The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-04-03
FINANCIAL.
FINANCIAL.
New $50 Cola AONM.
OF THE
NORTHERN PACIFIC R. r. co.
Secured By frat mortgage Oh railroad and
land grant.
Safe! Profitable Permanent!


Gold Bonds of the Northern Pa
cifc Railroad Company.
They are free from
United States tax
and are issued Of the following denomina-
,ions Coupons 800. $500 and $1,000:
Registered slO0, $500, $1,000, $4,000
and $4,000.
With the same entire confidence with
which we commended Government bonds 10
Capitalists and people. We now. after the
( fullest investigation, recommend these Nor
thcrn Pacific Railroad bonds TO our friends
and the general public.
GOLD PAYMENT-Both principal
and interest are payable in American gold
| coin. ut the office of Jay Cooke & Co, New
York City. tie principal at the end Of 90
years. and the interest at the rate at seven
and three ;Cnths per cent. per anRum half
yearly, first Of January and July.
! PERFECT SAFETY The bonds va
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 tie completion Of the
work:
|. Over Two Thousand Miles OF Road,
with rolling stock, buildings, and all other
equipments.
>. Over Twcnty-Two Thousand Acres OF
Land 10 every mile Of finished road. This
hand, agricultural timbered AMI mineral.
amounting in all 10 more than Fifty Million
Acres. consists Of altOrnate sections. reach
ing from twenty to forty miles on each side
Of the track. and extending in broad. fer
tile belt from Wisconsin, through the richest
portions Of Minnesota. Dakota. Montana. Ida
| no. Oregon snd Washington, 10 Puget Sound.
| While the Government does not directly
guarantee the bonds Of he road. it thus am
! ply provides for their full and prompt pay
meat by an unreserved grant Of land, tho
most valuable ever conferred upon great
national improvement.
TIE MORTGAGE The Trustees
under the mortgage are Nessrs Jay Cooke Of
Philadelphia and J Edgar Thompson. Presi-
dent Of the Pennsylvania Central Railroad
| Company. They will directly and permanent
/ " represent the interests Of the First Mors-
| aage bond holders. and are required to SEQ
| that the proceed; OF land sales are used in
purchasing and cnncelIing the bonds of the
| Company, if,hey can be bought before matu-
riiy at not more than 10 per cent premium
/ otherwise be Trustees are TO invest the pro-
creis Of lnnd sales in United States Bonds or
! real mortgages for the further security OF
| Northern Paciiic bon holders. Also that they
/ have at al times IN .heiT control. rs security
| nj least 800 acres Of average lSndto every
| $1,000 Of outstanding first mortgage bonds,
beside. the railroad ITSELF aud all its equip
/ mcnis and franchises.
PR0FITABLENESS.-0f course
nothing can be safer than the bonds Of the
United States, but as the Governmeut is no
! longer borrower. and the nations present
work is not that of preserving its existence.
bu; that Of develop nga contincnt,we remind
those who desire 10 increase their income and
obtain more permarcr: investment, while
still having perfectly reliable security. that:
United States j-20's at their average premi-
um yield the present purchaser less than s
H. per cent gold interest. Should they be
| redeemed in FIVE years and specie payment
resumed, they would really pay only S's
cent. or if in three years, only l-2 per
cent. 1sthe present premium would mean
while be sunk.
| Northern Pacific 1905 selling a, par in
currency yield the investor : $40 per cent.
gold interest absolutely for thirty years, free
| from United States tax. 81, l0U currency
invested now in Uuiied States 2O's.vill
yield per year in gold say $50. $1,000 in
currency invested now in Northern Pacific I
sos will yield per year in gold SS0.3O. Hero
is difference in annual income Of nearly
one-thirl, besides difference of 10 10 per
-, ~ hNtt Ill haa IA
ire redeemed.
THE ROAD NOW BUILDING
Work was begun in July last on the eastern
| portion Of the line. ann the money provided.
| BY the sale to stockholders of some sir MILL
ons OF the COmpauys bonds, to build and
build and equip the road from Lake Superior
across Minncsots to the Red River at the
NOrth-2G3 miles. The grading on this di
vision is now well advanced. the iron is being
rapidly laid. several thou sand men re at
work on the line. and about the frs of Au-
gust next this important section Of the road
will b. in full operation. In the meantime.
orders have been sent to the Pacific coast for
I the commencement Of the work on the western
end in carly Spring. snd thereafter the work
will be pushed. both eastward and westward.
|
golility and Il wise economy.
RECEIVABLE FOR LANDS -
These bonds will be at ali times. before ms
turity, receivable, at 10. in payment for the
'omrangs lands. ut their lowest cash prices
BONDS EXCHANGEABLE.-Th
registered bonds can be exchanged ut any
time for coupons, the coupons for registered,
and both these car he exchanged for O.hsrs,
payable, principa. and interest, 1t sDy Of the
principal financial centres Of Europe, in tia
coin Of the various European countries.
HOW TO GET THEM Your near
es, Bank or Banker will supply these Bonds
in any desired amount. and Of any needed dc.
nomination. Persons wishing to eIchssge
stocks or other bonds for these can do Sc
with any OF our SCENTS, who will allow IL.
highest current price FOR all marketable sssu.
rites.
Those living in localities remote from bank,