Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-20

Have sold, during the past year,
to an extent mequalled by those of
any other Corporation, and they have
now taken their place among the
solid aud fIvOrite securities of the
country.
This is because the Bonds are based upon the ampest
security, being FRS AND ONLY MORTGAGE upon
AMI rights of property, real and personal in pos
session by the Nor hern Pacific Railroad Company or
which the said Company may hereafter acquire" The
Land Grant of he Northern Pacific Railroad will average
over $4,000 to each mile This land capa
be ofproducing in abundance al the Fruits, yegeta-
bles and cereals ofthe Eastern or Middle States.
THE VALUE OF LAND GRANDs.
The average price at which twenty-sx land grant
railroads have thus lar sold their lands is 81 % per acre
thehghest average Of any grant being slS ss and the
lowest 500 With few exceptions, the average selling
Northern Pacific Roao sra admitted. by all who have
them, to be better more salable than those
most other grants but sold at the general average of
s7G per acre, they will yel more than sl6l 900 per
mile oroadmorc than three times the possible cost of
construction and equipments or the lowest average
any grant g 3D. they will produce 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 CcntraD 1871. the second
year of through business December earnings esmaed),
reach seventeen Millions and Quarter otthis 65 per
cent from Lee Business and it Is stated uly IS per
cent, Or nearly Nine and Half Millions, are net over
operating expenses.
An equal traffic on the Northern Pacific Road will pay
adividend gilmore than ~ per cent on It's total cost
With its great and unquesoned advantages in distance
grades, climate and tributary fertile country the North
ern Pacific is assured of a vast and profitable business
from the outset with a large increase for the future
These facts regarding Pacific Railroad earnings, and
the market value of dlroad Lanos, as shown by actual
sales to settlers. show the nquestoned security of
Northern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
kota, the Red River olhe Morrill, distance of 5j miles
on the Pacific coast IS miles construction the
greater part ofwmch is competei -ncludng purchased
lines, the Northern Pacific Company now have nearly
6OOmes of running road Contracts let for the con-
struction of 635 miles more, to be finished before The
close of 1872.
WE WOULD RECO MEN ID
THE NORTHERN PACIFIC SEVEN
THIsTY GOLD BOND As ONE OF
THE BEST AND SAFEST SECURI-
TIES Now OFFERED TO THE
PUBLIC.
In his security combine the high credit of first
class Ra lroai Bond wi Ii the solidty and safety of
Real Estate Mortgage on Land worth more than twice
the amount loaned
These Gonds payable in 9OU-bear $40 per cent
interest in Gold, payable first of July and Januaryare
free OF u S. Taxare 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, sOO $780, and $1,000; Registered bonds
500 $500 81 600, $1,000 and $4,000.
The proceeds of all sales Of Land required be
voted by the Trustees Of the bondholders (Messrs Jay
Cooke and j. Edgar thompson, a Sinking Fund to
the purchase and cancellation of tho first mortgage
bonds temporarily to the payment ofnterest thereon
if necessary
EXCHANGING :J-2Os. In view Of the ability and
fixed policy OF the Go, ernment to call in its 52Os and
substitute low-uterest bonds 40 600 600 having been
called in for cancellation since September lst-many
holders o52Os exchanging thcm!or Northern Pacacs
thus adding 10 their principal the present premium on
Government Bonds and increasing their yearly interest
income nearly on,-thid
All marketable stocks and bonds Will be received at
current prices III exchange for Northern Pacific Seven
Thirties without expense 10 the investor
Forfdrther particulars concerning this Bond or pur-
chase the same, apply to the undersigned