Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-22
NORTHERN PACIFIC
RAILROAD

u =
RAILRO AID
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 aud favOrite securities of the
country.
This because the Bonds based upon the amplest
security being a FRS AND ONLY MORTGAGE upon
the railroad franchises, and all the Ian and property
and rights of property, real and personal now in 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 will average
over $4,000 acres to each mile of This land capa
bic ofprotuciug in abundance all the FRUITS vegeta-
bles and cereals ofthe Eastern or Middle States.
THE VALUE OF LAND GRANDS.
The average price at which twenty-six land grant
railroads have thus sold their lands is 81 o. per acre
the highest average of grant being Sl3 9s and the
lowest 1901 With few exceptions, the average selling
price has increased from year to year The lands of the
Northern Pacific Road admitted by all who have
seen them. TO be better ami saabe than those
most other grants; but sold at the general average of
S0 per acre. they will yield more than sl6l 600 per
mile ofroadmore than three times the possible cost of
construction and equipments or at the lowest average
OF any grant GOD they will produce more than $4,000
per mile, which is $4,000 per 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 CentraU for 1871 the second
year of through business December earnings esmated)
reach Seventeen Millions and Quarter. OF this 65 per
cent is from Loo Business and it is stated fully S. per
cent, nearly Nine and Half Millions are net over
operating expenses.
An equal traffic the Northern Pacific Road will pay
dividend gilmore than 81 per cent total cost.
With its great unquestoned advantages in distance
grades climate, and tributary fertile country the North
ern Pacific is assured of vast and profitable business
from the outset with large increase for the future
These facts regarding Pacific Railroad earnings and
the market value of lroad Lanus shown by actual
sales to Settlers show the unquestioned security of
Northern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
r1an to
kota the Red River othe North distance of 255 miles,
On the Pacific coast IS miles are under construction the
greater part ofwhlch is complete ,ncuding purchased
lines the Northern Pacific Company now have nearly
800 miles Of running road. Contracts let for the
sructon of 635 miles more, to be finished before the
close of 1872.
WE would RECO ME N ID
THE NORTHERN PACIFIC SEVEN
THIRTY GOLD BOND AS ONE OF
THE BEST AND SAFEST sECURI-
TIES Now OFFERED TO THE
PUBLIC.
In This security combnei the high credit of first
class Ra lroal Bond, wi the soidlty and safe of
Real Estate Mortgage on Land worth more than twice
the AMOUNT lOaieu
These oonds payable in lsOO-bear $40 per cent
interest in Gold payable first of uy and January-are
free of u s. Tax-are receivable at 10 per cent premium
for the Compsny's lands at the Lowest Cash Price
and issued in the following denominations
Coupon bonds slOO, $500, and $1,000 Registered bonds
500, $500, $1,000. $1,000 and $4,000
The proceeds of all Land are required to be de-
voted by the Trustees of the bonuhoders Messrs Jay
Cooke and ]. Edgar Thompson), as sinking Fund to
the purchase and cancellation of the first mortgage
bonds, temporarily the payment fnerest thereon
II necessary.
EXCHANGING 5-2Os. In view of the ability and
fixed pol cy the to call in its 52Os and
substitute ownterest bonds 10000 OOO having been
called in for cancellation since September lst-many
holders of52Os exchanging hcmor Northern Pacncs
thus adding their principal the present premium on
Government Bonds and increasing their yearly interest
income nearly ont-third
All marketable stocks and bonds will be received at
current prices in exchange for Northern Pacific Seven
Thirties without expense to the investor.
For further particulars concerning this Bond or puF-
chase ofthe same, apply to che undersigned