Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-16

This is because the Bonds base upon the ampest
security, being a FIRST AND ONLY MORTGAGE upon
the railroad, franchises and all the Ian Is and property
and rights of property 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
$4,000 to each mile ROAD This land is capa
be orproduclng in abundance all the FRUITS vegcta-
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 81 o. per acre
hehlghest average of any grant being Sl39s and the
lowest s3O7 With few exceptions the average selling
price has increased from year year The lands the
Northern Pacific Road arc admitted, by all who have
seen them to be better ami salabe than those Of
most other grants hut sold the general average of
s1O per acre, they will Yell more than S6l 900 per
mile ofroad-more than three times the possible
construction ro"pmenti or, at the lowest average
of any grant 4, they will produce more than $4,000
per mile which is $4,000 per mile more 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 CentraD for 1871 the second
year of through business December earnings estmate
reach seventeen Millions and Quarter OF this 80 per
cent is from Loo Business, and it Is stated fully s. per
cent Ornearly Nine AMI Half Millions are net over
| operating expenses.
An equal traffic on the Northern Pacific Road will pay
dividend fillmore than 81 per cent on ITS total cost
With its great and unquestioned advantages distance
grades climate and tributary fertile country the North
Pacific is assured of a and profitable business
from the outset, with large increase for the future
These facts regarding Pacific Railroad earnings and
the market value of Railroad Lanns as shown by actual
sales settlers show the unquestioncd security of
Northern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
The road is completed to the eastern boundary Of Da-
kota the Rcd River othe North distance of ?55 miles
On the Pacific coast IS miles under construction the
greater part ofwhch is compete1 including purchased
lines, the Northern Pacific Company now have nearly
500 miles of running road Contracts let for the con.
etuNhVH VI o9J HiltS AlVItt 70 oS uuate DelOTt the
close of 1872.
WE WOULD RECO MEND
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, wi h the sodlty and safety of
Real Estate Mortgage on Land worth more than twice
| the amount loaned.
These Bonds are payable in l9OObear $40 per cent
interest in Gold, payable first of July and Januaryare
free of u S. Tax-are receivable at 10 per cent premium
| for the Company's lands at the Lowest Cash Price
and are issued in the following denominations;
Coupon bonds $780, $780, and slOOO Registered bonds
500, $780, $1,000 $4,000 and $4,000.
The proceeds all sales of Land are required to be de-
voted by the Trustees of the bondhoders Oiessrs Jay
Cooke and j. Edgar Thompson),4as a Sinking Fund to
the purchase and cancellation of the first mortgage
bonds temporarily the payment ofinteest thereon
| ii necessary.
| EXCHANGING J-2Os. In view of the ability and
fixed policy ofhe Government to call in its 52Os and
substitute low-ntcrest bond-sl4OOOOO 900 having been
| called in for cancellation since September st-many
holders of5O exchanging themor Northern PaciHcs
thus adding to their principal the present premium on
Government Bonds and increasing their yearly interest
| income nearly third
All marketable stocks and bonds will be received at
current prices in exchange for Northern Pacific Severn
| Thirties without expense to the investor.
For further particulars concerning this Bond or pur
chase of the same, apply to the undersigned.