The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-04-24
FINANCIAL.
New T-So Cola AooM.
OF TUE
iORTuERN PACIFIC R. R. co.
Secured by first mortgage on railroad and
land grant.
Safe I Pnoi,atie ! Permanent
JAY COOKE & co.

Of.r for sale at par and accrued interest
the First Mort sge Laud Grant
Gold Bonds Of the Northern Pa
ci6c Railroad Company.
They are free from
United States tax
and are issued Of the following denomiss-
tions Coupons 500. $500 and $1,000:
Registered 800, $500, $1,000, $1,000
and $1,000.
With the same entire coudienc with
which we commended Government bonds 10
| Capitalists and people, we now, after the
fullest Investigation, recommend these Nor
thern Pacific Railroad bonds TO our friends
and the general public.
| GOLD PAYMENT.-Bo.h principal
and interest are payable in American gold
/ coin, at the office Of Jay Cooke Il Co., New
York City, tie principal at the end Of 30
years. and the interest," at The rate Sf seven
and three tenths per cent. per annum] half
yearly. first Of January Gud July.
PERFECT SAFETY The bonds We
are now selling arc secured by srst and
only mortgage on all the property and rights
I ofihe Northern Pacific Railroad Company.
which will embrace on the completion Of the
work:
!. Over Two Thousand Miles Of Roa9,
with rolling stock, buildings and all other
equipments.
2. Over twenty-five Thousand Acres Of
Land 10 every mile of finished road. This
| land. agricultural. timbered and mineral,
anne uniing in all more than Fifty Million
| Acres, consists of alternate sections, reach.
! ing from twenty TO forty miles on each side
of the track, and extending in broad. fer.
tile belt from Wisconsin, through the richest
portions Of Minnesota, Dakota. Montana Ida
no, Oregon and Washington, to Puget Sound.
While the Government does not directly
guarantee the bonds Of The road, il thus am
plySprs vides for their full and prompt pay
meat by an unrescrved grant Of land, the
most valuable ever conferred upon great
national improvement.
TIE MORTGAGE The Trustees
under the mortgage are Messrs. Jay Cooked
Philadelphia and J Edgar Thompson. Prssi-
dent Of the Pennsylvania Central Railroad
Company. They will directly and permanent.
ly represent the interests oil the First Mort
gage bond holders, and ara required to see
that the proceeus of land sales are used in
purchasing and cancelling the bonds Of the
Company, il hey can be bought before uatu-
rity at rot more than ~ per cent premium ;
! otherwise the Trustees are TO Invest the pro-
eeeis Of lsnd sales in United States Bonds or
real mortgages for the further security o.
Northern Pacific bondh olders. Also that they
haze At al times in their control. as security
Al least 800 acres Of average landto every
/ $1,000 Of outstanding FIRST mortgage sondl,
besides the railroad itself, and all its squip-
neut. and franchises.
PR0FITABLENESS.-0f course
nothing can be safer than the bonds Of tina
United States, but as the Government is no
longer borrower, and the nations present
wort is net that Of preserving its existence,
bat that Of developing a eontinent,we remind
those,,who desire 10 increase their income and
obtain = more permanent investment, while
srill having perfectly reliable security, that:
United States 5-2U's at their average premi-
um yield the present purchaser less thanh
IL per cent gold interest. Should they be
re.eemed in i've years and specie payment
c.unei, they would really pay only S.s
cent or il in three years, only 8 IL per
cent, ssthe present premiunvOuld mean
while be sunk
Northern Pacific 1905 selling at paria
currency yield the investor $40 per cent.
gold interest absolutely for thirty years, free
from United States tax, SLIGO currency
invested now in United States 8 POS will
yield per year in gold say $50. $1,000 in
currency invested now in Northern Pacific
30's will yield per year in gold $1,000. Here
! is difference in annual income Of nearly
one-third, besides difference off to 10 ger
cent in principal, when both classes OF bonds
ire redeemed.
THE ROAD NOW BUILDING
Work was begun in July last on tRe eastern
portion Of the line, ann the money provided,
BY the sale to stockholders Of some sir MILL
ons Of the Company's bonds, 10 build and
! build and equip the road from Lake Superior
across Minnesota TO the Red River at the
Norih-233 miles. The grading on this di-
vision i, now well advanced. the iron is being
rapidly laid. several thou sand men re at
work on the line, and about the frs Of Au-
gust next this important section of the road
will be in full operation. In the meantime,
orders have been sent 10 the Pacific coast for
the commencement Of the work on the western.
end in farly Spring. and thereafter the work,
will be pushed, both eastward and Westward,
with as much speed a, may be consistent w!:h
solidity and a wise economy.
RECEIVABLE FOR LANDS -
These bunds will be at all times, before ms
turity, receivable, at l.l0,'in payment for lie
ompany's lands, at their lowest cash price,
BONDS EXCHANGEADLE. The
registered bonds can be e1cl,..uzeL OF any
time for coupons, the cop5Ors for registered.
and both these car be exchanged for others.
payable, pr!ncipa- and interest, at any Of thu
principal inanc; al ceutrcs of EuFore,.i u The
coin oil the yH.rious European countries.
HON TO GET THEN Your near
est bank or Banker will supply these Bonds
IL any desired amount. and Of any reerlrd d.,
nomination. Persons wishing to exebsnx,
( stocks or other bonds for these cab DO ~
with any of our agents, who will allow IL.