The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1871-01-26

Bonds of the Northern Pacific Railroad
Company. They are free from United
States Tax, and are issued of the following |
denominations Coupons 500, $780,
$1,000, $1,000 and $4,000. aL.g /
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 aud the general public.
GOLD P-AYMENT.-Both principal aud inter
est are payable in American gold coin, at the ofhce
Of Jay Cooke & Co., New York City-the principal
at the end of 80 years, and the interest lat the
rate of seven and three-tenths per cent. per an
num) half yearly, first of January and July.
PERFECT sAFETY.-The bonds we are now
selling, are secured by a first and only mortgage
ON all the property and rights of the Northern
Pacific Railroad Company, which will embrace on
the completion of the work:
1. Over Two Thousand Miles Of Road, with
rolling stock, buildings, and all other equipments.
p Over Twenty-Five Thousand Acres of Land to
every mile of finished road This land, agricul-
tural, timbered and mineral, amounting in all to
more than Fifty Million Acres, consists OF alter
nate sections, reaching twenty-five or 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 guar
antee the bonds of the Road, it thus amply pro-
vides tor their tull and prompt payment by an
unreseryed grant of land, the most valuable ever
conferred upon a great national improvement.
THE MoRTGAGE.-The Trustees under the
Mortgage, are Messrs. Jay Cooke of Philadelphia
and J. Edgar Thomson, President of the PennsyL
Vania Central Railroad Company They will di.
rectly and permanently represent the interest of
the First Mortgage bondhoIders, and are required
to see that the proceeds Of land sales are used in
purchasing and eaHeeliiRg the bonds Of the Company
if they can be bought before maturity at not
moro than 10 per cent. premium; otherwise the
Trustees are to invest the proceeds of land sales
in United States Bonds or Real Estate Mortgages
for the further security of Northern Pacific bond.
holders. Also, that they have at all times in their
control as security, at least 500 acres of average
land to every Si,OuO of outstanding first mortgage
bends, besides the railroad itself and its equip
ments and franchises.
PROFITABLENESS-Of course nothing can
be safer than the bonds OF the United States, but
as the Government is nolongera borrower, and as
the Nations present works. not that of preserving
its existence, but that of DEVELOPING A CONTINENT
we remind those who desire to increase their in
come and obtain a more permanent investment
while still having perfectly reliable security, that
United States 5-2Os at their average premium
yield the present purchaser less than 81 per cent
gold interest. Should they be redeemed in 1--WE
years and specie payments be resumed. they
wonld really pay only as per cent, or if in three
years, only 80 per cent, as the present premium
would meanwhile be sunk.
Northern Pacific 1905 selling at par in currency
yield the investor 7 3 10 per cent. gold Interest
absolutely for thirty years, free from United State,
tar. SI,loO currency invested now in United States
6-2O's will yield per year in gold. say $1,000. SI,IOC
currency invested now in Northern Pacific 7-3Os
4 will Weld mar var ~ 1old Eoa On AZ
erence in GRnaaI income of nearly one-hlird, besides
a difference Of to 10 per cent. in principal, When
both classes OF bonds are redeemed
THE ROAD NOW BUILDING.-Work was be-
gun in July last on the eastern portion of THE line
and the money provided, by the sale Of stock
holders o. some six millions of the Company's
bonds, to build and equip the road from Lake su.
perior across Minnesota to the Red River Of the
North-2a3 miles. The grading on this division
is now well advanced. the iron is being rapidly
laid; several thousand men are at work on the
line, and about the first of August next this i'm.
portant section Of the road will be in full opera
ton. In the meantime orders have been sent 30
the Pac ifc coast for the commencement OF the
work on the western end in early Spring, and
thereafter the work viii be pushed, both east
ward and westward, with as much speed as may
be consistent with solidity and a wise economy.
I RECEIVABLE FOR LANDs-These bonds
win be, at all times, before maturity, receivable,
at LILO in payment for the COmpany's lands. at
their lowest cash price.
BONDS EXCHANGEABLE-The registered
! bonds can be exchanged at any time for coupons
! the coupons for registered, and both these can be
exchanged for others, payable, principal and in
terest, at any Of the principal financial centres Of
|, Europe, in the coin Of the various European
, countries
HOW TO GET THEM.-Your nearest Bank OF
Banker will supply these bonds in any desired
. amount, and of any needed denomination Per
sons wishing to exchange stocks or other bond.
for these, can do SO with any Of our agents, who
viii allow the highest current price for all mark
! etable securities.
: Those living in localities remote from bank.
may send money, or other bonds, ~ctly to Us
by express, and We will send bae- them Pa
eihc bonds at our own risk, and wil.-Sut cost tC
the investor. For further information, pam
phlets, maps, &C call on or address the under
signed. or any of the Banks or Bankers employed
to sell the loan.
J Y. PAINTER. BANKER.