The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1871-04-20

SAFE! PROFITABLE! PERMANENT
JAY COOKE & co.

SAFE! PROFITABLE PERMANENT!
JAY COOKE & co.
Offer for sale at par and accrued interest the First
Mortgage Land Grant Gold Bonds of the Northern
Pacific Railroad Company. They free from Uni
ted States Tax, and issued ofthe following denom-
nations: Coupons, 500, $780, and $1,000; Regis
tered, 500, $500, 81 ,CO1, S5,oCO and S1OcG0.
With the entire confidence with which We
commended Government bonds to Capitalists and
People, now, after the fullest investigation,
commend these Northern Pacific Railroad bonds to
friends and the general public
GOLD PAYMENT.-Both principal and in
payable in American gold CON- at the Office
of Jay Cooke & Co., New York City-the principal at
the end of SO years, and the interest lat the
and three-tenths per cent per annum,) half
yearly, first Of January and July
PERFECT SAFETY.-The bonds we are
now selling secured by first and only mort
gage all the property and rights of the Northern
Pacific Railroad Company, which will embrace on
the completion of the work:
1. Over Two Thousand Miles of Rood, with rolling
stock, buildings and other equipments
2. Over Twenty-Five Thousand Acres of Land TO
every mile of finished road This land agricultural
timbered and mineral, amounting in all to than
Fifty Million Acres, consists Of alternate sections,
reaching twenty to forty miles each side of the
track, and extending, in 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 bonds of the Road, it thus amply provides for
their full and prompt payment by unreserved
grant of land the most valuable conferred upon
great national improvement.
THE NORTGAGE.-The Trustees under the
Mortgage, Messrs. Jay Cooke of Philadelphia,
and J. Edgar Thomson, President of the Pennsylva-
mia Central Railroad Company. They will directly
and permently represent the interests of the First
Mortgage bondholders and are required to see that
the proceeds of land sales are used in purchasing and
canceling the bonds Of the CSnpany if they can be
bought before maturity at not than per cent
premium; otherwise the Trustees to invest the
proceeds of land sales in United States bonds or Real
Estate Mortgages for the further security of Northern
Pacific bondholders. Also that they have at all
times in their CONTROL security at least 500 acres
of average land to every 81 600 of outstanding first
mortgage bonds besides the railroad itself and all its
equipments and franchises
ABLENESS. OF course nothing
be safer than the bonds of the United States but
as the Government is no longer borrower, and as
the Nations present work is not that of preserving
its existence, but that of DEVELOPING CONTINENT we
remind those who desire to increase their income and
ing perfectly reliable security, that
United States 22os ut their average premium yield
the present purchases less than So per cent gold in
| 'erest Should they be redeemed in five years. and
specie payments be resumed, they would really pay
only as per cent. or if in three years. only 81 per
| cent, as the present premium would meanwhile be
/ sunk.
| Northern Pacific 1905, selling at par in currency
yield the investor Gil per cent gold interest ALSO
lutely for thirty years, free from MATED States taa
s1,1oo currency, invested in United States 520s
will yield per year, in gold say $500. s1Io0 cur
rency, invested now in Northern Pacific 1905 will
Yield per year. in gold 5000. Here is difference in
annual iacenc of nearly oae-1ird besides difference
OF to per cent in principal, when both classes of
bonds are redeemed.
TEEE ROAD NOW BUEEDEyG.-work
begun July last on the eastern portion Of the
line and the money provided by the sale to stock
holders OF some six millions of the Company bonds
to build and equip the road from Lake Superior across
Minnesota to the Red River of the North-23S miles
The grading this division is now we'll advanced
the iron is being rapidly laid several thousand men
at work the line and about the first of August
next this important section of the road be in full
operation. In the meantime orders have been sent
to the Pacific coast for the commencement of the
work the western end in early SPRING and there.
after the work will be pushed both eastward and
westward, with as much speed may be consistent
with solidity and wise economy.
RECEIVABLE EOR EANDS.-These
bonds will be at all times before maturity receivable
at LILO, in payment for the Companys lands at their
lowest cash price.
BONDS EXCHANGA BLE,-The register
ed bonds can be exchanged at any time for coupons,
the coupons for registered and both these be
changed for Others payable, principal and interest
any of the principal financial centres of Europe, in
coin of the various European countries.
HOW TO GET TIEM.-Your nearest Bank
or Banker will supply these bonds in any desired
amount, and of any needed denomination Persons
wishing exchange stocks other bonds for these
can do so with any of agents, VINO will allow the
highest current price for all marketable securities
Those living in localities remote from banks may
send money other bonds, directly to us by express,
and will send back Northern Pacific bonds at onr
risk, and without to investor For further
information pamphlets maps, etc, call address
the Undersigned any of the Banks or Bankers
ployed to sell this loan.