The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-02-28
FINANCIAL.
NEW 7-3O GOLD
or THE
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail-
road and Land Grant
Safe! Profitable! Permanent !!
Jay COOKE e. co.

Orar for sale at par and accrued interest the
G;rSt Mortgnpe Land Grant Gold Bonds Of
the Northern Pacific Railroad company:
| They are free from United states lax, ana
are Issued of the following denominations;
I coupons 500. $500 and $1,000: Registered
! sIO0. $500, SIuOO. $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 inY psctc RSrosd bands to our
friends and the general public; -,,
! GOLD PANMENT.-Both principal
! and interest are payable In American gold
| coin, Mt she office OF jay Cooke Co. NeW
! York City-the principal at the end OF ~
| years, and the interest tat the rate OF seven even
I and three-tenths per cent. per annum) half
yearly, first of January and July;
PERFECT SAfETI.-The bonds We
are now selling, are secured by INST ana
| only mortgage on all the property ana
rights OF the Northern Pacific railroad Com
! pany, which will embrace on the compile
J ton OF the work:
! olling stock, buildings, and all other equip
2 over Twenty-Five Thousand Acres OF
f! Land 10 every mile of finished road. ms
land, agricultural, timbered and mineral,
| amounting in all 10 more than Fifty Million
! Acres, consists of alternate sections, reach
J ing twenty la forty miles on each side of
the track. and extending in "A broad fertile
belt from Wisconsin through the richest
portions Of Minnesota, Dakota, Montana,
idaho. Oregon and Washington 10 Puget
Sound.
| While the Government does not directly
( guarantee the bonds of the road, IL thus
! amply provides for their full and prompt
payment bv an unrcScrved grant of land.
The most valuable ever conferred upon
great national improvement.
/ THE MORTGAGE.-The Trustees under
the Mortgage, are MesSrs. Jay Cooke, OF
II,
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 10
see that the prpc,'dS u i1Jd STiSS are used III
purchasing and cdnceiinQ The bDIihS 0f The COM
JpdRy If they can he bought before maturity
III nat more than 10 per cent. premium;
otherwise the Trustees are Ia invest the pro-
ce,riS OF land sales in United States Bonds
or Real Estate Mortgages for the further So
curity OF Northern Pacific bOndhOldcTS
Also that they have ut NIL times In their
control, ~ security, at least Jn acres OF
average land Ia every SlUO OF outstanding
first mortgage bonds, besides the railroad
itself and all its equipments and franchises
PROFlTABLESES S.-Of course moth
ing can h. safer than the bonds of the Uni
tel States, but ~ the Government Il no
Ionger borrower. and aS TN" Nations
present work j. not that of preserving It's
existence, but that Of DEVELOPING 4 CONri-
SENr, we remind those who desire To In
|
mancnt investment, while silll having
perfectly reliable security, that:
United States j2O'S at their average pre-
MUM yield the present purchaser less TINA
-. per cent. gold Interest. Should they be-
redeemed in i've years, and specie payments
be resumed, they would really pay only
e.. per cent, or II In three yCars, only y;
per cent, aS the present premium would
meanwhile he sunk.
Northern Pacific IDS selling at par In
toll h.. N = nor con
gold interest absolutely for thirty years free
from THRcd SIi"S htI. sl0vO currency In
vested now in United States 5-2D's will yield
per year in gold, say So o.. $1,000 currency
invested now i'm Northern Pacific 7-;D's will
yield per year in gold, $3.50. Here is diff
ference nI annual income Of nearly Onc-fhTd,
besides difference OF 10 10 per cent. In
principal when both CLASSES of bonds arr
redeemed.
THE ROAD NOW BUIIDING.-
Work was hegun in July last on the eastern
portion of the line. and the money pruNid-
ed. by the sale Ia Stockholders of some six
million of the cOmpnny'S bonds, To build
and equip the road from Lake superior
across Minnesota Ia the Red River or the
SOrth-gS miles. The grading on the di-
vision is now well advanced. the iron being
rapidly laid; several Thousand men are nj
work on the line, and about The first Of Au-
gust next this important section of the road
will h. In full operation. In the mcantim"
! orders have been sent Ia the pacitc coast
/ for the commencement DI lll' Nplk ON lltt
| western end IN early spring ana Thereafter
the work will be- pushed, both eastward
bnd westward, with rs much speed rs may
ac consistent with Soidity aud wise
economy.
RECEIVABLE FOR LANDS. Those
bonds will br at Rll times, before maturity,
receivable, nj LILO, in payment for the com
pany'S Lands, at their lowest cash price.
BONDS ENCHANGEABLE.-Th reg
istercd bonds can bc exchanged AT any time
t.r, M fAp TtI
10th ihcs" can bcCXChangCd FOR others, pay
able, principal and Interest, at any uf the
principal financial centres Of Europe, In the
coin Of the various European countries.
HOW TO GIT TUEu.-Nour nearest
! Bank or Banker will supply th'~" bonds In
any desired amount, AMI uI any nc'Sl"d de
! nomination. Persons wishing To exchange
stocks or other bonds for these, can DO 50
with any Of our agents who will allow the
highest current price for all marketable 49,
= CuTiticS.
Those living in localities remote from
banks, may send money or other bonds. di-
, rectly Ia us 10y express, and We viii 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 s"ll
this loan.
After thorough invest igation, hive nc
ccptei ia" 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.
II. CRASGLE,
jamie President city Bank.
:: EUROPEAN EXCHANGE OFFICE