The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1871-03-09
NUMBER al

A. Finally, after tailroad = butt.
every dollar expended iusnaking improves
mont aud extensions. adding new facilities
for doing business aud IN securing yuluh.
blesallianccs With connecting lines, adds
to tho security of is first mortgage bonds,
by augulcnting tho prOdectiveness and
value ofthe property on which those bonds
/ are Bassd. It's in this wSy that secOnd
mortgage may increase tho safety ofthc
first. Will mortgages which rcst upon
improved real estate in our midst the sc-
curity steadily dctoriorutes with time. %
the improvements become less valuable
/ Raiiyoads gr6e better aud more prosperous
Nth age, and furnishd constantly isereas.
ing security ior tho tlet created IN aAfT
construction. Itis for thcso reasons that
first mortgage bonds are among the very
soundcst securities that can be had.
II. The Northern Pacific Railroad has
has thrrctOld soliditty, which renders il
financially imprugpablc. | II has for ita
broad aud firm foundation a real estate en-,
dpwmont Of ulore than Twcuty-two Faous.
and Acres Of fertile Land to each mile Of
track--or an unencumberod farm Of 500
acres (inadiitionto the ordinary aud ample
security Of tho rold and its tratic) tosa-
y
cure each $1,000 bond bought by the
public. 9 1t has awaiting IL business
which we believe is certain to rcndcr It
solf.sustaining from tho first, and to give
tia large surplus ut an early day 1t
is in the hands Of men Of known and ack-
Iknowledged integrity whose financial stand-
ling, whose business sagauity aud thorough
experience. furnish complete guaranty
that economy, energy, and fidelity will
characterize It's management.
Ill. Government docs not 10 form guar
anty tho payment Of Northern Pacific sew
cu.ihirtiss but it indirectly insurss thsir
pdymept BY donatlns unrcscryedly tothe
company sufficient productive lands to pay
!, them twice over Tho belt Of country in
which this sapeFS domain q sltaated ad.
|lnirpblycopBiasi llie three elemeuls esseps
/ tiaI 10 osacc6ssfai fariaing viz: y natvrll.
IiSfich seil mid climate (,llo Iasitede
bsiOg abOus twOsdsgIoes delow pssls, apd
sis below London slpd . sufficient tain-
,Ehlly
WbentbSte is DO difference plpoint
tof sisety, the comparative market value Of
yariuus securities i mhiuly Determined. BY
their ptostaGldsess 10 this view North
Iern Pacific gold seysn:tbirtics. selling at
par III CURRENCY arc by lar the cheapest
/ iuSeSlmentof which We hAssia knowledge.
ERcgarded as source of income. tbcy ore /,
cheaper at par than q si4 per cent gold
bond al 50, aud cheaper than asix per
cent. currency bond AZ 74ts In other
words, ono hundred dollars invested in
Northern Pacitics at par will produce Q
larger Income than tho same amount in
yosttd in a six per cent gold security
atS2 J.
" We regard itas highly probable that
a large proportion Of tho present holders
Eof Government bonds will be compelled to +
give them up within q comparatively short
time, and ACCEPT therefor cash Payment:or
a Eve per cent. bond. Every thing now
indicates that the Government will soon.be
able to fund Tue bulk Of it's 6ye;twonties at
q lower ratc Of interest Hence, wehavo
uniformly advised our subscribers % con
vert their Government bonds into some
drst-class security, having equal safety
and greater pcrmapence and productive
ness
VI. OF course, al securities. even those
of the United States, are liable to occa-
sional slight fluctuations in current price
the result ofoutside circumstances. aud
not Of any change in real value But the
same causes which now render Northern
Pacific seven-thiTties an exceptionally
strong and desiratle security will natural.
sustain them in The market so that those;
who wish to convert their bonds into cash
can do so at any time without loss In,
deed, With their superintendent security
their highrate ofintcrest, and the prusis. !,
lion that they will always be receiyed at
ten per cent. premium in payment for tho
Con,pany's lands. 1910 per cent. North.