Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1871-01-26
MISCELLANEOUS.
FINANCIAL.
NE W7-3O GOLDLO.AN
OF THE
NORTHERN PACIFIC RAILROAD co.
Secured by First Mortgage on Railroad
and Land Grant.
SAEEi PRQEIT Ri Ei PERM a NENTi
SAFE! PROFITABLE. PERMANENT!
JAY COOKE 81 co.


Offer for sale at par and accrued interest the
First Mortgage Land Grant Col. Bonds of the
Northern Pacific Railroad Company. They
fsee Iron Uned and are issued
500, and 81 wv; Registered slOo $500, 81 900, S5
900 and SIC, 900.
With the same entire confidence with which
we commended Government bonds to Capital
lists and People, we now, after the fullest inyes-
Iigation, recommend these Northern Pacific
Railroad bonds TO our friends and the general
GOLD PAYMENT.-Bothp principal and in
teresI are payable in American gold coin, at
the Office of Jay Cooke & Co., New YORK civ
the principal at the end of 30 years, and the in
terest (at ths rate of seven and three-tenths per
cent: per annum) half-yeariy, first of January
PERFECT sAFETY.-The bonds we are now
selling, are secured by first and only mort
gage on all the property and rights of the North
ern Pacific Railroad Company, which will EN-
brace on the completion OF the work:
l. Over Two Thousand Miles of Road, with
rolling stock, buildings. anu all other equip
3 over Twenty two Thousand Acres of Land
to every mile OF finished road. This land, ag-
ricultural, tim bered and mineral, amountinp Q
in AL to more than Fifty Million Acres, con-
sists of alternate sections, reaching twenty 10
forty miles on each side of the track, and ex-
tending in broad fertile belt from Wisconsin
through the richest portions of Minnesota
Dakota. Montana, Idaho, Oregon and Washing
While the Government does not directly
guarantee the bonds OF the Road, it thus amply
provides for their full and prompt payment by
an unreserved grant of land, the most valuable
ever conferred upon great national improve
THE MORTGAGE-The Trustees under the
Mortgag are Messrs. Jay Cooke of PhiladeI.
phia, and j. Edgar Thomson, President of the
lPennsylvania Central Railroad Company
They will directly and permanently represent
the interests OF the First Mortgage bond hold.
ers, and are required to see that the proceeds o
land sales are used in purchasing and cd,ceuiaC
the bonds Of the Company if they can be bought
before maturity at not more than 10 per cent
premium; otherwise the Trustees are to inyesI
the proceeds of land sales in United States
Bonds or Real Estate Mortgages for the further
security OF Northern Pacific bond lolders.-
Also that they have at all times in their con.
troll as security; 3 at least S9o acres Of average
gage bonds, besides the railroad Itself and ali
| its equipments and franchises.
| ROFITABLENESS.-Of course nothing car
be safer than the bonds of the UniIed States
but as the Government is no longer borro wei
and as the Nations present work is not that Of
preserving its existence, but that of DEVELOP.
ING CONTINENT, We remind those who desire
| to increase their income and obtain more per.
manent investment, while still having a per.
fectly reliable security, that:
| United States $50 at their average premium
yield the present purchaser less than So per
cent. gold interest Should they be redeemed
in five years, AID specie payments be resumed
they would really pay only 47s percent. or if in
three years, only 80 per cent, as the present
premium would meanwhile be sunk.
| Northern Pacific ! -3Os selling at par in cur
rency yield the investor g. 10 per cent gold in.
terest absolutely for thirty years. free from Uni
1ea es az so cur edrrehey sed now IN
say $1,000. 81 100 currency invested now in
Northern Pacific 1875 will yield per year in
come of nearly One-ttird. besides difference OF
Z to 10 per cent. in principal when both classes
of bonds are redeemed.
THE ROAD NOW BUILDING-Workw was
begun in July last on the eastern portion ofthe
line and the money provided, by the sale to
stockholders of some six millions of the Com
Il
Lake Superior across Minnesota to the Red
River of the North-233 miles. The grading on
this division is now well advanced, the iron is
being rapidly laid; several thousand men are
at work on the line, and ahout the first OF
August next this important section of the road
viii Will be Elm In full h operation In the meantime or
mencement of the work on the western end
| in early Spring, and thereafter the work will
be pushed, both eastward and westward with
as much speed as may be consistent with solid
| ity and wise economy.
| RECEIVABLE FOR LANDS.-These bond.
will be at all times, before maturity, receivable
at LILO, in payment for the Company's lands, al
their lowest cash pr1ce.
BONDS EXCHANGEABLE.-Th registered
bonds can be exchanged at any time for coupon,
the coupons for registered, and both these car
be exchanged for Others, payable, principal an(
Interest, at any Of the principal financial cen
tres of Europe, in the coin of the various Eu
IrOpean countries.
| HOWTO GET THEM-Your nearest Bank O.
Banker will supply these bonds in any desired
amount, and OF any needed denomination.-
Persons wishing to exchange stocks or othe
bonds for these, can do SO with any of ou
agents, who will allow the highest curren
price for all marketable kecurities.
! Those living in localities remote from banks
may send money, or other bonds, directly to u
by express, and we will send back Northern
Pacific bonds at our own risk and without cos
to the investor. For further Information
pamphlets, maps, etc.. call on or address tn
undersigned, or any OF the Banks or Banker
lemployed to sell this loan.
After thorough investigation. have accepte
the Gen raj Agency for West Virginia and tn
adjacent Counties of Ohio and Pen1sylvanis
for the sale of these bonds and confidently re
commend them as a safe and profitable invest
ment.
r. CRANGLE,
President of the City Bank of Wheeling.
| fully concur in the above
H. c.. WELDAY, Cashier
| 1st Nat. Bank st. Ciairsyille, Sub-Agent,
I jaI9-4t