New-York tribune., 1872-06-20
BANKING AND FINANCIAL.
TIE NORTHERN PACIFIC RAILROAD.

TIE NORTHERN PACIFIC RAILROAD.
On tho completion of existing contracts for the
present season. the Northern Pacific Railroad Com
pany will have in operation 5l7 miles Of It's main
line while an additional distance of as miles Is now
being located and prepared for contract. The
Eastern Division. TO be completed this year. VIII
unite Lake Superior with the Missouri River, and
will at once and permanently command the very
largo and profitable traffic of the Upper Missouri,
Montana Territory and Northern Idaho.
In addition TO the extensive and assured carrying
trado awaiting this section, the 5l7 miles OF finished
road will at once cnttle the Company TO Ten Million
Three Hundred and -Four Thousand QO3OiOOG acres
of the Lands granted by the Government. These
lands situated on either side of the track IN Central
Minnesota Eastern Dakota, and in the valley of the
Columbia on the Pacific Coast, are directly in the
path of emigration and settlement are well supplied
with timber, are convenient to cheap coal ana eobd
markets have soil of good average quality, and an
ADEQUATE ran-fall With these advantages they will
have q rapid sale at fair prices. Portions Oh the
grant in Minnesota are already in market and sales
arc being made.
With these accomplished results the Company,
through its Financial Agents offers for sale at par
and accrued interest its
FIRST MORTGAGE GOLD BoNDs
which bear Seven and Three Tcnths per cont, con
interest and have the following elements OF security:
l. They are the standard obligation Of strong Cos
porate Company. Q. They are first mortgage on
the Road it's Right Of Way, Rolling Stock, Telegraph
Line. Equipments and Franchises. g. Iney are 4
first lien on the Traffic net Earnings OF tho Com
pany The net Receipts of the Union-Central Faeih;
Road in lis second year of business, were equal %
nine per cent on the total estimated cost Oh the
Northern Pacific d. They are First and only
80. .IoI f, tlA(
amounting, on completion of the Road. to about
@ 900 acres per mile of track. Sold at the average
price realized by other grants, these Lands VIII PM
duce moro than three TIMES the total ISSUE 4 bons
per mile. The Bonds are at all times convertible at
10 per cent premium into the COmpanys Lands at
market prices.
Holders of u s. 5-9Os or the less productive cor
porate securities may materially increase their lrn-
cipal and their Interest Income by exchanging mem
for NolthoIn Pacific 1905 which We recommend IS
a profitable and secure investment.
JAY COOKE & Co..
PHILADELPHIA, New York, and Washington,
Financial Agents Northern Pacific Railroad 20.
For sale by Banks and Bankers generally.
TIE ST. JOSEPH AND DENVER CRY RAILROAD
CoMrANYs FIRST MORTGAGE BONDS are being alb
sorbed by an increasing demand for them.
Secured aS they are Oy nTSt ho'Is'50 VIZ '''O
Road, Land Grant, Franchise, and Equipments COM
bined in ono mortgage, they command at once
ready market
A Liberal Sinking Fund provided in the Mortgage
Deed must advance the prico upon the closing OF
the loan. Principal and interest payable IN goa'
Interest at eight (S per cent per annum Payable
semi annually, free of tax. Principal IN thirty
years. Denominations, $1,000, $780, and 500 Cou-
pOns or Registered.
Price 97l and accrued interest, in currency, from
| February Is, 1872
Maps. Circulars, Documents, and information fur
nishcd.
| Trustees Farmers Loan and Trust Company of
Ncw-Yorli.
Can now be had through the principal Banks and
Bankers throughout the country, and from The un-
dersgned, who unbestatingly recommend them.
TANNER g. Co.. Bankers,
No. II Wall-st. New-YorB.