Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-17
HAVE YOU

VI IhE
NORTHERN PACIFIC
RAILROAD
Have sold, during the past year,
to an extent unequalled by those of
any other Corporation, and they have
now taken their place among the
solid and favOrite securities of the
country,
This is because the Bonds based upon the amplest
security, being "a FIRsrAND ONLY MORTGAGE upon
the railroad franchises. and all the Ian and property
and rights of property, real and personal now pos
session by the Nor hern Pacific Railroad Company, or
which the said Company may hereafter acquire The
Land Grant of he Northern Pacific Railroad viii average
$4,000 each mile of road This land is capa-
be ofprOiucing in abundance all the Fruits, Vegeta-
b!es and cereals ofthe 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 81 4 per acre
the highest average of grant being s39S, and the
lowest s8O7 With few exceptions the average selling
price has increased from year year The lands of the
Northern Pacific Road are admitted, by all who have
them, 10 be better AM more saabe than those
most other grants but sold at the general average of
-
mile ofroad-more than three times the possible cost of
construction and equipment; or the lowest average
any grant g Oh, they will produce than $4,000
per mile which is so OOJ mile than the COM
pany are allowed to issue bonds.
TRAFFIC ON PACIFIC RAILROADS.
As officially reported the gross earnings of the present
Pacific Railroad Union and CenraD for 1871 the second
year of through business December earnings estmate
reach Seventeen Millions and Quarte-. OF this IS per
cent is from Lee Business, aud, stated fully S. per
cent, nearly Nine ami Half Millions, are net over
operating expenses
An equal traffic the Northern Pacific Road will pay
dividend of more than % per cent on ITS total cost
With its great and unquesoned advantages in distance,
grades climate, and tributary fertile country the North
Pacific is assured and prof able business
from the outset with large increase for the future.
These facts regarding Pacific Railroad earnings, and
the lrket value of rold Lanus as shown by actual
sales to settlers show the unquestoned security Of
Northern Pacific Railroad Bonds
CONSTRUCTION OFTHE ROAD.
The ROAD is completed to the eastern boundary Of Da-
kota the Rcd River olhe North distance of 255 miles
On the Pacific coast IS miles under construction the
greater part ofwhch complete INCLUDING purchased
lines, the Northern Pacific Company ROW have nearly
500 miles of running road Contracts are let for the con-
strucon of 635 miles moro, to be finished before the
close of 1872.
WE WOULD RECOMM MEND
THE NORTHERN PACIFIC SEVEN.
THIRTY GOLD BOND AS ONE OF
THE BEST AND SAFEST sECURI-
TIES NOW OFFERED TO THE
PUBLIC.
In this security combine the high credit of first
class Ra lroad Bond wi Ii the solidlty and safe of
Real Estate Mortgage on Land worth more than twice
the amount loaned.
These Bonds are payable in laOO-bear7 3lO per cent
interest in Gold, payable first of July and Januaryare
free of U. s. Taxarc receivable at 10 per premium
for the Company's lands at the Lowest Cash Price
and are issued In the following denominatlons
Coupon bonds sCO $500, and $1,000 Registered bonds
SlOO, $500, 81. 600, 5000 and $4,000.
The proceeds of all sales of Land required to be de-
voted by the Trustees Of the bondholdeIs dcssrs Jay
Cooke and j. Edgar thompson, sinking Fund to
the purchase aud cancellation Of the first mortgage
bonds temporarily to the payment ofinerest thereon
il necessary.
EXCHANGING 5-2Os. In view of the ability and
fixed policy OF the Go, to call in its BIOS and
substitute lowinerest bonds 10000 OOO having been
call,d in for cancellation since September lst-many
holders oi59Os exchanging th,mor Northern pacihcs
thus adding to their principal the present prem on
Government Bonds and increasing their yearly interest
income nearly on, third.
All marketable stocks aud bonds will he received at
current prices In exchange for Northern Pacific Sevcn
rhlrties without expense TO the investor.
For further particulars concerning this Bond, or pur
chase ofthe same, apply to The undersigned.