Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1871-12-01
Investing Money.

In these days, when almost every third
man has few hundred or few thou
sand dollars to deposit in n savings bank,
or invest in some m6re profitable way, 1t
is important to know what securities are
Oh the market and what ones are safe
and desirable On this point an Eastern
financial journal of the highest standing
uses the following language
The steady rise in the price of Gov
ernment Bonds, and the certainty of their
early redemption by the Treasury, is de-
veloping marked tendency on the part
of holders to capitalize their premium
and transfer the proceeds to OTHER invest
ments; and as Usual, the best security
now upon the market is offered by Jay
Cooke d Co. We believe it may be said
of this firm that il never commended an
investment which was not strictly first
cldss, certainly hone which the people
have ever regretted taking; but none of the
investments which it has ever placed
upon the market has combined in higher
degree the elements of safety and profit
than the First Mortgage Bonds of the
Northern Pacific Railroad Company.
These Bonds are first lien upon great
trans-continental railroad, which runs on
the shortest line between the Pacific
Atlantic, which, in few years after COM
pletion, willdo business limited only by
its own capacity, and which opens up
for the first time a vast portion of our
national domain scarcely less fertile and
productive than that which lies
between the Mississippi River and
the Alleghanies. They are q first
lien, too, upon the largest Land Grant
ever contidod by Congress to u pri-
vate corporation-a Grant embracing
an aggregate of more than fifty millions
of acres, or nearly $4,000 acres for every
4 one of the 1000 miles where the Road
/ traverses from Lake Superior to the
/ Pacific. The best judges, in Congress
and out, have declared that these lands
are sufficient to build the Road, pay every
cent of its Indebtedness, and still leave a
surplus of millions in its treasury and
the proceeds of all sales of them must be
turned over to the trustees until every
Bond is redeemed
The Bonds themselves, besides being
safe combine every element of conven
fence and other attractiveness that skill
full financier could suggest. They have
thirty years to run, and during that peri
cd bear interest in gold at the rate of Z &c
per cent per annum, or more than pei
cent. currency; they are both coupon anC
registered, which are mutually exchange
able for each other; they are printed il
the currency of every country upoI
whose markets they are placed, and arr
thus equivalent to money almost any
where in Europe or America; and they
are exchangeable at any time for the com
pany's lands at premium of ten pc
! cent.
J Such briefly are the facts with regarC
! to this "73 30 Gold Loan" and the peopl
! may rest satisfied that in taking it the.
are not only insuriDg liberal return
upon capital for at least thirty years 4
come, but are promoting the success o
an enterprise which will exercise a mos
profound influence upon the growth an,
prosperity of the whole country.
} The Northern Pacific Railroad Com
pany have now ready, and, on the first O
! January, will offer for sale about tw
, million acres of their best lands in Ger
tral and Western Minnesota region t
: which settlers are flocking with grea
rapidity. The proceeds of land sales wi
be devoted to purchasing the 7.50bonds G
, the company,