The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-01-25
NEW 7-3O GOLDLOAN
NORTHERN PACIFIC RAILROD co.
Secured by Plnt Mortgage GU Railroad
aud Land Grant.
sAfEl PRoFIrABLEl PERMANENT
JAY COOKE & co.

Offer for sale at par and accrued interest the First
Mortgage Land Grant Gold Bonds OF tho North.
ern Pacific Railroad Company. They are free
from United States Tax, and are issued Of the
following denominations: Coupons 800, $500,
aud 81 900; Registered 800, $500, 5000, 5000
aud $4,000
With the same entire confidence with whichwe
commended Government bonds to Capitalists and
People, W. now, after the fullest investigation.
recommend these Northern Pacific Railroad
bonds 10 our friends and The general public.
GOLD PAYMENT.-Both principal and Inter.
est arc payable In American gold con, at the
Office Of Jay Cooke d Co., New York Clty-thc
principal at tho end OF Years, and the interest
lat the rate OF seven and three.tenths per cent,
per annum) half.yearly, first OF January aud July.
PERFECT SAPETY.-Tho bonds we are now
selling, are secured by first ana only mortgage
on oil tho property and rights Of tho Northern
Pacific Railroad Company, which will embrace
on tho completion Of tho work:
!. Over Two Thousand Miles OF Road with
rolling stock, buildings, and all other equip
mcnts.
., Over twenty-five Thousand Acres Of Land
to every mile Of finished road. This land agri
cultural, timbercd and mineral, amounting III all
to more than Fifty Million Acres, consists Of al.
tCrnAte sections, reaching twenty to forty miles
on each side OF the track, and extending In
broad fertile belt rom Wisconsin through tho
richest portions Of Minnesota, Dakota, Montana,
Idaho, Oregon and Washington, TO Puget Sound,
While the Government does not directly guar.
antcc the bonds Of the Road, 1t thus amply pro
vdcs Tor their full and prompt payment BY an
unroseved grant Of land the most valuable ever
conferred upon great national Improvement.
THE MORTGAGE.-Tho Trustees under the
Mortgage, are Mestrs. j. Cooke OF PhiladClphln,
and j. Edgar Thomson, President Of the Penn.
sylyanla Central Railroad Company. They Will
directly and permanently represent the Interests
OF the First Mortgage bond holders, and arc re-
qulred TO SEQ that the proceeds Of land sales are
used 10 purchGslnJ and caHcthilng ne b0Hds Qfhs
Company II they can bc bought before maturity
at not more than 10 per cent premium; other.
wise 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 bondholdprs. Also, that they
have at all times In their control, as security, at
least 500 acres Of average land to every $1,000 Of
outstanding first mortgage bonds, besides the
railroad Itself and all itS equipments and iran
chises.
PROFITABLENESS.- course nothing can
be safcr than the bonds Of the United StAtGs, but
Us the Government Is no longer borrower, aud
as the Nations present work Is not that Of pre-
serving Its existence, but that Of DEVELOPING 4
CONTINENT, We remind those who desire 10 In.
crease their Income and obtain more permanent
investment, while still having u perfectly rulia'
bic security, that:
United States 5.2O's at their average premium
yield tho present purchaser lcss than 6N per
cent, gold interest. Should they be redeemed IN
Ave years, and specie payments be resumed, they
would really pay only AZ per cent, or II in three
years, only az per cent, as the present premium
would meanwhile be sunk
Northern Pacific 1905 selling at pAr In currGn
cy yield the investor $40 per cont gold interest
absolutely for thirty yCars, free from Dhitsd
States tar. 81 100 currency Invested now In Uni'
S620O. SLIGO currency Invested now IN North
ern Pacific 1905 will yield per year In gold $50 S0
Here Ii difference M annual Income Of nearly
OHe.thiri, besides difference Of to 10 per cent
in principal, when both Clnsscs Of bonds arc ie.
deemed
TIE ROAD NOW BUILDlNG.-wOrk was be,
gun in 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 C0mpauy's
bonds, to build and equip tho road from Lake
Superior across Minnesota TO tho Red River Of the
North-233 miles. The grading on this division
Is now well advanced, the irOnls being rapidly
laid; several thousand men arc at work on the
line, and about tho trst Of August next this I'm.
pOrtant section OF the road Will bG In full opera
tiOn. In the meantime orders have been sent TO
tho Pacific coast for tho commencement Of the
work on the western end In carly Spring, and
thereafter tho work will bG pushed, both east.
ward and westward, With az much speed az may
be consistent with solldlty and wise economy.
RECEIVABLE FOR LASDS.-These bonds will
be at all times, before maturity, receivable, Of
l.1O, In payment for the Companys lands, at their
lowest cash price.
BONDS EXCHANGEABLE.-Th 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
countries.
HOW TO GIT TlIEM.-YOur nearest Bank or
Banker will supply these bonds In any desired
amount, and OF any needed denomination. Per.
sons wishing 10 exchange stocks or other bonds
for these, can do so with any Of our agents, who
will allow the highest current price for oil mar.
ketable securities
Those living In localities remote from banks,
may send money. or other bonds, directly 10 us
by express. and we will send hack Northern Pa.
ciac bonds at our own risk, and without cost 10
the investor. For further information, pamnh'
lets, maps, etc, call on or address the undersign.
cd; or any OF the Banks or Bankers employed 10
sell this loan.
After careful investigation have accepted the
General Agency for West Virginia and tho ada.
cent counties OF Pennsylvania and Ohio for the
sale OF these bonds and confidently recommend
them TO my customers and investors generally.
r. CRANcLE,
janIGcod.w President City Bank.