Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1871-05-16
FINANCIAL.
NEW 7-30 GOLD LOAN
OF THE
NORTHERN PACIFIC RAILROAD COMPANY.
Secured by First Mortgage on RrOad and Land Grant,
SAFE. PROFITABLE. PERMANENT.
Jay COOKE g. co

JAY COOKE g. CO.
Offer for sale at par and accrued interest the
First Mortgage Land Grant Gold Bonds OF
the Northern Pacific Railroad Company
They are free from United State Tax, and are
issued OF the following denominations Cou-
pons, 500, $500, and 81 900; Registered,
500, $500, $1,000, $4,000, and $4,000.
With the same entire confidence with which we COM
mended the Government bonds TO Capitalists and Peo-
pie, wo now, after the fullest investigation RECON-
mend these Northern Pacific Railroad bonds to our
| friends and the general public.
GOLD PAYMENT.-Both principal and interest
are payable in American gold coin at tina office jaw
Cook Co, New York City-the principal at the end
of 80 years, and the interest lat the rate of seven nd
hreetenths per cent per annum) half yearly, first Of
January and July.
PERFECT sAFETY-The bonds we are now
selling are aecured by first and only mortgage AL
the property and rights OF Northern Pacific Rail
road Company which VIII embrace the completion of
the work:
|. Over Two Thousand Miles OF Road, with rolling
stock, buildings, and other equipments.
2. Over Twenty-Five Thousand Acres of LAID to
every mile Of finished road This land, agricultural
mbered and mineral, amounting in All to more than
Fifty Million Acres consists OF alternate sections reach
ing twenty to forty miles each side Of the track
extending, in 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 ofthe Road thus amply provides for their
full and prompt payment by an unressryed grant Of
land, the most valuable conferred upon a great
national improvement
THE MORTGAGE The Trustees under theNort-
gage, Messers. Jay Cooke OF Philadelphia and j.
Edgar Thomson, Presidentof the Pennsylvania Central
Railroad Company. They will directly and permanent
~ represent The interests Of the First Mortgage bond
holder, and are required to that the proceeds Of
land sales used in purchasing and edRceAing The
bonds Of the Company 1t they be bought before
turity at not more than 10 per ceat premium other
wise the Trustees are to invest the proceeds Of land
sales in United States bonds Real Estate Mort sages
for the further security of Northern Pacific bondhod
Also, that they have at all times ia their control
security. at least 500 OF average land to every
$1,000 of outstanding frs mortgage bonds besides the
railroad itself and all its equipments and franchises
PROFITABLENEss.-O OF course nothing can be
safer than the bonds of the United States, bu the
Government is no longer a borrower and the Ma
tons present work is not that Of preserving its exist
ence but that Of DEVELOPING CONTINENT, RENTS d
those who desire to increase their income and obtain
more permanent investment while still having per-
fectly reliable security, that:
United States 5 COS their average premium, yield
the present purchaser less than 5s per cent gold in
terest. should they be redeemed in I'VE years, and
specie payments be resumed, they would pay only "a
per cent. If in three years only 31s per cent,
the present premium would meanwhile be sunk.
Northern Pacific 1905 selling at par in currency,
yield the investor $40 per cent. gold interest abso
utely for thirty years. free from United States tar
$1,000 currency, invested now in United States 5-20s
will WELD per year. in gold say S62 co. 900 curron
cy invested in Northern Pacific 1905, will yield
per year, gold 5000. Here is difference GnRu-
az income Of nearly onethird besides difference OF
10 10 per cent in principal, when DO th classes Of bonds
redeemed.
THE ROAD NOW BUILDING.-work was be-
gun in July last the portion OF the line and
the money drived by the sale of stockholders OF
six mil lions Of tn, cCpanys bonds TO build and equip
the road from Lake Superior across Minnesota TO the
Red River of the North-233 miles. The grading on
| this division Is well advanced, the iron is being
rapidly laid several thousand men at work he
line aud about the first of August next this important
section OF the road will be in full operation In the
meantime orders have been sent 10 the Pacific
the commencement of the work the western end.in
early Spring, and thereafter the work will DO pushed,
both eastward and westward, with as much speed az
may be consistent with solidity and wise economy
RECEIVABLE FOR LANDs.-These bonds
will be at all times before maturity. receivable, at lilo
in payment for the companys lands, at their lowest
cash prices.
BONDS EXCHANGEABLE.- The registered
bonds can be exchanged alta time for coupons the
coupons for registered both these be
principal financial centres Of Europe in the coin of the
| various European countries.
HOW TO GET THEM.-Your nearest Bank OF
Banker will supply these bonds in any desired
OF any needed denomination. Persons wishing to
change stock other bonds for these, do with
any OF agents, who wall allow the highest current
| price for all marketable securities.
Those living in localities remote from banks may send
money, Their bonds directly 20 by express. and
we will send back Northern Pacific bonds at Owl
risk and without cost to the investor. For further
information, pamphl cts, maps, etc., call address tbs
undersigned any Of the Banks or Bankers employed
to sell this loan.
| For sale by II. McsPADEN, Banker,
| Boscobel, Wis.
LUNT, PRESTON 4 CO., Bankers Chicago Genera
Agents for Illinois, Wisconsin, Minnesota and Northern
Indiana 49wi2