Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-13

This because the Bonds are upon the ampest
security, beinga FIRsrAND ONLY MORTGAGE upon
the railroad, franchises aud all tue lau Is and property
and rights OF property, real and personal now in pos
session by the Nor hern Pacific Railroad Company, or
which the said Company may hereafter acquire" The
Land Grant Of the Northern Pacific Railroad will average
over $4,000 to each mile road THIS land is capa
be ofproducing in abundance all the FRUITS vcgetp-
bes and cereals ofthe Eastern or Middle States
THE VALUE OF LAND GRANDs.
The average price at which twentysix laud grant
railroads have thus sold their lands 81 o. per acre
the highest OF grant being Sl3 9s and the
lowest ssO7 With few exceptions the average selling
price has increased from year year The land, of the
Northern Pacific Road are admitted, by all who have
seen Them to he better AMI saabe than those Ct
most other grants but sold at the general average Of
s7Oi per acre. they will yield more than s6l 600 per
mile otroadmore than three times the possible cost Of
construction and equipment; or, at the lowest average
ofany grant 9O7, they will produce more 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 CentraD for 1871 the second
year of through business december earnings cstmae)
reach Seventeen Millions and Quarter. Ofts IS per
cent from Lee Business and it is stated fully So per
cent, nearly Nine AMI Half Millions, are net over
Oprrating expenses
An equal traffic the Northern Pacific Road will pay
dividend 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 vast and profitable business
from the outset with large increase for the future.
These facts regarding Pacific Railroad earnings, and
the market value of Railroad Lanus shown by actual
sales to settlers. show the unQuestloncd security of
Northern Pacific Railroad Bonds
CONSTRUCTION OF THE ROAD.
The road is completed the eastern boundary Of Da-
koa the Red River ofbe North. distance of 255 miles
On the Pacific coast miles under construction the
greater part ofwhich is purchased
lines the Northern Pacific Company now have nearly
800 miles of running road Contracts let for the
structon of 6a5 miles more, to be finished before the
close of 1872.
WE WOULD RECOMME END
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 first
class Railroad Bond, wi the solidi and safey of
Real Estate Mortgage on Land worth more than twice
the amount loaned.
These Bonds payable in l9OO-bear 3-lO per cent
interest in Gold payable first of July and January-are
free OFT S. Tax-are receivable 10 per cent premium
for the company's lands at the Lowest Cash Price
and issued in the following denominations
Coupon bonds S1OO $500 and $1,000 Registered bonds
500, $500 $1,000, $4,000 and $4,000
The proceeds all sales of Land are required to he de-
voted by the Trustees of the bondbolders Mcssrs Jay
Cooke and j. Edgar thompson, as a Sinking Fund 10
the purchase and cancellation of the first mortgage
bonds, temporarily the payment ofinterest thereon
ii necessary.
EXCHANGING I-2Os. In view of the ability and
fixed policy Of the Government to call in its SOS and
substitute ow-ncrest bond-sl4OOlO 600 having been
called in for cancellation since September lst-many
holders of52O are exchanging tcmor Northern Pacdcs
thus adding to their principal the present premium on
Government Bonds, and increasing their yearly Interest
income nearly ont 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