The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1871-02-02
FINANCIAL.
NEW 7-3O COIN LOAN
OF TuE
NORTHERN PACIFIC RAILROAD co.
SECURED BY FIRST MORTGAGE ON RAILROAD
And LAND GRANT.
sAFEi PRoFITABLEl PERMANENT
LAYCOOKE q co.

cCI 4 1OOA-L q W.
Offer for sale al par and accrued interest tho
First Mortgage Land Grant Gold Bonds Of the
Northern Pacific Railroad Company. They
are free from United States Tax. and are issued
OF the following den sminalions: Coupons $l0J,
$500, and 81 ,O00 Registered 800, $500, g..
700. S. 900 and $4,000.
i With the same entire confidence with which
1 we commended Government bonds 20 Capital.
! lists aud People, we now. after the fullest in.
vesligation, recommend these Northern Pa:
ci6c Railroad bonds TO our friends and the
general public.
/ GOLD AYMENT.--Both principal and
interest are payable in American gold coin, at
the office Of Jay Cooke d o., New York City
the principal at the eHd Of 30 years, and
! the interest .at the rate Of seven three tenths
per cent, per annum) half.ycarly, first Of Jan.
usry and July.
PENFECT SAFETY.-The bonds We
are now selling, ars secured by first aud
only mortgage on all the property and rights Of
the Northern Pacific Railroad Company which
will embrace on the completion OF the work:
l. Over Two Thousand Miles Of hoad 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 to more than Fifty Million
Acres, consists If alternate sections, reaching
twenty to forty miles on each side oil the track,
and extending in broad fertile belt from
Wisconsin through the richest portions Of Min.
nesota. Dakota, Montana, Idaho, Oregon aud
Washington to Puget Sound
While the Government does not guarantee
the bonds Of the Road, it thus amply provided
for their full anil prompt payment BY an unre
served grant of land. the most valuable ever
conferred upon great national Improvement
THE il0RrG AGE.-Th Trustees under
the Mortgage, are MessrS. Jay Cooke, OF Phil
adclphia aud J. Edgar Thomson, President OF
the Pennsy Ivania Central Railroad Company.
They will directly and permanently represrn
the interests ofthe First Mortgage Oond hold
ers, and are required to see that the proceeds Of
land sales are used in puychasiag and caneethhg
Tie bonds Of The Company if they Gun be bought
before maturity ut not more than Is Per cent.
premium; otherwise the Trustees arc 10 inv est
The proceeds Of land sales in United States
Bonds or Real Estate Mortgages for The Farther
security Of Northern Pacific bondholdcrs.--
Also, that they have at all times in their con.
troll, as security. at least 500 acres Of average
land to every ST. GOO Of outstanding first mort !.
gage bonds besides the railroad itself aud all
It's equipments and franchises
TABLENESS.-of course nothing
eau be safer than tho bonds of the Unlted
States. but as the Government is no longer
borrower, aud the Nations present work is not
| that Of preserving its existence. but that Of UE
yELoPISG CONTINENT, we remind those who de
sire to increase their income aud Obtain more
permanent investment, while still having
perfectly reliable security, that:
United States 5.2U's at their acreage premi-
UNI Weld the present purchaser less than 592
per cent gold interest Should they be re-
deemed, in five years, and specie payments be
resumed, they would really pay only "a per
cent. or if three years, 81 per cent, as tue
present premium would meanwhile be sonk.
Northern Pacific 1855 selling at par in cur.
rency yieldihe investor $40 per cent. gold
interest absolutely for thirty years, free from
United States tar. 81 600 currency invested
now in Northern Pacific Taos will yield per
year in gold. $500. Here is a difference IN
annual income Of nearly one third, besides a
difference Oft to 10 per cent. in principal.
when bonds are rede, med.
THE ROAD NOW BUfLDING.-WoFk
was begun in July last on the eastern portion
of the line, and the money provided, ey the
sale to stockholders Of some six millions OF the
Company's rhouds, to build and equip the road,
from Lake superior across the Red River OF
the North-2S3 miles. The grading on this di'
vision is now we'll advanced. the iron is being
rapidly laid; several thousand men arc nj work
on this liue, aud about the first Uf August 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 commence
mcnt OF the work on the western emf in carly
spring, and thereafter the work will he push
ed, both eastward and westward, with as
much speed as may be consistent with solidlty
and wise economy.
RECEIVABLE FOR LANDS These
bonds will be at oil times, before maturity. re
ceiyable, at ITO, in payment for the ComPI
ny's lands, at their lowest cash price.
BONDS EXCH ANGEABLE.-The reg
istered bonds can be exchanged at any time for
coupons, 1.-THE coupons for registered, and both
these eau be exchanged for others, payable,
at any Of the financial centres in Europe, In the
coin Of the various European countries
HOW TO GET THEM.-Your nearest
Bank OF Banker will supply these bonds in
any desired amount, and ofany needed denom'
nation 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 securities.
Those living in localities remote from banks
may send money: or other bonds, directly to us
by express, and VIZ will send back Northern
Pacific bonds ut 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.
i have accepted the agency for the sale Of
the Bonds. Any one desiring TO invest ~
them, or exchange other Bonds for them, will
please call on me.
@. @. MILLER, President Merchants Nation.
al Bank of West Va, Point Pleasant
W. l.. MAppy. j. NJ poLslEr.