Holmes County Republican. [volume] (Millersburg, Holmes Co., O. [Ohio]) 1870-1895, 1871-02-16
SAFE! PROFITABLE! Permanent
JAY COOKE & CO.


SAFE! PRoFITABLEl PERMANENT
JAY COOKE & co.
Offer for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonds OF
the Northern Pacific Railroad Company,
They are free from United States Tax, and
are issued of the following denominations
Coupons 500, $500, and $1,000; Registered
500, $500, s., 900, s., 900, and $4,000.
With the same entire confidence with which
We commended Government bonds to Capital
lists and people, we now, after the fullest in
vestigation, recommend these Northern Pacific
Railroad bonds to our friends and the general
public.
GOLD PAYMENT.-Both principal and in
terest are payable in American gold coin, at
the office Of Jay Cooke & Co.. New York City
the principal at the end of 20 years, and the in
terest lat the rate of seven and three-tenths
per cent. per annum,) half yearly, first Of Jan J.
uary and July.
PERFECT TSAFETY.-The bonds we are now
selling, are secured by a first and only mort
gage on all the property and rights Oft 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, and all other equip
ments.
9. Over twenty-five thousand acres of Land
to every mile of finished road. This land, ag-
ricultural, timbered and mineral, amounting 10
more than Fifty Million Acres, consists of al =
ternate sections, reaching twenty to forty miles
on each side of the track, and extending in Il
broad fertile belt from Wisconsin through the
richest portions of Minnesota, Dakota, MOnta-
ma, Idaho, Oregon and Washington, to Puget
Sound.
While the Government does not directly
guarantee the Bonds of the Road, ii amply pro-
vides for their full and prompt payment by an
unreserved grant of land. the most valuable
ever conferred upon great national improve
ment.
THE MORTGAGE.-Th Trustees under the
Mortgage, are Messrs. Jay Cooke of Philadel-
phia, and j. Edgar Thomson, President of the
Pennsylvania Central Railroad Company. They
will directly and permanently represent the
interests of the First Mortgage bond holders,
and are required to see that the proceeds of kad
sales are used in purchasing and caaeeliag tie
bonds of TIED Compahy if they can be bought be-
fore maturity at not more than 10 per cent pre-
MUM; otherwise the Trustees are to invest the
proceeds of land sales in United States Bonds
or Real Estate Mortgages for the further seCu-
rity Of Northern Pacific bondholders. Also.
that they have at all times in their control, as
security, at least 5OO acres of average land to
every $1,000 of outstanding first mortgage
bonds, besides the railroad itself and ali its
equipments and franchises.
ABLENESS.-Ofcourse nothing can
be safer than the bonds of the United States,
but as the Government is no longer borrower
and as the Nations present work is not that of
preserving its existence, but that ofdevelopins
continent, We remind those who desire to in
crease their income and obtain a more perma-
nent investment, while still having n nerfectiv
reliable security, that:
United States 5-20's at their average premium
yield the present purchaser less than 1~2 per
cent. gold interest. Should they be redeemed
in five years, and specie payments be resumed,
they would really pay only 3-S per cent, or ii
in three years, only 1-2 per cent, as the pres
ent premium would meanwhile be sunk
Northern Pacific 1905 selling at par in cur-
rency yield the investor 3 10 per cent gold
interest absolutely for thirty years, free from
Cnited States tar. 81 100 currency invested now
in United states 5-eO's will yield per year in
gold, say $62,00. s1,1O0 currency invested now
In Northern Pacific 1905 will yield per wear
in gold ss0, 30 Here is a difference in annual
income OF nearly one-tbird besides a differ
ence of to 10 per cent, in principal, when
both classes OF bonds are redeemed.
THE ROAD NOW BUILDING.-work was
begun in July last on the eastern portion of the
line, and the money provided, by the sale to
stockholders ofsome six millions of the Comma
ny's bonds, to build and equip the road from
Lake Superior across Minnesota to the Red
River Of the North-2S3 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 about the first of Au-
gust next, this important section of the road
will be in full operation. In the meantime or
ders have been sent to the Pacific coast for the
commencement of the work on the western end
in early spring, and thereafter the work will
be pushed, both eastward and westward, with
Nd mutH spttu Us may Dc consistent with SCtlu
ity and a wise economy.
RECEIVABLE FOR LANDS,-These bonds
will be at all times, before maturity, receiya
Bile at LILO in payment for the Company's lands,
at their lowest cash price,
BONDS EXCHANGABLE.-The registered
bonds can be exchanged at any time Tor cou-
pons, the coupons for registered, and both these
can be exchanged for others, payable, both
principal and interest, at any of the principal
financial centres of Europe, in the coin of the
various European countries.
HOW TO GET THEM.-Your nearest Bank
or Banker will supply these bonds in any de-
sired amount, and ofany needed denomination
Persons wishing to eNchangs stocks or other
bonds for these, can do so with anv of our agents
who will allow the highest current price for all
marketable securities.
Those living in localities remote from banks,
may send money, or other bonds directly to us
by express, and We will send back Northern Pa
ciic bonds at our own risk. and without cost to
the investor. For further information, pamph-
lets, maps, &C., call on or address the under
signed, or any of the Banks or Bankers EN-
ployed to sell this loan.
j. V. PAINTER, BANKER,
CLEVELAND,
General Agent for NortAeIn OIio.
For Sale in Millersburg, by
j. d. G.. ADA NJ S, BANKERS.
LONG G, ROWN & Co.. BANKERS