The Portland daily press., 1873-06-09
NEW ADVERTISEMENTS
BANKING HOUSE
JAY COOKE & co.
PHILADELPHIA, May 20, 1878.

| AAD--DA-Hh MA Way ~ 1917.
| The 7-So FL st Mortgage Gold Loan Of the North
ern Pacific Railroad Con pany, is t. be closed in ac-
cordance with the following resouti ms adopted by
the Board of directors, on the 18th of May:
| Whereas, The Northern Pacific Railroad Com
pany has built and has in operation over Five HIM
drel miles of its Hae, through favorable and yalu-
able country:
,Aad, Whereas, A large and growing way and
through traffic is already assured to the Company
| over It's road thus far completed:
sh aha Whereas, The Company has earned title to
ed len Million acres of its Land Grant, and plac-
inc arg part Of this in market and the same is be-
domestic ss,a settled by immigration, foreign and
price Of ear, thereof have been made at an average
that Fund p has per to such an extent
have been begun. nceiation of the Company's bonds
tho nrs,;t nersas It is believed that m
der inexpedient the Is established os to ren
terest as BIO cent on futnrs nigh rate of in
Therefore, Resotoed That the oaHs Of its bonds
interest, be limited to total amonSt oio per cent.
Thirty Millions of Dollars. and that no eiiseeding
bonds hereafter by this Company, beyond the sa 81
| than six per cent. per annum. ''ie''
Resotoed, That the Finance Committee DO directed
to arrange with the Fiscal Agents for the CLOSING out
| amble and Resolution. IL
The President of the Company, in forwarding
these Resolutions to the Fiscal Agents writes the
following letter:
| NORTHERN PACIFIC RAILROAD COMPANY.
| Presidents Office, % Fifth Avenue
NEW YORK, May 18th, 1873.
| Gentlemen: / have the pleasure of enclosing IN
| you copy of a Resolution passed unanimously by
the Board of Directors of tho Northern Pacific Rail-
road Company, on the 18th of May, instant.
This Preamble and Resolve are in entire harmony
with my own ews and wishes, and agree in spirit
and policy with the letter which addressed to you
on Lhe llth day Of December last.
ne completion OF our Road to the Missouri River
ana our control Of the trade Of Manitoba and Mon
er Valley, and the valleys Of Dakota0tbe vsne io of
the large Government trade to the Upper Missourj
or the carrying of most Of which we have this wear
conlracted-our having in operation and under
contract, 165 miles of road on the Pacific side he
tween Puget Sound and the Columbia Riyer.9tbe
system the large arrivals from Europe Of bodies nf
Colonsts OF the very best character destined to
from various parts of the Union to the country trim
tary to the Road-all this should, in my Judgment
justify us in elevating the standard of our credit
trust thai when the limit Of the present Loan ia
reached, the Company will find itself able to nego-
tate sig per cent loan for the prosecution and COM
pletion OF the enterprise.
Respectfully Yours
g. W. CAss,
President.
THE LIMITED REMAINDER OF THE sEvEN-rHIRTY
LOAN is NOW BEING DISPOSED or, and on the basi,
OF previous sales will soon be absorbed
As tho bonds of this issue are mado receivable in
payment for the Compaays land at l.10, they are
III constant and increasing demand for this purpose
and will continue to be after the loan is cosed-a fact
which much enhances their value and atrac iyeness
as an investment
Other securities are received in exchange at mar.
ket rates
For the limited period during which the Loan will
be on the market, the $50 Bonds may be ordered
from any of the Banks and Bankers that have hith
erto sold them. All needed information will be fur
nshed by the various agents Of the Loan and also by
JAY COOKE & co.
Brewster, Sweet & Co.,
BOSTON,
ENERAL AGENTS.
jug eoo2t&weow2t2s