The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1871-02-02
FINANCIAL.
NEW 80 GOLD LOAN
OF THE
NORTHERN PACIFIC RAILROAD co.
Secured by First Mortgage on Railroad
and Land Grant.
SAFE. PROFITABLEI PERMANENT
JAY COOKE q co.

JAN COOAE ~ 10.
Offer for sale at par and accrued interest
the First Mortgage Land Grant Gold
Bonds of the Northern Pacific Railroad
Company. They are free from United
States Tax, and are issued of the following
denominations /; Coupons 500, $500,
$1,000, $1,000 and $4,000.
With the same entire confidence with which we
commended Government bonds to Capitalists and
People, We now, after the fullest investigation,
recommend these Northern Pacific Railroad
bonds TO our friends aud the general public.
GOLD PAIMENT-Both principal and inter
est are payable in American gold coin, at the office
of Jay Cooke a Co., New York City-the principal
at the end of 80 years, and the interest lat the
rate of seven and three-tenths per cent. per an
NUM- half yearly. first of January and July.
PERFECT SAFETY.-The bonds we are now
selling, are secured by a hrst and only mortgage
on all the property and rights of the Northern
Pacific Railroad Company, which will embrace on
the completion of the work:
l. Over Two Thousand Miles of Road, with
rolling stock, buildings, and all other equipments.
every mile of finished road. This land, agricuI-
tural, tmbered and mineral, amounting in all to
nate sections, reaching twenty-five or forty miles
on each side of the track, and extending in a
broad fertile belt from Wisconsin, throuSh the
richest portions Of Minnesota, Dakota, Montana,
Idaho, Oregon and Washington, to Puget Sound.
While the Government does not directly guar
antee the bonds of the Road, it thus amply pro-
vides tor their tull and prompt payment by an
unreserved grant of land, the most valuable ever
conferred upon a great national Improvement.
THE MOUNTAINEERING Trustees under the
Mortgage, are Messrs. Jay Cooke of Philadelphia
vania Central Railroad Company. They will di-
rectly and permanently represent the interest of
the First Mortgage bondholders, and are required
to see that the proceeds Of land sales are used in
purchasing and cdnceLiing the bonds Of the CORtpdnU
If 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
ior the further security OF Northern racine bond
holders. 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 its equip
ments and franchises.
be safer than the bonds OF the United States, but
as the Government is noloAgera borrower, and as
the Nations present work Is not that Of preserving
its existence, but that of DEVELOPING A CONTINENT,
we remind those who desire to increase their in
come and obtain a more permanent investment,
while still having perfectly reliable security, that:
United States 520s at their average premium
gold interest. Should they be redeemed in five
years and specie payments be resumed, they
would messn@fIie be sunk. nc present
Northern Pacific 1905 selling at par in currency
yield the investor 7 8 10 per cent. gold interest
absolutely for thirty years, free from United States
tar. SLIGO currency invested now in United States
currency invested now in Northern Pacific 7-3O's
will yield per year in gold, Ss0,3O. Here is a diff
erence ia annual income of nearly O~Hc-Ghird, besides 1
a difference of 7 to 10 per cent. in principal, when
both classes Of bonds are redeemed.
Inc IOAO NOM bO1LD4NG--M OTk was 90
gun in July last on the eastern portion ofIhe line
and the money provided, by the sale of stock
holders of SEINE six millions of the Company's
perior across Minnesota to the Red River of the
North-233 miles. The grading on this division
is now well advanced, the iron is being rapidly
laid; several thousand men are at work on the
line, and about the first of August next this i'm
pOrtant section OF the road will be in full opera
ton. In the meantime orders have been sent to
the Pacific coast for the commencement of the
work on the western end in early Spring, and
thereafter the work will be pushed, both east
ward and westward, with as much speed as may
be consistent with solidity and a wise economy.
RECEIVABLE FOR LANDS-These bonds
will be, at all times, before maturity, receivable, |
at LILO in payment for the Company's lands, at
their lowest cash price
bonds can be exchanged at any time for coupoas, |
the coupons for registered, and both these can be
exchanged for others, payable, principal and in
terest, AT any of the principal financial centres of
Europe, in the coin of the various European
countries /
HOW TO GET THEM-Your nearest Bank or
Banker will supply these bonds in any desired
amount, and Of any needed denomination. Per-
sons wishing to exchange stocks or other bonds
for these, can do so with any of our agents, who
will allow the highest current price for all mark
etable securities.
Those living in localities remote from banks
may send money, or other bonds, directly to us
express, and we will send back Northern Pa
cifc bonds at our own risk, and without cost to
the investor. For further information, PAM
phlets, maps, &c, call on or address the under
signed, or any Of the Banks or Bankers employed
- aaIf tha Ian