New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-01
Bankers, No. IL Wall-st.

IMPORTANT TO HOLDERS or 5-20's AID INVESTORS
GOLD 100 LoAN.
The NORTHERN Pacific RAILROAD COMPANY offers
10 the public an investment security which combines
the ready negotiability, the convenience and the
high credit Of frst-class Railroad Bond. with the
solidity and safety of Real Estate Mortgage on
Land worth twice the amount loaned.
Tratfc.-As officially reported, the gross earnings
of the present Pacific Railroad Union aud Central
for 1871, the second year of through business DE
cember earnings estimated, reach Seventeen Mil
lions aud a Quarter OF this Is per cent is from
Local business and it is stated fully IS per cent
nearly Nine and a Half Millions, net over oper
ating expenses.
An equal traffic on the Northern Pacific Road viii
pay dividend of more than % per cent on its total
cost.
The lands Of the Northern Pacific Road are admit
ted by all who have them to he better and more
saable than those of most other grants, but sold at
the general average of s. "a per acre, they will
yield more than $Gl 900 per mile Of road-more than
three times the possible cost Of construction and
equipment; or, ut the lowest average Of any grant
S3 on, they will produce than $4,000 per mile.
Conference.-The road is now completed across
Minnesota C25j miles, and G5 miles are under con-
structon ON the Pacific coast. Including purchased
lines tho Northern Pacific Company now has 515
miles of finished track. Contracts are let for the
construction Of GSJ miles more to he finished before
the close of 1872.
The 100 cold Bonds Of the Northern Pacific Rail
road Co. present the following leading features
!. They are exempt from United States tax; the
Principal and Interest are payable in goldthe prin-
cpal in 80 years and the interest semi-annualy at
the rate of $40 per cent per annum. DcnomiDa-
tiOns. from 800 10 $4,000.
p The bonds are a first and only Mort gage on the
Road. its Equipments and Earnings, and also on a
Land Grant averaging 5000 acres to each mile Of
track.
3. They are at all times receivable at 10 y cent.
premium l.1O. in payment or exchange for the Com
pany's Land at market prices--a provision which
practically gives the holder th, power of foreclosure
at will.
TO be devoted by the Trustees of the bondholders.
Messrs Jay Cooke and J. Edgar Thomson), as n
Sinking Fund to the purchase and cancellation OF
the first mort gage bonds, temporarily to tho pay
ment of interest thereon if necessary.
Enchanting 5-2Os.-ln view of the ability and fixed
policy of the Government to call in its 50s aud sub
stitute low-interest bond $40 100000 having been
called in for cancellation since September l-many
holders of 5-2Os exchanging them for Northern
Pacifics TINS adding to their principal the present.
premium on Government Bonds and increasing their
yearly interest income nearly One-third.
All marketable stocks aud bonds will he received
at current prices in exchange for Northern Pacific
Seven-Thrties without expense to the investor
JAY COOKE u Co.,
Philadelphia. New-York. and Washington,
Financial Igeqis Northern PQcifc RdilrOdd.
For sale by Banks and Bankers generally.