The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-01-23
FINANCIAL.
Profitable! Permanent
Jay COOKE a. co.

Offer for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonus Oh
the Northern Pacific Railroad company
They are free from United States Tax, ana
are issued of the following dsnonnna is,oj
Coupons 800, $500 and $1,000; Hegistereu
500, $500. $1,000. $4,000 and $4,000,
With the same entire confidence with
which we commended Government bonds
TO Capitalists and People, we now, after the
fullest investigation, recommend These
Northern Pacific Railroad bonds To our
friends and the general public;
GOLD PAY MENT.-Both principal
and interest are payable i'm American gold
coin, mt she office OF Jay Cooke & Co, New
York City-the principal nj the end OF 80
wears, and the interest tat the rate OF seven
and three-tenths per cent. per annuin) haH-
YEARLY first OF January and July.
PERFECT SAFETY.-The bonds we
are now selling, are secured by inst and
only mortgage on all the properly ana
rights of the Northern Pacific railroad Com
pany, which will embrace on the compile
ton OF the work: 80
/ over Two Thousand Miles Of Road, with
rolling stock, buildings, and all otherequip-
mentS.
,, over Twenty-Tw Thousand Acres OF
Land 10 every mile of finished road. This
land, agricultural, timbered and mineral,
amounting in all to more than Fifty Million
Acres, consists of alternate sections, reach
ing twenty Ia forty miles on each side OF
Is.
belt from Wisconsin through the richest
portiOnS of Minnesota, Dakota, Montana,
Idaho. Oregon and Washington Ia Puget
Sound.
While the Government does not directly
: guarantee the bonds of the road, IL thus
amply provides for their full and prompt
, payment bv an unreserYed grant OF land,
the most valuable ever conferred upon
great national improvement.
THE MORrGAGE.-The Trustees under
1 ~ Iat mi nf
Philadelphia, and J. Edgar Thompson, Pre-
dent OF the Pennsylvania Central Railroad
Comppny. They will directly and perina-
nently represent the interests OF the First
Mortgage bond holders, ami are required TO
SCI that the proceeds Of lana sales are used In
purchasing anal cdnceiing the bonds Of tie COM
puny If they can be bought before maturity
ut not more than 10 per cent. premium;
otherwise the Trustees are To- invest the pro-
ceeds OF land sales in United States Bonds
or Real Estate Mortgages for the further ST.
curity of Northern Pacific bondhOlders.
Also that they have nj all times I'm their
control, rs security, mt least JO acres oil
average land To every $1,000 of outstanding
first mortgage bonds, besides the railroad
itself and all its equipments and franchises.
PROFITABLESESS course moth
! ing can be safer than the bonds Of the Uni
! tel states but rs the Government Is no
! longer Il borrower, and aS the Nations
| present work Is not that of preserving its
Z
| NENT, we remind those who desire 10 In
| crease their income and obtain more per-
manent Investment, while still having
| perfectly reliable security, that:
United States 5-2Ds AT their average pre-
MUM yield the present purchaser less than
80 per cent gold interest. Should they ID"
redeemed in five years and specie payments
be resumed, they would really pay only
~ per cent or II In three years, only 3i2
per cent, rs the present premium would
meanwhile he sunk.
Northern Pacific I-:}U'S selling az par I'm
currency yield the investor : $40 per cent.
gold interest absolutely for thirty years, free
from mira States tar. 5000 currency In
vested now in United States 5-2J's will yield
per year in gold, say So ~. SlOO currency
invested now in Northern Pacific 7-sJ's will
yield per year i'm gold, s'O.'B. Here Is "A diff
I ference IN annual mcOmG Of nearly Ons-third,
besides u difference of Ia 10 per cent. I'm
principal, when both CLASSES Of bonds are
redeemed.
THE ROAD NOW BUILDING.-
Work was begun I'm July last on the eastern
portion of the line, and the money provid-
ed by the sale to stockholders Of some six
million of the company'S bonds, to build
and equip the road from Lake superior
across Minnesota Ia the Red River Of the
NOrth-28 miles. The grading on the d.
vision Is now well advanced, the iron being
rapidly laid; several thousand men are AT
work on the line, and about the fifst Of Au-
| gust 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 commencement 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.
KECEivABLE FOR LANDs.-Those
| bonds will he at all times, before maturity,
| receivable, at Ito, In payment for the com
| pany's lands, mt their lowest cash price
| BONDS EXCHANGEABI.E- reg
| istered bonds can be exchanged at any time
| for coupons, the coupons for registered, and
| 10th these can be exchanged for Others, pay
| able, principal and interest, at any Of the
principal financial centres Of Europe, in the
coin OF the various European countries.
HOW TO GET THEH.-Your nearest
Bank or Banker will supply these bonds IN
any desired amount, and OF any needed de-
| nomination. Persons wishing To exchange
| stocks or other bonds for these, can do 80
| with any OF our agents, who will allow the
| highest current price for all marketable Sc
| curitleS.
| Those living I'm localities remote from
| banks, may send money or other bonds, di-
rectly 10 us by express, and we will send
back Northern Pacific bonds at our own
| risk, and without cost TO the investor. For
| iurther Information, pamphlets, MAPS etc,
| call on or address the undersigned or any
OF the Banks or Bankers employed To- sell
this loan.
After thorough investigation, have ac-
| copied the general agency for West Virginia
| ana the adjacent counties Of PENNSYLVANIA
| ana Ohio for the sale OF these bonds, and
confidently recommend them To my Gus
TONERS and investors generally.
X. CRANGLE,
janis President City Bank.