The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-02-01
FINANCIAL.
NEW 7-3O GOLDL0AN
OF THE .-.-...
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail-
road and Land Grant.
Safe! Profitable! 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, $1,000. $4,000 and 100000
With the same entire confidence with
which we commended Government bonds
to Capitalists and People, we now, AFTER the
| fullest Investigation, recommend theSe
Northern Pacific Railroad bonds to 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 mt the end OF ~
years, and the interest ,at the rate OF seven
and three-tenths per cent. per annum) half
yearly, first Of January and July;
PERFECT SAFETH.-The bonds We
are now selling, are secured By f1rSt and
| only mortgage on all the property and
rights of the Northern Pacific raiiroad Conn
| 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.
,. 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 Ia forty miles on each side Of
| belt from Wisconsin through the richest
! portions Of Minnesota, Dakota, Montana,
| Idaho, Oregon and Washington TO Puget
| Sound.
While the Government does not directly
! guarantee the bonds of the road, II thus
| amply provides for their full and prompt
| payment bv an unreSerred grant OF land,
| the most valuable ever conferred upon
great national improvement.
THE MORTGAGE--The Trustees under
tl,n nf
Philadelphia, and J. Edgar Thompson, Pre- :
| ident OF the Pennsylvania Central Railroad
Company. They will directly and petma-
nently represent the interests of the First
Mortgage bond holders ami are required 10
see that the proceeds Of land sales are used in
purchasing and cdnceiing The bonds OF the cont
pony if they can be bought before maturity
mt not more than 10 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 ut all times In their
control, as security, at least 100 acres of
average land TO every $1,000 OF outstanding
first mortgage bonds besides the railroad
itself and all its equipments and franchises.
PROFITABLENESS course moth
ing can be safer than the bonds OF the Uni
ted States, but as the Government IL no
longer borrower, and as the Nations
present work Is not that OF preserving It's
existence, but that of DEVELOPING CoNTI-
NENT, we remind those who desire Ia in
crease their income and obtain more per-
manent investment, while still having
perfectly reliable security, that:
United States SOS at their average pre-
MUM yield the present purchaser less than
81 per cent. gold interest. Should they be
redeemed In five years, and specie payments
be resumed, they would really pay only
~ per cent, or II in three Years, only 3H
per cent, as the present premium would
meanwhile be sunk.
Northern Pacific 7-30's selling at par in
currency yield the investor 80 per cent.
gold interest absolutely for thirty years, free
from United States tar. $1,000 currency in
vested now in United States 5-20s will yield
per year in gold say Sb2 W. $1,000 currency
invested now in Northern Pacific 1905 will
yield per year In gold, 5000. Here Is n diff
ference in annual income OF nearly onc-third,
besides n difference 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 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
NorthIZ8 miles; The grading on the d.
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 rs much speed Us may
ae consistent with solidity and wise
economy.
RECEIVABLE FOR LANDS.-Those
bonds will be at all times, before maturity,
receivable, al Ito, in payment for the COM
pany's lands, nj their lowest cash price.
BONDS BI.E.-Th reg
iStered bonds can be exchanged at any time
for coupons, the coupons for registered, and
10th these can be exchanged for Others, pay
able, principal and interest, at any vi 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 desiresi 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 s,,-
curities.
Those living In localities remote from
banks, may send money or other bonds. d.
rectly TO US by express, and we " i'll send
back Northern Pacific bonds az our own
risk, and without cost 10 the investor. For
further information, pamphlets, maps, etc,
call on or address the undersigned, or any
Of the Banks or Bankers employed TO seil
this loan.
After thorough Investigation, have &c.
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. CkANGLE.
janis President City Bank.