Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1871-01-19

| Offer for sale at par and accrued interest tbe
FIRST Mortgage Lang Grant ela Bonds OF the
are free from United States ~ and are issued
Of the following denominatit rs. Coupons SION
S50e, and as g 200; Registered slso $500. slOOO S.
With the same entire confidence with which
we commended Government bonds to Capital
lists and People, we now, after the fullest nyes-
legation, recommend these Northern Pacific
puolic. 90"
GOLD PAYMENT.-Both principal and in
terest are payable in American gold coin. at
the Office of Jay Cooke d Co., New YorK civ
the principal at the end Of 80 years, and the in
cent per annum) half-yearly, first of January
and July.
PERFECT SAFETY,-Tfie bonds wa arc nov
selling. are secured by first and only mort"
gage on all the property and rights of the North
ern Pacific Railroad Company, which will EN-.
brace on the completion of the work:
l. Over Two Thousand Miles of Road. with
rolling stock, buildings. and all other equip
q Over Twenty-Five Thousand Acres of Land
to every mile of finished road. This land az
ricultural, timbered and mineral, amounting
in AL to more than Fifty Million Acres, con.
slStS OF alternate sections, reaching twenty To
forty miles on each side of the track, and exo
tending in broad fertile belt from Wisconsin
through the richest portions of Minnesota
ton, to Puget Sound. s---0ss- =
While the Government does not directly
guarantee the bonds of the Road it thus an1nIy
provides for their full and prom pt payment t byy
an unreserved grant of land, the most valuable
ever conferred upon great national improve
ment.
THE MORTGAGE.-The Trustees under the
Mortgage, are Messrs. Jay Cooke of Philadel-
phia, and ]. Edgar Thomson, President of the
Pennsylvania Central Railroad COMPANY
They will directly and permanently REPRESENT
the interests OF the First Mortgage bond hold
ers, and are required to see that the proceeds of
land sales are used in purchasing and cdncetkiIU
The bonds of The Company ii they can be bought
before maturity at not 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 bondiIolders-
Also, that they have at all times in their con.
troll, as security, at least 500 acres of average
land to every l.000 of outstanding first mort
gage bonds, besides the railroad itself and all
PRoFfTABLENEsS.- course nothing can
be safer than the bonds of the UniIed States
but as the Government is no longer borrower
ana as the Nations present work is not thai of
preserving its existence, but that of DEVELOP
ING CONTINENT, we remind those who desire
70 increase tnetr Income and obtain more per-
manent Investment, while still having a per-
fectly reliable security, that
United States $40 S at their average premium
cent. gold interest Should they be redeemed
in 1ve years, and specie payments be resumed
they would really pay only3s per cent. or if in
premium would meanwhile be sunk.
Northern Pacific 1905 selling at par in cur
rency yield the investor $40 per cent. gold in
81
ted Scres tar. 81 100 currency invested now in
United states 5-20's will yield per year in gold
say sSs sdi1o cnrreney @ invested now in
gold. SS0.3O. Here is difference II, annual in
come OF nearly one-third. besides a difference of
to 10 per cent. in principal, when both classes
THE ROAD NOW BUILDING-Work was
begun IN July last on the eastern portion ofthe
stockholders of some six millions of the Com
panys bonds, TO build and equip the road from
Lake Superior across Minnesota TO the Red
River OF the NOrth-2}3 miles. The grading on
this division is now well advanced, the iron is
being rapidly laid; several thousand men are
at ri work on the line, and about the first Of
will be in full operation. In the meantime or
ders have been sent to Pacific coast for the com
in early Spring. and Thereafter the WORK viii
be pushed, both eastward and westward with
as much speed as may be consistent with solid
RECEIVABLE FOR LANDS.-These bonds
will be at all times, before maturity receivable
at llo in payment for the Company's lands, at
BONDS EXCHANGEABLE.-T registered
bonds can be exchanged at any time for coupons
the coupons for registered, and both these can
be exchanged Tor others, payable, principal and
interest, at any of the principal financial CEN
tres of Europe, In the coin Of the various Eu-
rOpean countries. r
HOWTO GET THEM.-Your nearest Bank or
Banker will supply these bonds in any desired
amount, and of any needed denomination
fersons "ishinS 70 exchange STOCKS or Other
bonds for these. can do so with any of our
agents, who will allow the highest current
price for all marketable securities
Those living in localities remote from banks,
may send mtney, or other bonds, directly to us
by express, and we will send back Northern
Pacific bonds at our own risk, and without cost
TO the investor. For further Information,
pamphlets, maps, etc.. call on or address the
undersigned, or any of the Banks or Bankers
employed to sell this loan.
After thorough Investigation. have accepted
the General Agency for West Virginia land the
adjacent Counties of Ohio and Pen 1sylvania.
for the sale of these bonds and con nfidently re-
commend them as safe and profitable invest
ment. -.r
r. CRANGLE
/ President of the City Bank of Wheeling.
rfuliy concur In ths above,
II. Q. WELDAY, Cashier
LIST Nat Bank st. Clairsville, Sub-Agent.
jal9-4t ~