The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-02-21
NEW 7-3O GOLDL0AN
NORTHERN PACIFIC RAILROD co
sAFEl PROfITABLEl PERMANENT!
JAY COOKE & co.
or THE

Offer for sale Ut par and accrued interest the First
Mortgage Land Grant Gold Bonds of the North.
ern Pacific Railroad Company. They arc free
from United States Tax, aud are issued OF the
following denominations: Coupons 800, $500,
and $1,000; Registered 500, $500, $1,000 5000
and $4,000.
With the same entire confidence with whlchwo
commended Government bonds to Capitalists and
People, we now, after tho fullest investigation,
recommend these Northern Pacific Railroad
bonds 10 our friends aud the general public.
GOLD PAYMENT principal and Intar.
est are payable In American gold coin, at the
office OF Jay Cooke b Co., Now York City--thG
principal NJ the end Of 30 years, and the interest
lat tho rate Of seven and thrce-tenths per cent.
per annnni) hAlfyearly, frst Of January aud July.
PERFECT SiFETY.-Thc bonds we arc now
| selling. nre secured by u fFst and only mortgage
on al the property aud rights Of tho Northern
Pacific Railroad Company, which will embrace
on the completion OF the work:
]. Over Two Thousand Miles Of Road, with
rolling stock, buildings, and all other equip.
ments.
=. Over Twenty-Five Thousand Acres OF Land
to every mile OF finished road. This land, agri
cultural, titnbered and mineral, amounting Ia all
TO moro than Fifty Million Acres, consists OF al.
ternatc sections, reaching twenty to iutty miles
on each side OF tho track. and extending In u
broad fertile belt from Wisconsin through the
richest portions OF Minnesota, Dakota, Montana,
Idaho, Oregon and Washington, 10 Puget Sound.
While the Government does not directly guar.
antce the bonds Of the Road, II thus amply pro.
vIdes Tor their full and prompt payment by All
nnrescryed grant OF land, the most valuable ever
conferred upon great national improvement.
THE MORTGAGE.-Tho Trustees under the
Mortgage, are Messrs. ]. Cooke Of Philadelphia,
and j. Edgar Thomson, President Of the Penn
sylvania Central Railroad Company. They will
directly and permanently represent the Interests
Of the First Mortgage bond holders, aud are re-
qulred to see that tho proceeds Of land SdieS nre
used In purchasing and cdHctiiiHg Ne bORds QfMe
Company II they eau be bought before maturity
at not more than ~ per cent, premium; other
wise the Trustees are TO invest tho proceeds Of
land sales In United States Bonds or Real
Estate Mortgages for tho further security OF
| Northern Pacific bOndhOlders. Also, that they
have Ut all times In their control, security, at
least 800 acres OF average land TO every $1,000 OF
outstanding first mortgage bonds, besides the
railroad itself and all It's equipments aud frai-
| chlscs.
PR0FlTABLHNESS.-O course nothing eau
bo safer than the bonds Of tho United Statct, but
as the Government Ii no longer borrower, And
as tho Nations present work is not that OF pre-.
serving Its existence, but that Of DEVELOPING A
CONTINENT, We remind those who desire TO In.
crease their Income and obtain more permanent
investment, while still having a perfectly rclIa.
bic security, that:
United States 52Os at their average premium
Yield the present purchaser less than ~ per
cont. gold interest Should they be redeemed iu
i've years, and specie payments bO resumed, they
would really pay only ~ per cent, or II In three
years, only w per cont, as tho present premium
| would meanwhile bG snnk
Northern Pacific 1906 selling at par In Currcn.
cy Yield tho investor 1910 per cent gold interest
absolutely for thirty years, free from United
States tar. 81, 100 currency Invested now In Uni.
ted States 5.tO's will yield per year In gold, say
cru Pacific 730s will Yield per year In gold $50 80.
Here Is a difference II annual Income OF nearly
0Hsthtri, besides difference Of TO 10 per cent.
In principal, when both Clnsses Of bonds arc re.
deemed
THE ROAD NOW BUILDING.-wOr was be.
gun In July last on the eastern portion Of the line
and the money provided, by tho sale to stock.
holders Of some six millions OF the. COmpany's
bonds, to build and equip the road from Lake
Superior across Minnesota TO the Red River OF the
| NOrth-Gt3 miles. The grading on this division
s now well advanced, the Iron Ia being rapidly
laid; several thousand men arc ut work on the
| line aud about the hrst or August next this I'm.
portant section OF the road will be- In full opera
| tlOn. In the meantime orders have been sent 10
tho Pacific coast for tho commencement Of the
work on the western end In early Spring, and
thereafter the work will bG pushed, both east.
/ ward and westward with as much speed Rs may
be consistent with sOlldity and Wise economy.
RECBIYA ABLE FOR LANDS THESE bonds will
DO at all times, before maturity, receivable, ut
ii0 In payment for tho COmpAny'S lands, at their
lowest cash price.
BONDS EXCHANGEABIE.-Th registered
bonds can be exchanged Ut any time for coupons,
| tho coupons Tor registered, and both these can
be exchanged FOR others, payable, principal and
interest a. any Of the principal nnanciAl centres
/ cOuntFiea ..I..