Wilmington daily commercial. [volume] (Wilmington, Del.) 1866-1877, 1872-02-19
A SUCCESSFUL AND POPULAR
LOAN.

Few securities have ever been placed upon the
market which, in SO short time, have taken 30 high
q. stand or hecOme so widely popular with prudent
investors as have the First Mortgage Bonds OF the
Northern Paci C Railroad Company. The Seven
Thirty Gold Loan OF this Great corporation Is
already solid and gratifying success, aud the
LARGER THAN EVER BEFORE.
[Erom the N. Y. word.l
The mo trroiuinent feature IN financial affairs at
the present Time is the increasing demand Tor hrst
class railway bonds. both here and In hurope. Tne
large surplus OF money seeking investment Is now
ing steadily into American railroad bends, which
are attracting shrewd and conservative capitalists
aud Investors TO an unprecedented extent. During
the month some important negotiations have been
consummated Ia Europe, and the bankers market
ing new bon0s here report great activity and
wide spread demahd. Many depOsitors In savings
banks are removing their funds, and are investing
in The new railroad bonds now Offering on the mar
ket
IFrom the New York Trbunel
"Miilions Of the $40 bonds have been exchanged
for those OF apparent equal undness, but which
bea- more tempting rate OF interest included IN
these bonds are those of the Northern Pacific Rai-
way Company, offered by Mes rs. Jay Cooke Co,
at nar I'm currency, and which bear gold interest
at seven and three-tenths per cent. per annum
They are a first and only mortgage upon one OF tine
greatest-if not the greatest-rail~ay enterprises
the world has ever seen
Speaking Of the r. turning abundance OF loanab.e
capital the financial editor Of the 1ri6t1 also re-
iii we are to drift into the condition Of things
sur rising II all that class OF securities TO which th
orfhern Pacific belongs were materially advanced
| in price"
[From the N. Y. independently
"As an investment security we know Of none
whatever character, equal to the Northern Pacinc
1905 They combine the two great requisites safe
| ty and pront. The favor in which these bonds are
held by investors is indicated by the large sales,
which, thus far during January nave Deen at the
| rate of two millions per month
| "The inquiry for bonds ey those who Intend puf-
chasing lands gives assurance OF large setIlemenIs
| upon the lands during the next season. The Com
| pany lands ia Minnesota are now ready Tor sale
and those the western terminus soon VIII pc Tne
Company are prepared to permit parties 10 take uI
land at any point along the line OF the road 10 De
| 3 bseuuently appraised and paid for. The TACT L
conceded that The sales Of land Will build the ROAD
| We recently saw an OH ia report OF an engineer
| stating that from the garden valley OF the Rec
River Of the North to the foot hills OF the ROCKY
| Mountains there was but single strip OF pool
| land the whole distance
"The future Of this great enterprise is promising
| In tile extreme, and the bonds OF the Company art
as sure as the obligation of the best government ol
earth. ,,-,, -.
awe heartily commend them to all having II vest
ments to make as EMINENTLY SAFE AND DIX
Maps, pamphlets, and full Information will be fur
nished IN application to
JOHN NIcLEAR 81 SON,
Bankers, and Dealers in o. s., State and City
Securities,
No 6o2 Market Street
decl6-smd&w wilmington, Delaware