Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1871-01-25
JAY o &C. co.


Oher fOrsale At par andsecrHsd interestthe 7 First
Mortgage Land Grant Gold BOads OF the North
ern Pacific Railroad Company. They are free
from United States Tax. and are issued OF the
following denominations : Coupons 500, $500,
and $1,000; Registered 800, $500, $1,000 s., 700
and $4,000.
With the same entire confidence with
which we commended Government bonds
TO Capitalists n People, we now. amer the
fullest investigation. recommend these Nor
thern Pacific Railroad bonds 20 friends
and the general public.
GOLD P1YHENT-Both principal and in
terest are payable in American gold coin, at
the once OF Jay Cooke & Co, New York
City-the principal at the END OF 30 years,
and the interest Cat the rate OF seven and
three-tenths per cent. per annum) halfyesr-
Iy, nrst OF January and July,
PERFECT SATELLITES bonds We are now
selling, are secured BY q hrstand only mort
gage on all the property and rights Of the
Northern Pacific Railroad Company, which
viii embrace on the completion Of the work
1. Over Two Thousand Milesof Road, with
rolling stock, buildings, and all equip
ments.
= ONGE lMGuNg-LMQ Al0lahuu ACTS %
Land to every mile Of hnished roads This
land, agricultural, timbered and mineral,
amounting in all TO more than Finy Million
Acres, consists OF alternate sections. reach
ing twentyto forty miles on each side Of the
track, and extending in a 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
guarantees the bonds OF the Road, e thus AM
ply provides for their full and prompt pay
ment by an unressrved grant Of land, the
most valuable ever conferred upon q great
national improvement
THE aORrGAGE.-The Trustees under the
Mortgage, are Messrs. Jay Cooke Of Phila-
delphia, and J. Edgar Thomson, President Of
the Pennsylvania Central Railroad Com
pany. They will directly and permanently
represent the interests Of the First Mort
gage bond holders. and are required 70 see
that the proceeds Of land salss are used In
purchasing and ednes1in0 De bonds of he
oompaRyif they can be bought before matu-
rity al not more han 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 their
control. as security, At least 81 0acres Of aver
agelaud to every 1900 OF outstanding first
mortgage bonds, besides the railroad itself
and all its equipments aud franchises.
PROFTTABLENESS.-Of course nothing can
be safer than the bonds OF the United States,
the Government is no longer a Dor
rover. and as the Nations present work is
not hat OF preserVingits existence. but that
Of DEVELOPING A ~coSTINEST. We remind
those who desire TO increase their income
and obtain a more permanent investment,
while stilI having a perfectly reliable secu-
rity, that:
United States 5-9O's at their average pre-
MUM yield the present purchaser less than
81 per cent. gold interest. Should they be
in i've years, and specie payments
be resumed. they would really pay only ~
per cent or II in three years, only 81 per
cent. as the present premium would mean
be sunk.
Northern Pacific 7-sJs selling at par In
currency yields the investor 7 $40 per cent.
gold interest absolutely for thirty years
from United SAFES Tar Sl.lO0 currency IN
now in United States 5-7Js VIII Yield
AEI year III kGAus aaL M0LUA ML.AuN currency I
Invested now in Northern Pacific 7-30's will
yield per year in gold, SS0,S0. Here IS a DIFF
ference n annual income OF nearly oas-Ai-d
a difference Of 10 10 per cent. in
principal, when both classes OF bonds are
redeemed.
II ROAD NOW BUILDIS6-Work was be-
gun in July last on the eastern portion OF
the line, and the money provided, by the
ale TO stockholders Of some six millions OF
the ComPany's bonds, TO build and equip
the o from Lake Superior across Mime
sOta to the Red River OF the NOrth-23m miles.
The grading On this division Is now well ad-
Vanced, the Iron is being rapidly laid: sew
sral thousand men are at work on The line
and about the hrst OF August next This i'm
section Of the road will be in uu
operation. In the meantime orders have
been sent to the pacific coast for the COM
mencement Of the work or the western end
IN early Spring. and thereafter the work
will be pushed, both eastward and west
yard, with as nue. speed as may be con-
iistsnt with solidity and 4 wise economy.
RECEIVABLE FOR LANDS-Thess bonds
will be at all times, before maturity, re-
'eivable, at LILO, in payment for the Compa-
ly'slands, at their lowest cash price.
BONDS EXCHANGEABLE-The registered
can be exchanged at any time for
,oupons, the coupons for registered, and
10Th these can be exchanged for Others.
1ayabIe, principal and interes- at any or
he principal financial centres OF Europe. in
he coin of the various European countries.
o TO & THEN.-Your nearest Bank OF
Banker will supply these bonds In any de-
ilred amount, and Of any needed denOmi-
iation. Persons wishing to exchange stocks
Y other bonds for these, can do so with any {
u our agents, who viii allow the highest ,
current price for all marketable securities. {
Those living in localities remote from
,anks. maysehd money, or other bonds. di-
ectly to us by express, and we viii send
,ack Northern Pacific bonds at our own
isk, and without cost to the investor. For
information. pamphlets, maps, ETC., 4
all on or address the undersigned, or any {
fthe Banks or Bankers employed TO sell
loan. ". PAINTER, Banker.
Cleveland, General A0entyoT Horihern o. :
For sale in Warren. by Erst National Bank
TTum6UH National Bank, 7. J. MeLdfn6 Son, I