The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-04-10
FINANCIAL.
Nen T.3S Cola LoON,
OF Tue
IoRTuERN PACIFIC R. R. co,
secured by FRS, mortgage Oh railroad ssd
land grant.
Sal, /! rreIsaue ! Pe~asssi
JAY COOKE & co.

Dil'r Tor sale at par and accrued lnteSes.
tho First Mort age Land Graz,
Gold Bonds Of the Northern Pa
cifc Railroad Company.
They Trc free from
United States tax
and are issued Of the following denoui,,
lions :-Coupons 800. $500 and $1,000
Registered sICo, $500, $1,000, $500
and $4,000.
With the same entire could euss wiz
which we commended Government bond, -
Cspil.lsts and people, We now. amer IL.
fullest investigation, recommend these Ma,
kern Pacific Railroad bonds to GU. fr;.sS.
and the general public.
GOLD PAYMENT.-Beih pripci,L
and interest are payable in American voIj
coin, At the office Of Jay Cooke / Co. a.
York City. tie principal at thu end o,gn
years, and the interest at the rat. n, ,.,.S
and three ,enbs per cent. per anauu1 k,is
yearly. fr-t of January and July.
PERFECT SAFETY The bonds =.
are now selling are secured BY a srs, and
only mortgage on all the property and risb,s
Of the Northern Pacific Railroad Compsn,
which vii! embrace on the completion ., Il,
work:
!. Orsr Two thousand Miles Of Ro,s
with rolling. stock, bxildins,, aad all OiL,,
equipments.
2. Over Twenty Two Thousand Atros,
Land TO every mile Of finish ed road, I'M.
land, agricultural. timbsred ani uip,,-I
amounting in all to more than finy uilli.,
Acres. consists of alternate sce1ions reach.
ing from twenty TO forty miles on each nd.
OF the. track, and extending in broad fr,.
tile belt from Wisconsin. through the ,ieb..
portions Of Minnesota, Dakota, Montana Id.
no, Oregon snd Washington, to Puget Sound.
While the Government does no, drser,
guarantee the bonds of the road il ,hu,.m.
ply provide. for their full and pro,up, raw.
ncnt,by an snreserved grant Of land tho
most valuable ever conferred upoa ssrsu
national improvement.
TuE MORTGAGE Tue Trustee.
under the mortgage are Messrs. Jay C,oksOf
Philadelphia and J. Edgar ThynpsOu. Prs,i.
den, OF the pennsylyaHia Central Railrs.a
Company. They will directly and permanent.
Is represent the interests Of the First MY,h
gage bond holders, and ara required to- a
that the proceeds Of land Mles are used In
purchasing aud canceling the bonds oft,
Company, if:hey can be bought before miil
rity at no; more than ~ per cent premium;
otherwise the Trustees are 10 invest the prs-
cecds Of lGnd sales in United States Bonds 0,
real mortgages for the further security u
Northern Pacific bonIholders. Also that THY
! hive st tiliimes in their control, as security
ut least 500 acres Of average landtO ever!
$1,000 of outstanding first mortgage honda
besides the railroad itself, and all It, equip.
ments aud franchises.
PR0FITABLENESS.-0f csurs
nothing can be safer ,hss tho bond, Of b,
United States, but as the Government 10 D,
longer a borrower. aud the nations preset
works. NOT tina, of preserving its eIisteasl
hut that OF developing continent, we rrnHi
those,wbo desire to increase their incem, nd
obtain more permanent investment. Will,
still having perfectly reliable, security, that:
United States j-2G's al their average pr.ri'
um Yield the present purchaser lcss thn'
l-2 per cent gold interest. Should they II
rcieeme3 in five years and specie psyR'l
csumcd, they would really pay only I &!
cent or.if in three years, only l.:W
cent, ,,i he prcsen, premiunwould nu
while be sunk
Northern racihc 100. selling pirh
gold interest absolutely for thirty years, fra
from United States i.,. 81, 200 currency
invested now in Usired States EOS win
yield per year in gold say S52 Sl,00Oh
Currency iarcsted nov is Northern Pscife
30's will yield per year in gold 5000. Hsn
is difference in annual income Of ncaTi!
one.thirL, besides 3 Inference Off 10 l0Fr
cent in principal, when bO'h classes ofbci1
ire reiecnri.
THE ROAD NOW BUILDING
Work WAS begun in July las, on the eastern
portion Of the line. avn the money provided
5y the sale to stockholders If some sir mill
Ons Of the Compsry's bonds, 10 build na4
build and equip the road from Lake Superior
across Minnesota TO the led River at Tho
Norib-253 miles The grading on this d. =
vision is now well advanced the iron i bri'
rapidly laid. several thou tand men re Il
work on the linz. and about the frs ddHJ
gNst next this important section OF lie ra"I
with" in full operation. In the meantime
orders have been sent 10 the Pacific COST ~
ihecommenccmrnt Of the work on the wc'''n
end in Early Spring. mud thereafter the w''s
will he pashcd, both eastward and we'tW"il'
with ne much speed as may be consistent VIE 3
'ohdity and wise economy.
RECEIVABLE FOR LANDS
These bonds will be 4, sll times, before n',
mriiy, receivable, at il, in payment ior w 2
mays lands, at their lowest cash Pr's''
BONDS EXCHANGEABLE.-Iti
registered bonds can be exchanged at az
lime for coupons, the coupons for registered
and both these car be exchanged for oih'ii
payable. principa. and interest, at nny ofnt
principal financial centres Of Europe, 10 ~
coin Of the various European countries.
HOW TO GET THEN Your near
er Bank or Banker will supply these Boat