Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1871-02-17
SAFE, pRoHTABLEi PERMANENT
/. COOKE & co.

Mortgage Land Grant Gold Bonds Of the Northern
Pacific Railroad Company. They are free from Unit
nations; Coupons 500 $500 and 81 900 Registered
slg0. $500 $1,000, 5000 $4,000.
With the same entire confidence with which we
commended Government bonds to Capitalists and
People. we now after the fullest Investigation. rec
our friends and the general public i@u 00hus 10
GOLD PAYMENT.-Both principal and interest
are payable IN American gold con at the office of
the end Of 30 years and the interest t the rate of
seven and three tenths per cent. per annum) half
PERFECT SAFETY The bonds we are now SELL
ing. are secured by first and only mortgage on all
the property and rights OF the orthern Pacific Rail-
road Company, which viii embrace on the compile
ton of the work:
/. over Two Thousand Miles of Road. with roll.
ing stock, buildings and all other equipments.
2. Over Twenty-Five Thousand Acres of Land to
every mile Of finished road. This land agricultural
tmbered and mineral amounting in all to more than
Fifty Million Acres, consists of alternate sections
reaching twenty to forty miles on each side of the
Wisconsin through the richest Portions Of MppeSo
Ia, Dakota, Montana, Idaho, Oregon and Washing
While the Government does not directly guaran-
tee the bonds OF the road it thus amply provides for
grant of land the most valuable ever conferred mn
on ra, fre aa nat lon nau Engagement.
gage, are Messrs. Jay Cooke of Philadelphia and j.
Edgar Thomson, President of the Pennsylvania Cen
tra Railroad Company. They will directly and per
gage bond holders and required to see that the
proceeds Of tad sates used in purchasing and ca-
before maturity at not more than 40 per cent pre-
MUM otherwise the Trustees to invest the pro-
eeeds OF land sales in United States Bonds or Real
Estate Mortgages for the further security of Nor tn
ern Pacific bondholders Also that they have at all
of average land to every $1,000 of outstanding rst
mortgage bonds besides the railroad itself and all its
equipments and franchises.
PRoFITABLENESS.-O course nothing can be
safer than the bonds of he United States but the
Governments no longer a borrower and as the Ma
tons present work Is not that of preserving its
istence, but that of developing continent we re-
mind those who desire to increase their income and
obtain more permanent investment while still hay
ing perfectly reliable security that:
United States 5-20's at their average premium yield
terest. Should they be re deemed in FIVE years and
specie payments be resumed, they would really pay
only 49s 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
solutely for thirty year Stree from United States tq
100 currency invested now in United States 5 COS
cy invested now in northern Pacific sos viii yield
per year in gold $500 Here isa difference in an
nual income of nearly one-third, besides differ
ence of to 10 cent. in principal when both elias
ses Of ! bonds nd are T RED,
IN July last on the eastern portion Of the line, and
six millions Of the companys bonds. to build,
nesota to the Red River Of the North-2s3 miles
The grading on this division is now well advanced
the iron Is being rapidly laid several thousand en-
are at work on the line. and about the first 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 for the commencement of
the work on the western and in early Spring, and
thereafter the work will be pushed, both eastward
and westward, with much speed as may be consis-
tent with solldity and wise economy.
RECEIVABLE FOR LANDS.-These bonds will
be at all times before maturity. receivable mt 10
II payment for the Companys lands, at their lowest
BONDS EXCHANGEABLE.--The registered bond
can be exchanged at any time for coupons the cou-
pons Tor registered and both these can be exchang-
ed for Others payable principal and interest at any
OF the principal financial centres of Europe in the
coin Of theyarlous European untries
HOW TO GET THEM.-Your nearest Bank or
Banker will supply these bonds in any desired
amount. and of any needed denomination. Persons
wishing to exchange stocks other bonds for these
can do so with any of agents. who will allow the
highest current price for all marketable securities
Those living in localities note from banks may
send money. or other bonds directly us by express
and we will send back Northern Pacific bonds at our
own risk and without cost to the investor For fur
ther information, pamphlets. maps, etc call on or
address the undersigned, or any Of the Banks or
Bankers employed to sell this loan.
JAY COOKE & CO..
Financial Agents.
Subscriptions received ~ Morgan. Keene and
Marvin. ~ Wall Street, N, Y. General Agents
= National Bank of Bellows Falls j. II. WILLIAMS
Cashier. National Black River Bank Proctorsyille
Geo. s. HILL Cashier, Local Agents,