Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1871-02-08
FINANCIAL.
SAFE! PROFITABLE! PERMANENT
JAY COOKE Il 20.

JAY COOKE * 60.
OFFER FOR SALE AT PAR AID ACCRUED IN
TEREsr THE First MORTGAGE LAND
GRANT GOLD BONDS OF THE NORTHERN
PACIFe RAILROAD COMPANY. THEY ARE
FREE FROM UNITED STATES I kY, AND ARE
ISSUED IN THE FOLLOWING DEN oMINATIoNs:
CUPoNs Sl00, 5000, AND 1000; REG
IsrEREp 500, $500, 81, 900, 1000 AND
$4,000.
With the same entire confidence with which
we commended Government bonds to Capita
lists and People, we now, after the fullest in
vestigation, recommend these Northern Paci-
fic Railroad bonds to our friends and the GEN
eral public.
GOLD PAYMENT.-Both principal
and interest are payable in American gold
coin, at the Office of Jay Cooke & Co,
New York City-.he principal at the end of
80 years, and the interest fatthe rate ofseven
aud three-tenths per cent. per annum) half
yearly first of January and July.
PERFECT SAFETY.-The bonds we
mortgage on all the property md rights of t5e
Northern Pacific Railroad Company which
will embrace on the completion Of the work i:
/. Over Two Thousand Miles of Road, with
rolling stock buildings, and ell other equip
ments.
2. Over Twenty-Five thousand Acres of
Land to every mile of finished road This
land agricultural, timbered aud mineral
n m q III n hon
Acres, consists of alternate sections, reachin g
twenty to forty miles on each side of the track,
and extending in a broad fertile belt from
Wisconsin through the richest portions of Min
nesca Dakota, Montana, Idaho Oregon aud
Washington, 20 Puget Sound
While the Government does not directly
guarantee the bonds of the Road, it thus am
ply provide for their full and prompt payment
by an unreserved grant ofland the..most valu-
able ever conferred upon great national i'm
provement.
THE TGAGE,-The Trustees
under the Mortgage, are Messrs. Jay Cooke
of Phi adelphia, aad J. Ed gar Thompson, Pres
ident Of the Pennsylvania CentSal Railroad
Company. They will directly and permanent
Iy represent the First Mortgge bond he. ders.
and are required to see that tee proceeds of
land sales are used in purchasing and cancel
ling the bonds of the Company if they cal De
bought before maturity st not more than 10
per. cent premium: otherwise The Trustees are
to invest he proceeds of land ales in United
States Bonds or Real Estate Mortgages for the
further security ofNorthern Pacific bondhold-
ers. Also, that tho have at all timss in their
control, as security, at least $40 acres of av-
erage land to every 81 600 of outstanding f ret
mortgage bonds, besides the railroad itself
and all its equipments and franchises
PRoFiTABLENES S.-Of course no.
thing can be- safer than the bonds of the
UhNed States, but as the Government is no
longer borrower, and as the Nation 8 present
work is not that OF preserving its existence
but that Of developing continent; we remind
those who desire to increase teeir income and
obtain permanent investment, while still
having perfectly reliable security, that:
Tinted States 5-20's at their average premi-
UNI yield the present purchaser less than 81
per cent. gold interest. Should they be re-
reemed in five years, and specie payments re-
sumed, they would really pay only 43a per
cent, or If IN three years only 81 per cent,
as the present premium would mean while be
sunk,
Northern Pacific 1905 selling at par in cur
rency yield the investor 2-lO per cent gold
interest absolutely for thirty years, free from
United States tas 81, 100 currency invested
now in United States, 6-2O's will yield per wear
in gold, say S62 90. 81, 100 currency invested
now in Northern Pacific 1905 will Weld per
year in gold, $50. 80. Here is difference in
annual income of nearly third, besides
difference of 7 to 10 per cent in principal,
when both classes of bonds are redeemed.
THE ROAD NOW BUILDLNG.-Work
was begun In July last on the eastern portion
Of the line, and the moneg provided, by the
sale to stockholders ofsome siz millions of the
Company's bonds, to build and equip the road
from Lake Superior across Minnesota to the
Red River Of the North --233 miles The grad
ing 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
first of August next this important section o.
the road viii be in fun operation. Ia the
meantime orders have been sent to the Pacific
cost for the commencement of the work CD
the western end in early spring, and thereaf-
ter the work will be pushed, bo2h eastward
and westward, with as much speed as may be
with solidity and a wise economy.
RECEI VABLE FOR LANDS These
bonds will be at all times, before maturity,
receivable, at l. 10, in payment for the Com
pany's lands at their lowest cash rates.
BONDS EKCHANGEABLE The re, :
iSJGGtu DOIuo Cdu U6 tAGHhilpGu lUT. DINERS,
D ayable, principal and interest. at any of tho |
principal financial centres of Europe, in the |
coin of the various European countries.
HOW TO GET THEA-Your nearest Bank |
or Banker will supply these bonds in any desir-
ed amount, and Of any needed den 1mination |
Per sons Wishing TO exchange stocks or other |
bonds for these, do SO wit any of our agents
W DO will allow the highesa current price for all |
ma ketable securities.
Those living in localities remote from banks, |
may send mouey. or OTHER bonds directly TO u |
by ex press. and we will send buck Northern |
Pacific bonds at our own risk, and without cost |
to the investor For further information pam |
ohlets maps, etc, call on address The under |
igned or any ofthe Banks or Bankers EN- ployed |
% sell thi loan. For sale by
Wisconsin National Bank I
and Bank of WatertoWn,
w ATERTowN, WIsCoNRIN.
LUNT. PRESTON & KEAN,
Bankers. Ch cago, General Agents tor the North
ern Pacific ESQ Loan. lsm3