The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-03-07
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FINANCIAL.
NEW 7-3OG0LD
..cIw.1 toooF- THE .,a a'''l0
Northern Pacific Railroad Co,
Secured by First Mortgage on Rail
road and Land Grant.
Safe! Profitable! Permanent
JAY COOKE a. co.

JAY COOKE e. 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 PAHMENT.-Both principal
and interest are payable in American gold
coin, at she office OF Jay Cooke Co.. New
York City-the principal at tbe end OF %
wears, and the interest tat the rate OF seven
and three-tenthS per cent. per anntlm) half
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
ton OF the work:
olling 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
ing twenty to forty miles on each side OF
the track and extending In broad fertile
belt from Wisconsin through the richest
portions OF Minnesota, Dakota, Montana,
Idaho, Oregon and Washington TO Puget
sound
While the Government does not directly
guarontee the bonds Of the road, II thus
amply provides for their full and prompt
payment by an unreserved grant OF land,
| the most valuable ever conferred upon "a
| national imnrOVpmRnf
THE MORTGAGE.-The Trustees under
the Mortgage, are Messrs. Jay Cooke, of
Philadelphia, and ]. Edgar Thompson, Pres-
| ident OF the Pennsylvania Central Railroad
Comppny. They will directly and perma-
nently represent the interests Of the First
Mortgage bond holders, ami are required TO
| see that the proceeds Of iund sales are used in
| purchasing and cdnceiing the bonds Of the COM
| puty if they can be 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 Bouds
| or Real Estate Mortgages for the further se-
| curity of Northern Pacific bondhOlders.
| Also, that they have at all times in their
control, ~ security, at least 500 acres OF
| average land to every $1,000 OF outstanding
! first mortgage bonds, besides the railroad
| itself and all It's equipments and franchises.
PROFITABLENES S.-Of course moth
| ing can be- safer than the bonds of the Uni
tel States. but ~ the Government is no
| longer u borrower. and as the Nation s
! present work Is not that OF preserving Its
| existence, but that of DEVELOPING A CoSrI-
| NEST, we remind those who desire To In
| crease their income and obtain more per-
manent Investment. while still having a
| perfectly reliable security, that:
United States .j-OS nj their average pre-
MUM yield the present purchaser less TINA
| - per cent gold Interest. Should they he
| redeemed In five years, and specie payments
he resumed, they would really pay only
| - per cent, or if in three years, only ~
per cent, aS the present premium would
| meanwhile b1 sunk.
Northern Pacific 7-3Us selling at par In
currency yield the investor 3-iO per cent
gold interest absolutely for thirty years free
| from tnHed States tar. $1,000 currency in
vested now in United States BIDS will yield
| per year in gold. say ST. ~. $1,000 currency
| invested now In Northern Pacific 1-'D's will
yield per year i'm gold, s,0D. Here il diff
| ference IN annual income of nearly One-thiIu,
besides difference OF 10 10 per cent. In
principal, when both classes of bonds are
redeemed.
THE ROAD NOW BUILDING
Work was begun i'm 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 euuip the road from Lake Superior
across Minnesota To the Red River Of the
Worthless miles. The grading on the d.
vision Is now well advanced. the iron being
TlDNllN lHll, NfNtIul llHI tlt 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
bnd westward, with rs much speed as may
ae consistent with Solidity and wise
economy.
RECEIy.BLE FOR LANDS.-Those
bonds will II" nj all times, before maturity,
receivable, at To- In payment for the COM
panyS lands, at their lowest cash price.
BONDS EXCHANGEABI.E.- reg
iStprcd bonds can he exchanged NJ any time
for coupons, the coupons for registered, and
both these can beeXchanged for others, pay
able, principal and interest, nj any OF the
principal financial centres OF Europe, In the
coin OF the various European countries.
HOW TO GET THEH.-lOur nearest
Bank or Banker will supply thcSe bonds In
any desired amount. ana OF any needed de-
nomination. Persons 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 marketable Sc
cuTiticS.
Those living I'm localities remote from
banks, may send money or other bonds, III
reCtly To us 10y express, and We Will send
back Northern Pacific bonds 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 or Bankers employed Ia sell
this loan.
After thorough investigation, ] have ac-
ceptc1 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.
X. CRANGLE,
janl6 President City Bank.
NOTICE.