Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-02-09
lin ANCIAL
NEW 7-3O GOLD LOAN
NORTHERN PACIFIC RAIL
ROAD CO.,
Occurred by First Mortgage on railroad and
Land Grant.
SAFE, PROFITABLE, PERMANENT.
JAY COOKE & co.

Offer for sale at par and accrued interest the first
Mortgage Land Grant Gold Bonds OF the North
ern Pacific Railroad Company. They are free
from United States tax, and issued of the fol-
lowing denominations; coupons $500, $500 and
$'.OOO; Registered 500, $500, $1,000, $4,000 and
$4,000.
recommended Government bonds to capitalists
and people, we now, after the fullest inveetiga-
ton. recommend there Northern Pacific Railroad
bonds to our friends and the general public ia.
are payable 10 American gold coin, at the office OF
jaw Cooke & Co., New York City-the principal
at the end of 80 years, and the interest at the
rate of seven and three-tenths per cent. per an
nun half yearly, fret of January and July.
PERFECT SAFFTY.-The bonds we are now SELL
ing, are secured by first and only mortgage on
all the property and rights of the Northern Pa
cific Railroad Company, which Will embrace on
the completion of the work:
|. Over two thousand miles of road. with roll
ing stock, buildings, and all other equipments.
q Over twenty-five thousand acres of land to
every mile of finished road. This land, agricul-
turaI, timbered and mineral, amounting in all to
more than fifty million acres. consists OF alter
rate sections, reaching twenty to forty miles on
each side of the track, and extending in broad
fertile belt from Wisconsin through the richest
portions of Minnesota, Dakota, Montana, Idaho,
Oregon and Washington, to Puget Found.
While the Government does not directly guar
antee the bords of the road, it thus amply pro-
vides for their full and prompt payment by an
unreserved grant of land the most valuable ever
conferred upon great national improvement.
THE MORTGAGK.-The trnstees under the mort
gage, are Messrs. Jay Cooke of Philadelphia, and
J. Edgar Thompson, President of the Pennsylva-
| MIA Central Railroad Company. They will direct
" and permanently represent the interests of the
| First Mortgage Bondhelders, and are required to
zee that the proceeds of land sales are used In
purchasing and canceling the bonds OF the Com
pany If they can he bought before maturity at
not more than 10 per cent. premium otherwise
the trustees are TO invest the proceeds of land
-ales in United States bonds or real estate mort
cages for the further security OF Northern Pacific
bondhOlders. Also, that they have at all times
in their control security, at least 500 acres OF
average land to every 81 900 of outstanding first
mortgage bonds, besides the railroad itself and
and all It's 60 pipments and franchises.
PRoFrTABLENEss.-Of course nothing can be
safer than the bonds of the United States, but
as the Government is no longer borrower, and
as the Nations present work is not that OF pre-
serving its existence, but that of developing
continent, we remind those who desire to in
crease their income and obtain more permau
enI investment, while still having perfectly
reliable security, that:
limited States 5-2O's at their average premium
Weld the present purchaser less than l-2 per
cent O Id interest. Shou d they be redeemed
in five years, and specie payments be resumed
they would really pay ouly 3 per cent, or II
in three years, only l-2 per cent, as the pre-
sent premium would meanwhile be sunk.
Northern Pacific 1905 selling at par in cur
renoy yield U e investor 10 per cent. gold in-
terest absolutely for thirty years, free from
United states tax. $1,100 currency Invested
now in United States 5 20's will yield per year
in gold, sly, 5000. $t.100 currency invested
now in Northern Pacific 1905 will yield per
year in gold $50 80. Here ia difference IN an
nual income of nearly one-third, besides diff
ference of Z to 10 per cent IN principal, When
both classes of bonds are redeemed.
THE ROAD Nov BUILDING work was be-
gun in July last on the eastern portion OF the
line. and the money provided, by the sale to
stockholders of SOM six millions of the Com
p .ny's bonds, to build and equip the road from
Lake Superior across Minnesota the Red River
81 the NUrth-233 miles. The grading on this
division Is now well advanced the iron is being
rapidly laid, several thousand men are at work
on the line and bout the first of August next
tn important section of the road Will be Ii full
operation. In the meantime orders nave beeb
sent TO the Pacific coast for he commencemeI
of the work Will be pushed. both eastward and
westward with as much speed as may be con-
sistent with solidity and wise &C. nomy. go
RECEIVABLE FOR LASDs.-These ponds Will
at all times, before maturity, receivable, at Ito
in payment for the Conpany's lands, at their
lowest cash price.
can be exchanged at any time for coupons, the
coupons for registered, and both these can be
exchanged for others, payable, principal and
interest at any ofthe prtncipa' financial centres
of Europe, in the coin Of the various European
countries.
or Banker Will supply these bonds in any de
sired amount, and of any needed denomination. |
Persons wishing to excnangs stocks or other
bonde for there, can do so with any of our
for all marketable securities.
Those living IN localities remote from banks, |
may send money, or other bonds, directly TO Ne
by express and we will send back Northern |
Pacidc bonds at our own risk, and without
cost to the investor. For further information, |
pamphlets, maps, ETC., cali on or address the
undersigned, or any OF The bar ks or bankers |
employed TO sell this loan.
JAY COOKE co,
Financial Agents.
Subscriptions received by
MORGAN, KEkNE s. MARION,
AZ Wall St, New York, General Agents
LOCAL AGENTS.
Natiosa Bank of RutlaL6-S. W. Rewcl, |
Cashier.
Baxter National Bank-George r. Bottum,
Cashier.
hutland County National Bank-H. F. Field,
Cashier |
Castletou National Banks. NJ. Guy. Cashier |
National Bank PoultRey Merritt Clark |
Cashier
Fist National Bank Fairhavcn-s.W Failey, |
Cashier.
Brandon National Bank 49, ID. G Basc9m,
Cashier.
First National Bank Brandon-H. {. Cope |
land, Cashier.
First National Bank Orwell - c. Z. Bush,
Cashier. dl&w.