The Portland daily press., 1872-02-27
NEW ADVERTISEMENTS
THE POPULAR LOAN.

Sold in the United States during the month Of
January.
These Bonds have sold, during the pass
year, TO nm extent unequalled by those Of
any other Corporation, and they have now
taken their place among the solid and fa-
vOrite securities of the country.
This is because the Bonds 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 in possession by the Northern
Pacific Railroad Company, or which the said Compa-
ny may hereafter acquire" The Land Grant of the
Northern Pacific Railroad will average over $4,000
acres to each rile of road This land is capable of
producing 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 sixland grant
railroads have thus far sold their lands s7o4 per
acre-the highest average of any grant being $685.
and the lowest s3.o7. With few exceptions the av.
erage selling price has increased from year to year.
Thelands OF the Northern PaeiAcRoad are admitted
by all who have seen them, to be better and more
saeable than those of most ether grants but sold at
the general averageof S704 per acre. they will yield
more than 900 per mile of roadmore than three
times the possible cost of construction and equip
uicuI, III luo lOWeSI average VI any grant (3.UJC
they will produce than 5000 per MILE which
is $50 900 per mile than the company are allow
ed to issue bonds. -s G1
TRAFFIC ON PACIFIC RAILRO ADS.
AS officially reported the gross earnings of the pres
ent Pacific Railroad (Union and CentraD for 1871, the
second year of through business December earnings
estimated) reach Seventeen Millions and Quarter
OF this IS cent. is from Local Business and it
stated, fully IS percent. or nearly Nine and Half
Millions, are.net.over operating expenses.
An equal traffic on the Northern Pacific Road will
pay dividend Of more than 81 per cent. its total
cost With Its great and unquestioned advantages in
distance, grades climate and tributary fertile coun-
try, the Northern Pacific is assured Of vast and
profitable business from the outset with large in
crease 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 Northern Pacific Railroad Bonds.
CONTRIBUTION OF THE ROAD.
The road is completed to the eastern boundary of
Dakota the Red River of the North, distance of
255 miles. On the Pacific coast, 65 miles are under
construction, the greater part of which is completed
including purchased lines the Northern Pacific Com
pany now have nearly 600 miles Of running road.
Contracts let for the construction of 635 miles
more, to be finished before the close of 1872
, WE WOULD RECOMMEND THE
NORTHERN PACIFIC SEvEN-THIR.
TY GOLD BOND AS ONE OF THE
BEST AND SAFEST SECURITIES
NOW OFFERED TO THE PUBLIC.
In this security combined the high credit Of
rstcass Railroad Bond, with the solidity and safe
ty of Real Estate Mortgage on Land worth more
than twice the amount loaned
These Bonds are payable in 1900-bear $40 per
cent. interest in gold payable first of July and JAN
uary-are free of u S. Tax-are receivable at 10 per
cent. premium for the Company's lands at the Low
est Cash Price, and are issued in the following de-
nominations: Coupon bonds, 500, $500, and ,O0O
Registered bonds, $780, $500, $1,000, $4,000 and
$4,000. EaE ... .ss...s ..
The proceeds of all sales of land are required to
be devoted by the Trustees of the bondhoders
(Messrs j. Cooke and j. Edgar Thompson) as
Sinking Fund to the purchase and cancellation of
the first mortgage bonds.
EXCHANGING J-2O,s. In view of the ability
and fixed policy of the Government to call in its
5-20's and substitute lowinterest bond-S140, 000,-
900 having been called in for cancellation since Sep
TENDER 1st-many holders of 5-20's are exchanging
them for Northern Pacifcs 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 Pacific
Seven-Thirties without expense to the investor.
For further particulars concerning this Bond or
purchase of the same, apply to the undersigned.
SWAN g. BARRETT,
H. M. PAYsON, SO
w. K. WOOD,
feb 27-T&T&S&w4w