The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1871-02-02
FIN NANCIAL.
new 7-30 GOLD LOAN
OF THE
NORTHERN PACIFIC RAILROAD co.
Secured by First Mortgage ON Railroad
and Land Grant.
Safe! Prcfits Bile! Perm ansnt!

JAY COOKE & CO.
Offer for sale at par and accrued interest
of the Northern Pacinc RaiIroad Compa-
ny. They are free from United States Tax,
atons are GSnnos o. eo sne iSWng 0@a
Registered 800, $500, $1,000, $4,000
With the same entire confidence with which
we commended Government bonds to Capitalists
ton, recommend these Northern Pacific Rail
road bonds to our friends and the general pub
lie.
GOLD PAYMENT-Both principal and in
terest are payable in American gold coin, at the
office of Jay Cooke & Co, New York City-the
principal at the end of 30 years, and the interest
lat the rate of seven and three-tenths per cent
July. -'' 'S'- = i'''i ''-'' - -!
PERFECT SAFETY-The bonds we are now
selling, are secured by 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: =z....sIif-y
1. Over Two Thousand Miles of Road with
rolling stock, buildings, and all other equip
mentS. 1sli5l 511Hl4f
9. Over TWENTY-FIVE Thousand Acres of Land
cultural timbercd and mineral. amounting in
all to more than Fifty Million Acres, consists of
alternate sections, reaching twenty to forty
miles each side of the track, and extending
in broad fertile belt from Wisconsin through
the richest portions of Minnesota, Dakota. Mon
Sdiisly AudhOs OAC5OA anu W dSuAAS tOh ~ uSOe
Sound. sf s1i-
While the Governmentdoes not directly guar
antee the bonds of the Road, ii thus amply pro-
vides for their full and prompt payment by an
plrCseryed grant of land, the most valuable ev-
er conferred upon great national improve
THE MoRTGAGE.-The Trustees under the
Mortgage, are Messrs. Jay Cooke of Philadel-
Pennsylvania Central Railroad Company. They
will directly and permanently represent the in.
terests of the First Mortgage bond holders, and
are required to that the proceeds OF land
sales are used in Z1uTch08is0- and cancclltn1 tho
s Soas 9, zee sYGy n II angy can "a DC @ oCGgnt @ be-
MUM; otherwise the Trustees are to invest the
proceeds of land sales in United States Bonds
rity of Northern Pacific bondholders. Also that
they have at all times in their CONTROL as secu-
81 900 of outstanding first mortgage bonds, be-
sides the railroad itself and all its equipments
PROFTTA TABLENESs-Of cour4e nothing can
be safer than the bonds of the United States, but
as the Government is no longer a borrower, and
serving its existence but that of DEVELOPING
CONTINENT We remind those who desire to in
crease their income and obtain more perma-
ment investment while still having perfectly
reliable security, that: ~ :. s.-.ss5-3,5 s.fsf
yield the present purchaser less than 81 per
cent. gold interest. Should they be redeemed In
five years and specie payments be resumed, they
would really pay only AZ pei cent, or if in
three years, only az per cent as the present
premium would meanwhile be sunk. 800
rency Yield the investor SO Per cent @ gold in
terest absolutely for thirty years, free from INT
tod States toe. 81, 100 currency invested now in
United states 5-20's will yield per year in gold,
Northern Pacific 1905 viii yield per year in
gold, 5000. Here is difference fn annual in
come of nearly third besides difference Of
to 10 per cent. in principal, when both classes
of bonds are redeemed. ~ t.is'
THE ROAD NOW BUILDING.-work was
begun in July last on the eastern portion of the
line, and the money provided, by the sale to
stockholders of some six millions of the Compa-
ny's bonds, to build and equip the road from
Lake Superior across Minnesota to the Red Kiv-
er.of the North-233 miles. The grading en- 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 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 in early Spring,
and thereafter the work will be pushed, both
may be consistent with solidity and wise econs
Omy. u q -HzaGsE $50 sol Nt-N - VEg
RECEIVABLE FOR LANDS.-These bonds
will be at all times before maturity. receivable,
at 1,10, in payment for the CompSny's lands, at
their lowest cash price. ~ 80 fra
bonds can be exchanged at any time for coupons,
the coupons for registered. and both these can
be exchanged for others. payable. principal and
interest. at any Of the principal financial CEN
tres OF Europe, in the coin of the various Euro.
T How 10 GET THEM.-Your nearest Bank
or Banker will supply these bonds in any de-
sired amount, and of any needed denomination.
Persons wishing to 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 securities. s+1 -4a'-
Those living in localities remote from banks
may send money, or other bonds, directly TO us
by express, and we will send back Northern Pa
cific bonds at our own risk, and without cost to
the investor For further information, PAM
phlets, maps. ETC., cali on or address the under
ployed 20 sell this loan. ~
fr