Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-01-26

NORTHERN PACIFIC
RAILROAD
Have sold, during the past year,
to an extent meQUaIled by those Of
any other Corporation, and they have
now taken their place among the
solid and favOrite securities of the
country.
This because the Bonds are based upon the ampest
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 pos
session by the Northern Pacific Railroad Company,
which the said Company may hereafter acquire" The
Land Grant the Northern Pacific Railroad will average
over 20 900 each mile of road This land is
bic reproducing in abundance all the Fruits, Vegeta-
bles and cereals ofthe Eastern Middle States.
THE VALUE OF LAND GRANDs.
The average price at which twenty-six land grant
railroads have thus sold their lands is S per
the highest average of grant being $685. and the
lowest 1901 With few exceptions the average selling
price has increased from year year The lands of the
Northern Pacific Road are admitted by all who have
seen them, to be better and saabe than those OF
other grants; but, sold at the general average
s7O4 per acre. they will yield than Sl6l 900 per
mile oroadmorc than three times the possible cost OF
construction and equipments or, at the lowest average
of any grant GOD they will produce more than $4,000
per mile which is $4,000 per mile more than the COM
pany are allowed to issue bonds.
TRAFFIC ON PACIFIC RAILROADS..
As officially reported the gross earnings of the present
Pacific Railroad Union and CentraD for 1911 the second
year of through business December earnings estmaed)
reach Seventeen Millions and Quarter. OF this IS per
cent is from Loo Business and, it is stated fully S. per
cent or nearly Nine and Half Millions, net over
operating expenses.
An equal traffic on the Northern Pacific Road will pay
o
With its great unquesoned advantages in distance,
grades climate and tributary fertile country the North
ern Pacific 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 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 Da-
kota the Red River ofhe North, distance Of 255 miles
On the Pacific coast IS miles under construction the
greater part ofwhich is competed INCLUDING purchased
lines, the Northern Pacific Company now have nearly
800 miles of running road. Contracts let for the
strucon of 635 miles more, to be finished before the
close of 1872.
WE WOULD RECON- MEND
THE NORTHERN PACIFIC SEVEN
THE BEST AND SAFEST sEoURI-
TIES NOW OFFERED TO THE
PUBLIC.
In this security are 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 leaned.
These Bonds payable In l9OO-bear $40 per cent
interest in Gold payable first of July and Januayare
free of u s. Tax-are receivable at 10 per cent premium
for the Company's lands at the Lowest Cash Price
and are issued in the following denominations
Coupon bonds $780, $780, and $1,000 Registered bonds
slOO $500, 81 600, $1,000 and $4,000.
The proceeds all sales Land are required he de-
voted by the Trustees of the bondholders dessrs Jay
Cooke and j. Edgar Thompson) a Sinking Fund to
the purchase and cancellation of the first mortgage
bonds temporarily to the payment ofinterest thereon
II necessary
EXCHANGING 5-2Os. In view of the ability and
fixed policy of the Government to call in It's 62O and
substitute low-lnterest bonds4OOOO 900 having been
called in for cancellation since September lst-many
holders ol5-20s are exchanging hemfor Northern Pacfcs
thus adding 10 their principal the present premium
Government Bonds, and increasing their yearly interest
income nearly ont-t third
All marketable stocks and bonds win be received at
current prices in exchange for Northern Pacific Seven.
Thirtles without expense to the investor.
For further particulars concerning this Bond, or pur-
chase ofthe same, apply to the undersigned.