Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-03-21

Sold in the United States during the month of
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 tho country.
This is because the Bends 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, or which the said
Company may hereafter acquire" The Land
Grant of the Northern Pacific Railroad will average
over % 600 acres to each mile 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 six land gran,
railroads have thus far sold their lands s704 per
acre-the highest average ofany grant being $I39s
and the lowest s3.07 With few exceptions, the
average selling price has increased forom wear to
year. The lands Of the Northern Pacific Road are
admitted, by all who have them, to be better
and more saleable than those ofmost other grants;
but, sold at the general average of s70l per acre,
they will yield more than sl6 600 per mile of road
more than three times the possible cost of con.
structon and equipment; or, at the lowest average
of any grant SOD they will produce mere than
$4,000 per mile, 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 Deeem-
Der earnings estimated), reach Seventeen Millions
and a Quarter. OF this 65 per cent. is from Local
Business, and, it is stated, fully 81 per cent or
nearly Nine and Half Millions, are net over oper.
ating expenses.
An equal traffic the Northern Pacific Road
will pay dividend of more than 95s per cent on its
total cost With its great and unquestioned adj
vantages in distance, grades, climate and tributar
fertile country, the Northern 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 Lands as shown
by actual sales to settlers show the unquestioned
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, distance
of 255 miles. On the Pacific coast ca miles are I'M
der construction, the greater part of which is
pleted-including purchased lines, the Northern
Pacific Company now have nearly 600 miles Of run
ming road. Contracts are let for the construction
of G35 miles MORE to be finished before the close of
1872.
WE WOULD RECOMMEND THE
GOLD BOND As ONE OF THE best AND
SAFEST SECURITIES NOW OEFEREI,
TO THE PUBLIC.
In this security combined the high credit Of
first class Railroad Bond, with the solidty and
safety of Real Estate Mortgage ON Land worth
more than twice the amount loaned.
These Bonds are payable in 19OO-bear $40 per
cent. interest in Geld, payable first of July and
January-are free of U. S. Tax-are 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 81 900; Registered bonds, 800, $500, 81, OOO
o., 900 and $4,000.
The proceeds of all sales of Land are required to
be devoted by the Trustees of the bondholders
(Messrs. Jay Cooke and j. Edgar Thompson), as n
Sinking Fund to the purchase and cancellation OF
the first mortgage bonds.
EXCHANGING 52-Os. In view of the ability
and fixed policy of the Government to call in its
52Os and substitute low-interest bond-$l4O,OOo,-
600 having been called in for cancellation since
September lst-many holders of 5-2Os 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 one-third.
All marketable stocks and bonds will be received
at current prices in exchange for Northern Pa
ci1c Seven Thrties without expense to the investor
For further particulars concerning this Bond or
purchase of the same, apply to the undersigned.
B. E. Potter & Bro,
feb2i.teod&wlm AUGUSTA, ME.