Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-09
Gbs 9aip Spy adturaser Gusoap unmg yanuarp g. 1872
SinantiaI.

SinantiaI.
HAVE YOU
MONEY
10 VEST ?.
7-3O
Gold Bonds
NORTHERN PACIFIC
RAILROAD
Have sold, during the past year,
to an extent umeQualled by those of
any either Cooperation, and they have
now taken their place among the
solid and fayOrite securities of the
country,
This because the Bonds are upon the amplest
security being FIRST AND ONLY MORTGAGE upon
the railroad franchises and all the Ian and property
ami rights OF property, real and personal now in pos
session by the Nor hem Pacific Railroad Company or
which the said Company may hereafter acquire" The
Land Grant ofhe Northern Pacific Railroad will average
over $4,000 acres to each mile road This land capa
bic producing in abundance all the FRUITS Vegeta-
bIcs and cereals ofthe Eastern or Middle States.
THE VALUE OF LAND GRANDs.
The average price at which twenty-six land grant
railroads have thus sold their lands 81 % per
the highest of any grant being SI39s and the
lowest s3Ol With few exceptions, the average selling
price has increased from year to year The lands of the
Northern Pacific Road are admitted, by all who have
them TO be better and more salablo than those ct
most other grants; but sold the general average
SlA per acre they will yield than sl6l 600 per
mile oroad-morc than three times the possible cost of
construction and equipment; OF, the lowest average
OF any grant g 90 they will produce than $4,000
per mile, which is 10000 per mic more than the
pany are allowed to issue bonds.
TRAFFIC ON PACIFIC RAILROADS.
As officially reported the gross earnings of the present
Pacific Railroad Union and CentraD 1871. the second
year through business December earnings esmatei
reach seventeen Millions and Quarter OF this G5 per
cent from Lee Business, and it is stated, fully IS per
cent, ornearly Nine and Half Millions are net over
operating expenses
An equal traffic the Northern Pacific Road will pay
dividend gilmore than 81 per cent on It's total cost
With its great and unqucstoned advantages in distance
grades climate and tributary fertile country, the North
Pacific is assured of vast and profitable business
from the outset, with large increase for the future
These facts regarding Pacific Railroad earnings, and
the market value OF Railroad Lanas shown by actual
sales to settlers. show the unquestoncd security of
Northern Pacific Railroad Bonds.
CONSTRUCTION OF THE ROAD.
The road is completed to the eastern boundary of Da-
kotl the Red River ofthe North distance of ?55 miles
On the Pacific coast 65 miles are under construction the
greater part ofwnch is completed INCLUDING purchased
lines the Northern Pacific Company now have nearly
800 miles of running road Contracts are let for the con-
struction of 685 miles more, to be finished before the
close of 1872.
WE WOULD RECONIM END
THE NORTHERN Pacific SEVEN
THIRTY GOLD BONO AS ONE OF
THE BEST AND SAFEST sECURI-
TIES NOW OFFERED TO THE
PUBLIC.
In this security combine the high credit of first
class Railroad Bond with the soldity and safety of
Real Estate Mortgage on Land worth more than twice
the amount loaned.
These Bonds payable in I9OO-bear $40 per cent
interest in Gold payable first of July and January-are
free OFT. $. Taxare receivable at 10 per cent premium
for the Company's lands at the Lowest Cash Price
and issued in the following denominations
Coupon bonds, slGO $780, and $1,000 Registered bonds
| SlOO, $500, $1,000, $1,000 and $4,000
The proceeds of all sales Land are required to de-
voted by the Trustees of the bondhodes Mcssrs Jay
Cooke and j. Edgar Thompson), Sinking Fund to
the purchase and cancellation of The first mortgage
bonds or temporarily to the payment interest thereon
il necessary.
EXCHANGING 5-2Os. In view of the ability and
fixed policy the Government to call in its 5-2Os and
substitute low-nerest bond-sl4OO 600 having been
called in for cancellation since September lst-many
holders of52Os exchanging themor Northern Pacacs
thus adding their principal the present premium on
Government Bonds, and increasing their yearly interest
| income nearly one-t third.
All marketable stocks and bonds will he received at
current prices in exchange for Northern Pacific Seven
| Thirtes without expense to the investor.
For further particulars concerning this Bond or pur-
chase of the same, apply to the undersigned.
S.AM'l T.. BIGELOW.
SECRETARY