The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1871-03-10
FINANCIAL.
NBW 7-sO GOLD LOAN.
oY FRB
Northern Pacific Railroad Co.
3xnsd b TiBt Notgags % Blnd Land elI.
FINANCIAL.
~, pRoFITAsLe. PEaMAMENI
OOOKE&CO.

q "a Il OOOAh III q W
oGsr for sale al par and accrued interest III
First Mortgage Land Grant Cola Boads cf u,
Northern Pacific Railroad Company. Tksl
s..e freO from United States Tar, AID an
issusd Of the following deAeninasiOnS Cou.
POns 300, $500, and $1,000; Registered slOe
$500, q, 900, 5000, and $4,000.
With the same susirs eonhdsnes With whish y,
commanded Government Bonds 70 Capitalists ans
People, we now. aftsr the fullest investigation
reeoamsnd these Northern Pastas Railroad hondi
to oar fFisnds and the gsnsEal pablie
GOLD PAYMENT-Both principal
saa interest are payable In AEsriesA golG osin Al
ths oHles Of Jay cooks q Co., Esw York CIty-tha
principal at ths cad Of 80 yeaIs, and tae interest
tat ths rate Of seven ana thres.tenths Fer cent.
pr annuml half.ysatlg, 6RIt Of January and July.
PERFECT sAFEFY-Ths bonds we
are now selling, are secured by q Arst and only
nOngase on all the property and rights Of the
Northern Pacific Railroad Compsny. Ehieh WI
embrace on the somDlstion Of the work:
l. Over Two Thousand Niles Of Road, With roll
ing stOeh, buildings, and ali other equipnsats.
,. Over Twenty-Five thousand Acres Of Land "a
every nile Of anished road. This land, arrieui.
turals tirnbsred and mineral, amSuntins in al to
more than Fifty Million Acre., consists Of sltsra-
ate sections, reaching twenty to forty miles on
each side Of the track, and extending in a broad
fertile belt from Wisconsin through tbs richest
portions Of Minnesota, Dakota, Hontsna, Idaho,
Oregon and Washington, TO Puget Sound.
While the Government does not directly quar-
antes the bonds Of the Road, It thus amply pro.
vides for their fun aud prompt payment by An
anreserved grants Of land, the most yaluabIe sgss
conferred upon great national fnproEsmsnt.
THE MORTGAGE.-The Trustses IN
dsrthe mortgage, are Nsssu. jay Ccohs Of Phila.
dslphis, end J. Edgar Thompson, President Of ths
Pennsylvania Central Railroad Company. Thsy
viz directly aud permanently rspEssess the inter-
tsefthe First Mortgage bond holdszs, aad ars
Fsquirsd 70 re thas tAe s1ooEEDs OF LAND s4LE1
are used in PuRoHAarHs AND oARcKLIEs zHH RoFDa
or NE OoHRKER il they caa be bought before ma
turity at not more thsn 10 per oeat. prSnium;
otherwise the Trustees are to invest the proceeds
Of land sales IN United States Bonds OF RsaI Es.
tate Mortgages for the farthsr security Of the
Northern Paeihe bondholders. Also, that thsy
have at all times IN their control, ss SseuritV, 81
least 500 acres Of average land to every q 900 Of
outst.ndinz irst mortgage bonds, besides he Eaii-
road itself and ali its equipms and franchises.
Pro6tableness.-Of course nothing can
be safer than the bonds Of the United States, but
a. the Government Is ne longer . borrower, and as
the Nations present work Il not that Of preserving
Is exissenes, but thst Of DZvIIoB1Es ooET7REsI
We remind those who dcsirs 70 inorsass their IN
come and obtain mere permanent iavestnsnt,
while still having perfectly reliable security,
that:
Unitsd States S-3O's at their average premium
yield the present purchaser less than 5X rsT cent
gold interest. Should they be redeemed In Eve
Year,, and specie payment b resumed, they would
really pay only ~ per cent. IL in three ysarl
oalysX paz cent, ss the present premium Wouia
meanwhile be sunk.
Northern Paeihs 7-s0s selling at par IN eaFrsn-y
Yield the investor s-lO per cent gold interest Ab-
sclutely for thirty years, free 1re6s U'sited
States tGz. 4l,oOO currency invested now IN
United States S96B win Jisld Per year ia geld IaJ
cas- 90. sl.00O currency invested nov in Northern
Pa.isc 7-so's viii yield Per year in gold, oso.se
Here il 8 difference ts annual fI,cO1so Of nsariJ
6sse-tIird, besides difference Of to 10 per cent
IN principal, when both classes Of bonds are 70
desned.
The Read Now BuildIng.-Work war
began in July last on the eastern pertIon Of ths
line, ana the money provided, By the ualo Of stock
holders Of some six millions Of the Company
bonds, to build and squip the read from Laks Sup
erier across Minnesota to the Red River ogth,
NOTth-2sS miles. Ths grading On this division il
new well advanced, the iron is being rapidly laid
several Thousand men are At WORK On the line, an
about tie first Of August Re1t the important ser
ticn of the road wiz he..in fun operation. In III
msau.ime orders have been sen. 70 the Paeif
coast for the eommen-ement Of the work On Ii
western end in early spring, and thereafter ii
work will be pushed. both eastward and westward
with e much spsed us may be consistent with %
lidity and wise economy.
Receivable for LRDds.-Thsss bonds nj
bs a. al times, before maturity receivable, at II
n payment for the Conraay'l lsnds, at their lsv
est cash price,
Bonds Exedaagssble. -Ths resistere
bonds ,sn be exchanged at any tine for coupons
the coupons for registered and both these can /
exchanged for others, payable principal and ints
eat, At any Of the principal financial centres
Esrope, in nthscOin Of the various countries.
., W PAINTER, Banker
CLEVELAND,