The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1871-03-25
FINANCIAL.
VEW $50 GOLD LO.AN.
OF tbs
Northern Pacific Rail Road Co.
Secured BY First Mortgage ON Rail
Road aud Land Grant.
Safe Profitable !! Permanent !!
JAY COOKE 4 CO.,

.es~s
the First Mortgage Land Grant Gold
Company. They are free from United
States Tax, and are issued Of the fol.
lowing denominations: Coupons 800,
$500 and 81 900, Registered 800, $500,
$1,000. $1,000 and so, 600.
With the same entire confidence with
which we commented Government
bonds to capitalists and people. we now.
after the fullest investigation, recommend
these Northern Pacifi, Railroad bonds to
our friends and the general public.
GOLD PAYksST-Both principal and
interest are payable in American gold
coin. at the Office Of Jay Cook & Co.,
New York City-the principal at the eud
Of 80 years. and the interest lat the rate
of seven and three tenths per cent. per
aunum) hak>yearly, first of January and
July.
PERFECT SArETY.-The bonds We are
now selling are secured ty = 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 thousand miles Of road,
with rolling stock, buildings. and all 9TH
er equipments.
2. Over twenty two 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. reaching twenty to forty miles
| IL Of xha
in broad fertile bslt from Wisconsin
through the richest portions of Minneso-
ia, Dekato. Montana. Idaho, Oregon and
Washington, to Puget Sound.
While the Government does not di>
rectly guarantee tbs bonds Of the road, it
thus amply provides for their full and
prompt payment by an unreserved grant
Of land, the most valuable ever conferred
upon great national improvement.
TIE MoRTGAaE.-TheT Trustees under
the Mortgage, are Messrs. Jay Cooke Of
Philadelphia, and j. Edgar Thomson,
President of the Pennsylvania Central
Railroad Company. They will directly
and permanently represent the interest
ofths First Mortgage bond holders, and
are required to see that the proceeds Of
land sales are used in purchasing and
cancelling the bonds of the Company il
they can be bought before maturity q,
not more than 10 per cent. premium
otherwise the Trustees are to invest the
proceeds Of land sales in United States
Bonds or Real Estate Mortgages for the
further security of Northern Pacific bond
holders. Also, that they have at al
times in their control, as security. u
least 500 acres of average land to every
$1,000 of outstanding first mortgage
bonds, besides the railroad itself and 81
its equipments and franchises.
PRoFITABLENEss.-O course rothine
can be safer than the bonds Of the United
States, but as the Government ia no lon
ger borrower. and IS the Nations pres
ent work is not that Of preserving its ex
= istence, but that Of developing = CONT
nent, we remind those who desire to in
crease their income and obtain . more
permanent investment, while still havius
perfectly reliable security, that:
United States 5.20s ct their average
premium yield the present purchaser les.
than So per cent. gold interest. Should
they be redeemed in FIVE years. and spe
Gle payment be resumed, they would re-
ally pay only four and three>eighth pei
cent, or if in three Yeas only 81 pc
cent, IS the present premium wouls
meanwhile be sunk
Northern Pacific 1905 selling at pa
in currency yield the investor Z $40 pc
cent. gold interest absolutely for thirt,
years, free from United States tax
$1,000 currency invested now now il
United States eos will yield per yea
in gold, say $1,000 $1,cCO curren
ny invested now in Northern Pacifi
7-30's will yield per year in gold $50. 81
Here is difference in annual income o
nearly one third, besides difference {
z to 10 per cent. in principal, when bot
classes Of bonds are redeemed.
The Road Now Worl
was begun in July last IN the eastern
portion Of the line. and the money provi'
ded, by the sale to stockholders Of some
six millions of the Co.npauy's bonds, to
build and equip the road from Lake Su
pc, Tor across Minnesota to the Red Rive
Of the North-233 miles. The gradin
on this division Is now we'll advanced
the iron is being rspidly laid; sever,
thousand men are at work on the lint
and about the FIRST Of August next thi
important section Of the road will be j
full operation. In the meantime order
have been sent to the Pacific coast for tn
commencement of the work on the wes
ern end in early Spring. and thereafte
the work will be pushed. both eastwar
and westward, with as much speed 8
. may be consistent with solidity and
wise economy.
RECEIVABLE FOR LANDs.-These bond
viii. be at all times, before maturity, n
ceivable at LILO, in payment Tor the Con
pany's lands, at their lowest cash pric,
Bonds ExcHANGKABLE.-fhe register,
: bonds can be exchanged at any time for col
pens, the coupons for registered, AMI BOZ
these can be exchanged for others, papabl
principal and interest, at any of the priscip
financial centres Of Europe, in the coin Of Il
various European countries.
! How TO GET THEM.-Your nearest bank
banker will supply these bonds in any desi
ed amount, and of any needed denomnatlo
Persons wishing te exchange stocks or 9th
bonds for these, can do 50 with any o. o,
agents. who will allow the highest cure
price for all marketable securities,
Those living in localities remote from BAN
may seud money, or other bonds, directly
3 MS by express, and We will send back Mort
. ern Pacific bonds At our own risk, and Wit
cut cost to the investor. For further info
nation. pamphlets, maps, &c., call on or .
dress the undersigned, or any of the ban
{ or bankers employed to sell this loan.
= For sale by Citizens Bank, Richmond, In
MORRISON, BLANCHARD 4 CO., Propr
tors.