The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-03-21
FINANCIAL.
NEW 7-3O GOLDLOAN
O1 rs
Observation-Disclosures
eearsd BY FInt Mortgage on Railroad
and Land Grant.
SAFE psOFIrAgLEl PERMANENTLY
JAY COOKE & co.

Offer for sale at par and accrued Interest tho Frst
Mortgage Land Grant Gold Bondi Of the North.
ern Pacific Railroad Company. They arc free
from United States Tax, and arc issued Of tho
following denominations: Coupons 500, $500,
and $1,000; Registered 800, $500, $1,000. $500
and $1,000.
With the same entire confidence with which We
commended Government bonds to Capitalists and
People, We now, after the fullest Investigation,
recommend these Northern Pacac Railroad
bonds 10 our friends aud tho general public.
GOLD PAYHENT.-Bothp principal and Inter.
est are ayable In American gold coli, at ihO
ONCE Of Jay Cooke & Co., New York Cty-thO
principal at the end OF 30 years, and the interest
(at the rate OF EeVen and thrGe.tenths PER cent.
per annum) halfyCarly, lrst Of January and July.
PERFECT SiFETY.-The bonds We are now
selling are secured bya arSt and only morigige
on 9ll the property and rights Of the Northern
Pacific RfiIroad Company, which will embrace
on the completion OF tho work:
/. Over Two .Tholsand Miles Of Road, with
rolling stock, buildings, and all other equip
.. Over twenty-five Thousand Acres OF Land
to every mile Of finished road. This land, agtI.
cultural, tim6sred and mineral, amOuntInE 10 al
TO more than Fifty Million Acres, consists IT al.
tCrnAte sections, reaching twenty to forty miles
on each side OF the track, and extending In o
5foad fertile belt from Mlsconsin through the
richest portions OF Minnesota, Dakota, Montan4,
Idaho. Oregon and Washington, to Puget Sound.
While the Government does not directly guar.
antee the bonds Of tho Road, II thus amply pro.
Vidcs Tor their full and prompt payment BY an
unreserVed grant Of land, the most YaluAbld ever
conferred upon great national improvement.
THE M0RTG4 4GE.-The Trustees under the
Mortgage, urG Mes'rs. ]. Cooke OF Philadelphia,
sylvania Central Railroad COmpany, They viii
directly and permanently reprotent the interests
oil tho First Mortgage bond holders, and arc 70.
quIred to see that tho pFocNds Of land t1itS aro
used 10 pure ehastH9 and cGacetIiAQ ~ 6oHdS QfNS
Company u they can be bought before maturity
a. not more than 10 per Cent, premium; other.
Wise the Trustees are 70 invest the proceeds Of
land sales in United States Bonds or Kenl
EttAte Mortgages for tho further security Ot
Northern PAc dc bondholdtrg. Also, that they
have at all times In thcF control, AS security, Gt
least 500 Gctee OF average land to Gvry LOO OF
outstanding first mortgage bonds, bo tdes tho
railroad itself and all lts equipments and iran.
chlseR.
PR0FITABLvNElR.-of course nothing can
be safer than the bUnds Of tho United StItGf, but
as the Government 10 no longer borrower, and
90 the atoms present work Is not that OF pre-
serving IT. existence, but that Of DEyELoPlNo
CONTINENT, We remind those who desire 10 In.
crease thelt Income and obtain mUro permanent
Investment while still having q perfectly rslia'
bic security, that:
yield the present purchaser lees tGAI 6X per
cent gold interest. Should they bO redeemed In
I've years, and specie pAyments 10 resumed, they
would really pay only * per cent, or II lnIhfVo
years, only " per cent, as the present premium
would meanwhile be sunk
Northern Pacific 7S0s selling al par IN cutren.
cy yield tho investor S,lU per cent gold lnursst
absolutely for thirty years, ne Iro,H United
States tar. 81 .l0O currency Invested nOwiH uni.
ted states BIOS will yield per year In gold, cay
$6Su0 ,lg0 currency inVrtted now u NORTH
ern Pacific lOa will Yield ptF year In gold $50 80.
Here ls difference u annual iaeOmG OF neatly
oHO-EatFd, besldes difference ol to 10 per cent.
In principal, when both classes OF bonds arc lG-
deemed.
TAE ROAD NOW BUILDING.- Work was bO.
gun In July last Uh the eastern pUrtl0n Of tho ne
and the money provided, by the sale to stock:
holders OF some Six millions OF tho CUmpAny'A
bonds, 70 build and equip tho road frOln Lake
Superior across Minnesota TO the he'd River Of tho
NOrth-28S miles, The grading oa this division
10 now well advanced, the iron Is being rap dly
laid; several thousand men arc at WORK on tho
line, and about the nrst Of August next thIs i'm
p0rtant section OF the road will bO III full opera.
tlon. In the meantime orders have been sent 10
tho Pacific coast for the commencement Of the
work on the western end In oaFly SpFnH, and
lneTehIttt tue WuFk VIII De pusueu, uoLl cast
ward and westward, with as much speed ~ may
bO consistent with AOlldlty aud wise economy.
RECEIT BILE FOR RLANDS.-These bonds will
DO at all times, before maturity, receivable, at
LILO, In payment for tho COmpany'S lands, Ut their
lowest cash price.
BONDS EXCHANGElBLE.-Tho registered
bonds can b. exchanged At any time for coupons,
the coupons lor registered, and both these tan
b. exchanged for othera, payable principal aud
Interest, o. any OF the principal an6ucl4 ceutres
Of Europe, In the coin OF tho various European
counties,
HOW TO GET THEN.-YOur nearest Bank or
Banker will supply these 6pndS In any deSlred
amount and OF any needed denomination. Per.
sons wishing to exchange stOCks or other honda
for these, can do 90 with any Of our Hgenta, who
will allow the highest current price Tor all mar.
ketable securities
Those living In localities remote from banks,
may send mUney, or other bonds. directly 10 rs
by express, and We will send hack Northern Pa.
eide bonds At our own risk, and without cost 10
the investor. For further information, pAmph.
lets, mAp8 ete call on or address tho nn6HrSlyn.
ed. or any OF the Banks or Bankers employed 70
sell this loan.
After careful investigation I have accepted tho
General Agency for W6.t Virginia and tho u9lA-
cent counties Of Penn ylvAnlS aud ohio for tho
sale Of these bonds. and confidently recommend
them TO my customers and investors generally.
R. cRANcLE,
Iani6eod.W PreSldGht City Bank.
DUnT0 npAVnNIoI