New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-02-24
BANKING AND FINANCIAL.
FEBRUARY INVESTMENTS.


Next month the Treasury will pay off forty mil
lions additional Of the 5-20s of 1862. Holders Of
these WHO desire to exchange them for bond of
equal safety and at the same time increase their an
Iual income nearly One-third, will do well to inves-
tigate the merits of the 73O Gold Bonds of the North
crn Pacific Railroad
These securities the present price of which is par
and accrued interest in currency, are selling rapidly
for cash and in exchange for 5-20s, and we commend
them 10 investors confidently as we have always
commended the bonds of the United States Govern
mont.
They constitute an investment security which
combines the ready negotiability, the convenience
and tie high credit of first-class Railroad Bond
with the sod,ty and safety of a Real Estate Mort
gage on Land worth at least twice the amount
loaned.
TIE Bonds arc first and only Mortgage on the
Road it, Equipments and Earnings, and also on
Land Grant which, on the completion Of the Road
Will average 1880 acreG 20 each mile of track.
They at all times receivable at 10 per cent pre-
MUM n-l0), in payment or exchange for the Com
panys Land at market prices
The average price at which % leading Land Grant
Roads have to this date sold their lands is 81 % per
acre. Sold at the same average price, the grant of
the Northern Pacific Company will produce more
than $4,000 per mile OF road than three times
the total possible cost Of construction and equipment
All marketable securities received in exchange
without expense TO tho investor at their highest cur
rent price JAY COOKE & Co,
New York, Philadelphia and Washington, Financial
Agents Northern Pacific Railroad Company.
=
ST JosErH AND DENVER CITY RAILROAD COMPANY's
FIRST MORTGAGE SINKING FUND LAND GRANT
BONDS,
BEARING EIGR1 PER CENT Is p. c. INTEREST PAYA-
BILE IN GOLD
FREE OF TAX,
AND IN ORGANISATIONS OF $1,000, $500, and 800,
can lie obtained from the undersigned, or through
the principal banks and bankers throughout the
United States.
The attractive features OF these Securities re
cognized in the fact that although they have been
but short time on the market they arc nearly all
absorbed, and but small amount are now for sale.
They combine perfect security with liberal
rate of interest. This interest account is made light
for and easily borne by, the Company through the
operation Of the Sinking Fund created from sales Of
the Company's land which in many cases draw in
terest at the rate of ten Co per cent per annum.
The security behind them Ii ample in every particu-
lar az they constitute first and only mortgage on
trunk line of railroad which will soon connect the
city of st. Joseph, Mo. IAN important railway CEN
ter, WIN ING UNION taCllC ToIb
Kesrney materially shortening the distance between
the Atlantic and Pacific coasts. In addition 10 this,
the bonds have further security in the fact that
there is included in the Mortgage the Companys
magnificent Lands, amounting to 100000 acres,
known to be among the best in the United States
The Mortgage indenture prohibits the sale Of these
Lands at less thanFour al Dollars per acre, and pay
able 70 the Trustees under the Mortgage, for the
clear aud express purpose OF retiring these Bonds.
The amount thus realized exceeds the entire
amount of Bonds which be issued, and
leaves the road, property and franchises free.
The Bond. have thirty years to run, with interest
at Eight Per Cent free OF tax payable February and
August in each year
Both principal and interest are payable in gold.
The principal in New-York The interest in either
New-York, London, or FTankfort-on-the-Main at the
option Of the holder without notice and in the gold
currency of the country in which they are presented
They are coupons or registered
Trustees-Farmers Loan aud Trust Company
The present price Of these bonds is 81 and accrued
interest in currency. from August IS, 1871. But they
are receivable at par and accrued interest IN pay
msDt for lands sold by the Company. The right Is