Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-27
SiitaneiaI.


NORTHERN PACIFIC
RAILROAD
Have sold, during the past year,
to an extent unequaIIed by those of
any other Corporation, and they have
now taken their place among the
solid and favOrite securities of the
country.
This is the Bonds based upon the amplest
security, being a FIRsrAND ONLY MORTGAGE upon
the Railroad franchises and all the Ian Is and property
and rights of property real and personal now in pos
session by the Northern Pacific Railroad Company or
which the said Company may hereafter acquire" The
Land Grant ofthe Northern Pacific Railroad will average
over $4,000 mile road This land is capa
bic ofproduclng in abundance all the FRUITS ycgeta-
bles and cereals ofthe Eastern or Middle States.
NALI H OE' IsAN I'd u Ii An DS.
The average price at which twenty-six land grant
railroads have thus far sold their lands is 7O4 per acre
the highest average of grant being sl39s, and the
lowest s3O7. With few exceptions the average selling
price has increased from year year The lands of the
Northern Pacific Road arc admitted, by all who have
them TO be better AMI more saabe than those of
most other grants but sold the general average of
s7Oi per acre. they will yield more than sl6l 900 per
mile ofroad-more than three times the possible
construction and cquipment or the lowest average
OF any grant 900 they will produce more than $4,000
per mile which is $4,000 per mile than the
peny are allowed TO issue bonds.
TRAFFIC ON PACIFIC RAILROADS.
As officially reported the gross earnings of the present
Pacific Railroad Union and CentaD 1871. the second
year of through business December earnings esmaeD
reach Seventeen Millions and Quarte. this 65 per
cent is from Loo Business and is stated fully S. per
cent or nearly Nine and Halt Millions, are net over
operating expenses.
An equal traffic the Northern Pacific Road will Fay
dividend of more than 81 per cent Its total
With its great and unquestoned advantages in distance
grades climate, and tributary fertile country the North
Pacific is assured of 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 by actual
sales to settlers. show the unquestioncd security of
Northern Pacific Railroad Bonds
CONSTRUCTION OF THE ROAD.
The road is completed the eastern boundary Of
koa the Red River ofihe North distance of 255 miles
On the Pacific coast IS miles are under construction the
greater part ofwhch is mplete1,-ncuding purchased
lines, the Northern Pacific Company now have nearly
$40 miles of running road Contracts are let for the con-
sruction of 635 miles more to be finished before the
close of 1872.
WE WOULD RECON- MEND
THE NORTHERN Pacific SEVEN
THIRTY GOLD BOND AS ONE OF
THE BEST AND SAFEST SEoURI-
TIES NOW OFFERED TO THE
PUBLIC.
this security are combine the high credit of first
class Railroad Bond, with the sodily and safety of
Real Estate Mortgage Land worth more than twice
the amount loaned.
These Bonds payable in 19OO-bear 3-0 per cent
interest in Gold payable first of July and January-are
free ofU S. Tax-are receivable at 10 per premium
for the Compsny's lands at the Lowest Cash Price
and are issued in the following denominations;
Coupon bonds $780, $780, and $1,000; Registered bonds
slOO $780, $1,000 $4,000 and $4,000.
The proceeds all sales of Land required to be de-
voted by the Trustees of the bondhoders (Mcssrs Jay
Cooke and J. Edgar Thompson), Sinking Fund to
the purchase and cancellation of the first mortgage
bonds, temporarily to the payment ofnterest thereon
il necessary.
EXCHANGING 5-2Os. In view of the ability and
fixed policy of the Government to call in It's 5-2Os and
substitute ow-nterest bond-sl4OOOO 600 having
called in for cancellation since September lst-many
holders 2Os exchanging hem!for Northern Paccs
thus adding their principal the present premium
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 Pacific Seven
Thirties without expense TO the investor.
For further particulars concerning this Bond pur
chase of the same, apply to the undersigned.