Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1871-03-01
FINANCIAL.
NEW 7-3O GOLD LOAN
OF THE
Northern Pacific Railroad Co.
Sseursdb b. Fint Mortgage on Railroad AID Land
Grant.
SAFEIPROFITABLEl PERMANENT
A . G co.

JAY COOKE &c co.
Oner forsale At par and accrued INTEREST," the First
Mortgage Land Grant Gold Bonds OF he North
ern Pacific Railroad Company. They Ee free
I from United States Tax. and are Issued Of the
following denominations : Coupons S1OO, $500,
and 81, 200; Registered 500, $500, 81 1000 s, 1000
and $4,000.
With the same entire confidence with
which we commended Government bonds
to Capitalists and People, we now. AFTER the
fullest investigation, recommend these Nor
thern Pacific Railroad bonds to our friends
and the general public.
GOLD PAYMEST.-Both principal and In
terest are payable In American gold coin, at
the Office Of Jay Cooke & Co, New York
City-the principal Al the emo OF 81 years,
and the interest lat the rate OF seven and
three-tenths per cent. erannum) halfyear-
", nrst OF January and July,
PERFECT SATELLITES bonds wsare now
selling, are secured by a hrst and only mort
gage on all the property a rights Of the
NortherA Pacific Railroad Company. which
will embrace on the completion OF the work:
1. over Two Thousand MilesOf Road, with
rolling stock, buildings, and all other equip
ments.
2 over twenty-five Thousand Acres OF
Land to every mile OF finished road. This
land, agricultural, tImbered and mineral,
amounting In all 20 more than Finy Million
Acres, consists OF alternate sections. reach
ing twenty to forty miles on each side Of the
track, and extending in a broad fertile belt
from Wisconsin through the richest portions
Of Minnesota, Dakota. Montana. Idaho,
Oregon and Washington. to Puget Sound.
While the Government does not directly
guarantee the bonds Ofthe Road, It thus am
ply provides for he'll full and prompt pay
meBt by an unreserved grant Of land, the
most valuabl ever conferred upon q great
national improvement.
MORTGAGE.-The Trustees under the
Mortgage, are Messrs. Jay Cooke OF PhIIa-
delphia. and J.. Edgar Thomson, President OF
the Pennsylvania Central Railroad Com
pany. They viii directly and permanently
represent the interests Of the First Mort
gage bond holders. n are required to see
that the proceeds Of land saleI are used in
purchasing and eanesHiHg he boRds Of he
O~ompdnyif they can be bought before matu-
rity al not more a 10 Per cent. premium;
otherwise the Trustees are 70 invest the pro-
EENA4 VI AAA4 SIC IL LIAAGA 5NAkEN 1QlQa
or Real Estate Mortgages for the further Sc
curity or Northern Pacific bondholderE-
Also. that they nave at all times In their
control, As security, At least 500 acres OF aver
age land to every $1,000 Of outstanding INST
mortgage BOMBS, besides the railroad Itself
and All its equipments and franchises.
PROFITABLENESS.-Of course nothing can
be safer han the bonds Of the United States,
butas the Government is no longer a Dor
rover. and as the Nations present work is
not that Of preserVingits existence, but that
or DEVELOPING A CONTINENT. we remind
those who desire to increase their income
and obtain a more permanent investment,
while st1I having a perfectly reliable secu-
rity. that:
United States 5-2gs At theIr average pre-
MUM yield the present purchaser less than
81 per cent. gold interest. Should they be
redeemed in cveyears. and specie payments
be resumed, they would really pay only AZ
per cent, or II in three years, only 81 per
cent, as the present premium would mean
while besunk.
Northern Pacific T-5Js selling at par In
currency yields the investor $40 per cent.
gold interest absolutely FOR thirty years,
free Orom CHhed States tar. SLIGO currency in
vested now in United States SAYS will yield
per year in gold. say $62,O0. sl,l0O currency
Invested now in Northern Pacific T-30's will
yield per year In gold. $500. Here is q diff
ference IN annual income OF nearly ons-1frd
besides q difference Of : 70 10 per cent. in
principal, when both classes Of bonds are
redeemed.
Il Road NOW BCILDING.-WOrk was be-
gun in July last on the eastern portion Of
the line, and h money provided, by the
sale 10 stockholders OF some six millions Of
the Company's bonds, 10 build and equip
the road from Lake Superior across Mime
sofa 10 the Red River or the North-Z3mHeS
The grading on this division is now well ad-
vaneed, the iron is being rapidly laid; sew
eral thousand men are at work on the line.
and about the hrst OF August next this i'm
portant section Of the road will be in full
operation. In the meantime orders have
been sent TO the pacific "a for the CON-
mencement OF the work on the western end
in early Spring, and thereafter the work
viii be pushed, both eastward and west
ward, with as much speed as may be con-
sistent with solidity and q wise economy.
RECEIVABLE Fol- LANDS-These bonds
will be at all times, before maturity, re-
oeivable, at lilo, in payment for the COmpa-
ny'slands, at their lowest cash price.
BONDS EXCHANGEABLE-The registered
bonds can DO exchanged at any time for
coupons. the coupons for registered, and
both these can be exchanged for others.
payable, principal and interes, at any Of
the principal financial centres OF Europe, in
the coin OF the various European countries
Cleveland, General Agent for Northern o.
For sale in FarreH, by Fra National Bank
H1HabuH National Bank, 7. J. MeLain & Son.
Bankers; Freeman & liant BGRkeTE and in
CqH5sld by Van Hgntn0& & o., Bankrrt.