The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1871-04-14
FINANCIAL.
NBW 7-3O GOLD loan.
OF TIE
.NOTthGInPacif Railroad Co.
EGuel By Fist Matgge Oh RaLGad Land Grant.
arr rnnEIrARIE PERMANENT,
SAFE, pRoFlrABLg. PERMANENT,
JAY COOKF& 90.

- u Il W - - u = ~ - -
Offer for sale at par and accrued interest the
First Mortgage Land Grant Gold bonds Of tbs
Northern Pacific Railroad Company. They
are free from United States Tax, and ar'
issued of the following denominations; Cou
pops slGO, $500, and $1,000; Registered 300
$500, $1,000, $1,000. and $4,000
With the same entire confidence with which VI
commended Government Bonds to Capitalists ans
People, we now. after the fullest investigation
recommend these Northern Pacific Railroad bond
to our friends and the general public.
GOLD PAYMENT.-Both prineipa
aud interest are payable in American gold coin, a
the Office Of Jay Cooke & Co., New York City-th'
principal at the end of 50 yeaas, and the Interest
lat the rate OF seven and three-tenths per cent
per snnum) half-yearly, first Of January and July
PERFECT SAFETY.-The bonds We
are now selling, are secured by first and only
mortgage on all the property and rights Of ths
Northern Pacific Railroad Company, which wal
embrace on the ompletion Of the work;
l. Over Two Thousand Miles OF Road, with roll
ing stock, buildings, and all other equipments.
?. Over Twenty-Five thousand Acres of Land tc
every mile of finished road. This land, agricul'
tural. tinbered and mineral, amounting in al to
more than Fifty Million Acres, consists Of alteTn-
ate sections, reaching twenty to fcrty 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 guar
aptee the bonds of the Road, it thus amply pro
vides for their full and prompt payment by al
unreserved grant of land, the most valuable eYel
conferred upon great national improvement.
THE MORTGAGE.-The Trustees un
der the mortgage, are Messrs. jay Cooke of Phila
delphis, end j. Edgar Thompson, President Of th'
PenpsyIvanis Central Railroad Company. They
will directly and permanently represent the inter
ests of the First Mortgage bond holder0, and ar'
required to see that the PROCEEDS OF LAND BALES
are used in PuRcHAsINo AND cANcELIEe THE BoSpi
OF THE COMPANY if they can be bought before ma
turiiy at not more thsn 10 per cent premium
otherwise the Trustees are to invest the proceeds
of land sales in United States Bonds or Real Es.
tate Mortgages for the fur her security of the
Northern Pacia; bondholders. Also, that they
have at all times in their control as security, at
least 500 acres Of average land to every $1,000 Of
outstanding first mortgage bonds, besides the rail-
rad itself and all its equipments and franchises
ProfftabIeness.-Ofc course nothing can
b. safer than the bonds of the United States, but
As the Government is no longer borrower, and as
the Nations present work is not that of preserving
its existence, but that of DEVELOPING CONTINENT
We remind those who desire 70 increase their in
come and obtain more permanent investment,
while still having perfectly reliable security,
that:
United States 5-20's at their average premium
yield the present purchaser less than ~ per ent.
gold interest. Should they be redeemed in FIVE
years, and specie payment be resumed, they would
really pay only ~ per cent? or if in three years
only 3k per cent, as the present premium would
meanwhile be sunk.
Northern Pacific 1905 selling at par in curren-y
yield the investor $40 per cent gold interest ab
solutely for thirty years, free from United
States tdS $1,000 currency invested now in
United states 5-2Os will yield per year in gold, say
s62 90. 81 900 curren' y invested now in Northern
Pa ife 7-sO's will yield per year in gold, tsO.SO
Here is difference In annual income of nearly
besides difference OF to 10 per cent.
in principal, when both classes of bonds are re-
deemed.
The Road Now BuIldIng.-W ork was
begun in July last on the eastern portion Of the
line, and the money provided by the sale of stock
holders of some six millions of the Company's
bonds, to build and equip the road from Lake Sup
eYior across Minnesota to the Red River Of the
North-2Ss 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 the important se,-
ton Of the road will be in full operation. In the
orders have been sent to the Pacific
coast for the eommen eEnent Of the work on the
western end in early spring, and thereafter the
work will be pushed. both eastward and westward,
with as much speed as may be consistent with So
lidity and a wise economy.
Receivable for Lands-Ihese bonds viii
be all times, before maturity, receivable, at Ito
n payment for the COmpany's lands, at their low
est cash price.
Bonds ExchangeabIe.-The registered
bonds can beexchanged at any time for coupons,
The coupons for registered and both these can be
for Others payable principal and inter
st. at any of the principal financial centres of
Europe, in the coin of the various countries.