The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-02-14
FINAN cIAL.
NEW 7-3O GOLDLOAN
OF THE
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail
road and Land Grant.
Safe d! Profitable! Permanent !!
JAY COOKE e. co.

JAY COOKE a. co.
os;,r for sole .t mar and accrued interest the
First Mortgage Land Grant Gold Bonds OF
fine Northern Pacific Railroad Company;
They are free from United states Tax, ana
are issued OF the following denomlnatlons
Coupons 500, $500 and s Sa0 200 s9S Soo
With the same entire confidence WIN
which we commended Government BONDS
to Capitalists and People, we now, AFTER tne
fullest investigation, recommend theSe
Northern Pacific Railroad DohoS I'd our
friends and the general public:
GOLD PAYMENT.-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 oil ~
wears, and the interest Cat the rate OF seven
and three-tenths per cent. per annum) hali-
yearly, first of January and July.
PERFECT SAFETY.-The bonds we
are now selling, are secured by first ana
only mortgage on All tie Pr0PertS I'M anu
pany, which will embrace on the compile
| ton of the work: 80.
/ over Two Thousand Miles of Road, with
olling stock, buildings, and all other equip
mentS. -.
Land 10 every mile of finished road. This
| land, agricultural, timbered and mineral,
amounting in all TO more than Fifty Mlllloh
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 Wisconsin through the richest
| portions of Minnesota, Dakota, Montana,
| Idaho, Oregon and Washington To Puget
| Sound.
While the Government does not directly
guarantee the bonds of the road, II thus
! amply provides for their full and prompt
payment bv an lnlreSeryed grant OF land,
| The most valuable ever conferred upon
great national Improvement.
A atsa., ,Yngla
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, ann are required TO
see that the proceeds Of kdnd sales are used in
purchasing and cGnceliIlg the bonds Of the COM
many if they can be bought before maturity
mt 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 bondhOldefS.
Also, that they have at all times in their
control, as security, ut least 800 acres of
average land to every $1,000 of outstanding
first mortgage bonds, besides the railroad
itself and all its equipments and franchises.
ESS.-Of course moth
ing can be safer than the bonds of the Uni
tel States. but rs the Government Is no
longer borrower. and as the Nations
present work Is not that OF preserving its
existence, but that Of DEVELOPING A CONT
NENT, we remind those who desire 10 In
crease their income and obtain more per
manent investment, while still having
perfectly reliable security, TINT:
United States 5-2OS at their average pre-
MUM yield the present purchaser less TINA
80 per cent. gold interest. Should they he
redeemed in five years, and specie payments
be resumed, they would really pay only
~ per cent, or IL in three years, only 80
per cent, rs the present premium would
meanwhile he sunk.
Northern Pacific 7-30'S selling at 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 5-2Os will yield
per year in gold, say $500. $1,000 currency
invested now i'm Northern Pacific 1905 will
yield per year i'm gold, 5000. Here Is n diff
ference IN annual income of nearly ONe-fhird
besides difference of To 10 per cent. I'm
principal, when both classes of bonds are
redeemed.
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 equip the road from Lake Superior
across Minnesota TO the Red River Of the
Worthless miles. The grading on the di-
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 I'm early Spring, and thereafter
the work will be pushed, both eastward
bnd westward, with as much speed rs may
ne consistent with SOlidity and n wise
economy.
RECEIVABLE FOR LANDS.-Those
bonds will be at all times before maturity,
receivable, at Ito, I'm payment for the com
pany's lands, at their lowest cash price
BONDS EXCHANGEABLE.- reg
istered bonds can he exchanged at any time
for coupons, the coupons for registered, and
both these can he 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 THEN.-YOur nearest
Bank or Banker will supply these bonds In
any desired amount, and of any needed de-
nomination. Persons wishing 10 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
curiticS.
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.
NJ API F | + AVE-