Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1871-03-04
FINANCIAL.
NEW 7-30 GOLD LOAN
.fORTHERV PACIFIC
Railroad Company.
Secured by First Mortgage on Rail.
road and Land Grant.
Safe /! Profitable ! Permanent
JAY COOKE & co.

Offer for sale al par aud accrued interest the
Fist 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 sIO0, $500. and 81 900; Registered
500. $500. 81 600, IS 0OO and $4,000.
With Ire same entire confidence with which
we commended Government hoods TO Cspitsl-
lists snd People, we now, alei tie fullest in.
vesligatIon, recommend these Northern Pacific
Railroad bonds TO on: friends and the general
public.
GOLD PAYMENT.--Bolh principal and
interest are payable IN American gold coin. at
the Office OF Jay Cooke Il Co. New YORK City
the principal al the end Of 80 years, and the
interest at the rate Of seven and three-te0ths
per cent. per annum) hali-yeary, first OF Jam
uary and July.
PERFECT SAFETY.-The bonds we ave
now selling, are secured by FIRST and only
mortgage on all The property and rights Of the
Northern Pacific Railroad Company, which
will embrace on the completion OF the work:
|. Over Two ThoGsanJ Miles OF Road, with
rolling stock. buildings, and all other equip
ments.
=. Over Twenty-Five Thousand Acres Of
Land to eve.y mile OF finished road. This
land, agricultural. tIm5ered aud mineral, a.
mounting IN all to more than Fifty Million
Acres, consists OF alternate sections, reaching
twenty TO forty miles on ga h side Of The track
and extending in broad fertile belt from Wis
cOnsin through the richest Irtions OF Mime
sofa, Dakota, Montana, Idaho, Oregon s.d
Washington, to Puget Sound
" lille TIE Government does not directly
ouarautea ~ hands of RnaI a. thrs amplv
provides for their full and prompt payment by
an unreserved giant of land, the most valuable
ever conferred upon gres, national improve
ment.
THE MORTG >GE.-The Trustees under
the Mortgage are MesSrs. Jay Cooke Of Phil
deIpha and ]. Edgar Thomson. President Of
the Pennsylvania Central Railroad Company.
They will dire tly and permanently Iepres, nj
the interests Of the First Mortgage bond hold
ers, and are required TO see that the proceeds
Of land sales are used in purchasing and can
ceiling the bonds Of the Company II they can
be bought before maturity at not more than 10
per cent. premium; otherwise the Trustees are
to invest the proceeds of land sales IN United
States Bonds Real Estate Mortgages for the
further security OF Northern Pacific bondhoic-
er.. Also, that they have at all times IN their
control, as security, at least 800 acres Of aver
age land to every - 900 of outstanding first
mortgage bonds. besides the railroad itself and
all Is equipments aud franchises.
PkOFIrA JLENESS-Of course nothing
can be safer than the bonds Of the United States
but as the Government IS no longer borrower
and as the Nations present wo is not that Of
preserving its existence, but that Of Developing
a Continent, we remind those who desire 10
increase their income and obtain a more perma-
nent investment, while sui having perfectly
relia lie security that:
United States 5.20s at their average premi.
um yield the present purchaser less than ! ?
per cent gold interest. Should they be redeem
ed IN five years aud specie Psymenis he resum-
ed, they would really pay only 4 3.s per cent,
or II IN three years. only ~ per ccnt, as the
present premium would meanwhile be sunk.
N)uhern Pacific 1905 selling at par in cur
rency yield the investor 1910 per cent. gold
interest absolutely FOR thirty years, free from
United Sla.es tar. 81. 90 currency invested
row IN United States 5.20s will yield per year
IN gold, say 5000. 100 currency invested
now in Northern Pacific 1905 will yield par
year in gold, 5000 Here is a difference in
annual income OF nearly OGe.thlTd. besides a
difference OF to 10 per CO I, ia principal,
when both classes Of bonds are redeemed.
THE ROAD NOW BUlLDlNG.--W ork
was begun in July last on the eastern portion
Of the line, and the money provided, b. The sale
10 stockholders OF some six millions OF the
COmpany's bonds, to tuild and equip the road
from he Superior across Minnesota 10 the
Red River e. the Voorhees, miles The era-
ding on this division is now wei! advanced,
the iron is being rapidly laid; several thousand
men are at work on the pe and about the first
of August next this important section Of the
road will be IN full operation. In the mean
time orders have been sent 10 the Pacific coast
for the commencement OF The work on the wes-
tern end in early Spring, and thereafter the
work will be pushed, both eastward aud west.
ward, with at much speed as may he consistent
with solidIty and a wise economy.
RECEIVABLE FOR LANDS.-.These
bonds will be at all times, before maturity, re-
ceIvsbie, at TO- in payment for the Company
lands. at their lowest cash price.
BONDS EXCHANGEABLE.-T regis.
tered bonds can he exchanged al any lime Tor
coupons, the coupons for registered, and both
these can be exchanged for others, payable
principal and interest, at any Of The principal
financial centres OF Europe. ia the coin Of the
various European countries.
HOW TO GET THEM.-Your nearest
Bank or Banker will sspPly these bULds ia any
desired amount, and OF any needed denOmiDs'
ton. Persons wIsbiDg 10 exchange stocks OF
other b nds for these cbn do 30 with any Of out
agents, who will allow tho highest current Price
for all marketable securities.
Those living IN localities remote from banks
may send money, or other bonds, directly to o.
by eIprdss, and will send back Northern
Pac ic bords at our own rex, and witt out cos
to tue investor. For further Information
pamphlets, maps, etc., call on or address The
undersigned. or any Of the Banks CT Bankers
employed TO sell tbs loan.
t1y- After thorough investigation have ac'
cepted the General Agency foe West Virg Inli
Tor the sale Of these boDds. and confidently re.
: commend them d safe and profitable invest
Inent.
X. CRANGLE,
Pres den, City Bank, Wheeling, w. Va.
~ We have accepted the Local Agency
for the ssle Of these bonds and concur IN th,
above.
JEFFERSON SAVINGS BANK,
shepherds:own, w. Va.