Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1871-11-23
Investing Money.

In these days, when almost every third
man has few hundred or few thou
sand dollars to deposit in savings bank,
or invest in some more profitable way, ii
is important to know what securities are
on the market, and what ones are safe
and desirable. On this point an Eastern
financial journal of high standing uses
the following language:
The steady rise in the price of Gov
ernment bonds and the certainty of their
early redemption by the Treasury, is de-
veloping marked tendency on the part
of holders to capitalize their premium
and transfer the proceeds to other invest
ments; and, as usual, the best security
now upon the market is offered by Jay
Cooke & Co. We believe it may be said
of this firm that it never commended an
investment which was not strictly first
class, certainly none which the people
has ever regretted taking; but none of the
investments which it has ever placed
upon the market has combined in higher
degree the elements of safety and profit
than the First Mortgage Bonds of the
Northern Pacific Railroad Company.
These Bonds are first lien upon great
continental railroad which runs on
the shortest line between the Pacific coast
and the avenues of commerce to the At
lantic; which in few years after COM
pletion will do a business limited
only by its own capacity; and
which opens up for the first time a
vast portion of our national domain
scarcely less fertile and productive than
that which lies between the Mississippi
River and the Alleghanies. They are a
first lien, too, upon the largest Land
Grant ever confided by Congress to a
private corporation-a Grant embracing
an aggregate of more than fifty millions
of acres, or nearly $4,000 acres for every
one of the 1000 miles where the Road
traverses from Lake Superior to the
Pacific. The best judges, in Congress
and out, have declared that these lands
are sufficient to build the Road, pay every
cent of its Indebtedness, and still leave a
surplus of millions in its treasury; and
the proceeds of all sales of them must be
turned over to the trustees until every
Bond is redeemed.
The Bonds themselves, besides being
safe, combine every element of conven
ience and other attractiveness that a skill
full financier could suggest They have
thirty years to run, and during that peri
cd bear interest in gold at the rate of 7.3(
per cent. per annum, or more than PEE
cent. currency; they are both coupon
and registered, which are mutually ex
changeable for each other; they ar,
printed in the currency of every countr,
upon whose markets they are placed, ant
are thus equivalent to money almost any
where in Europe or America; and the,
are exchangeable at any time for tn
/, company's lands at premium of tel
per cent.
J Such briefly are the facts with regard t
this "7-30 Gold Loan,'' and the peopl
may rest satisfied that in taking it the
! are not only insuring a liberal retur
upon capital for at least thirty years t
come, but are promoting the success c
an enterprise which will exercise a mos
profound influence upon the growth an
prosperity of the whole country.
: The Northern Pacific Railroad Con
: pany have now ready, and, on the first {
2 January, will offer for sale about tw
l million acres of their best lands in CeI
| trail and Western Minnesota region I
: which settlers are fiocking with gre;
E rapidity. The proceeds of land sales wi
: be devoted to purchasing 7-30 bonds {
4 the company.