The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-01-31
FINANCIAL.
NEW 7-3O GOLDLOAN
OF THE
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail
road and Land Grant.
Safe! Profitable! Permanent
Jay COOKE & co.
Jay COOKE e. co.

Offer for sale at par and accrued interest the
Eisst Mortgage Land Grant Gold Bonds OF
the Northern Pacific Railroad company;
They are free from United states lax, anu
are Issued of the following DENOMINATIONS /;
Coupons 500. $500 and $1,000; Registered
SIO6. $500, $1,000, $4,000 and $4,000.
With the same entire confidence win
which we commended Government bonds
to Capitalists and People, we now, after the
fullest investigation, recommends tne s,s
| Northern Pacific Railroad bonds 10 our
| friends and the general public;
GOLD PAYMENT.-Both principal
| and Interest are payable in American gold
coin, at she office OF Jay Cooke & Co., New
York City-the principal at the ena OF 81
wears, and the interest (at the rate OF seven
and three-tenths per cent. per annum) half
yearly, first of January and July.
PERPECT SAFETY.-The bonds we
are now selling, are secured by first and
only mortgage on All ths pp0PertS anu
pany, which will embrace on the compile
| ton Of the work:
/. over Two Thousand Miles of Road, with
rolling stock, buildings and all other equip
ments.
2. over Twenty-Five Thousand Acres OF
| Land to every mile Of finished road. This
| land agricultural, timbered and mineral,
amounting in all To- more than Fifty Million
| Acres, consists Of alternate sections reach
| ing twenty To forty miles on each side oi
| h.
| belt from Wisconsin through the richest
| portions of Minnesota, Dakota, Montana,
| Idaho, Oregon and Washington TO Puget
Sound.
While the Government does not directly
guarontee the bonds of the road, II thus
! amply provides for their full and prompt
payment by an unreserved grant of land,
| The most valuable ever conferred upon n
great national improvement.
THE MORTGAGE.-The Trustees under
the Mortgage, are MeSsrs: Jay COOKE, Oh
! Philadelphia, and ]. Edgar Thompson, Pre-
! ident of the Pennsylvania Central Railroad
Company. They will directly and perma-
| nently represent the interests OF the First
| Mortgage bond holders, ami are required 10
| see that the proceeds Of idnd sales are used in
purchasing and cunceiing the bonds OF the COM
| pdny If they can be bought before maturity
at not more than ~ per cent. premium
otherwise the Trustees are TO invest the pro-
| ceeds OF land sales in United States Bonds
or Real Estate Mortgages for the further Sc
! curity of Northern Pacific bondholders.
| Also, that they have at all times in their
| control, as security, at least 800 acres OF
average land TO every $1,000 Of outstanding
! first mortgage bonds, besides the railroad
| itself and all its equipments and franchises.
PROFITA BIZ ENES OF course moth
| ing can be safer than the bonds Of the Uni
| ted States, but as the Government Is no
| longer n borrower. and az the Nations
present work Is not that OF preserving Its
existence, but that of DEVELOPING A CoNTI-
NENT, we remind those who desire to In
crease their income and obtain more per
manent investment, while still having "A
perfectly reliable security, that:
| United States 5-20s ut their average pre-
MUM yield the present purchaser less than
| so per cent. gold interest. Should they be
| redeemed I'm five years, and specie payments
be resumed, they would really pay only
~ per cent, or If i'm three years, only 31
per cent, as the present premium would
| meanwhile he sunk.
| Northern Pacific 1905 selling at par In
| currency yield the investor BIO per cent.
gold interest absolutely for thirty years, free
| from United States tar. $1,000 currency in
vested now in United States 5-2O's will yield
! per wear I'm gold say So W. $1,000 currency
invested now in Northern Pacific 7-3O's will
| yield per year in gold, 5000. Here Is diff
| ference in annual income OF nearly One-thtTd,
| besides q difference of To 10 per cent. in
principal, when both classes Of bonds are
THE ROAD NOW BUILDING
Work was begun in July last on the eastern
portion OF the line, and the money provid-
| ed, by the sale to stockholders Of some six
| million OF the company'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 the di-
vision is now well advanced, the iron 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
orders 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
bnd westward, with as much speed as may
ae consistent with solidity and wise
| economy.
RECEIVABLE FOR LANDS.-Those
| bonds will be at all times, before maturity,
receivable, at Ito, in payment for the COM
pany's lands, ut their lowest cash price.
BONDS ABLE.-The reg
| istcred bonds can be exchanged at any time
| for coupons, the coupons for registered, and
| both these can be exchanged for Others, pay
able, 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 desired amount, and Of any needed de-
nomination. Persons wishing to exchange
stocks or other bonds for these can do so
with any of our agents, who will allow the
highest current price for all marketable Sc
curitics.
Those living in localities remote from
banks, may send money or other bonds, di-
rectly TO US by express, and we will send
back Northern Pacific bonds at our own
risk, and without cost to the investor. For
further information, pamphlets, maps, ETC.,
call on or address the undersigned, or any
Of the Banks or Bankers employed to sell
this loan.
After thorough Investigation, have ac-
cepted the general agency for West Virginia
| and the adjacent counties of PENNSYLVANIA
and Ohio for the sale Of these bonds and
confidently recommend them to my Gus
TONERS and investors generally.
r. CRANGLE,
jamie President City Bank.
NssSDl-xf.- - D.sona