The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-03-28
FINANCIAL.
new 7-3e GOLDLOAN
OF THE (.
Northern Pacific railroad Co,
Secured by First Mortgage on Rail
road and Land Grant. Co.
Safe! Profitable! Permanent !!
LAY COOKE q co.

Jay COOhE IL w.
offer for sale at par and accrued interest the
First Morteage Land Grant Gold Bonds OF
the Northern Pacific Railroad company;
They are free from United states Tax, anu
are issued of the following DENOMINATIONS ;
| Coupons 800. $500 and $1,000; Re2istereu
SIO0. $500, $1,000, $1,000 and $4,000.
with the same entire confidence with
which we commended Government oonds
TO Capitalists and People, we now, after the
| Northeru Pacific Railroad bonds to our
| friends and the general public.
GOLD PAfMENT.-Both principal
| and interest are payable in American gold
coin, at she office OF Jay Cooke q 20, New
York City-the principal at the end OF 81
wears. and the interest tat the rate OF seven
and three-tenths per cent. per annuml hali-
yearly, first Of January and July:
PERPECT SAFETf.-The bonds we
are now selling, are secured by nrst and
only mortgage on all the property and
rights of the Northern Pacific railroad Com
| many, which will embrace on the compile
over TWO Thousand Miles OF Road, with
oiling stock, buildings, and all other equip
3 over TWENTY-FIVE Thousand Acres OF
Land 10 every mile Of finished road. This
land. AGRICULTURAL, timbered and mineral,
| amounting in all To more than Fifty Mllllon
Acres, consists Of alternate sections, reach.
| ing twenty 10 lofty HllicS O1 Gull siuS VI
the track, and extending in broad fertile
belt from Wisconsin through the richest
portions OF Minnesota, Dakota, Montana,
Idaho, Oregon and Washington to Puge'
Sound.
While the Government does not directly
guarontee the bonds Of the road, II thus
amply provides for their full and prompt
payment bv an unreserved grant OF iano,
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-.
ifent OF the Pennsylvania Central Railroad
Company. They will directly and perma.
nentiy represent the interests OF the FITS
Mortgage bond holders, anh are required to
see that the proceeds Of land sales are used III
purchasing and cdneeiin1 the bonds Of the com
pdny If they can be bought before maturity
at not more than 10 per cent premium
otherwise the Trustees are to invest the pro-
ceeds Of land sales in United States Bonds
or Real Estate Mortgages for the further Sc
curity of Northern Pacific bondholders
Also, that they have at all times in theii
control, as security, at Least go acres re; o o
first mortgage bonds besides the railroad
itself and all its equipments and franchises
ABLENESS.-Of course moth
ing can be safer than the bonds OF the Uni
ted States, but as the Government Is nc
longer borrower, and as the Nation,
present work Is not that OF preserving 10
existence but that Of DEVELOPING A CoNTI
SEST we remind those who desire to In
crease their income and obtain more per
manent investment, while still having
perfectly reliable security, that:
United States SOS at their average pre-
MUM yield the present purchaser less tnns
So 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 81:
| a
meanwhile he sunk.
Northern Pacific 7-SO's selling at par In
currency yield the investor $40 per cent
. gold interest absolutely for thirty years, fret
from United States tar. $1,000 currency in.
vested now in United States 5-20's will yield
per year in gold, say 500 $1,000 currency
invested now in Northern Pacific 1905 will
yield per year in gold, S'0.0. Here Is diff
ference in annual income OF nearly One-thtrt
besides a difference OF TO 10 per cent. In
principal, when both classes OF bonds ART
| redeemed.
THE ROAD NOW BUILDING
Work was begun in July last on the eastern
portion OF the line, and the money provid
million OF the company's bonds, 10 builc
and equip the road from Lake Superior
across Minnesota to the Red River OF the
North-2s3 miles. The grading on the di
vision is now well advanced, the IRON oeint
rapidly laid; several thousand men are a
work on the line, and about the first OF Au
gust next this important section OF the road
will be in full operation. In the meantime
orders have been sent to the pacific coaSi
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 as much speed as may
ae consistent with solidity and Wis
economy.
bonds will be at all times, before maturity
| receivable at |, 10, in payment for the com
pany's lands, at their lowest cash price.
BO NDS EXCHANGEABLE-- reg
istered bonds can be exchanged at any time
for coupons, the coupons for registered, and
both these can be exchanged for Others, pay
able, principal and interest, at any Of the
principal financial centres Of Europe, In the
coin OF the various European countries.
Bank or Banker will supply these bonds in
any desired amount, and OF any needed de
| nomination. Persons wishing 10 exchange
stocks or other bonds for these, can do sc
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 ether bonds, di
rectly TO US by express, and We will SEND
back Northern Pacific bonds ut our OWL
risk, and without cost TO the investor. Fol
further information, pamphlets, maps, etc.
call on or address the undersigned, or any
OF the Banks or Bankers employed to sci
this loan.
| After thorough Investigation, have &C
cepted the general agency for West Virgins
and the adjacent counties of Pennsylvania
and Ohio for the sale Of these bonds, and
confidently recommend them TO my Gus
Il. CRANGLE,
ianl6 President City Bank.