The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-03-13
FlNANCIA AL.
Mew 40 Cola loon.
go ot ~"
.iORTHERN PACIFIC r. r. co.
Secured By FIRST mortgage on railroad aud
land grant.
SgJs : PreimUe I Permanent
JAY COOKE & co.

JAY COOKE s co.
Offer for sale at par and accrued interrs:
the First Mort age Laud Graz.
Gold Ronis Of the Northern Pa
oikc Railroad. Company.
They are free from
United States tax
ami are issued Of the following lenomiaa-
tions Coupons sl00. $500 and $1,000:
Registered SlOo. $500, $1,000, $4,000
and $4,000. 80
With the same entire confidence with
which We commended Government bonds 10
Capitalists and people, We now, after tho
fuiles, investigation, recommend these Nor
thcrn Pacific Railroad bonds 10 our friends
and the general public.
GOLD PAYMENT-Both principal
and interest are payable in American gold
coin, a: the Office of jay Cooke / Co., Now
York City, lie principal at the end Of 30
years. and the interest at the rate af seven
and three ten;hs per cent. per annuml half
yearly. first Of January and July.
PERFECT SAFETY The bonds We
are now selling ara secured BY frst and
only mortgage on all the pI operty and rights
ofthe Northern Pacific Railroad Ca~r-ry.
which will embrace On tho-sompletion OF the
work: ...r
}. over Two thousand Miles Of Road.
with roling.stock, buildings, and oil other
equipments. h, aa-. T
2. Over twenty-five Thousand Acres Of
Land 10 every mile of finish cd road. This
land. agricultural. ,imbered and mineral,
amounting in all TO more than Fifty Million
Acres, consists o: alternate sections, reach
ing from twenty 10 forty miles on each side
Of the track, and extending in a broad, for
tile belt from Wisconsin, through tho richest
portions of Minnesota. Dakota. Montana Ida
no. Oregon and Washington, to Puget SQUAD.
While the Government does not directly
guarantee the bonds Of The ro,d, it thus am
ply provides for their full and prompt Fay
neat by an unreserved grant Of land, the
mort valuable ever conferred upon great
national Improvement. .-i'
THE MORTGAGE The Trustees
under the mortgage are Messrs. Jay Cooke OF
Philadelphia and J Edgar Thompson. Presi-
Company. They viii directly and permanent
" represent the interests OF the First Mort
gage bond holtlcrs, and are required to see
that the proceeds Of land sales are used in
purchasing and cnnceling the bonds Of tho
Company. if.hey can be bought before matu-
rity at not more than 10 per cent premium
otherwise he Trustees are to invest the pro-
eeeds of land sales in United States Bonds or
real mortgages for the further security Of
Northern Pacific boniholders. Also that they
have at al times in their control, as security
at least 500 acres Of average landto every
$1,000 Of outstanding first mortgage bonds,
besidcs the railroad itself, and all its equip
ments and franchises.
PROFITABLENESS.-Of course
nothing can be safer than the bonds Of the
United States. hut rs the G overnment is no
longera borrower. and the nations present
work is not that Of preserving its existence.
but that ofdeveloping continent, we remind
those who desire to increase their incoms and
obtain more permanent Investment, whilo
still having perfectly reliable security, that:
United States SOS at their average premi-
i'm yield the present purchaser less than 5
IL per cen: gold interest. Should they be
redeemed in Ave years ands specie payment
resumed, they would really pay only 4 3s
cent, or il in three years, only BIZ per
cent, astbe present premium would mean.
while be sunk. &c.
Northern Pacific 1905 selling Al par In
currency yieldih investor $40 per cent.
gold interest absolutely for thirty yerrs, freq
from United States tax. 81. 100 currency
Invested now in Uui,cd States 20s will
yield per year in gold say $50. $1,000 in
currency invested now in Northern Pacific I
3o's will yield per year in gold SSl.3G. Here
is difference in annual income Of nearly
one-thirl, besides a difference off to 10 FER
cent in principal, when both classes OF bonds
ne redcemel.
THE ROAD NOW BUILDING
Work WAS begun In July last on the eastern
portion Of the line ann he money provided,
BY the sale to stockholders Of somc sir milli-
ons Of the Company's bonds. to build and
build aud equip the road from Lake Superior
across Minnesota TO the Red River ut the
Nor;h--233 miles The grading on this di-
vision is nov well advanced the iron is being
rapidly laid. scver,l thou shrd men re ut
work on the line, and about the frs Of Au-
gnst next this important section, Of the road
will be in full operation. In the meantime.
orders have been sent to the Pacific coast for
the c1mmencentn, Of the work on the western
end in Early Spring, and thereafter the wsrk
will be pushed, both eastward and westward,
with ns much speed as may be consistent with
soidity and wise econo,ur.
RECEIVABLE FOR LANDS -
These BOMBS will be at Ill limes, hcfors ma
,urity, receivable, at lilo. in p,ync for ,ha
1mpanys lands, at their lowest cash prices.
BONDS EXCHANGEABtE. Tho
'egislerel boEds can be exchanged at any
lime for coupons, the coupons for registered,
and both these can be exchanged for others,
payable, principal and interest, at cay Of thu
principal financial centres of Europe, in the
coin of the various European countries.
HOW TO GET THEM Your near
t,tsank or Rsnfer will supply these Bonds
in any desired amount. and OF any needed de-
scm nation. Persons wishing to exchange
stocks Sr other bonds for these can do so
with any Of our agents. who will allow tha
highest current price for all marketable seeu-
rites.
Those living in localities rem o;e from banks
mry send money or other bonds directly 10
US hy express, aud We wi | send back North.
erR Pacihc bondsat our own risk, and With
out cost 10 the investor. For further inform
ation. pamphlets, mars. etc., call on ar nd.
dress the undersigned, or any Of the Banks
or Bankers employed to sell this loan.
hft0r thorugh investigation have acospt-
cd 1he general agency for West Virginia aud
h ID Of atl .Nta aal