Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-03-01
THE POPULAR LOAN.
Northern Pacific Bonds !
s q, 90 90 90
Ofthese bonds were sold in London, and over
S I % O O, O O O

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 So
curities Of tho country.
This is because the Bonds are based upon the
amplest security, being a 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 mag hereafter acquire" The Land
Grant of the Northern Pacific Railroad will average
over % 900 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 s 81 O per
acre-the highest average ofany grant being $l3 SO,
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 $704 per acre
they will yield more than $l6l 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 SOD, they will produce mere than
80 900 per mile, which is go 90 per mile moro 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 CENTRALLY for
1871, the second year Of through business (Desem.
Der earnings estmated), reach Seventeen Millions
anA n,,s
Business, and, it is stated, fully IS per cent or
nearly Nine and Half Millions, are net over oper.
ating expenses.
An equal traffic on the Northern Pacific Road
will pay dividend of more than o. per cent on its
total cost. With its great and unquestioned ad
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, q distance
of 255 miles, On the Pacific coast, 65 miles are un
der construction the greater part Of which is CON-
pleted ,-including purchased lines, the Northern
Pacific Company now have nearly 600 miles OF run.
ming road. Contracts are let for the construction
of 635 miles more, to be finished before the close of
1872.
WE WOULD RECOMMEND THE
NORTHERN PACIFIC SEvEN-THIRTY
GOLD BOND AS ONE OF THE BEST AND
SAFEST SECURITIES NOW OFFERED
TO THE PUBLIC.
In this security are combined the high credit Of
irstclass Railroad Bond, with the solidity and
safety OF Real Estate Mortgage on Land worth
more than twice the amount loaned.
These Bonds are payable in l9OO-bear $40 per
cent. interest in Gold, payable first Of July and
January-are 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 fol.
lowing denominations; Coupon bonds, 800, $500,
and 81 600; Registered bonds, 900, $500, ST. 600,
%, 900 and $1OO0
The proceeds of all sales of Land are required to
be devoted by the Trustees Of the bondholdcrs
(Messfs. Jay Cooke and j. Edgar Thompson), as a
Sinking Fund to the purchase and cancellation Of
the first mortgage bonds.
EXCHANGING 12-Os. In view of the ability
and fixed policy of the Government to call in its
520s and substitute low-interest bond-$l4o 900,
600 having been called in for cancellation since
September 1st-many holders of 5-20s are exchang-
ing them for Northern Pacihcs, 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.
ciac Seven Thirtes without expense to the
For further particulars concerning this Bond, or
purchase of the same, apply to the undersigned.
B. E. Potter & Bro.
feb2i teod&wlm AUGUSTA. ME-