIRST and on
LY MORTGAGE, s'UPON THE RAIL-
ROAD, FRANCHISES, AND ALL THE
LANDS AND PROPERTY, AND
RIGHTS OF PROPERTY, REAL AND
PERSONAL, NOW IN POSSESSION BY
THE NORTHERN PACIFIC BAIL
ROAD COMPANY, OR WIFI CHI THE
SAID COMPANY MAY HEREAFTER
ACQUIRE,' and THE TRUSTEES OF
THE BONDS ARE OBLIGED TO
HOLD %, 900 ACRES OF AVERAGE
LAND AS SECURITY FOR EVERY
$4,000 OF BONDS ISSUED.
The sales of all lands CAT SUCH PRICES
AS APPROVED BY THE SAID TRUs-
TEES" are set apart to redeem the bonds, for by
the definite terms of the mortgage, ssTHE PRO-
CEEDs OF ALL SALES OF LANDS,
WHETHER I'm CASH, BONDS, COU-
PONs OR OTHER SECURITIES,
SHALL BE DEPOSITED WITH THE
TRUsTEEs;' also GALL MONEYS IN
THE HANDS OF THE TRUSTEES
FOR LANDS SOLD, SHALL BE IN
VESTED BY THEM, IN THE FIRST
MORTGAGE BONDS OF THE CON-
PANY SECURED BY THIS MORT
GAGE, WHEN SAID BONDS CAN BE
PURCHASED AT SUM NOT EX-
CEEDING no CENTS ON THE DOL
LAR AND ACCRUED INTEREST"
Although the Northern Pacific Railroad Company
intend to sell the quality of lands at prices BE-
Tow OTHER GRANTS, to induce rapid set
IL ment still the practical working of the above pro-
vision apparent for the sales of land up Novem
Der 1st exceeded acres average price up
wards of So er acre, EQUAL TO 81 100000,
Oh MORE THAN 10 PER CENT. ON
S11 800 900, WHICH WAS THE TO-
tai AMOUNT OF BONDS SOLD TO
THAT DATE; still this 200, 900 acres of land is
NOT QUITE ONE-sIATEENTH PART
OF THE LAND GRANT In MINNEsO-
ia ALONE.
Below we give the average price per acre Of the
sales of the Land Grants on different roads, that
idea may be formed of the immense value of the Co.,
900, 900 acres granted to the Northern Pacific
Railroad Company, for there can be no doubt that
the average price per acre of its laud sales will be
much above the general averageprce of these roads;
Average per Acre.
Grand Rapids and Indiana. ......... .$13.9s
Burlington and Missouri River. ...... lilo
do do in Nebraska. .8.75
Illinois Central-to 1869. .11.09
do do for 1870 .12.55
Hannibal and st. Joseph. h................11 .11.00
Atchison, Topeka and Santa Fe........ ITO
Flint and Marquette. .....................71S
Southern Minnesota. a.....................7O .7O4
Atlantic and Pacific. ic......................6 SIT
Iowa Falls and Sioux City. $50
St. Paul and Pacific. ic......................6 $50
Cedar Rapids and Missouri River. ....... 800
St.Paul and Sioux City. .5.67
Mo. River, Fort Scott and Gulf. f.........5.55
jackson, Lansing and Saginaw. ........ 600
Marquette and Ontonagon. on...............5
Denver racine Observation-Disclosures. ...4lS
hanSaS racine Z.IV
The CHARACTER of the Land Grant of the