Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1871-01-20
FINANCIAL.
NEW 7-SO GOLD LOAN
OF THE
NORTHERN PACIFIC
Railroad Company
Secured by First Mortgage on Railroad and
Land Grant.
FINANCIAL.
safe! Profitable Permanent
yAY COOKE s. co.

offer for sale at par and accrued interest
the First Mortgage Land Grant Gold
Bonds of the Northern Pacific Railroad
81 ates Tax, and are issued of the following
denomiuations: Coupons 500. S5O0 Sl.O00
With the same entire confidence which
we commended Government bonds to Cap
itallsts and People, We now, after the full
ern Pacific r tilrOad bonds to our friends
and the general public
Gold Payment.-BOth principal and ia
terest are payable IN American gold coin
at the Office OF lay Cooke & Co, New York
City-t the pal at the end of so years
and the interest lat the rate of seven and
three-tenths per cent. per anuum) hal
yearly, first of January and July.
inc 49, sa,.1rtri Nv q f7rsst ana o1,IV- ,y1lS-f
gage on an the property and rights of The
Northern Pacific Railroad ompanY, which
work:
/. over Two Thousand Miles of Road
with rolling Stock, buildings, and all Other
equipm rents
2. over twenty-five Thousand Acres OF
Land 10 every mile of finished road. This
land, agricultural, tImbered and mineral
amounting in ali TO more than Fifty Mil
lion Acres, consists of alternate sections
side OF the track, and extending in a 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
guarantee the uOuus Of the Road, II thus
amply provides for their full and prompt
payment by. an unreserved grant of land,
the most valuable ever conferred upon a
a great national Improvements
The MOrGSage--rhe Trustees under the
Mortgage, are Messrs-Jay VOOke ofPhiladel-
kh1a1 ana j. Edgar Thomson, President OF
the Pennsylvania Central Railroad Com
pany. They will directly and permanent
ly represent the interests of the First Mort
gage bond holders, and are required to see
that the proceeds Of land sales are used in
purchasing and cd7lceLtiag Lhe bonds Of the
Company If they can be bought before ma
Iurlty al more than 10 per cent. premium
otherwise the Trustees are to invest the
proceeds of land sales in United States
Bonds or Real Estate Mortgages for the
further security of Northern Pacific bond
holders. Also, that they have at all tim es
in their control, as security, at least 500
acres of average land to every 81 QUO of OUT
standing first mortgage bonds, besides the
railroad itself and AL its equipments and
PrO1HtabIeness-Ofe course nothing can
be safer than the bonds of the United
states, but as the Government is no longer
a borrower, and as the Natlon's present
work Is not that OF preserving its existence,
but that of developing continent, we re-
mimi those who desire to incre sc their in
come and obtain a more permanent Invest
ment, WhiIe still having perfectly relia-
bic security, that:
MUM yield the present purchasers less
than 512 per cent. gold interest. Should
paym De resumed, they would really
pay only 45s per cent, or lfln three years,
only 80 per cent, as the present premiu IN
would meanwhile he sunk.
Northern Pacific 7-3O's selling at par in
currency yield the investor 3-I0 per cent.
gold Interest absolutely for thirty years,
free from United States tar. 81 100 currency
invested now in United States 5-20's will
yield per year in gold, say $4,000. 81 100
currency invested now in Northern Pacific
4-5O's VIII leld per year IN gold, $50 3d.
Here is difference IN annual income OF near
iy one third, besides a difference Of z to 10
per cent. in principal, when both classes oJ
DOnQS are redeemed,
The Road now BuiIdtnE.-Work was
begun in July last on the eastern portion
OF the line, and the money provided, by
the sale to stockholders of some six mill
lions of the Company's bonds, to build and
equip the road from LAKE Superior across
Minnesota 10 the Red River OF the North
233 miles: The grading on this division is
now well advanced, the iron is being rap
idly laid several thousand men are at
work ON the line, and about the first of Au-
gust next this important section Of the
road will be in 1ull operation. In the
meantime orders have been sent to the Pa
cific coast for the commeucement of the
work on the western end in eally Spring,
and thereafter the work viii be pushed,
both eastward andssF e7tWard, with as much
speed as may be consistent with solidity
and wise econ envy
Receivable G8=-I4ands--Thssa- hands
viii be at AL times, before maturity, rece1v-
abI', at LILO, in pay ment for the Company Is
lands, at their lowest cash price.
Bonds Exc hangabIe.-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 of Europe,
in the coin of the various European coun-
tries.
or Banker will supply these bonds in any
desired amount, and of any needed deDom-
inatiOn. Persons wishing to exchange
stocks or other bonds for these, can do so
with any of our agents, who will allow the
the highest current price for all marketa-
Bile securities.
Those living in localities remote from
banks, may send money, or other bonds,
directly to us by express, and we VIII send
back Northern Pacific bonds at our own
risk, and without cost 10 the investor. For
further InformOfion, pamphlets, maps, etc.
call on or address the undersigned, or any
of the Banks or Bankers employ ed to sell
this loan. J,V. PAINTER, Banker,
Cleveland, Ohio.