The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-01-18
FINANCIAL.
NEW 7-3O GOLDLOAN
OF THE
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail
road and Land Grant
Safe ProftableI Permanent
Jay COOKE 81 co.

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 and $1,000; Registered
500. $500, $1,000, $4,000 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 and the general public;
GOLD PAlMENT.-Both principal
and interest are payable in American gold
coin, at she office OF Jay Cooke & Co., New
York City-the principal at the end OF 50
wears, and the interest tat the rate OF seven
and three-tenths per cent. per annuml hall-
yearly, first Of January and July;
are now selling are secured by first and
only mortgage on all the property and
rights of the Northern Pacific railroad Com
pany, which will embrace on the compile
lion Of the work:
over Two Thousand Miles of Road, with
rolling stock, buildings, and all other equip
ments.
,. over Twenty-Five Thousand Acres OF
Land TO every mile of finished road. This
land, agricultural, timbered and mineral,
amounting in all to more than Fifty Million
| Acres, consists of alternate sections, reach
ing twenty to forty miles on each side OF
the track, and extending in a broad fertile
| belt from " lSCOUSlu lLIullSu lut llNh'ot
portions of Minnesota, Dakota, Montana,
| Idaho, Oregon and Washington to Puget
While the Government does not directly
guarontee the bonds of the road, II thus
amply provides for their full and prompt
payment bv an unreServed grant OF land,
| the most valuable ever conferred upon
great national Improvement.
| THE MORfGAGE.-TheTr Trustees under
the Mortgage, are Messrs: Jay Cooke, OF
| Philadelphia, and ]. 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, anfi are required 10
see that the proceeds q land safes are used III
| purchasing and cdnceling the bonds " the COM
| pdyiy If they can he bought before maturity
| at not more than 10 per cent. premium;
| otherwise the Trustees are to invest the pro-
ceeds OF land sales in United states Bonds
| or Real Estate Mortgages for the further Sc
| curity of Northern Pacific bondholders.
| Also that they have ut all times in their
| control, as security, at least 80 acres oil
| average land TO every $1,000 of outstanding
first mortgage bonds, besides the railroad
| itself and all its equipments and franchises.
PROFITABLENES S.-Of course moth
| ing can he safer than the bonds OF the Uni
| ted States but as the Government Is no
| longer a borrower, and as the Nations
present work Is not that of preserving its
| existence, but that Of DEVELOPING CONT
NEST, We remind those who desire To IN
| crease their income and obtain n more per
manent Investment, while still having
perfectly reliable security, that:
| United States sos at their 1verage pre-
MUM yield the present purchaser less than
| 81 per cent gold interest. Should they DE
! redeemed in five years, and specie payments
| be resumed, they would really pay only
| "a per cent, or if in three years, only 3l2
! per cent, rs the present premium Wouiu
| meanwhile be sunk.
| Northern Pacific 1905 selling mt par in
| currency yield the investor $40 per cent.
gold interest absolutely for thirty years, free
| from United States tar. $1,000 currency in
| vested now in United States 5-9DS will yield
per year in gold, say S62 10. $1,000 currency
invested now in Northern Pacific 1908 will
! yield per year in gold, $3.50. Here Is a diff
| ference in annual Income of nearly one-thiTd,
| besides difference of to 10 per cent in
principal, when both classes OF bonds are
| redeemed.
THE ROAD NOW BUILDING
| Work was begun in July last on the eastern
| portion of the line, and the money provid-
| ed, by the sale TO stockholders OF some six
million OF the companys bonds, To build
and equip the road from Lake superior
| across Minnesota to the Red River of the
| North-gS3 miles. The grading on the d.
| vision is now well advanced, the iron being
rapidly laid; several thousand men 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 end in early Spring, and thereafter
| the work will be pushed, both eastward
and westward, with a. much speed as may
be consistent with soiidity ana a wise
| economy.
RENEWABLE FOR LANDS.-Those
| bonds will be at all times, before maturity,
| receivable, at LILO, in payment for the COM
panys lands at their lowest cash price.
BONDS EXCHANGEABLE.-The reg
| istered bonds can be exchanged at any time
for coupons, the coupons for registered, and
both these can be exchanged for Others, pay
| able, principal and interest, 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 de-
nomination. Persons wishing To exchange
with any Of our agents, who will allow the
highest current price for all marketablePse-
| curities
Those living in localities remote from
| banks, may send money or other bonds, d.
rectly to us by express, and we Will send
back Northern Pacific bonds at our own
| risk, and without cost to the investor For
further information, pamphlets, maps, etc,
call on or address the undersigned, or any
OF the Banks or Bankers employed to sell
! this loan.
After thorough investigation, ] have ac-
| cepted the general agency for West Virginia
| and the adjacent counties Of Pennsylvania
and Ohio for the sale Of these bonds, and
confidently recommend them TO my Gus
toners and investors generally.
II. CRANGLE-
janis President City Bank.