New-York tribune., 1872-03-28
BANKING AND FINANCIAL.
INVESTING MONEY.


In its First Mortgage Gold Bonds the Northern
Pacific Railroad Company furnishes to the public
investment security which combines the ready Dego-
liability the convenience, and the bigh credit of
frst-class Railroad Bond with the soldity and
safety OF q Real Estate Mortgage On Land worth at
least twice the amount loaned
These Bonds, uhich, after full iaresfi1d'ion. Te
str onqly recommend as reliable and unusually profa-
Bile Investment. and ohich stand among the most
solid and rorite securities. have the following leading
features
/. The issue is limited to $4,000 per mile Of road
holders are exempt from United States tax the
principal and interest are payable in God-the prn-
cipal in thirty years. and the interest lat the Bank
ing House of Jay Cooke q Co., New-YOrk) semi
annually, 1st of January and July, at the rate Of
$40 per cent per annum-nearly g. per cent cur
rency DENOMINATIONS Coupon. 900, $500, and
$1,000; Registered, $1OO, $500. $1,000 5000, and
$4,000 Present selling price, PAR AND ACCRUED
INTEREST IN CURRENCY.
9. The Bonds are first and only Mortgage on the
Road, its Equipments, and Earnings and also on ~
Land Grant which, on the completion OF the Road,l
will exceed 1000 to each mile OF track or 500
acres Of Land to secure each $1,000 bond
3. They are at all times receivable at 10 per oenf
premium Il l0 in payment exchange for the Com
pany's Land at market prices-a provision which
practically gives the holder OF tnesc mortgage pohS
the power Of foreclosure at will.
f. The proceeds of all sales of Land are required to
be devoted by the Trustees of the Bondholders as n
Sinking Fund to the purchase and cancellation OF
the First Mortgage Bonds, temporarily to the
payment of interest thereon if necessary This pro-
vision will make the Railroad Company itself con-
slant and heavy purchaser of its own securities IN
the open market from the time the Road is com
pleted until the bonds mature or are all bought inc
The effect of this will naturally be steady rise in
the value of the bonds.
EXCHANGING UNITED STATES 5-2Os.
Tn view of the ability and fixed policy of the Gov
ernment to call in all its 520s and substitute low
interest bond many holders Of 5-20s are exchanging
them for Northern Paccs, thus adding to their prn-
| cipal the present premium on Government Bonds,
and increasing their yearly interest income nearly
One-third.
All marketable stocks and bonds will he received
| by express or otherwise at current prices, IN eX-
change for Northern Pacific Seyen-Ihiriies "ithouo
| expense TO the investor.
| Pamphlets and full information will be tnrnished
on application JAY COOKE " Co.,
| New-York, Philadelphia, and Washington,
Financial Agents Northern Pacific Railroad Company,
| For sale by Banks and Bankers generally.
| TIE ST. JOSEPH AND DENVER CITY RAILROiD
| CoMPANY's FIRST MORTGAGE BONDS are being alb
| sorbed by an increasing demand for them.
Secured as they are by first mortgage on t.o
| Road Land Grant Franchise and Equipments, corn-
bined in one mortgage, they command at once ~
ready market
| A Liberal Sinking Fund provided in the Aortfaec
Deed must advance the price upon the closing OF
the loan. Principal and interest payable III go.d'
Interest at eight S per cent per annum Payable,
oemi-annuollv. free of tax. Principal in thirty
years Denominations, $1,000, $500, and 500 coa-
| pons or Registered.
Price 97J and accrued interest, in currency, iTrd
| February Il, 1872.
Maps. Circulars, Documents, and Information fare
| nished.
Trustees, Farmers Loan and Trust Company ID
| New-York.
| Can now be had through the principal Banks and
Bankers throughout the country, and from the un-
dersigned, who unhesitatingly recommend them
| TANNER IL Co., Bankers,
| No. IL Wall-st, New-York.