The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1871-02-02
SAFE! PROFITABLEI PERMANENT!
JAY COOKE & co.

First Mortgage Land Grant Gold Bonds OF
the Northern Pacific Railroad Company.
l They are free from United states Tax, and
are Issued ofthe following denominations:
Coupons 500, $500, and $1,000; Registered
/ Sl0O. $500, Sl,OOl, 5000, and $1,000
With the same entire confidence with
which we commended Government bonds
! TO Capitalists and People, we now, after the
/ fullest investigation, recommend these
NOthern Pacific Railroad bonds to our
friends and the general public.
Gold Paymenf.-BOth principal and in
terest are payable in American gold cOin, at
the office Of Jay Cooke & Co, New York City
interest lat the rate Of seven and three
tenths per cent. per annuInl half-yearly,
hrst of ofJanuary and July.
/ Perfect Safety.-The bonds we gre now
selling, are secured by first and only mort
gage on all the property and rights OF the
I Northern Pacific Railroad Company which
/ will embrace on The completion ofthe work;
/ l. over Two Thousand Miles Of Road,
with rolling stock buildings, and all other
I Z over twenty-five Thousand Acres OF
Land to every mile OF finished road. This
land, amounting In all 70 more than Fifty
million Acres consists OF alternate sections
reaching twenty 70 forty miles on each side
| thS track, and extending In broad fertile
belt from Wisconsin through the richest
portions OF Minnesota. Dakota, Montana,
Idaho, Oregon and Washington, 70 Puget
Sound.
While the Government does not directly
guarantee the bonds Of the Road, II thus am
/ ply provides for their full and prompt pay
ment by an unreserved grant Of land, the
most valuable ever conferred upon great
national Improvement
The MOrtgage.-The Trustees under the
Mortgage, are Messrs. jay Cooke OF Phila-
delphia, and J. Edgar Thomas, President
l OF the Pennsylvania Central Railroad Com
pany. They will directly and permanently
represent the interests OF the FirstMOrtgage
bond holders, and are required 70 see that
the proceeds Of land sales are used in ptsrehGs-
ing and cdncelinQ the bOndS Of the Company II
they can be bought before maturity at not
more than 10 per cent. premium; otherwise
the Trustees are 70 invest the proceeds OF
land sales in United States Bonds OF Real
Estate Mortgages for the further security Of
Northern Pacific bOndholders- Also, that
they have at all times In their control as Sc
curity, at least 500 acres OF average land 70
every $1,000 CT outstanding INST mortgage
bonds, besides the railroad Itself and all iLs
equipments and franchises.
PrOntabIeness.-Of course nothing can
be safer than the bonds Of the United States
but as the Government Is no longer a bOr-
rover. and as the Nations present work is
not that OF preserving its existence, but that
Of DEyELOPISGf 4 COSTISEST, we remind
those who desire 20 increase their income
and obtain more permanent investment
while still having perfectly reliable secur-
ity, that:
United States 5-D's at the average premI-
um yield the present purchaser les than 81
per cent. gold Interest. should they be re-
deemed IN i've years. and specie payments
be resumed, they WOuld really pay only 81
per cent, or II in three years, only - per
cent, as the present premium would mean
while be sunk.
Northern Pacific 7-30's selling at par In cur
rency yield the investor 3-l0 per cent. gold
interest absolutely for thirty yeas, free
from United States tar. 81, 900 currency inves-
tel now in United States j-7's will Weld
per year in gold, say sd2.0h sl000 currency
invested now in Northern Pacific 7-5U's viii
yield per year In gold, SS9<1J- Here is dif-
ference IN annual income Of nearly sOne-fhfrd
besides a difference OF : 20 10 per cent In
principal, when both classes OF bonds are re-
deemed
The Road NOW BuiIding.-Work was
begun in July last on the eastern portion Of
the line, and the money provided, by the
sale 70 stockholders Of some six million OF
the COnmpanyis bonds, 70 build and equip
the road from LAKE Superior across AinnsO-
IA to the Red River Of the NOrth-233 miles
The grading on this division Is now well ad-
vanced, the iron IS being rapidly laid sever
al thousand men are az work on the line
and about the first OF August next this i'm
portant section Ofthe road viii be in full Ou-
eratiOn. In the meantime orders have been
sent 70 the Pacific coast for the comilence-
ment Of the work on the western end in
early Spring, and thereafter the work will
BE- pushed, both eastward and westward,
with as much speed as may be consistent
with solidity and a wise economy
Receivable For Lands.-These bonds
viii be az all times, before maturity, receiv-
able, az l-l0, In payment for the COmpanyis
lands, al their lowest cash price.
Bonds ExehanEeable.-The registered
bonds can be exchanged az any time for
coupons, the coupons for registered, and
both these can be exchanged for others pay I
able, principal and interest, az any Of the /
principal financial centres Of Europe, in the I
coin OF the various European countries
How To Get Them.-Your nearest bank I
OF Banker will supply these bonds In any 4
desired amount, and ofany needed denOm- /
lnaIlon. Persons wishing 20 exenanse /
stocks or other bonds for these, can DO 20 4
with any Of fagents, who will allow the nign- 4
est current price for all marketable seeuri- ]
ties.
These living In localities remote from I
banks, may send money, or other bonds, d. I
rectly 70 Us By express, and We viii send 4
back Northern Pacific bonds az our oWn I
risk, and without cost to the investor. For I
further in nlormation, pamphlets, maps, etc, I
call on or address the undersigned, or any I
OF the Banks or Bankers employed to sell I
this loan.
II. =. PAINTER, Banker,
CLEVELAND,
General Agent for Northern Ohio.
FOR SALE BY
FIRST NATIONAL BANK, Timn,
Peoples RANK Carav