Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1872-01-25
Tho Safe Investment OF Money!.

Tho pondlng negotiations between Messrs
Jay Cooke x Co. and the Rothschilds on the
ono hand, and the United States government
on the other, which negotiations promise to
result in funding the whole of our national
debt at 4, ~ and per cent. interest-vith a
saving to our taxpayers of at least twenty-five
million dollars ye2r-add new prestige to the
eminent American bankers above named, and
give Increased importance to their opinions Of
various Investment securities. In : financial
state the following facts about favorito rail-
road security now on the market:
BANKING HOUSE or jay Cooke Il Co.,
Philadelphia, January, 1872.
Tho Northern Pacific Railroad Company
offers to the public an investment 10 ;arity
Which combines the ready neSotiability, the
convenience. and the high credit of first
class Railroad Bond, with the solidity and
safety of Real Estate Mortgage or Land
worth ut least twice tho amount loaned.
TRAFFlc..As officially reported, tho gross
earnings OF 10 present Pacific Railroad
Union and CentraD for 1871. the second year
OF through business December earnings est.
mated, reach seventeen millions and quar-
ter. OF this, 65 per cent. is from local bust
noss, and, it is stated. fully IS per cent, or
nearly nine and half millions, are net over
operating expenses.
An equal traffic on the Northern Pacific
Road will pay dividend of moro than 81 per
cent. on its total cost. With its great and
unquestioned advantages in distance, grades,
Northern Pacific is assured Of vast and
profitable business from the outset, with
large increase for the failure.
IHE VALUE OF LAND GRANTs.-The average
price At which the twenty-six leading land
grant railroads have thus far sold their lands
10 viva per acre- the highest average 1T any
grant being $l3.98, and the lowest $3.O7. With
FEW 8XCenGlOnR tho Ap}f1A1n 41ssiro hna
steadily increased from gear TO gear. The
lands of the Northern Pacific Road are
admitted, by ell who have seen them, to be
better and mOre saleable than those Of most
other grants. but, sold 1t the general average
OF S7:01 per acre, they will yield more than
?lGl, o0o per mile Of road-more than three
times the possible cost Of construction and
equipment, or, At the lowest average of any
grant 30. O7), they will produce more than
500 per mile. These facts regarding Pa
clhc kallroa1 earnings, and the market value
OF railroad lands, n shown by actual sales to
settlers. show tho three-fold security of
Northern Pacific Railroad Bonds
CoNsTRUcT1oN.-Ther road il now completed
across Minnesota (255 miles); work is pro-
crossing westward through Dakota, and IS
miles are under construction ON the Pacific
coast. Including purchased lines, the North
ern Pacific Company now has under its man.
agement SIS miles Of finished track. Contracts
to be finished before the close Of 1872.
The $50 GOLD BONDS. Tho first mortgage
bonds OF this company, tohich. after full ia
UeStigdtiOn, ,ce strongly recommend as reliable
and unusually profitable Investment, and ,ohich
,.o,o stand among he solid and faporite securi-
ties Of the country, have the following leading
features:
l. They are exempt from United States tax:
the principal and interest are payable IN gold
the principal in thirty years, and the interest
seml-annually at tho rate Of $40 per cent
per annum. Denominations, from 800 to
$4,000. Present selling price, par and &C.
crued it terest in currency.
2. The bonds are . first and only mortgage
on the road. its equipments and earnings, and
also on a land-grant, which, on the the COM
nletiop Of ; the road will average $4,000 acres
3. They arc at all times receivable 1T 10 per
cent. premium 1.10, In payment or exchange
for the Company's land at market prices-a
provision which practically gives the holder
the power Of foreclosure 1T will.
4. The proceeds OF all sales Of land are re-
quired to he devoted by the trusts es of the
bondholders (Messrs. Jay Cooke and Ed
gar Thomson) a. sinking fund to the pur-
chase and cancellation of the first mortgage
bonds, or temporarily to the payment Of in
terest thereon il necessary.
EXCHANGING 5-20s.-In view of the ability
and fixed policy of the Government to call in
its 5-2Os and substitute low interest bond
sl40, 000, 900 having been called in for cancel.
)ation since September l-many holders OF
5-2Os are exchanging them for Northern Pa
cities. thus adding to their principal the pres
ent premium on Government Bonds, and
increasing their yearly interest income nearly
one third
All marketable stocks and bonds will BIZ
received at current prices in exchange to,
Northern Pacific Seven Thrties without ex-
pense to the investor.