The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-02-02
FINANCIAL.
NEW OGOLDL0AN
OF THE .. o.
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail
road and Land Grant.
Safe ! Profitable! Permanent
uAX CAnKE ~ IN.
Jay COOKE q co.

Offer for sale at par and accrued interes, the
FIRST Nortgnpe 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 900, $500 and $1,000; Registered
500, $500, $1,000, $4,000 and SfO, 900;
With the same entire confidence with
which we commended Government bonds
TO Capitalists and People, we now, amer the
fullest investigation, recommend THESE
Northern Pacific Railroad bonds to our
friends and the general public;
and interest are payable in American gold
coin, ut she office Of Jay Cooke Co, New
York City-the principal nj the end OF ~
wears, and the interest lat the rate OF seven
and three-tenths per cent. per annum) hali-
yearly, first Of January and July.
PERFECT SAFETY.-The bonds we
are now selling, are secured by first and
only mortgage on all the property ana
rights of the Northern Pacific railroad Com
pany, which win embrace on the compile
ton Of the work:
rolling stock. buildings, and all other equip
,. 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 or
the track, and extending in a broad fertile
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 unreServed grant Of land,
the most valuable ever conferred upon
great national improvement.
THE MORTGAGE.-The Trustees under
the Mortgage, are Messrs. Jay Cooke, OF
Philadelphia, and J. 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, ann are required TO
ser that the proceeds Of land sales are used in
purchasing and cdHceiiug the 6OIiIis 0( the conf
pdny If they can be bought before maturity
at not more than 10 per cent. premium; ;
otherwise the Trustees are 10 invest the pro-
cecds OF land sales in United States Bonds
or Real Estate Mortgages for the further ST.
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 BLENESS.-Of course MOTH
ing can be safer than the bonds Of the Uni
ted States, but rs the Government Is no
longer a borrower, and AZ the Nations
existence, but that OF DEVELOPING A CONT
NENT, we remind those who desire To in
crease their income and obtain u more per
manent investment, while still having Il
perfectly reliable security, that:
United States 5-20's at their average pre-
MUM yield the present purchaser less than
5l% 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 80
per cent, as the present premium would
meanwhile he sunk.
Northern Pacific 1905 selling at par I'm
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 5-20's will yield
per year in gold, say So W. $1,000 currency
Invested now In Northern Pacific 1905 will
yield per year in gold, 5000 Here Is a diff
ference In annual income of nearly One-thiId,
besides difference of to 10 per cent. In
principal, when both classes OF bonds are
redeemed.
THE ROAD NOW BUILDING
Work was begun I'm 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
Worthless 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, anu ABOUT the Ilfht Ol hu-
gust next this important section OF the road
will DE 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 AZ much speed as 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 coin
pany's lands, at their lowest cash price.
no DIS EXCHANGE ABLE.EThe 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 of the
principal financial centres OF Europe, I'm 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
curities.
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 seil
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.
AlHIl0M AlIHTInM