New-York tribune., 1873-02-03
INVESTMENT BONDS.

20 WALL-sT., Feb. B.
The NORTHERN PACIFIC RAILROAD COMPANY now
has in full operation, with regular daily trains, 81
miles of road. distance of nearly 200 miles more
is constructed The Minnesota Section, Immediately
on it's completion, entered upon satisfactory busl-
ness, including local traffic and the large carrying
trade of the Northwestern British Settlements and
the Hudson's Bay Company. The recently COM
pleted section of 65 miles, the Pacific Coast, at
once commands profitable business between Puget
Sound and the Columbia River heretofore done by
cOastwise steamers. Ga the opening of Spring,
with more than 500 miles of Road IN regular opera
tion, 5he Company viii control the extensive and
productive trade Of the Upper Missouri much Of
Montana and the North West. The earnings of the
Road for 1878 viii be large.
Arrangements for pushing construction vigorously
the coming year are progressing satisfactorily.
OF the nearly Ten Million acres of land accruing
co the Company in connection with the portion OF
Road now virtually constructed. some Two Million
acres. of excellent average quality, are IN market
and their sale and settlement progressing. The
average price thus far realized is s. 60 per acre
which is at the rate of more than $4,000 per mile OF
road for the whole grant.
The Company has already begun the process Of
redecming and cancelng its First Mortgage Gold
Bonds "a they are now being received at 110ln pay
Incnt and exchange for the Companys lands.
With these accomplished results and most favor
able prospects the Company is selling its First
Niurtrage --S0 Bonds for the purpose OF completing
its line Of road. We recommend them as well
secured and unusually profitable investment. They
nave the following elements of strength and safety
They are the obligation Of a strong corporation;
they are q First Mortgage on the Road its Right Of
Way. Telegraph Line. Equipments and Franchises,
and first lien on its Net Earnings. In addition to
"a
the payment of principal and interest Land Grant
of 1850 acres per mile of road through the States
and 25 600 through the Territories. The rate Of IN
terest seven and thTee-tenths per cent gold Is
equal now TO about s. currency. Gold Cheeks for he
ssiaHnual interest the Registered Bonds are mailed
10 The Posi-Ofoe address Of The OwRer.
an marketable securities are received in exchange
ON most favorable terms. For sale by Banks and
BANKERS generally. JAY COOKE a. Co.
Tnr GREAT MIDLAND RAILROAD Now NEARLY
COMPLETED.
We offer the remainder Of the First Mortgage
Seven Per Cent Gold Bonds limited $4,000 to the
mile, to close ont the loan.
A LONG STRETCH OF ROAD, INCLUDING THE NEW
JERSEY SECTION, IS FINISHED AND TRAINS ARE NOW
RUNNING INTO JERSEY CITY. From Oswego east
ward THE RoAD Is IN SUCCESSFUL OPERATION for
dong distance. A short gap in the construction OF
the New-York division alone prevents RUNNING
THROUGH FROM NEw-YORK TO OswEGO. On the In
complete section the masonry and grading are In
ished. and ballastng and track-laying progressing
with tile utmost energy, and we hope soon TO an
nounce TIE COMPLETION OF THE ENTIRE ROAD OF
THIS GREAT TRUNK LINE FROM NEwYORK TO Os-
WEGO
These Bonds in our judgment, possess in a marked
degree the elements of
ABSOLUTE SECURITY AND LIBERAL INCOME.
Pamphlets with full particulars furnished.
For sale or exchanged for Government and other
securities at their market value by
GEORGE 0PDYEE & CO.,
Financial Agents of the Company, No. % Nassau-st