Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1871-05-09
NEW ADVERTISEMENTS.
FINANCIAL.
NEW 7-30 GOLD LOAN
OF TIRE
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 oil the following denominations Cou-
pons, 500, $500, and ST 900; Registered,
500, $500, S 900, $4,000, and $4,000.
With the entire confidence with which we COM
msnded the Government bonds to Capitalists and Peo-
Pile NO now, after the fullest investigation, RECON-
mend these Northern Pacific Railroad bonds to our
friends and the general public.
GOLD PAYMENT.-Both principal aud interest
are payable in American gold coin, at the Office OF Jay
Cook Co, New York City--the principal at the end
OF so years. and the interest at the rate Of nd
per cent per annum) half yearly, hrst Of
Janusry and July.
PERFECT sAFETY,--The bonds we are nov
selling aecured BY nrst and only mortgage on all
the property and rights Of the Northern Pacific Rail-
road Company which wl embrace the completion Of
| the work
l. Over Two Thousand Miles Of Road with rolling
stock, buildings, and other equipments.
z Over Twenty-Five Thousand Acres Of LAID to
every mile OF finished road Ths land, agricultural,
timbeled and mineral, amounting all 10 more than
Fifty Million Acres consists OF alternate sections
ing twenty 10 forty miles on each side Of the trae aa
| extending, in broad iertiie belt from W,sconsip
through the richest portions Of Minnesota. Dakota
Montana, Idaho, Oregon and Washington, to Puget
Sound.
| While the Government does oot directly guarantee
the bonds Of the Road IL thus amply provides for their
| iuli and prompt payment BIZ unrescrVed grant Of
land, the most valuable ever conferred upon a great
/ national improvement.
! THE MORTGAGE The Trustees under the Mort.
gage, are Aessers. Jay Cooke of Philade phia and
Edgar Thomson President Of the PennsylyRnia en.ral
/ Railroad Company. They will directly and permanent
j. represent the interests Of the First Mortgage bond
holder. and are required TO that the proceeds 81
land sates are used in purchasing and caHceBQ ne
bonds u The Company they be ght before ma.
turity at not than 10 per cent premium other
wise the Trustees are 10 invest tho proeeeds OF land
sales 0itad houdS Al
for the further security of Northern Pacific bondhoia
els Also, that they have at all times in their contro
security. at least 500 of average land every
$1,000 Of outstanding frs mortgage bonds besides the
rairead itself and all its equipments and franchises.
! Ess. -Ot course nothing can be
safer than the bonds Of the United States but as the
Governmental no longer borrower, aud as the Ma
uons present work not that Of preserving its exist
snee but that OF DEVELOPING CONTINENT We reInisd
those who desire to increase their income aud obtain
more permanent Investment while still having per
| tectly reliable security, that.
United States 5-20s their average premium, yielC
the present purchaser less than ga per cent gold in
terest. Should they be redeemed in Eve years, an,
specie payments be resumed they would pay only a.
per cent or II 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
lutey for thirty years, free from United States tar
$1,000 currency, invested now in United STATE 500.
will yield per year, in gold say S62 co. 81 500 currcn
ey, invested now in Northern Pacific 1905, will yel
per year, 10 gold, 5000 Here is difference in dnnH
al income of nearly One-third besides difference OF
10 ~ per cent In prlnca when DO th classes of bond
are redeemed.
THE ROAD NOW BUILDING.-Work was be
gun in July last the portion of the line an
The money dryed, by the sale of stockholders Of som
SIX mil lions Of tn cCm2anys bonds to bui i'd and equi
ths road from Lake Superior across Minnesota tb
, Red River of the NoTth-23S miles The grading Of
TINS division Is now well advanced, the iron is bein
rapidly laid several thousand men work on tn
line. and about the first of August next this
section OF the road will be in full operation In tn
meantime orders have been TO the Pacific coast 70
the commencement of the work on the western end i
early Spring, and thereafter the work will be pushed
both eastward and westward, with as much speed a
may be consistent with solidity and wise economy
RECEIVABLE FOR LANDs.-These bond
Will be at all times before maturity. receivable at i
IN payment for the company's lands, at their loves
cash prices.
BONDS EXCHANGEABLE.- The regstere
bonds can be exchanged at any time for coupons, tn
coupons Tor registered nd both these be exchange
Tor others pay able principal and interest any OF III
prlncipa financial centres of Europe in the coin OF Iii
various European countries
HOW TO GET THEM-Your nearest Bank {
Banker will supply these bonds in amount
OF any needed denomination Persons wishing to ss
change stock other bonds for these can do SO wit
any OF our agents, who Will allow the highest currer
price for all marketable securities.
| Ihose living IN localities remote from banks may Sc
money, or ther bonds. directly TO BY express an
We will send back Northern Pacific bonds at our ow
risk, and without cost to the investor For turtle
information pamphl ets, apps etc. call on address m
Undersigned, or any of the Banks Bankers
to sell this loan.
For saIeb by F. McsPADEN, Banker.
| ,,,,,,, . Boscobel, Wis
| LUNT, PRESTON CO, bankers, Chicago. Genera
Agents for Illinois, Wisconsin, Minnesota and Northern
| Indiana. 49wt2