Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1871-04-08
FINANCIAL.
FINANCIAL.
NEW 7-3O GOLD LOAN
OF THE
.NORTHERN PACIFIC
Railroad Company.
Secured by First Mortgage o" ha'l
road and Land Grant.
Safe ! Profitable ! Permanent
IAY COOKE & co.

First Mortgage Land Gran, Gold Bonds Of
The Northern Pacific Railroad Company.
They are free from United States Tax, and
are issued OF the fJllo%Dg denominations:
Connous slUO, $500, and 5 900; Registered
sIO1 $500, 81 900, SIS 900 and $1,000
with tie same enlIre conhdcn'e with when
we commended Government bonds 10 Capital
is,, snd People, We now, alter lie fullest m
xfs,ieatIon. recommend these Northern PACING
Railroad bonds 10 gu. friends ind the general
public.
GOLD PAYMENT.-Both principal and
interest are payable in American gold coin. at
the Office OF Jay Cooke s. Co., New YORK. Ciiy
the principal al the end OF 80 years, and The
interest lat the rate of seven and thTee-enthS
per cent per annum) haii-yeary, first OF jan
uary and Jolly.
PERFECT SAFETY-The bonds we a.e
row selling, are secured by first and only
mortgage on all the property and rights OF The
Northern Pacidc Railroad Company, which
will embrace on the completion 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 eve'y mile of finished road. Ih:s
! land, agricultural. ilmJefed and mineral a.
! mounting IN all to more than Fry Million
| Acres, consists Of alternate sections, reaching
| twenty TO forty miles on "a n side OF The track
and extending in broad fertile bel. from Wis
consin through the ri hest p 3rIions OF Mime
sofa: Dakota, Montana, Idaho, Oregon al
| Washington, to Puget Sound.
| While tie Government does not directly
guarantee the bond. of the Road, it thus amply
! provides for their full ond prompt payment ny
! an uGre>ervCd giant OF land, the most valuable
ever conferred upon great national improve
| meH;.
THE MORrG \GE.-The Trustees under
tho Mortgage are Messrs. Jay Cooke Of Phi
adepb;a aud J. Edgar Thomson. President Of
The Pennsylvania Central Railroad Company.
| They will dir. lly and permanently TePresJ ut
the interests of The First Mortgage bond hold
! ers auo are required 10 see that the proceeds
| uf land sales are used IN purchasing and can
! ceiling the bonds of the Company IT they can
| be bought beiUrs maturity at not more than U
! per cent premium: otherwise the Trustees are
to invest the proceeds of land sales IN United
States Bonds r. Real Estate Mortgages for the
| further security of Northern Pacific bondhorc.
ef. Also, that they have al all ;lnes IN their
control, as security, al least 800 acres OF aver
ace land TO every ; $50 of outstanding first
mortgage bonds, he id's the railroad Itself and
all Is equipments AMI franchises.
PkOFlrA JLEN ESS.-Of course nothing
can be safer lhun ,hc bonds OF the United States
bot as the Government Is no longer borrower
and a. the Nations present wo Is not that OF
preserving Us existence, but that OF Developing
a Continent we remind those who desire 10
increase ,hrir income and obtain a more Permo-
nent investment, while still having a perfectly
reliable security, ihal
United States 5.20's at their average premi-
UNI yield the present purchaser less than !
per cent gold interest Should they be redeem
ol in five years, aud specie payments he resun-
eJ, they would really pay only 3.S per cent,
or it ia three wears. only l.2 per ccGt, as The
presen, premium would meanwhile be sunk.
Northern IaciGc 1905 selling a! par n cur
reucl ,icld he investor ! $40 per cent. gold
lnurc,t absolutely for thirty years, free from
United Sia-es tax. sl.'U0 currency invested
row IN United States 5.2Os will yield per year
in geld, say 5000. SLIGO currency invested
now in Northern Pacific 1905 viii yield por
year in gold, 5000 Here is a difference in
annual income OF nearly one.lhird, besides
difference of 10 10 per ce t, in principal,
when both classes of bonds are redeemed.
THE ROAD Now GUlLDlNG.--Wo OK
was begun IN July last OH the eastern portion
OF the line, and the money provided, by The si's
To stockholders of some six millions ol the
Company'S b ,nds, TO Lulid aud equip the road
from l., Ike Superior across NInnesotn 10 :he
Red River fihe Nor,h--233 miles. The Gra
ding on this division is now wei! advanced,
the iron is being rapidly laid; several thousand
men are al work on the lire, and about the FIST
of August next this important section Of the
road will be in full operation. In the mean
time orders have been sent TO the Pacific coast
for The commencement OF The work on the we:-
tern end in early Spring, and thereafter the
work will be puzzled, 10th eastward aud west
ward, with as much speed as may be consisten,
with soIIdlly and WISE economy.
RECEIVABLE FOR LANDS.-.These
bonds will be at oil times, before maturity. re-
celvabic, at l.l0, in payne for The CompanJ's
lands. at their lowest cash prce.
BONDS EXCHANGEABLE-The regis
tered bonds can lie exchanged at any time Tor
coupons, the coupons Tor registered, and both
these can be exchanged Tor others, payable,
principal and interest, OF any OF The prlncIPl!
financial centres OF Europe, IN the coin OF the
various European countries.
HOW To GET THEM.-Your nearest
Bank or Banker will ssppIg these bnLds in any
desired amount, and OF any needed denomlun-
uon. Persons wishing 10 exchange stocks or
other binds for these Can do so with any Of our
agents who viii allow The highest current pfce
for all marketable securities.
Those living IN localities remote from banks.
u>ay send money, or other bonds, directly 10 US
by erp!dss, and We viii send back Northern
Pacific bords at our own risk, and without cost
10 The investor. For further information,
pamphlets, maps, etc, call on or address the
undersigned, or any of The Banks CT Bankers
employed to sell this loan.
igy- After thorough investigation have ac-
cepted the General Agency for West Vre mia
Tor the sale of these bonds and conf ienlly re-
commend them as safe and profitable invest
IHeut.
Il. CRANGLE.
Pres dent City Bank, Wheeling, W. Va.
1g- We have accepted the Local Agency
fol the sale of these bonds and concur III The