Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1871-02-10
FINANCIAL.
NEW $50 GOLD LOAN
OF THE
NORTHERN PACIFIC RAILROAD CO.
SECURED by FIRST MORTGAGE ON RAILROAD
AND LAND GRANT.
Safe Profitable! Permanent
Safe !! Profitable Permanent !
JAY COOKE & CO.

Oer for sale at par and accrued interest the First
Mortgage Land Grant Gold Bonds Of the Northern
Pacific RAILROAD Company They are free from Unit
ed States Tax and are issued Of the following denom-
nations Coupons $780, $500, and $1,000; Registered
500, $500, 81, 900, 81, 900 and $4,000.
with the same entire confidence with which we
commended Government bonds to Capitalist and Peo-
pie we now after the fullest investigation, recon-
mend these Northern Pacific Railroad bonds to our
friends and the general public.
GOLD PAYMENT.-Both principal and inter
est ore payable American gold COIN ut the office of
Jay Cooke Co., New York City-the principal ut the
ond Of 80 yeaa the interest lat the rate of seven
and three-tenths per cent. per annum) halfyeary,
first of January and July.
PERFECT SAFETY. The bonds we nov
selling are secured by first and only mortgage on all
the property and rights of the Northern Pacific Rail
road Company, which will embrace on the completion
OF the work:
l. Over Two thousand Miles Of Road, with rolling
stock, buildings, and all other equipments
. Over Twenty-Five Thousand Acres Of Land to
every mile Of finished road This land agricultural,
timbcrod and mineral, amounting in all to more than
Fifty Million Acres consists Of alternate sections,
rea ching twenty to forty miles each side of the
track, and extending in broad fertile belt from Wis
eonsin through the richest portions Of MINI esota Da-
Puget Sound.
While the Government docs not directly guarantee
the bonds Of the Road thus amply provides for their
full and prompt payment by an unreseryed grant Of
land the most valuable ever conferred upon great
national improvement
THE MORTGAGE.-The Trustees under the
Mortgage, are Messrs Jay Cooke Of Philadelphia, and
j. Edgar Thomson, President Of the Pennsylvania
Central Railroad Company. They will directly and
permanently represent the interest Of the First Mort
gage bond holders and required to see that the
proceeds Of land sales used in purchasing and can
ceiling the Jonds Of the Company If they can be
bought before maturity at not than 10 per cent
premium; otherwise the Trustees to invest the
proceeds of land sales in United States Bonds Real
Estate Mortgages for the further security Of Northern
Pacific bondh elders Also, that they have at all times
in their CONTROL security at least 500 acres OF land
TO every 900 of outstanding first mortgage bonds,
besides the railroad itself and AL its equipments and
franchises
PROFITABLENESS. course nothing can
he safer than the bonds Of the United States but
the Govern ment is longer borrower, and as the
Nation present work not that Of preserving its e1-
i.tence, but that Of DEVELOPING CONTINENT, we re-
mind those who desire to increase their income and
obtain a more permanent investment while still hay
ing perfectly reliable security, that
United States 5-2Os at their &c premium yield
the present purchaser than Ia per cent gold in
terest Should they be redeemed in five years, and
specie payments be resumed, they would really pay
only per cent, If in three years. only l-2 per
cent, as the present premium meanwhile would be
sunk
Northern Pacific 1905 selling at par in currency
ycd the investor $40 per cent. gold interest ALSO
lutely for thirty years. free from United States tar
81 100 currency invested in Unite States 520's
will Yield per year in gold say 500 90 100 curren-
cy invested in Northern Pacific 1908 will yield
per year in gold 5000. Here is difference in an
nuai income of nearly one-third, besides differ
ence of to 10 per cent. in principal when both class
IS Of bonds are redeemed.
TIE ROAD NOW BUILDING-Work was
begun in July last the eastern portion Of the line,
and the money provided by the sale stockholders Of
some six millions Of the Company's bonds, to build
and equip the road from Lake Superior across Mime
sofa to the Red River Of tho North-233 miles. The
grading on this division Is well advanced, the
iron being rapidly laid several thousand men at
work the line, aud about tn first OF August next
this important section Of the road will be in fun opera
ton. In the meantime orders have been sent to the
Pacific coast for the Of the work the
western end in early SPRING and thereafter the worl
will be pushed, both eastward and westward, with al
much speed may be consistent with soidity and
wise economy.
will be at all times, before maturity receivable at 10
in payment for the Company's lands at their loves
cash price
BONDS EXCHANGABLE.-The roSistere
bonds can be exchanged at any time for coupons tn
coupons for registered and both these can be eIchAae
ed for others payable principal and interest, at any
the principal financial centres of Europe in the coin
the various European countries.
HOW TO GET THEM.-Your nearest Ban
or Banker will supply these bonds in any desire
amount and Of any needed denomination. Person
wishing to exchange stocks other bonds for thes
can do so with any Of our agents, who will allow tn
highest current price for all marketable securities.
Those living in localities remote from banks ma
send money other bonds, directly to us by eIpres
and we will send back Northern Pacific bonds at on
own risk, aud without cost the investor. For fun
ther information, pamphlets maps, etc. call on or ad
dress the undersigned any Of the Banks or Banker
employed u sell this loan.
JAY COOKE g. CO.