The Vinton record. [volume] (M'arthur, Vinton County, Ohio) 1866-1891, 1871-03-02

Secured by first Mortgage on RI .4Land Grant
SAFE P%RoFITABLEl PERMANENT
JAY COOK & CO..
Offer tor sale At par and accrued interest the
FIRST Mortgage Land Grant Gold Bonds of the
Northern Pacific Railroad Company. They
are free from United States Tax, and are is.
sued ofthe following denominations: Coupons
500, $500, $1,000. s. 900 and $4,000.
With the same entire confidence with which
we commended Government bonds to capital.
ists and people, we now, after the fullest in.
Yestightion. recommend these Northern Pa
cihc Railroad bonds 10 our friends and the
general public.
GOLD PAYMEHT.-Both principal and in.
terest are payable IN American gold coin, at
the office Of Jay Cooke & Co New York CITY
the principal at the end Of 80 years, and the
Interest lat the rate Of seven and three.tenths
per cent. per annum, hall. yearly, hrst Of Jan.
uary and July.
PERFECT SAFETY.-The bonds we are
now selling are secured by a first and only
NOR gage ON all the property and rights of the
Northern PacIiG Railroad Company, which
VIII embrace on the compile ton of tbs work 4:
|. over Two Thousand Miles of Road, with
rolling stock, buildings, and all other equips
ments.
2. Over Twenty-Five thousand acres OF land
TO every mile OF finished road. This land, az.
ricultuIal, timhered and mineral amounting
in all 10 more IN IN ffty million acres. consi,,s
| OF alternate gppfIOng- raanltp, anti, e..
miles on each side oft the track, and extending
10 a broad fertile belt, from Wisconsin,
through the richest portions of Minnesota,
| Dakota Montana, Idaho, Oregon aud Wash.
ingtun, to Puget sound.
While the Government does not directly
guarantee the bonds of the road. it thus ans
ply provides for their full aud PROMPT pay>
inenl by an unreserved grant of land, the most
valuable aver conferred upon a great national
Improvement.
THE MORTGAGE The Trustees under
the Mortgage, are Messrs. Jay Cooke of Phil.
adelphia, and j. Edgar Thomson, President
of the PENNSYLVANIA Central Railroad Compa.
ny. They will directly and permanently rep.
rrSePt the interests OF the FIRST nlortrage
hondholderS, and are required to see that the
| proceeds Of land sales are used IN PURCHASING
aud caOcelIng the bonds of the Company II
they can be bought beore maturity at not
more than ~ per cent. premium; Otherwise
the trlsteeSRre to invest the proceeds orland
sales IN United States bonds or real estate
mortgages for the flu ther security Of Northern
Pacific bOndhOliers. Also, that they have at
all time in their control ~ security. At least
sou acres of average land 10 every 81 900 of
OF outstanding first mortgage bonds, besides
the railroad itself and all its equipments and
franchises.
PROFlrABLENEsS.-Of course nothing
can be snfer than the bonds Of the United
state'' hut rs the Government is no longer u
borrower, and aSt the nations present work ~
not that of preserving its existence, but that
Of DEVELOPING 4 CONTINENT, We remind those
who deslret to increase their income and oh u n
a more permanent investment, v hlle sill hay.
Ing II per ectly reliable security, tint:
United states POS, Mt heir average prem .
un, Weld the present purchaser less III N 81
per cent gold interest. Should they be re.
deemed IN i've ylRr~, md specie payments he
resumed, they wouli really pay only IA per
GEN.; OF itin three years, only 81 per cent.
asihe present premium would meanwhile be
sunk.
Northern Pacific 1905 selling nj par IN cur.
fency, yield the investor 7 5 10 per cent cold
interest absolutely for thirty years, free fromi
United States Tdr. 81 100 IN currency, invested
now IL United States 8 2os, will yield per year,
N gold, say $1,000. 81, loo now invested in
Northern Pacific 100 5 will yield per year, IN
gold sSt.3D. Here 10 \ difference in annual IN
come OF nearly one.thlrl, besides u difference
WI . y " w Itl FNlNs III DllIfllhl NIl1l Uuln
classes of bonds are Redeemed.
THE ROAD Now BulLIlNG.- Work was
begun IN luly last on the eastern portion of
the line, ana The money provided, by the sale
to stockholders Of SOM six million OF the
cOmpany's bonds, to build and equip the road
from Lake Superior across Minnesota to the |
Red River OF the North -23i miles. The grad.
ing on this division IL now well advanced, the
iron Is now being rapidly laid; several
thousand men aGe ut work on the line, and
about the first Of August next thus important
section OF the road VIII he m full operation.
In the meantime orders have been SAINT to the
Pnclfc coast for the onmenceme Of the
work on the western end in early spring, and
thereafter IIe work will be pushed, both east
ward and westward, with rs much speed ny
mav be consistent with solidlty and u wise
eco lOmY.'
RECEIVABLE FOR ~LANDS.-Thpse bonds
will be ut all times, before maturity, ~receiva-
hle, nj I 10, in payment for The Company's
lands Mt their lowest cash prlce.
BONDS EXCHANGEABLE The regis.
tered bonds can he exchanged at any time for
coupons, the coupons tor registered, and both
these can be exchanged for others. PAYABLE,
principal and int rest, at any of the principal
financial centres OF Europe, in the coin ofthe
various European countries.
HOW TO GET THEM.-YOur nearest bunk
or banSer Will supply these bonds IN any de.
sired amount, and of any needed denOmina.
ton. Persons wiSNIng to exchange stocks or
other bonds for these, can do so with any of
our agents, who will allow the highest eur. |
rent'prlce for I'LL marketable securities.
Those living IN lOCalities,remote from hanks
NAV send money, or other bonds, directly to
us by express and we will send back North.
ern Pacific bonds at our owl risk, and with.
ont cost to the investor. For further infor.
nation, pamphlets, maps, &C., call on or al.
dress the undersigned, or any Of the banks or
bankers emDlONpu TO sell this loan.