The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-02-21
FlNANc lAl.
NEW 7-3O GOLDL0AN
OF THE
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail
road and Land Grant
Safe g.! Profitable! Permanent !!
Jay COOKE & co.


Offer for sale at par and accrued interest the
First Mortgage Land Grant Goid BONUS vi
They are free from United States Tax, and
IRE issued of the following denominations:
Commons 500. $500 and $1,000; Registered
500, $500, $1,000, $4,000 and $4,000,
With the same entire confidence with
which we commended Government bonds
TO Capitalists and People, we now, after the
fullest investigations, recommend these
Northern Pacific Railroad bonds To our
friends and the general public ,.-,a,
GOLD PAYMENT.-Both principal
and interest are payable in American gold
coin, at she office Of Jay Cooke Co., New
York City-the principal at the end OF ~
wears. and the interest tat the rate OF seven
and three-tenths per cent. per annum) half
yearly, first OF January and July;
PERFECT SAFETf-Ihe bonds we
are now selling are secured by first and
only mortgage on all the property and
rights of the Northern Pacific railroad Conn
pany which will embrace on the compile
ton Of the work:
/, over Two Thousand Miles of Road, with
olling stock, buildings, ana All oiHer 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 10 more than Fifty Million
Acres consists OF alternate sections, reach
ing twenty TO forty miles on each side oil
the track, and extending In broad fertile
belt from Wisconsin through the richest
portions of Minnesota, Dakota, Montana,
Idaho, oregon and Washington 10 Puget
Sound.
While the Government does not directly
guarantee the bonds of the road. IL thus
amply provides for their full and prompt
payment bv an unreserved grant OF land.
the most valuable ever conferred upon
great national Improvement.
ARr(. The Tril unlpr
the Mortgage, are MesSrs Jay Cooke, of
Philadelphia, and J. Edgar Thompson, Pres
ident of the Pennsylvania Central Railroad
Company. They will directly and perma-
nently represent the interests of the First
Mortgage bond holders, ann are required 10
see that the proceeds Of Ldnd sales are used in
purchasing and cdHceiina The bonds ~ The conf
pdRy If they can be bought before maturity
at net more than 10 per cent. premium;
otherwise the Trustees are TO invest the pro-
ceeds Of land sales i'm United States Bonds
or Real Estate Mortgages for the further Sc
curly of Northern Pacific bondhOlders.
Also, that they have at all times in their
control, as security, ut least 100 acres OF
average land to every $1,000 Of outstanding
first mortgage bonds, besides the railroad
itself and all its equipments and franchises.
ABLENESS.-Of course moth
ing can be safer than the bonds Of the Uni
ted States, but as the Government Is no
longer borrower. and rs the Nations
present work IL not that of preserving its
existence, but that of DEVELOPING CoNT1-
SEST. we remind those who desire To in
crease their income and obtain II more per
manent investment, while still having
perfectly reliable security, that:
United States 5-20's at their average pre-
MUM yield the present purchaser less TINA
"a per cent. gold interest. Should they be
redeemed in five years, and specie payments
be resumed, they would really pay only
"a per cent, or If IN three years, only 81
hn N
meanwhile be sunk.
Northern Pacific I-3DS selling nj par in
currency yield the investor 3-l9 per cent.
gold interest absolutely for thirty years, free
from United States tar. $1,000 currency in
vested now in United states 5-2O's will yield
per year in gold, say $500. $1,000 currency
invested now In Northern Pacific 1905 will
yield per year in gold, 5000. Here Is diff
ference in annual income Of nearly one-tht'd,
besides a difference OF To 10 per cent. in
principal, when both classes Of bonds are
redeemed.
THE ROAD NOW BUILDING
Work was begun I'm July last on the eastern
portion of the line, and the money provid-
ed, by the sale TO stockholders Of some six
million Of the cOmpany's bonds, 10 build
and equip the road from Lake Superior
across Minnesota to the Red River Of the
North-28 miles. The grading on the d.
vision Is now well advanced, the iron being
rapidly laid; several thousand men are AT
work on the line and about the first OF Au-
gust next this important section OF the road
will be in full operation. In the meantime
orders have been sent to the pacific coast
for the commencement OF the work on the
western end in early Spring, and thereafter
the work will be pushed, both eastward
bnd westward, with a. much speed as may
ne consistent with solidity and wise
economy.
RECEIVABLE FOR LANDS.-Those
bonds will he at all times, before maturity,
receivable, at Ito, in payment for the COM
pany's lands, at their lowest cash price.
Bib IDS EXCHANGEABLE.- reg
istered bonds can be exchanged at any time
for coupons, the coupons for registered, and
9TH these can he exchanged for Others, pay
able, principal and interest, at any Of the
principal financial centres Of Europe, in the
coin OF the various European countries.
HOW TO GET THEM.-Your nearest
Bank or Banker will supply these bonds I'm
any desired amount, and Of any needed de-
nomination. Persons wishing TO exchange
stocks or other bonds for these, can do so
with any Of our agents, who will allow the
highest current price for all marketable Sc
curitieS.
Those living in localities remote from
banks, may send money or other bonds di-
rectly TO us by express, and We will send
back Northern Pacific bonds at our own
risk, and without cost TO the investor. For
further information, pamphlets, maps, etc,
call on or address the undersigned. or any
of the Banks or Bankers employed to sell
this loan.
After thorough investigation, ! have ac-
cepted the general agency for West Virginia
and the adjacent counties Of Pennsylvania
and Ohio for the sale OF these bonds, and
confidently recommend them 10 my Gus
toners and investors generally.
ianl6 President CITY Rank