Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-18

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 filyOrite securities of the
country,
This is because the Bonds based upon the amplest
security, being FIRsrAND 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 northern Pacific Railroad Company, or
which the said Company may hereafter acquire" The
Land Grant of the Northern Pacific Railroad Will average
$4,000 to each mile of road This land is capa-
bic ofproducing in abundance all the FRUITS vegeta-
bcs and cereals ofthe Eastern or Middle States.
THE VALUE OF LAND GRANDs.
The average price at which twenty-sx land grant
railroads have thus far sold their lands 81 per
thehighest average of grant being slS 9S and the
lowest s3O1 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 to be better ami more saabe than those
most other grants but sold at the general average of
S7O4 per acre, they will yield than s6l 900 per
mile ofroadmore than three times the possible cost of
construction and equipments; or at the lowest average
OF any grant q O they will produce than $4,000
per mile, which is $4,000 per mile than the COM
pany allowed to issue bonds.
TRAFFIC ON PACIFIC RAILROADS,
As officially reported the gross earnings of the present
Pacific Railroad Union and CentraU 1871 the second
year through business December earnings esmated)
reach Seventeen Millions and Quarter OF this Is per
cent from Loc Business, and it is stated fully S. per
cent nearly Nine and Half Millions are net over
operating expenses,
An equal traffic OH the Northern Pacific Road will pay
dividend of than 81 per cent on its total cost
With its great and unquestOned advantages in dtance
grades climate and tributary fertile country the North
Pacific is assured of vast and profitable business
from the outset, with large increase for the future
These facts regarding Pacific Railroad earnings, and
sales to settlers, show the unquestoned security of
Northern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
The road is completed the eastern boundary of Da-
koa the Rcd River othe North distance of ?55 miles
On the Pacific coast IS miles under construction the
greater part ofwmch complete Including purchased
500 miles of running road Contracts are let for the con
struction of 635 miles more to be finished before the
close of 1872.
WE WOULD RECON- EN ID
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 Railroad Bond, wi the solidty and safety of
Real Estate Mortgage on Land worth more than twice
the amount loaned.
These Bonds payable in l9OO-bear $40 per cent
interest in Gold payable first of July and Januaryarc
free of u S. Taxare receivable at 10 per cent premium
and issued in the following denominations
Coupon bonds slOO $500 and slOOO Registered bonds
500, $500, $1,000, $4,000 and $4,000.
The proceeds of all sales Land are required to be de-
voted by the Trustees of the bondhoders Cdcssrs Jay
Cooke and j. Edgar Thompson) Sinking Fund to
the purchase and cancellation of the first mortgage
bonds or temporarily the payment ofnerest thereon
II necessary.
EXCHANGING 5-sOs. In view of the ability and
fixed policy of the Government to call in its 52Os and
substitute low-nterest bondsl4OOOO 900 having been
called in for cancellation since September lst-many
holders of52Os exchanging themor Northern Paccs
thus adding to their principal the present premium on
Government Bonds and increasing their yearly interest
| income nearly ont-thrd.
All marketable stocks and bonds will be received at
current prices in exchange for Northern Pacific sevcn
| Thlrties without expense 10 the investor
For further particulars concerning this Bond or pur
chase of the same, apply to the undersigned