The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-01-31
JAY COOKE g. co.

'H h''t" 'ff YUM Huf Ir .4u
onhr for sale Al par aud accrued interest the Fint
Mortgage Land Grant Gold Bonds Of tho North,
ern Pacific Railroad Company, They arc free
from United States Tax, and are Issued of the
following denominations: Coupons 800, $500,
and $1,000; Registered $iOOs $500, SI.OOI 5000
and $1,000. az, ...-.r..
With the same entire confidence with which we
commended Government bonds to Capitalists ana
People, we now, after the falleIt investigation,
recommend thrse Northern PaciAc Railroad
bonds 10 our friends and the general public,
GOLD PAYMENT.-Both principal and Inter.
est are payable In American gold coin, at the
Office o. jay Cooke q Co., New York City-the
principal at the end OF 30 years, and tho interest
lat the rate OF seven md thrOe.tenths per cent,
per annuml hRlIyearly, first OF January and July,
PERFECT SiPETE.-The bonds we are now
selling are secured by q FIRST and only mortgage
on al the property and rights Of the Northern
Paciac Railroad Company, which will embrace
on the completion OF tho work:
J.. Over Two Thousand Miles Of Road, with
rolling stock, buildings, and all other equip
menn. SIR lW 7n'gfG.5Al l.pHr % =
p oyerlTwenty.two Thousand Acres of Land
to every mile OF finished f0ad. This land, agri
cultural, timhercd sud mineral, amounting in oil
to more than Fifty Million Acres, consists OF al.
ternate sections, reaching twenty to forty miles
on each side OF thu track, and extending In
broad fertile belt rom Wisconsin through the
richest portions Of Minnesota, Dakota, MCntaul,
Idaho, Oregon aud Washington, to Puget Sound.
While the Government does not directly guar
antee the boudS OF the Road, II thus amply pro.
vidcs Tor their iull and prompt payment by an
unrescryed grant OF land, tbs most valuable ever
conferred upon great national Improvement.
THE hORTGA Trustees under the
Mortgage, are Mcssrs. ]. Cooke OF Philadelphia,
and J. Edgar Thomson, President OF the Penn:
sylvania Central Railroad Company. They will
directly and permanently represent the Interests
Of the First Mortgage bond holders, and are re.
quired to SEQ that the ptOcttds Of land sales are
used 10 tdslH0 and cdHctiitHl ne bonds QfLhe
Company II they can be bought before maturity
atnot more than 10 per cont. prcmilm; other.
wise the Trustees arc to invest the proceeds Of
land salestin United States Bonds or Real
Estate Mortgages for the further security oil
Northern Pacific bondhoders. Also, that they
have at all tlmes In their control, Us security, at
least 800 acres Of average land TO every $1,000 OF
outstanding nrst mortgage bonds, besides the
railroad itself and all It's equipments aud fran
chlses.
pROFITABLvSESS.- S.-of course nothing can
be eafcr than the bonds Of tho United Stated, but
as tho Government Is no longer borrower, and
As the Nations present work Is not that OF pre-
serving its existence, but that Of DEVELOPING
CONTINENT, We remind those who desire 10 In
crease their income and obtain more permanent
Investment, while still having perfectly relia-
bic security, that; Pa 1..L.e.
United States 5.2O's at their average premium
yield tho present purchaser less than bH per
cont gold Interest. Should they be redeemed In
1--WE years, and specie payments be resumed, they
would really pay only 41i per cent, or II In three
years, only IN per cent, as the present premium
would meanwhile be snnk %
Northern Pacific 1905 selling atpar in eurrcn,
CIV Yield the investor $40 pgr cent gold Interest