Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-12
HAVE YOU
NORTHERN PACIFIC
RAILROAD

NUN F1ERS EACIF IL
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 fayOrite securities of the
country.
This is because the Bonds based upon the ampest
security, belnga 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 ofthe Northern Pacific Railroad will average
over $4,000 acres each mile road This land is capa
bic Introducing in abundance all the FRUITS vegeta-
blcs 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
thehighes average of any grant being sl39s and the
lowest 1901 With few exceptions, the average selling
price has increased from year to year The lands of the
Northern Pacific Road are admitted by all who have
them TO be better ana more salable than those Of
most other grants; but sold at the general average of
S704 per acre, they will yield more than Sl6l 900 per
mile ofroadmore than three times the possible cost of
t,n1
Of any grant o. they will produce more than $4,000
per mile, which is $4,000 per mile more 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 estlmated
reach Seventeen Millions and Quarter othis G5 per
cent is from Loo Business and it is stated fully IS per
cent, or nearly Nine and Halt Millions, are net over
operating expenses.
An equal traffic the Northern Pacific Road will pay
dividend gilmore than 9A per cent on its total cost
With unquestioned advantages in distance
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
the market value OF Railroad Lanus shown by actual
sales to settlers. show the unquesloned security of
Northern Pacific Railroad Bonds
CONSTRUCTION OF THE ROAD.
The road is completed the eastern boundary of Da-
koa, the Red River ofhe North distance of 255 miles
On the Pacific coast miles under construction the
greater part ofwnch is compete1,- Including purchased
lines, the Northern Pacific Company now have nearly
$50 miles running road Contracts are let for the con-
struction of 635 miles more to be finished before the
close of 1871!
WE WOULD RECOMM ND
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 Railroad Bond with the solidy and safety of a
Real Estate Mortgage on Lind worth more than twice
the amount loaned.
These Bonds are payable in l9OO-bear $40 per cent
interest in Gold payable first of July and Januaryare
free of u s. Tax-are receivable at per cent premium
for the Company's lands at the Lowest Cash Price
and issued in the following denominations
Coupon bonds slOO $780, and 81 OOO Registered bonds,
800, $500, 81 ,OOO $4,000 and $4,000
The proceeds Of all sales Land are required to be de-
voted by the Trustees Of the bondhoders (Messrs jay
Cooke and j. Edgar thompson, as a Sinking Fund to
the purchase and cancellation of the first mortgage
bonds temporarily the payment ofinterest thereon
il necessary.
EXCHANGING 5-2Os. In view of the ability and
fixed policy OF the Government call in its 5-2Os and
substitute low-interest bond-siOOOOOOO having been
called in for cancellation since September lst-many
holders of52Os exchanging hemor Northern Pacfcs
thus adding to their principal the present premium on
Government Bonds, and increasing their yearly interest
income nearly one third.
All marketable stocks and bonds will be received at
current prices in exchange for Northern Pacific sevcn-
Thirtes without expense TO the investor.
Forfurher particulars concerning this Bond or pur-
chase of the same, apply to the undersigned.