Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-02-28
THE POPULAR LOAN.
Northern Pacific Bonds !
S q @ O 5000
Ofthese bonds were sold in London and over
$ I. . 10000
Sold in the United States during the month Of
Jannary ~ '''' -

January. -
These Bonds have sold, during the past
year, to an extent unequalled by those of any
other Corporation. and they have now taken
their place among the solid and favorite Sc
curities of the country
This is because the Bonds are based upon the
amplest security, being a FIRST AND ONLY
MORTGAGE upon the railroad, franchises and
all the lands and property, and rights of property
real and personal now in possession by the North
ern Pacific Railroad Company, or which the said
Company may hereafter acquiren The Land
Grant of the Northern Pacific Railroad ill average
over %, 900 acres to each mile of road This land
is capable of producing abundance all the Fruit,
vegetables aud cereals of the Eastern or Middle
States.
THE VALUE OF LAND GRANTS.
The average price at which twenty. six land grant
railroads have thus far sold their lands is S04 per
acre-the highest average ofany grant being Sl3.9s
and the lowest 1907. With few exceptions the
average selling price has increased forom year to
year. The lands of the Northern Pacific Road are
admitted by all who have them, to be better
and more saleable than those ofmost other grants;
but, sold at the general average of $70i per acre
they will yield more than $l6I 900 per mile of road
more than three times the possible cost of con.
of any grant g o7)s they will produce mere than
$50 90 per mile, which is so per mile more than
the company allowed to issue bonds.
TRAFFIC on PACIFIC RAILROADS.
As officially reported, the gross earnings of the
present Pacific Railroad Union and Central) for
1871, the second year of through business tDeeem-
Der earnings estmated), reach Seventeen Millions
and Quarter. Of this Gj per cent. is from Local
Business, and, it is stated, fully IS per cent or
nearly Nine and Half Millions, are net over oper-
ating expenses.
An equal traffic the Northern Pacific Road
will pay a dividend of more than ga per cent on its
total cost With its great and unquestioned adj
vantases in distance, grades, climate, and tributar
fertile country, the Northern 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 Lands, as shown
by actual sales to settlers, show the unQuestioned
security Of No thern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
The road is completed to the eastern boundary
of Dakota the Red River of the North, a distance
of 255 miles. On the Pacific coast, 65 miles are I'M
der construction the greater part of which is
pleted,-including purchased lines the Northern
Pacific Company now have nearly 600 miles of run,
ming road. Contracts are let for the constructions
of 635 miles more, to be finished before the close of
1872.
WE WOULD RECOMMEND THE
NORTHERN PACIFIC SEVEN-THIRTY
GOLD BOND As ONE OF THE BEST AND
SAFEST SECURITIES NOW OFFERED
TO THE PUBLIC.
In this security are combined the high credit Of
a first class Railroad Bond, with the solidty and
safety of Real Estate Mortgage ON Land worth
more than twice the amount loaned.
These Bonds are payable in l90O-bear $40 per
cent, interest in Gold, payable first of July and
January-are free OF U. S. TaX-are receivable at
l0per cent premium for the Company's lands at
the Lowest Cash Price, and are issued in the fol-
lowing denominations Coupon bonds 800, $500,
and 81 900; Registered bonds, 800, $500, 81 600
$1,000 and $4,000.
The proceeds of all sales of Land are required to
be devoted by the Trustees of the bondholders
(Messrs. Jay Cooke and j. Edgar Thompson as n
Sinking Fund to the purchase and cancellation of
the first mortgage bonds.
EXCHANGING 52-Os. In view of the ability
and fixed policy of the Government to call in its
5-20s and substitute low-interest bonds l40 0OO,-
600 having been called in for cancellation since
september lst-many holders of 5-20s are exchang
ing them for Northern Pacfcs, thus adding to
their principal the present premium on Government
Bonds, and increasing their yearly interest income
nearly one.third
All marketable stocks and bonds will be received
at current prices in exchange for Northern Pa.
cifc -Thirtes without expense the investor
For further particulars concerning this Bond, or
purchase Of the same, apply to the undersigned.
B. E. Potter & Bro,
febal.t eod&wlm AUGUSTA ME-