The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-01-25
NEW 7-3O GOLDLOAN
OF THE ...
Northern Pacific Railroad TO-
Secured by First Mortgage on Rail
road and Land Grant.
Safe ! Profitable! Permanent !!
Jaw COOKE e. co.

the Northern Pacific Railroad company !
They are free from United States lax, anu
are Issued of the following denominations
Coupons 500. $500 and $1,000; Registered
500. $500, $1,000, $4,000 and 10000;
With the same entire confidence WIN
which we commended Government Donus
10 Capitalists and People, we now, after the
fullest investigation, recommend these
Northern Pacific Railroad bonds 10 our
friends and the general pubic; ,,,,o,
GOLD PANMENT.-Both principal
and interest are payable In American gold
coin, at she office of Jay Cooke x Co, Ns%
York City-the principal nj the END OF 81
wears, and the interest (at the rate OF seven
and three-tenths per cent. per annum) hali-
YEARLY first OF January and July.
PERFECT SAFErf.-The bonds we
are now selling, are secured bya hrst ana
only mortgage on all the property ana
rights of the Northern Pacific railroad COM
pany, which will embrace on the compile
ton OF the work: -,
/. over Two Thousand Miles Of Road, with
rolling stock, buildings, and all other equip
,. over Twenty-Five Thousand Acres OF
Land 10 every mile OF finished road. This
land agricultural, timb1red ana mineral,
amounting in all To more than Flfty MILLION
Acres consists of alternate sections, reach
ing twenty 10 forty miles on each side OF
the track, and extending in n broad fertile
belt from Wisconsin through the richest
portions of Minnesota, Dakota, Montana,
Idaho, Oregon and Washington 10 Puget
Sound.
While the Government does not directly
gunrOntee the bonds OF the road, IL thus
amply provides for their full and prompt
pnyment bv an unreserved grant OF lana,
The most valuable ever conferred upon
great national improvement.
THE MOREGAGE.-TheT Trustees under
the Mortgage, are MeSsrs. Jay Cooke, Oi
philadelphia and J. Edgar Thompson, Pres
ident OF the Pennsylvania Central Railroad
Company. They will directly and perma-
nently represent the interests of the First
Mortgage bond holders, ami are required 10
see that the proceeds OJ land sales are used in
purchasing and cdnceIing the bonds Of The COM
pdny IL they can be bought before maturity
ut not more than 10 per cent. premium
otherwise the Trustees are to invest the pro-
ceeCis of land sales In United States Bonds
or Real Estate Mortgages for the further Sc
curity Of Northern Pacific bondholders
Also, that they have nj all times In their
control, as security, at least 800 acres OF
average land 10 every $1,000 Of outstanding
first mortgage bonds. besides the railroad
itself and all its equipments and franchises.
PROFITABLENESS .-Of course moth
ing can be safer than the bonds Of the Uni
ted States, but ~ the Government IN no
longer a borrower, and Us the Nations
present work Is not that Of preserving It's
existence, but that OF DEVELOPING CoNTI-
NEST. we remind those who desire TO In
crease their income and obtain q more per-
perfectly reliable security, that:
United States sos at their average pre-
MUM yield the present purchaser less than
80 per cent. gold interest. Should they b"
redeemed In nvc years, ana specie payments
be resumed, they would really pay only
81 per cent, or If In three years, only 3E
per cent, rs the present premium would
meanwhile be sunk.
Northern Pacific 1905 selling nj par i'm
currency yield the investor : $40 per cent.
gold interest absolutely for thirty years, free
from United Hdfes tar. $1,000 currency in
vested now In United States 5-2is will yield
PER year i'm gold, say st2 ~. $1,000 currency
invested now In Northern Pacific 1905 will
yield per year i'm gold, s,0.3D. Here Is u diff
ference ia annual income Of nearly Onc-third,
besides u difference OF : 10 ~ per cent. In
principal, when both GLASSES Of bonds are
redeemed.
THE ROAD NOW BUILDING.-|
Work was begun I'm July last on the eastern
portion of the line, and the money provid-
ed, by the sale u stockholders Of some six
million OF the company's bonds, to build
and equip the road from Lake Superior
across Minnesota To the Red River Of the
NOrth-28 miles. The grading on the d.
vision Is now well advanced, the iron being
rapidly laid; several thousand men are nj
work on the line, and about the inst OF Au-
gust next this important section OF the road
will be In full operation. In the meantime
orders have been sent TO the pacific coast
western end i'm early Spring, and thereafter
the work will be pushed, both eastward
bnd westward, with a. much speed as may
nc consistent with solidity and wise
economy.
RECEIVABLE FOR LANDS.-Thosn
bonds Will be at all times before maturity
receivable, nj Ito, In payment for the com
panys lands, at their lowest cash price.
BONDS ENCNANGiEABI.E.- reg
istered bonds can bc exchanged nj any time
for coupons, the coupons for registered and
both these can beexchanged for Others, pay
able, principal and interest, at any Uf the
principal financial centres Of Europe, in the
coin Of the various European countries.
HOW TO GET THEu.-Iour nearest
Bank or Banker will supply these bonds I'm
any desired amount, and Of any needed de-
nomination. Persons wishing 10 exchange
stocks or other bonds for these, can do 80
with any of our agents. who will allow the
highest current price for all marketable 81
curitiaS.
Those living In localities remote from
banks, may send money or other bonds, d.
rectly to us by express, and we will sand
back Northern Pacific bonds at our own
risk, and without cost To- the investor. For
iurther information, pamphlets, MAPS ETC.
call on or address the sInderSigned or any
OF The Banks or Bankers employed 10 seiI
this loan.
After thorough Investigation, have &C.
cepted the general agency for West Virginia
ana the adjacent countieiof PennsyIyania
and ohio for the sale OF these bonds and
confidently recommend them to my Gus
TONERS and investors generally.
X. CRANGLE,
lahio President City Bank