Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1871-03-23
MISCELLANEOUS.
FINANCIAL. Z, .
NE W7-3O GOLDLO.AN
Secured by First Mortg-xe On Railroad
and Land Grant.
JAY COOKE& co.

IA SOOAG I" W.
Offer Tor sale at par and accrued interest the
First Mortgage Land Grant Coll. Bonds of the
Northern Pacific Railroad Company They
are free from United States Tax and are issued
$500 and o0e; Registered $780, $780, 81 600, S..
900 ana $1,000. =. - ).
With the same entire confider CO with which
we commended Government bonds to Capital
lists and People, we now, after the FULLEST lives
tfgation, recommend these Northern Pacific
Railroad bonds to our friends and the general
GOLD PAYMENT-Both principal and in
terest are payable in American gold coin Al
the the GSess New Iors
terest tat ths rate of seven and three-tenths per
cent; per annum) haif-yearly, first of January
PERFECT SAFETY.-The bonds we are now
selling. are secured by first and only mort.
gage on all the property and rights OF the North
brace on the completion OF the work: :
Over Two Thousand Miles OF Road with
rolling stock, buildings. and all other equip
2 Over Twenty two Thousand Acres of Land
TO every mile OF finished road. This land az
in AL to more than Fifty Million Acres. con-
sists OF alternate sections, reaching twenty 10
forty miles on eachs de of The track, and ex-
through the richest portions of Minnesota
Dakota. Montana, Idaho, Oregon and Washing,
While the Government does not dirac,,v >
guarantee the bonds OF the Road, 1t thus amply
provides for their full and prom pit payment by
an unreseryed grant Of land. the most valuable
ever conferred upon great national improy e.
ment- -Nl7 - s.. tI :
phis, and ]. Edgar Thomson, President Of the
Pennsylyanfa Central Railroad COMPANY
They will directly and permanently represent
ers, and are required to see that the proceeds of
land sales are used In purchasing and canceling
s befope f ~ os 1ssy can be bought
premium; otherwise the Trustees are to invest
the proceeds Of land sales In United States
security of Northern Pacific bondIoiders~
Also, that they have at all times in their con-
troll, as secnrity. at least SOD acres Of average
land TO every 81 ,0O6 OF outstanding first mort
gage bonds, besides the railroad ITSELF and all
It's equipments and franchises. s. sfE 1.l,iI'
, PRoFITABLENESs:-o :-of course nothing can
be safer than the bonds of the Cniled States
but as the Government is no longer q borrower
and as the Nations present work is not that of
ING CONTINENT, we remind those who desire
to increase their income and obtain more per-
Inanent investment, while Sill having a per-
fectly reliable security. that: r 5t+ : J. -
United States $40 s at their average premium
yield the present purchaser less than 5L per
cent. gold Interest. Should they be redeemed
in five years, aid specie payments be resumed.
they would really pay only AZ per cent. or IL in
three years, only 81 per cent, as the present
Northern Pacific . sos selling at par In cur-,
rency yield the investor 3 10 per cent. gold In
terest absolutely for thirty years. free from Uni
United States SOS viii yieid peryesr ho% iS SoId IN
say $500. 81, 100 currency invested now in
Northern Pacific sos will yield per year il,
come of nearly oue-tsird. besides difference OF
Z TO 10 per cent. in principal, when both classes
Of THE 9aRds Roap ore 5eSse%ed NeW R1111n1Ne va.
begun in July last on the eastern portion ofthe
Zine: and the money provided, by the sale to
stockholders Of some six millions Of the Conn
n md An, ft,s.r- \
Lake Superior across Minnesota TO The Red
River of the North-2SS 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 frst ofl
August next this important section Of the road
ders have been sent TO Pacific coast for the COM
mencement 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 solid
fy and wise economy. sr fIl2T :. =.
RECEIVABLE FOR LANDs.--These bonds
Will be at all times, before maturity, receivable
at l.l0, in payment for the Com pany s lands. a,
their lowest cash pr1ce tI,.i- -ffl'-l T'7'
BONDS EXCHANGEABLE-The repisteref,
bonds can be exchanged at any time for Comm
the coupons for registered, and both these can
ne excnanged tor others, payable, principal and
tres of Europe, in the coin of the various sEu.
ropean countries. 80. F-, f...f- u 80 =
HOW TO GET THEM. nearest Bank or
Banker will supply these bonds in any desired
amount, and of any needed denomination
Persons wishing to exchange stocks or other
bonds for these, can do so with any of our
agents, who will allow the highest current |
price for all marketable securities.
Those living In localities remote from,bank
may send money, or other bonds directly to Us
by express, and we will send back Northern
Pacific bonds at our own risk, and without cost
TO the investor. For further Information,
undersigned, or any of the Banks or bankers
em ployed to sell this loan. -- |
After thorough Investigation, / have accented |
the Gen raj Agency forsWest Virginia and the |
adjacent Counties of Ohio and Pen9sylvauia.
for the sale of these bonds and confidently re.
ment. -...,--..... :. - = =" |
r. CRANGLE.
President of the City Bank OF Wheeling.
fully concur in the above, .+t.--sI- -
II. C. WELDAY, Cashier
LIST Nat. Bank st. Clairsville, Sub-Agent.