Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1871-11-30
Investing Money.

In these days, when almost every third
man has a few hundred or few tnou-
sand dollars to deposit in savings bank,
or invest in some more profitable way, 1t
is important 10 know what securities are
on the market and what ones are safe
and desirable On this point an Eastern
financial journal of the highest standing
uses the following language
The steady rise in the price OF Gov
eminent Bonds, and the certainty OF their
early redemption by the Treasury, is de-
veloping marked tendency on the part
of holders to capitalize their premium
and transfer the proceeds to Other invest
ments; and, as usual, the best security
now upon the market is offered by Jay
Cooke g. Co. We believe it may be said
of this firm that it never commended an
investment which was not strictly first
class, certainly none which the people
have ever regretted taking; but none OF the
investments which it has ever placed
upon the market has combined in higher
degree the elements of safety and profit
than the First Mortgage Bonds of the
Northern Pacific Railroad Company.
These Bonds are first lien upon great
trans-continental railroad, which runs on
the shortest line between the Pacific
coast and the avenues Of commerce to the
Atlantic, which, in few years after COM
pletion, willd do business limited only by
its own capacity and which opens up
for the first time a vast portion of our
national domain scarcely less fertile and
| productive than that which lies
between the Mississippi River and
the Alleghanies. They are first
lien, too, upon the largest Land Grant
ever confided by Congress to a pri-
vate corporation-a Grant embracing
an aggregate of more than fifty millions
Of acres, or nearly $4,000 acres for every
one of the 1900 miles where the Road
traverses from Lake Superior to the
Pacific The best judges, in Congress
and out, have declared that these lands
are sufficient to build the Road, pay every
/ cent of its Indebtedness, and still leave
1 surplus of millions in its treasury and
| the proceeds of all sales of them must be
turned Ove to the trustees until every
Bond is redeemed
The Bonds themselves, besides being
safe, combine every element of cOnven-
fence and other attractiveness that skill
full financicr could suggest They have
| thirty years to rum and during that peri
! Cd bear interest in gold at the rate Of !. 30
! per cent. per annum, or more than . per
cent. currency; they are both coupon and
! registered which are mutually exchange
able for each othel; they are printed in
the currency of every country upon
/ whose markets they are placed, and are
! thus equivalent to money almost any.
where in Europe or America; and they
/ are eXchangeablc at any time for the com
pany's lands at a premium of ten per
| cent.
Such briefly are the facts with regard
! to this '7.30 Gold Loan, and the people
may rest satisfied that in taking it they
are not only insuring liberal return
upon capital for at least thirty years to
come, but are promoting the success of
an enterprise which will exercise most
profound influence upon the growth and
! prosperity Of the whole country.
/ The Northern Pacific Railroad Com
pany have now ready, and, on the first of
January, will offer for sale about two
/ million acres Of their best lands in Cen
tral and Western Minnesota region TO
which settlers are fioclling with great
rapidity. The proceeds of land sales will
be devoted to purchasing the 80 bonds of
the company,