Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-25

This because the Bonds are based upon the ampest
security, being FIRST AND ONLY MORTGAGE upon
the railroad franchises and all the lans and property
and rights of property, and personal now in pos
session by the Northern Pacific Railroad Company, OF
which the said Company may hereafter acquire" The
Land Grant ofhe Northern Pacific Railroad will average
over $4,000 acres each mile of road This land is
bic ofproducng in abundance all the FRUITS vegeta-
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 is 500 per acre
the highest average of grant being $685. and the
lowest sSOi With few exceptions, the average selling
price has increased from year year The lands of the
Northern Pacific Road admitted by all who have
seen them to be better and more saabe than those Of
most other grants but sold at the general average
s7O per acre, they will yield more than Sl6l 900 per
mile ofroad-more than three times the possible cost of
construction and equipment or the lowest average
of any grant GOD they will produce more than $4,000
per mile, which is $4,000 per mile 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 CentraD for 1871 the second
year of through business December earnings esmated)
reach Seventeen Millions and Quarter otthis IS per
cent is from Loo Business and it Is stated fully S. per
cent or nearly Nine and Half Millions are net over
operating expenses.
An equal traffic the Northern Pacific Road will pay
dividend gilmore than 81 per cent on ITS total cost
With its great and unquestOned advantages in distance
grades climate and tributary fertile country the North
e Pacific is assured of vast and profitable business
from the outset with large increase fer the future
These facts regarding Pacific Railroad earnings, and
the market value of Railroad Lands, shown by actual
sales to settlers. show the unquestoned security of
Northern Pacific Railroad Bonds
CONSTRUCTION OF THE ROAD.
The road is completed to the eastern boundary of Da-
kOta the Red River ofhe North distance of 255 miles
On the Pacific coast IS miles are under construction the
greater part Ofwch is completed includng purchased
lines, the Northern Pacific Company now have nearly
6Omes of running road Contracts are let for the con-
structon of 635 miles more, to be finished before the
close of 1871
WE WOULD RECOMM 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 combined the high credit of first
class Railroad Bond, with the soIidty and safety of a
Real Estate Mortgage on Land worth more than twice
the amount leaned.
These Bonds payable in l9OO-bear $40 per cent
interest in Gold payable first of July and January are
free of L. s. Taxare receivable at 10 per cent premium
for the Companys lands at the Lowest Cash Price
and are issued in the following denominations:
Coupon bonds, SOO, $780, slOOO Registered bonds
500, $500, $1,000, $1,000 and $4,000.
The proceeds of all sales of Land required to be de-
voted by the Trustees of the bondholders essrs Jay
Cooke and j. Edgar Thompson) as a Sinking Fund to
the purchase and cancellation of the first mortgage
bonds, temporarily to the payment ofinterest thereon
it necessary.
EXCHANGING 5-aOs. In view of the ability and
fixed policy of the Government call in its 52Os and
substitute ownterest bond-Sl4O O0OO 900 having been
called in for cancellation since September Ist-many
holders of52O exchanging themor Northern Pacfcs
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 ofthe same, apply to the undersigned