New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-13
BANKING AND FINANCIAL.

The heavy sales Of Northern Pacific 730 Gold
Bonds show their great popularity with investors,
and it is because Of their absolute safety, both as
frst-class railroad security and real estate mort
gage on lands worth twice the amount secured, that
we recommend them to the public.
The net earnings of the present Union and Central
Pacific Railroad for 1871 are officially reported at
nearly S95OOOOO. An equal traffic on the Northern
Pacific will pay net dividend of more than NINE
AND HALF per cent on its entire cost.
The average price at which 2G leading Land Grant
Roads have TO this date sold their lands is 81 Oh per
acre. Sold at the price the Grant Of the
Northern Pacific Company will produce more than
$4,000 per mile of Road more than three times the
total possible cost of construction and equipment
These facts regarding Pacific Railroad earnings,
and the market value of Railroad Lands, as shown
by actual sales to settlers show the threefold secu
rity of Northern Pacific Railroad Bonds which we
are offering at par in cnrrcncyi
Many millions of these Bonds were sold the past
year, and the demand so far in January is very
active at all the agencies. The large profits. both
immediate and annually in the way of interest, is
inducing a free exchange Of j-20s into Northern
Pacifics and this will naturally continue to increase
as the Government proceeds with its redemption of
the CPS.
Maps. pamphlets. and full information will be fur
nshed on application TO Banks and Bankers, agents
for the loan throughout the United States and
Canada. JAY COOKE X Co..
Ncw-Yclk, Philadelphia and Washington
ST. IosrpH AND DENVER CITY RAILROAD CoNrNYS
FIRST MORTGAGE SiSHNG FUND LAND GRANT
BONDs,
BEARING LIGHT PER CENT IS p e. INTEREST PAlA-
BILE IN GOip.
FREE OF TAX,
nd
can be obtained from the undersigned, OF through
The principal banks aud bankers throughout the
United States.
The attractive features Of these Securities are re-
cognized in the fact that. although they have been
but a short time on the market, they are nearly all
absorbed, and but n small amount are now for sale
They combine perfect security with liberal
rate of interest This interest account is made hight
for and easily borne by, the Company through the
operation of the Sinking Fund created from sales OF
the Company's land which in many cases draw IN
tcrest at the rate of ten 90 per cent per annum.
The security behind them is ample in every rartcu-
lar as they constitute first and only mortgage on
trunk line of railroad which will soon connect the
city of ST. Joseph, Mo. ian important railway CEN
teri with the Union Pacific Railroad at Fort
Kearney materially shortening the distance between
the Atlantic and Pacific coasts. In addition TO this
the bonds have a further security in the fact that
there Is included IN the hOllpuEc inc O'lhIdhS .
magnificent Lands, amounting to 100000 acres
known 10 be among the best i'll the United States
The Mortgage indentme prohibits the sale Of these
Lands at less than Four "a Dollars per acre, and pay
able TO the Trustees under the Mortgage, for the
clear and express purpose Of retiring these Bonds.
The amount thus realized exceeds the entire
amount Of Bonds which can be issued, and
leaves the road property and franchises free.
The Bonds have thirty years to run, with interest
at Eight Per Cent free of tax, payable February and
August in each year
Both principal and interest are payable in gold.
The principal in New-YoIk. The interest III either
New-York, London or FTankfort-onthe-Alai at the
option Of the holder without notice and in the gold
currency of the country in which they are presented.
They are coupons or registered.
Trustces-Farmers' Loan and Trust Company
The present price Of these bonds is 9 and accrued
interest in currency from August Il, 1871. But they
are receivable at par and accrued interest IN pay
| ment for lands sold by the Company. The right Is
reserved to advance the present selling price with
out notice.
Maps circulars. documents, and full informa ton
furnished on application.
Thouqh acting as agents for The sale Of this tOdn our
firm bay and sell IN their regular business the bonds Of ne
ST. Joseph and DeHrer city RdrOdd Company those o.
the Eastern Dirson eight per cent ST. recently placed By
us at o. being quoted at from 1O4 to lG2! and dc'
erued interest
TANNER & Co, Bankers No. II Wal-st.