The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1871-01-27
FINANCIAL.
NEW 7-SQ GOLD loan.
OF THE
NoTthsTnPacific RAILROAD Co.
8scund BY Fist Mortgage Oh Raihoai Land Grant,
SAFE, PROFITABLE, PERMANENT.
JAY COOKE&CO.

j AY COOKE&CO.
Offer for 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
issued of the following denominations Cou-
pons 800, $500, and $1,000; Registered 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 PAYMENT.-Both principal
and interest are payable in American gold COIN at
the Office Of Jay Cooke & Co., New York City-the
principal at the end of 80 yeals, and the interest
lat the rate of seven and thrse-tenths per cent
per annuml half-yesrly, first Of January and July
PERFECT SAFETY.-The bonds we
are now selling, are secured by first and only
mortgage on all the property and rights of the
Northern Pacific Railroad Company, which will
embrace on the completion of the work;
l. Over Two Thousand Miles of Road, with roll
ing stock, buildings, and all other equipments.
2. Over Twsnty-two Thousand Acres of Land to
every mile of finished road. This land. agricul-
tural, timbered and mineral, amounting in all 10
more than Fifty Million Acres, consists of altern.
ate sections, reaching twenty to forty miles on
each side Of the track, and extending in brosd
fertile belt from Wisconsin through the riche,t
portions Of Minnesota, Dakota. Montana, Idaho,
Oregon and Washington, to Puget Sound.
While the Government does not directly guar
antee the bonds Of the Road. it thus amply pro-
vides for their full and prompt payment by an
unressrved grant Of land, the most valuable ever
conferred upon great national improvement.
THE MORTGAGE.-The Trustees un-
der the mortgage, are Messrs. Jay Cooke of Phif-
delphia, end J. Edgar Thompson, President of the
Pennsylvania Central Railroad Company. They
will directly and permanently represent the inter-
ests Of the First Mortgage bond holiers, and are
required to see that the PROCEEDS OF LAND SALES
are used in PURCHASING AND cANcELINo THE BONDS
OF THE COMPANY if they can be bought before ma
turity at not more than 10 per cent premium;
otherwise the Trustees are to invest the proceeds
ofland sales in United States Bonds or Real En-
tate Mortgages for the further security of the
Northern Pacif; bondholders. Also, that they
have at all times in their control ss security, at
least 500 acres of average land to every 900 of
outstanding first mortgage bonds, besides the rail-
road itself and all its equipments and franchises
PrOfftabIeness.-Of course nothing can
be safer than the bonds of the United States, but
as the Government is nc longer q borrower, and as
the Nations present work is not that of preserving
its existence, but that of DEVELOPING A CONTINENT
we remind those who desire 70 increase their in
come and obtain a more permanent Investment,
while still having perfectly reliable security,
that:
United States 5-20's at their average premium
yield the present purchaser less than 5X per ent.
gold interest. Should they be redeemed in Eve
years, and spsie payment beresumed, they would
really pay only As per cent, if in three years
only SH per cent, as the present premium would
meanwhile be sunk. m
Northern Pacific 7-SVs selling at par in currency
yield the investor Sl0 per cent. gold interest alb
solutely for thirty years, free from United
States tar. 81 COO currency invested now in
United States 5-2Os viii yield per year in gold, say
s62 90. $1,000 currency invested now in Northern
Pa ilo 7-sO's will yield per year in gold, eSOsO.
Here is difference Ia annual income of nearly
one-third, besides difference of to 10 per cent
in principal, when both classes of bonds are re-
deemed.
The Read Now BuiIding.-Work was
begun in July last on the eastern portion of the
liue and the money provided by the sale of stock
holders of some six millions of the Company's
bonds, to build and equip the road from Lake Sup
erior across Minnesota to the Rel River of the
North-233 miles. The grading on this division is
now well advanced, the iron is being rapidly laid
several thousand men are at work on the line, and
about the first of August next the important Sc =
ton of the road will be in full operation. In the
meantime orders have been sent to the Pacific
coast for the eommen emsnt 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 So
Hdity and a wise economy.
Receivable for Lands.-These bonds win
be all times, before aturity, receivable, at 10
in payment for the Company's lands, at their low
est cash price.
Bonds Exchangeable.--The registered
bonds can be exchanged at any time for coupons.
the coupons for registered and both these can be
exchanged for Others payable, principal and inter
est, at any Of the principal financial centres of
EurODe, in the coin Of the various countries.
How To Get Them.-Your nearest Bank
or Banker will supply these bonds in any desired
amount and Of any needed denomination. Per-
sons wishing to exchange stocks or other bonds
for these, can do SO with any Of our sgents, who
will allow the highest current price for all market
able securities.
Those living in localities remote from banks,
may send money or other bends, directly to US by
express, and we will send back Northern Pacific
bonds at own risk, and without cost to the in
vestor. For further Information, pamphlets,
maps, ETC., cali on or address the undersigned, or
any Of the Banks or Bankers employed to sell this