Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-09-23
Banking House of JAY COOKE & Co.
philqdelnhia. Sentemher 1871

poilus lOi Idiliodu aecuIlties'
Banking House of JAY COOKE & Co.
Philadelphia September 1871
The signal success of the New Five Per Cent Govern
men Loan fOreshadows the early funding of the entire
Public Debt at per cent less rate and indicates
tha the average rate OF interest on Oanabe capital in
this country will not henceorward be much above 8 per
cent? the tendency being to an equalization OF rates be-
In view of these facts the present holders of United
states fye-Iwenties must decide whether Is not best
TO make at once such change OF investment will
pie them to realize as profit or add TO their capital the
ues WINE at the same time largely increasing their an
under the recent of the Secretary of the
Treasury will be paid off in December next have special
version unless they wish receive coin Tor their Five
Twenes or exchange them at par bonds of the new
Issue, bearing an average rate OF Az cent.
To all holders of United States securities who wish to
take ADVANTAGE Of the present most favorable opporuni
strongly recommend Northern Pacific Seven -Thirties
rincipa and interest payable IN god) now selling at
par in currency. The results already accomplished in
the construction and equipment of nearly Three Hundred
Miles of road and the rapid development of the adjacent
country have established the peranency and success of
the Northern Pacific enterprise, and created large and
rapidly increasing demand for the First Mortgage Bonis
of the Company With their high rate interest am
pie security. and their convertbiy into the Lands of
the Company at 10 per cent PREMIUM they constitute
most desirable investment and hardly fail to advance
Te hoe Of sSo5 @ ss BOND who
ii noU for Northern Paccs thereby increases his princi
for $1,000 in Five fwcntes He ais, pernanehtly in
creases the yearly interest income his investment
90 pei Sciits, VI NOUUU III BOlu 10 In
gold
Funds invested in FiveTwentes at their present pre-
MUM, yield 81 per cent Interest in gold 10 in cur
rency; Northern Pacific Sevenrhrties yield $40 per
cent in gold or 81 in currency.
These most unusual opportunities for the profitable
conversion of Government Bonds into Corporate Secur
ties OF undOubted reliability In the ure the
long continue The Increasing abundance Of oana
BILE capital both at home and abroad the almost certain
rise in value of all desirable railroad mortgages the early
funding OF the residue of the National Debt at lower
rates the rapid absorption of the Northern Pacific Seven
Turtles and the probable carly substitution OF six per
cent bond for the remainder of the Northern Pacific loan
promise very soon to change the entire aspect of the loan
market, which is just now peculiarly favorable to
investors -
This state of things suggests prompt action on the part
OF those who wish TO exchange securities time to profit
by the present high premium on Five .Twenties.
JAY COOKE a. CO.,
Philadelphia, New York and Washington.
For sale In Worcester by
RICE 4 WHITING,
FIRST NATL BANK,
QUIssIGAMoND NATL BANK.
CENTRAL NATL BANK,
IN WORCESTER SAFE DEPOSIT Co.
hlS deOu3t