Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1871-03-29
FINANCIAL.
SAFEIPROFITABLEI PERMANENT
LAY OOK & %:

JAY COOKE &c CO.
ORsr fOrsals At par aad sssrssd Interest ths Fint
EOrtgaTs and GrEst Gold Boads 81 TIE Horth-
err Pacific Railroad c0nIEHY. ThsT are m
frOn unitsd States Tar. and are iausd of the
following dshoniaHtlOzS ; Coupons et0O, $500,
and Sl.OOOi RsEiEtSrsd 500, 500, SI,oOOt $1,000
and 10000.
With the same entire confidence with
which We commended Government bonds
70 Capitalists and People, We now. AFTER the
fullest investigation. recommend these Nor
thern Pacific Railroad bonds 20 q friends
and the general public
GOLD PLTMHNT-Both principal and In
terest are payable In American gold coin, II
the once Of Jay Cooked Co, New York
City-the principal at the emo Of % yeAu'
andthe interest Cat the rate Of seven and
three-tenths Per cent per )halfyear-
". nrst OF January and July.
PERFECT SAFETT-Tho bonds We are now
selling, are secured BY . ant q only mort
gage on all the property and rights Of the
Northern Pacific Railroad Company, which
will embrase on the completion ofthe work:
!. Over Two Tnousand kilesof Road, with
rolling stock, buildinEI, M All Othersquip-
ments.
z over twenty-five Thousand Acres OF
Land 70 every mile Of nniEhed road. This
land, agricultural. timbered and mineral,
amounting in all 70 more han Ftny Million
Acrea, consists OF alternate sections. reach
ing twenty TO forty miles on each side Of the
track, and extending In . broad fertile belt
from Wisconsin through the richest portions
Of Minnesota, Dakota. Montana, Idaho,
Oregon q Washington. to Puget sound.
While the Government does not directly
gusraptes the bonds ofthe Road, &c thus am
ply provides for thslr full and prompt pay
mengby an nursssrEed grant Of land. the
most valuable ever conferred upon = great
Improvement
THE HORTGAGR.-The Trustees under the
Mortgage. are AsssrS. Jay Cooke Of PhilA-
delphia, and ]. Edgar Thomson, President {
the PeBnSylvsniR Central RAilroad Com
psny. They will directly and peFmansnuy
represent the interests Of the First Mort
bond holders. and are required 70 see
that the proeseds Of land SGlss are used I n
purchasing and eanee1ino hs bondI q he
oompdnVif they can be bought before matu-
rity At not more han 10 per cent. Premium
otherwise the Trustees are % invest the pro-
reeds OF land sales in United States Bonds
Or Real Estate Mortgages for the further Sc
curity Of Northern Pacific bondholders.-
Also. that they have at all times In their
As security. At least 500 acres Of aver
age land 70 every 1900 OF outstanding hnt
nortgage bondL besides the railroad itself
all its equipments and fanehissa-
PR0RTTABLRKESS-Of counls nothing can
be safer han the bonds Of the United States
but ss the Government is no longer . bOr-
over. and a. the Nations present work is
lot that OF preserVingits existence, but that
" DEVELOPING A coSTIHENT. We remind
hose who desire to increase their income
nd obtain = more permanent investment
While EtilI having q perfectly reliable seen
ity, that:
United States 520s at their average pre-
mum yield the present purchaser less than I
4 per cent. gold interest Should they be !
In veyears, andHpecie payments
e resumed, they would really pay only -
er cent, or II In three years, only 81 per
emit. as the present premium would mean :
Thils be sunk. !
Northern Pacific 7-5Os selling at par In 3
urrsncy yields the investor $40 percsnL y
old Interest absolutely for thirty yua1 :
Tee from Uh1sd States taz. s1.IOO currency in !
ested now In United States 5-2ys win yield :
er year in gold. Esy ts2.OO. sI,lOo currency /
lvested now in Northern Pacific 7-3gs will 5
ield per year in gold, Ss9.S. Here Is q diff l
renee IN annual tneozas Of nearly 0ns-asird ]
esides differences Of ! to 10 per cent. in c
rineipal hen both CLASSES OF bonds are ;
THE Road VOW BUILDING.-wOrk was be- =
IN In July last on the eastern portion Of 4
line, and the money provided, By the 4
ale to stockhoiderso Of some ak millions Of 8
Company's bonds, 70 build and equip q
he road nom Lake Superior across Mime 5
0ta to the Red River Of the North-8S miles. ;
be grading IN this division is now well d c
anced, the iron Is being rapidly laid: sew
thousand men are at work on the line,
nd about the hrHt Of August next this i'm
ortAnt section OF the road viii b IN full
In the meantime orders have '
cen sent TO the pacific coast for the COM L
leneement Of the work on the Weatern end b
/ early Spring. and thereafter the work b
i'll be pushed, both eastward and west 2
ard, with as much speed as may Be con- 1
Stsnt with solidity and a Wise economy.
RECEIVABLE o ~LASDS-Thess bonds =
i'll be at all times, before maturity, re- =
sivable, At Ito, in payment for the Compa- Z
At their lowest cash price. 3
BONDS EXCHAAGEABLE-Ths registered a
can be exchanged 81 any time for s.
the coupons for registered. and a
9TH these can be exchanged for Others, p
principal and i~nteres, At any OF
le principal financial centres OF Europe. in =
le eoinof the various European countries Z
Cleveland. General AseAfB for Northaa O. q
sale in Warren. by FSrH NGR0nGI B0nk u
rVnsbuR National Bank, E.L NeLain & son. II
azkerI; Freeman & HznL Bankers, and n 3
By Van HEning6 o., BonkeTA. .
IL 1871.