The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1871-02-03
FINANCIAL.
FINANCIAL.
NRW 7-SO GOLD LOAN.
OF IHE
Northern Pacific Railroad Co,
Sscaai By Fist Mortgage Oh Ra'nal Land Grant
SAFE, PROFITABLE. PERMANENT,
COOKk&CO.

- n Il WV - L. 70 W.
Offer for sale at par and accrued interest the
First Mortgage Land Grant Gold bonus 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 800,
$500, 8, 900, $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-ths
principal at the end of 80 yeas, and the interest
lat the rate of seven and three-tenths per esnt.
per annuml half-yearly, first of January and July.
PERFECT SAFETY.-The bonds we
are now selling, are secured by first and only
mortgage on ali the property and rights Of the
Northern Pacific Railroad Company, which will
embrace on the -ompletion of the work:
l. Over Two Thousand Miles Of Road, with roll
ing stock buildings, and all other equipments.
Q. Over Twenty-Five thousand Acres Of Land to
every mile Of finished road. This land, agricul-
tural, timbered and mineral, amounting in all to
more than Fifty Million Acres, consists Of altern-
ate sections, reaching twenty to forty miles on
each side of the track, ard extending in broad
fertile belt from Wisconsin through the richest
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
unreserved grant of land, the most valuable ever
conferred upon a great national improvement.
THE MORTGAGE.-TheT Trustees un-
der the mortgage, are 1IeSrs. Jay Cooke Of Phila-
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 cAScELISe TIE BONDS
OF The CoMPANx if they can be bought before ma
turity at not more than 10 per cent, Premiumi
otherwise the Trustees are to invest the proceeds
Of land sales in United States Bonds or Real Es-
tate Mortgages for the, fur' her security Of the
Northern Pseifi, boadholdeFs. Also, that they
have at all times in their control, security, at
least 500 acres Of average land to every $1,000 Of
outstanding hrss mortgage bonds besides the rail-
road itself and all its equipments and franchises
PrOfftableness.-Of course nothing can
be safer than the bonds ofthe United States, but
as the Government is no longer ! borrower, and as
the Nations present work Is not that Of preserving
its existence, but that of DEvBLo2IyG a CONTINENT
We remind those who desire to increase their in
come and obtain mere permanent investment,
while still having perfectly reliable security
that:
United States sos a. their average premium
yield the present purchaser 1essthan sH per cent.
gold interest. Should they be redeemed IN i've
years, and specis payment be resumed, they would
really pay only ~ per cent, or If in three years
only3Y per cent, as the present premium would
be sunk.
Northern Pacific 7-Sd's selling at par in currsn-y
yield the investor $40 per cent guld interest ab
solutely for thirty years, free from United
States tar. sl,eOO currency invested row in
United taies 5-.Os viii yield per year in gold say
a63 o. SIGCO ,lirreDcy invested now in Northsrn
Pa ife 1905 viii yield psr year in gold, ts0.SO.
Here is difference ia annual iIleonte of nearly
DHe-third, besides difference OF to 10 per cent
IN principal, when both classes of bonds are re-
1eemed.
The Road Now Buiiding.-WOrk was /
begun iaJ uly last on the eastern portion OF the
inc, and the money provided by the sale OF stock
holders Of some six millions Of the CompanyS
bonds, TO build and equip the road from Lake sup
sFior across Minnesota to the Red River Of the
Sorth-23s miles. The grading on this division "A
now well advanced, the iron Is being rapidly laid
,eversl thousand men are at work on the line, and
about the first Of August next the important se--
lion of the road will be in fnl operation. In the
meantime orders have been sent to the Pacific |
coast for the coTanen-emsnt Of the work on the
western end in early spring, and thereafter the