Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1871-01-18
JAY COOKE & CO.

JAY COOKE &c CO..
OHer forsEle Of par and aeerzed intsrestths First
Mortgage Land GraHt Gold Bonds OF the North
ern Pacific Railroad Company. They are free
from United State Tax. and are issued OF the
and $1,000; Registered 500. $500, 81. 900 8, O0O
and $l0,0JO.
With the same entire confidence with
which We commended Government bonds
10 Capitalists and People, we now, AFTER the
fullest investigation, recommend these Nor
theru Pacific Railroad bonds to our friends
and the general public.
cold PAYHENT-Both principal and in
terest are payable in American gold coin, at
the Office of Jay Cooke & Co, New York
City-the principal at the end OF 80 years,
andthe interest (atthe rate OF seven and
three-tenths per cent. perannuml half-year-
Is, first Of January and July,
PERFECT SAFETf--The bonds we are now
selling, are secured ~ a first n only mort
gage on all the property and rights OF the
Northern Pacific Railroad Company, which
will embrace on b completion ofthe work:
i. Over Two Thousand MilesOf Road, with
rolling stock, buildings, n all other equip
ments.
q over TWENTY-FIVE Thousand Acres Of
Land TO 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 to forty miles on each side Of the
track, and extending in a broad fertile belt
from Wisconsin through the richest portions
oil lLLnuENNAAs AAkDAas 1-OAAhLAA. NNAlAks
Oregon and Washington, 10 Puget Sound.
While the Government docs not directly
guarantee the bondsOfthe Road, II thus am
ply provides for their full and prompt pay
ment by an unreser7ed grant Of land, the
most valuable ever conferred upon n great
national Improvement.
nj MORTGAGE.-The Trustees under the
Mortgage, are McSSls. Jay Cooke OF Phila-
delphia, and ]. Edgar Thomson. President OF
the Pennsylvania Central Railroad Conn
pany. They will directly and permanently
represent the interests Of the First Mort
gage bond holders, Gnd are required 10 see
that the proceeds o. land sales are used in
Dlu-chuging and cTHoeHiag us bonds Of The
OmPuuym they can be bought before matu-
rity at not more h ID per cent. premium /;
otherwise n Trustees are 70 invest the no
ceeds OF land sales IN United States Bonds
or Real Estate Mortgages for the further Sc
curity Of Northern Pacific bOndholders.-
Also, that they nave at all times in their
control. as security, at least 500 acres Of aver
age land TO every sl,UO OF outstanding first
mortgage bOnds, besides the railroad itself
and all its equipments n franchises.
PRBFITABLENESS.-Of course nothing can
be safer than the bonds OF United States.
but as the Government Is no longer n Dor
rover. and as the NatiOn's present work is
not OF preservingits existence, but that
OF DEVELOPING ~CONTINEST, we remind
those who desire TO increase their income
and obtain a more permanent investment,
while still having a perfectly reliable secu-
United States sos at their average pre-
MUM yield the present purchaser less than
81 per cent. gold interest. should they be
redeemed in nveyeurs. and specie payments
be resumed, they would really pay only *
per cent, or II in three years, only 81 per
cent, as the present premium would mean
while be sunk.
Northern Pacific 1905 selling at par in
currency yields the investor 7 $40 Per cent.
gold interest absolutely for thirty years,
free from United SAFES far. SLIGO currency in
vested now in United states 5-2J's will yield
per year in gold. say s62,00. SLIGO currency
invested now in Northern Pacific 7-30's will
yield per year in gold, 5000. Here Is a diff
ference ia annual income Of nearly OHe-Iiird,
besides a difference OF : to 10 per cent. in
principal, when both classes Of bonds are
redeemed.
THE Road NOW BUILDISG.-Work was be-
gun In July last on the eastern portion Of
the line, and The money provided, by the
sale 10 stockholders Of some six millions Of
the COmpany's bonds, to build and equip
the road from Lake Superior across Mime
sofa to the Red River Of theN Orth-2s3 miles.
The grading on this division is now well ad-
vanced, the iron is being rapidly laid; sew
eral thousand men are at work on the line,
and about the first or August next this i'm
portant section Of the road will be in full
operation. In the orders have
been sent TO h pacific coast for the COM
mencement OF the work on the western end
in early Spring, Inc thereafter the work
will be pushed. both eastward n west
ward, with as much speed as may be con
sistent with solidity and a wise
RECEIVABLE FOE LANDS.-These bonds
viii be at all times, before maturity, re-
ceivable, at Ito, in payment for the COmpa-
ny'slands, at their lowest cash price.
BONDS ENCHANGEABLE-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 interest, at any Of
the principal financial centres uf Europe. I'm
the coin OF the various European countries.
How 10 p IHEH.-NOur nearest Bank or
Banker will supply these bonds in any de-
sired amount, and OF any needed denOmi-
nation. Persons wishing 10 exchange stocks
or other for these, can do so with any
OF our agents, who will allow the highest
current price for all marketable securities.
Ihose living in localities remote from
banks, may sehd money, or other bonds, d.
rectIy 10 as by express, and we Will send
back Northern Pacific bonds at our own
risk, and without cost 20 the investor. For
further Information. pamphlets, maps, etc,
call on or address the undersigned. or any
or the Banks or Bankers employed TO sell
this loan. j. V. PAINTER. Banker.
Cleveland, GeHerdl AgsgfJor ScrtherH o.
For sale in HdTrsn, by FTTy National Bank,
IftnlbuH National Rank, T.. j. HcLOm & Son.
BdlEers Freeman & HINT. RGHkers.
Jan. Is. ISL.