Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-03-20


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 Bends are based upon the
amplest security, being 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 mag hereafter acquire.n The Land
Grant of the Northern Pacific Railroad will average
over % 600 acres to each mile of road This land
is capable reproducing in abundance all the Fruits
Vegetables and 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 1904 per
acre-the highest average ofany grant being $l3 49,
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 seen Them to be better
and more saleable than those ofmost other grants;
but, sold at the general erage of $104 per acre,
they will yield more than S6l 900 per mile of road
more than three times the possible cost of con.
structon and equipment OF, at the lowest average
of any grant GOD, they will produce msle than
$40 600 per mile which is $50 90 per mile more than
the company are allowed to issue bonds.
TRAFFIC ON PACIFIC RAILROADS.
As officially reported, the gross earnings of the
present Pacific Railroad Union and Centra) for
ISL, the second year of through business (Deeem-
Der earnings estInated), reach Seventeen Millions
and Quarter. OF this 65 per cent. is from Local
Rn. md 10 efataI T.NI,r
nearly Nine and Half Millions, are net over oper.
ating expenses.
An equal traffic the Northern Pacific Road
will pay dividend of more than 90 per cent on its
total cost With its great and unquestoned adj
vantages in distance, grades climate, and tributar
fertile country, the Northern Pacific assured of
vast and profitable business from the outset, with
a 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 unquestoned
security of Northern 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 COM
pleted ,-including purchased lines, the Northern
Pacific Company now have nearly COO miles of run
ming road Contracts are let for the construction
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
first class Railroad Bond, with the solidity and
safety of Real Estate Mortgage on Land worth
more than twice the arnoupt loane1
These Bonds are payable in l9O0-bear $40 per
cent interest in Gold, payable first of July and
January-are free OF U. S. Tax-are receivable at
loper cent. premium for the Company's lands at
the Lowest Cash Price, and are issued in the fol-
lowing denominations: Coupon bonds, 800, $780,
and 81 900; Registered bonds, 800, $500 81 ,OO0
q, 900 and $4,000.
The proceeds Of all sales of Land are required to
(Messrs. Jay Cooke and j. Edgar Thompson), as a
Sinking Fund to the purchase and cancellation of
the first mortgage bonds.
EXCHANGING 53-Os. In view of the ability
and fixed policy of the Government to call in its
5.20s and substitute lownterest bond-$l4O,O OO,-
900 having been called in for cancellation since
September lst-many holders of 5-20s are exchang.
ing them for Northern Paci6cs, thus adding to
their principal the present premium on Government
Bonds, and increasing their yearly interest income
nearly onethird.
All marketable stocks and bonds will be received
at current prices in exchange for Northern Pa.
cidc SevenThrties without expense to the investor.
For further particulars concerning this Bond or
purchase of the same, apply to the undersigned.
B. E. Potter & Bro,
feb24-teod&wlm AUGUSTA, ME.