Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1871-09-29
OFFICE OF JAY COOKE 4 Co.,


The signal success of the New Five Per
Cent. Government Loan foreshadows the
early funding of the entire public debt at
a less rate than per cent, and indicates
that the average rate of interest on lOaDa
BILE cspital in this country will hencelor-
ward be considerably lower than it has
been, the tendency being to an equallza.
ton of the rates between America and
Europe.
In view of these facts, the present hold
ers of United States Five-Twenties must
decide whether it is not better TO make at
once such a change of investment as will
enable them to realize as profit, or add to
their capital, the present average premium
of IA per cent on Five-Twenties, while
at the same time largely increasing their
annual income.
Holders of Five-Twenties of the issues
of 1859, which, under the recent announce
ment of the Secretary of the Treasury,
will be paid off in December next, have
special and immediate reason to consider
the question of conversion, unless they
wish TO receive coin for their Flve-Twen-
ties, or exchange them at par for bonds OF
the new issue, bearing an average rate of
Az per cent
10 all holders of the United States secu-
rites who wish to take advantage OF the
present most favorable opportunity for
changing their investment at large profit
we strongly recommend Northern Pacific
| Seven -Thirties (principal and interest
payable in gold), now selling at par in
| CURRENCY. The results already accom-
| plisbed in the construction and equipment
of nearly Three Hundred Miles OF road,
and the rapid development Of the adjacent
country, have established the permanency
q Il. ,ft, ntNfa
ngd GEeatsd 81 aFge Rpa rapbaflE p
Bonds Ofthe Company. With their high
rate of interest, ample security, and their
cOnveItablity into the Lands of the Com
pany at 10 per cent. premium, they con-
stitute most desirable investment, and
can hardly fail TO advance considerably
above par at an early day
The holder of a $1,000 Five-Twenty
bond who exchanges it n0ao for Northern
Pacifics, thereby increases his principal by
IA per cent, receiving 81 ,140 in Northern
Pacifics for 81 coo in ive-Twenties. He
also permanently increases the yearly in
terest income ON his investment more than
80 per cent, or from $4,000 to $500 in
gold.
Funds invested in Five-Twenties at
their present premium, yield j14 per cent.
| interest in gold or $40 in currency.
Northern Pacific Seven. Thirties yield Z
$40 per cent in gold or 81 in currency.
These most unusual opportunities for
the profitable conversion of Government
Bonds into Corporate Securities of un-
doubted reliability cannot, in the nature OF
the case, long continue. The increasing
abundance of loanable capital both at
home and abroad; the almost certain rise
in value of all desirable railroad mort.
cages; the rapid absorption of Northern
Pacific Thirties, and the probable
early institution of six per cent. bond
for the remainder of the Northern Pacific
loan, and the early funding Of the re-
mainder of the National Debt at lower
rates, promise very soon to change the
entire aspect of the loan market, which
is just now so peculiarly favorable to in
vestOTs.
This state of things suggests prompt 40
ton on the part of those who wish to ex'
change securities in time to profit by the
present high premium of Five Twenties.
JAY COOKE & Co,
Philadelphia, New York and Washington