The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-02-13
Offer for sale al. par and accrued in,etest
the First Mortqage Land Grant
Gold Bonds of the Northern Pa

"
Offer for sale at par aud accrued in,etest
the First Mortrage Land Grant
Gold Bouds Of the Northern Pa
cifc Railroad Company.
They arc free from 70.
United States tax -,,.-
and are issued Of the following denomina.
tons Coupons 500, $500 and $1,000;
Registered SlOo, $500. $1,000, $4,000
and $4,000. 7r1 a sa
With the same entire e0naience with
which we commended Government bonds TO
Capitalists and people. We now, after the
/ fullest investigation, recommend these Nor
thern Pacific Railroad bonds to our friends
and the general public. E'l .at
GOLD PAYMENT Both principal
and interest are payable in American geld
coin. At the Office Of Jay Cooke & Co., New
,, York City, tie principal at tao end Q; 80
years, and ,he Interest fat the rate af seven
and three ,enths per cent. per annum half
yearly, first of January and July. f-yg7f
PERFECT SAFETY Z The bonds we
! are new selling are secured BY. a first and
only mortgage on all the property and rights
ofthe Northern Pacific Railroad Company,
which will embrace on the completion Of the
work: ..-.-.r -f,r.
]. Over Two Thctsand Miles of Road,
with rOlling.slock, buildings, and all other
equipments. ma rs,rggr
7 .. Over Twenty-Two thousand Acres Of
I.sud 10 every mile of finished road. This
land, agricultural timbered aud mineral.
mounting in ALT more than Fifty Million
Acres, consists Of alternate sections, renoh-
ing from twenty TO forty miles on each side
of the track, and extending in q broad, fer
tile belt7from Wisconsin, through the richest
portions of Minnesota, Dakois. Montana Ida
ho, Oregon and Washington, TO Puget Sound.
While the Government does not directly
guarantee the bonds Of he road, it thus am
ply pre- rtyides for their full and prompt Iay-
meat by an unreserved grant of land, the
most valuable ever conferred upon asrest
national improvement.
THE MORTGAGE-The Trustee,
under the mortgage are Mcssrs. Jay Cooke of
Philadelphia and ] Edgar Thompson. Presi-
dent Of the Pennsylvania Central Railroad
Company. They will directly and permanent.
ly rerresentthc interests Of the First Mort
gage. bord holders, and are, required TO SEQ
that the proceeds of land sales are used in
purchasing and canc.lling the bonds of the
Company, if they can he bough: before matu-'
rity at no. more than 10 per cent premium
otherwise the Trustees are to invest the pro-
ceeds Of land salesin United States Bonds or
real mortgages for the further security Of
Northern Pacific bondholders. Also that they
have at sll times in their control, rs security
at least 800 here's OF average landto every
$1,000 OF outstanding first mortgage bonds,
besides the railroad itself, aud all its equip
ncnts and franchises. -'5frg .,-.rsrrtsv
PROFITABLENESS.-0f r course
nothing can be safer than the bonds Of the
United States, but as tile G overnment is no
longcra borrower, and the naii6h's present
work is not that Of preserving its existence.
but that OF teTeloping contiuent,we remind
thoss who desire to increase their income and
obtain more permanent investment, while
still having perfectly reliable security, that:
United States 5-20's at thei. arerag premi-
um yield the present purchaser less than 8
l-2 per cent gold interest. Should they be
redeemed in Eve years andspecic payment
resumed, they would really pay only 4,S.s
cent, or ifin three years. only 3 IL per
cent, asthc present premium would mean
while be suak. leC3GEg o.
Northern Pacific 1905 selling at pas In
currency yield .ke investor ], $40 per cent.
gold interest absolutely for thirty years, free
from United States ta&, S, 100 currency
Invested now In Uuiied States 8 20's will
yield per year in gold say So. $1,000 in
currency invested now in Northern Pacific 4
sos will yield perycari in gold $50, 80. Here
is = difference in ANNUAL incCms OF nearly
one-third, besides d difference of Ito 10 per
cent in principal, Shen both classes Of bonds
ire redeemed. ...,. ..-
THE ROAD now BUILDING,
Werkwas begun in July last on the eastern
portion of the line, ann the money provided.
BY the sale to Stockholders OF some six niili-
ons Of the Company's bends, to build and
buldand equip the road from Lake Superior
across Minnesota to the He'd River Mt the
North-e33 miles. The grading on this di.
vision is now well advanced The iron is being
rapidly laid, sewers! ti.otsand men are st
work on the line. and about the FRS of An
gust nextthis important section of the road
will be in full operation. In the meantime.
orders have been sent TO the Pacific coast for
the commencement Of the work on the western
end in carly Spring, anllihcrca fter the .werk
will be pushed, both east way, and westward,
with as much speed az msy b. consistent with
solili'y and awise economy. 5rl tga Z.
RECEIVABLE FOR LANDS.
These bonds will be at sil times, before ma
turity, receivable, al 10, in payment for the
Company's lsnds, at :helr lowest cash prices
BONDS EXCHANGEABLE.- The
registered bonds can be exchanged at aay
time for coupons, the coupons for registered,
and both these can he exchanged for cthers,
payable, principal and interest, at sny Of the
principal financial centres Of Europe, in the
cOin'of the tarioss European countries.
HOW TO GET THEM Your near
est Bank or Banker viii supply tAcs. Bonds
in any desired amount. aal or any needed de-
noninStion. Persons wishing 70 cxchp-ge
stocks or other, bonds for these can do 20
with any Of our agents. who will allow the
highest current price FOR all HarAe,ablc secu,
rifles, r..,y .,...
Those living in localities remote from hank,
mry send mOrSy or other bonds directly 70
us by express, and We vi send hack North.
ern PacEc bonds at our own risk, and wilt
out cost 10 the investor. For further inforui-
alton, pamphlets, MAPS, ETC., call On ar su :
dress the undersigned or any of the Banks
or Bankers Cmfloycd TO sell ihisloaa.
After thorugh investigation have Hecept-
ed the general agency for West Virginia aud