Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-03-04


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 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, now in possession by the North
ern Pacific Railroad Company, which the said
Company may hereafter acquireo 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 soi per
acre-the highest average ofany grant being sl3 IS
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 average of s70i per acre
they will yield more than slGl 900 per mile of road
more than three times the possible cost of con.
struction and equipment; or, at the lowest average
of any grant Is o7), they will produce more than
$4,000 permile which is so 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 CentraD for
1871, the second year of through business tDeeem.
Der earnings estimated), reach Seventeen Millions
and Quarter. OF this G5 per cent. is from Local
Business, and, it is stated fully 80 per cent OF
nearly Nine and Half Millions, are net over oper
| ating expenses.
| An equal traffic the Northern Pacific Road
will pay dividend of more than ~ per cent on its
total cost. With its great and unquestioned ad
vantases in distance, grades, climate, and tributar
fertile country, the Northern Pacific Is 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 unquestloned
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 Il distance
of 255 miles. On the Pacific coast G5 miles are I'm.
der construction, the greater part of which is COM
pleted,-including purchased lines the Northern
Pacific Company now have nearly GOO miles of run
nlpg road. Contracts are let for the construction
OF 6So miles more to be finished before the close of
1872.
WE WOULD RECOMMEND THE
NORTHERN PACIFIC SEVEN-TIIIRTY
GOLD BOND AS ONE OF THE BEST AND
SAFEST SECURITIES NOW OFFERED
TO THE PUBLIC.
In this security are combined the high credit of
a hrstclass Railroad Bond, with the solidity and
safety ola Real Estate Mortgage on Land worth
more than twice the amount loaned
These Bonds are payable in l9O0-bear $40 per
cent interest in Gold, payable first OF July and
January-are free OF l.. 5. Tax--arc receivable at
l0per cent. premium for the Company's lands at
the Lowest Cash Price, and are issued in the fol
lowing denominations; Coupon bonds, $780, $500.
and 81 600; Registered bonds, 500, $500, 81 900
s. 600 and $40 600.
The proceeds Of all sales of Land are required to
be devoted by the Trustees of the bondholders
(Aiessrs. Jay Cooke and j. Edgar Thompson) as a
Sinking Fund to the purchase and cancellation of
the first mortgage bonds.
EXCHANGING 52-Os. In view of the ability
and fixed policy of the Government to call in its
5-2os and substitute low-interest bond-sliO 600.
600 having been called in for cancel ation since
september lst -many holders of 20s are exchang
ing them for Northern Pacifcs, thus adding to
their principal the present premium on Government
Bonds, and Increasing their yearly interest income
nearly third. ---
All marketable stocks and bonds will be received
at current prices in exchange for Northern Pa
cihc sevenThires without expense to the inv stor
For further particulars concerning this Bond, or
purchase oft the same, apply to the undersigned.
B. E. Potter & Bro,
feb2+teod&wlm AUGUSTA, ME-