The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-04-04
FINANCIAL.

Secured by First Mortgage on Rail-
road and Land Grant.
Safe Profitable! Permanent !
JAY COOKE a. co.
Offer for sale nj 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 800, $500 and $1,000; Registered
500. $500, $1,000, $4,000 and $4,000.
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 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 end Of 30
years, and the interest TAT the rate OF seven
and three-tenths per cent. per annum) half
yearly, first OF January and July.
PERFECT SAFEFY.-The bonds we
are now selling, are secured by a first and
only mortgage on all the property and
rights of the Northern Pacific railroad Com
pany, which will embrace on the compile
ton of the work:
]. over Two Thousand Miles OF Road, with
olling 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 Of
the track, and extending in broad fertile
belt from Wisconsin through the richest
portions OF Minnesota, Dakota, Montana,
Idaho, Oregon and Washington To Puget
Sound.
4
guarOntec. the bonds OF the road, IL thus
amply provides for their full and prompt
payment bv an unrcserved grant of land,
the most valuable ever conferred upon "a
great national improvement.
THEMORTGAGE.-The Trustees under
the Mortgage, are McSsrs. Jay Cooke, of
Philadelphia, and J. Edgar Thompson, Pre-
ident of the Pennsylvania Central Railroad
Company. They will directly and pcrmn-
nently represent the interests Of the First
Mortgage bond holders, ami are required 10
see that the proceeds Of InRd Snics arr used in
purchasing and cdnceiiHD the bDndS Of TIE com
pIny If they can be bought before maturity
nj not more than 10 per cent. premium;
otherwise the Trustees are To invest the pro-
cecdS Of land sales in United States Bonds
or Real Estate Mortgages for the further Sc
curity OF Northern Pacific bOndhOlderS
Also that they have nj all times In their
CONTROL. us security, nj least 30 acres of
average land to every 5000 OF outstanding
itself and all its equipments and franchises.
PROFITABLENES S.-Of course moth
ing can be safer than the bonds Of the Uni
ted States, but ~ the Government Is no
longer a borrower, and a. the Nations
present work is not that OF preserving its
existence, but that of DEVELOPING A COSTI-
NEST, we remind those who desire Ia in
crease their income and obtain "A more per-
manent investment, while still having a
perfectly reliable security, that:
mn
MUM yield the present purchaser less TINA
81 per cent. gold interest. Should they be
redeemed In fye years, and specie payments
be resumed, they would really pay only
~ per cent, or II In three years, only 81
per cent, AZ the present premium would
meanwhile he sunk.
Northern Pacific 1905 selling nj par In
currency yield the investor : 80 per cent.
gold interest absolutely for thirty years, free
IrOm United States tIJ. 5000 currency in
vested now I'm United States 5-2Ds will yield
per year In gold, say $500 $1,000 currency
Invested now In Northern Pacific 7-.Ds will
yield per year In gold, srO.9D. Here Is q diff
ference IN annual noJme OF nearly OUH-third,
besides a difference OF ! 10 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 10 stockholders OF some six
million OF the company's bonds, To build
and equip the road from Lake Superior
across Minnesota 10 the Red River Of the
North-2B miles. The grading on the di-
vision Is now well advanced, khe 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 ~ much speed az may
ne consistent with solidity and wise
economy.
RECEIVABLE FOR LANDS.-Those
bonds will be at all times, before maturity,
receivable, at LILO, in payment for the COM
pany's lands, at their lowest cash price.
BONDS EXCHANGEABLE.- reg
istered bonds can be exchanged at any time
for coupons, the coupons for registered, and
both these can he 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 THRM.-Your nearest
Bank or Banker will supply these bonds In
any desired amount, and Of any needed de-
nomination. Persons wishing 10 exchange
stocks or other bonds for these, can do 80
with any Of our agents, who will allow the
highest current price for all marketable So
curitieS.
Those living In localities remote from
banks, may send money or other bonds, d.
rectly to US by express, and we will send
back Northern Pacific bonds at 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 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.
X. CRANGLE,
janis President City Bank.
ViPpfnfo Tnhonoo