Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1872-01-25

The pending negotiations between Mcssrs.
Jay Cooke 81 Go. and the Rothschids
on the one hand, and the United States
Government on the other, which negOtia.
tions promise to result in funding the
whole Of our National debt at 4, AZ,
and per cent, interest, with "A saving to
our tax payers of at least Twenty five
Million Dollars "A year, add new prestige
to the eminent American bankers above
named, and give increased importance to
their opinions of various investment Sc
curities.
Messrs. Jay Cooke IL Co. state the follow
ing facts about favorable Railroad Sc.
curity now on the market
OFFICE or JAY COOKE q Co. BANKER
PHILADELPHIA, January, 1871
The Northern Pacific Railroad Compa-
ny offers to the public an investment
security which combines the ready nego-
liability, the convenience, and the high
credit Of "a iirst-class Railroad Bond, with
the solidity and safety Of a Real Estate
Mortgage on Land worth at least twice
the amount loaned.
Traffic AS officially reported, the gross
earnings Of the present Pacific Railroad
Union and Central) for 1871, the second
year Of through business, december
earnings estimated reach Seventeen Mil.
lions and Quarter. OF this, G5 per cent.
is from Local business, and it Is stated,
fully 80 per cent, or nearly Nine and a
Half Millions, are net over operating ex-
penscs.
An equal traffic on the Northern Pacific
Road will pay dividend of more than
81 per cent. on its total cost. With its
great and unquestined advantages is dis
lance, grades, climate and tributary fer
tile country, the Northern Pacific il
assured of vast and profitable business
from the outset, with large Increase for
the future.
Tie Vaiue Of Lond Grants. The average
price at which the twenty-six leading
Land grant Railroads have thus far sold
their lands is S704 per acre--the highest
average Of any grant being sl3.sS, and
the lowest 1901 With few exceptions,
tie arerogc seliing prize has steadty u.creased
fr0m year 10 gar. The lands Of the North
ern Pacific Road are admitted, by all who
have seen them, 10 be better and more
salable than those Of most other grants,
but. sold AT the general average Of x7.O4
per acre, they will yield more than $1Gl,
900 per mile Of road-morc than three
times the possible cost of construction and
equipment or, at the lowest average
Of any grant (S300, they will produce
more than $4,000 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.
Constr,tctioa. road il 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 $50 miles more, to be
finished before the close of 1872.
The 100 Gold Bonds The first mort
gage bonds Of this company, soh;ch, aftey
fuH inpeatgatien, acc strongly recommend "a
rciiaJle and unusually profitable inoest
ment, aad @hseh no~ stand among the sossd'