Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1872-01-25

is from Local business, and, it is stated,
fully So per cent, or nearly Nine and
Half Millions, are net over operating ex-
penses.
An equal traffic on the Northern Pacific |
Road will pay dividend of more than
915 per cent. on its total cost. With its /
great and unquestioned advantages is dis |
tance, grades, climate and tributary fer
tile country, the Northern Pacific Is
assured of a vast and profitable business
from the outset, with large increase for
the future
The Value Of Land Grdnts.-The average |
price at which the twenty-six leading
Land-grant Railroads have thus far sold
their lands is S7.04 per acre-the highest
average of any grant being S13.9S, and
the lowest 1907. With few exceptions,
tie Average selling price has steadily Increased
from gear to gear. The lands of the North
ern Pacific Road are admitted, by all who
have seen them, to be better. and more
salable than those of most other grants,
but, sold at the general average of $7.O4
per acre, they will yield more than S161,
600 per mile of road-morc than three
times the possible cost of construction and
equipment or, at the lowest average
of any grant ($3.00, they will produce
more than $40, 900 per mile. These facts
regarding Pacific Railroad earnings, and
the market value of Railroad Lands, as
shown by actual sales to settlers, show
the three-fold security of Northern Paci-
fic Railroad Bonds.
COHStTUetsOn.-The road is now COM
pleted across Minnesota, (255 miles, work
is progressing westward through Dakota,
and 65 miles are under construction on
the Pacific coast. Including purchased
lines, the Northern Pacific Company now
has under its management 575 miles of
finished track Contracts are let for the
construction of 635 miles more, to be
finished before the close of 1872.
TIE 7-30 Gold B0Rds.-The first mort
gage bonds of this company, aohieh, after
frU Investigation, are strongly recommend as
a reliable and unusually profitable incest
me1lt, and ,rhich nOao stand among the solid
and .fdUorite securities Of Tie country, have
the following leading features:
/. They are exempt from United States
tax the Principal and Interest are paya-
BILE in gold-the principal in thirty years,
and the interest semi-annually at the rate
! of z $40 per cent per annum. Denomi-
nations, from 800 to $4,000. Present
selling price-par and accrued interest in
currency.
2. The bonds are a first and only Mort
/ gage ON the Road, its Equipments and
f Earnings, and also on a Land Grant
which, on the completion of the Road
will average 90, 600 acres to each mile Ot
track.
3. They are at all times receivable at II
per cent. premium d.1O), in payment ol
: exchange for the Company's Land a
market prices-a provision which practi
e cally gives the holder the power of fore
, closure at will.
s 4. The proceeds of all sales of Land arr
quired to be devoted by the Trustees o
r the bondholders (Messrs. Jay Cooke anC
}. j. Edgar Thomson), as Sinking Fund t.
1 the purchase and cancellation of the first
S mortgage bonds, or temporarily to tn,
r payment of interest thereon if necess ~
j. Exchanging 5-20s-In view ofsthe abilit,
S and fixed policy of the Government t.
4 call in its 5-20s and substitute a low-inteT
4 est bond-S140, ,000, 600 having been calleC
e in for cancellation since September 1st-
/, many holders of 5-20s are exchanging then
4 for Northern Pacifics, thus adding to thei
e principal the present premium on Govern
!, ment Bonds, and increasing their yearl.
/ interest income nearly one-third.
c All marketable stocks and bonds will b
n received at current prices in exchange TO
It Northern Pacific Seven-Thirties withou
b expense to the investors.
d JAY COOKE & Co,
a Philadelphia New York and Washington, FinaI
!, cial Agents Northern Pacific Raiload-
= = For sale by Banks and Bankers generally