The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-04-04
NEW 7-3OG0LDLOAN
NORTHERNPACIFICRAILROA
tSursd BY Flnt Mortgage on RallroId
and Land Grant.
sAfa PROFIrABLEI PERMANENT
JAY COOKE & co.

| srr
oHeF for sale Of par and accrued Interest the FrSt
Mortgage Land Grant Gold Bonds Of tho North.
ern Pacific Railroad Company. They arc ftoO
from United States Tax, aud are issued Of The
following denominations; Coupons 500, 500,
and $l,Oooi Registered 800, $500, $1,000, 5000
and $4,000.
With the same entire confidence with WhIehWo
commended Government bonds TO Capitalists and
People, we now, after tho fullest investigation,
recommend these Northern PaeIac Railroad
bonds 10 our friends and the general public.
GOLD PAYMENT. Both principal and inter.
est are payable In American gold coin, at tho
ONCE Of Jay Cooke b Co., New York Clty-lhe
principal at the end OF 80 years, and the interest
| lat the rate Of seven and three.tenths per cent.
per annun) halfyearly, aFst Of January and July.
PERFECT SlFETY.-The bonds VIC are now
selling, are secured BY hrBt and only mortgage
on Al the property and rights Of the Northern
Pacific Railroad Company, which will embrace
on the completion Of the work:
| J.. Over Two Thousand Miles Of Road, With
rolling stock, buildings, and all other equip
mentB. -,
Z. Over twenty-five Thousand Acres OF Land
to every mile OF finished road. This land, GQTi
cultural, imbefed and mineral, amounting IN all
TO more than Fifty Million Acres, eonsIStS Of a.
tornAte sections, reaching twenty 10 forty miles
on each sido Of tho track, and extending In a
broad fertile belt irom Wisconsin through the
richest portions Of Minnesota, Dakota, Montana,
Idaho, Oregon and Washington, 10 Puget Sound,
While the Government does not directly guar.
Antoe tho bonds Of the Road, II thus amply pro.
yides for their null and prompt payment BY an
unreseEved grant Of land, the most valuable ever
conferred upon great national improvement.
THE MORTGAGE.-The 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 lnterestS
ot the First Mortgage bond holders, and are re-
quired to SEQ that the prOoSC1s Of land SdkGS are
used 10 p4ret tlSiAg and cdHetlliA1 ne b0Rd1 QfkhS
Company II they can be bought bolore maturity
at not more than 10 per cent premium; other.
wise the Trustees are to invest the proceeds Of
land sales In United States Bonds or ROal
Estate Mortgages for the further security Of
Northern Pacific bOnlholdCrs. Also that they
have at all times In their CONTROL as security At
least 800 acres OF average land 10 every $l0O0 OF
outstanding first mortgage bonds, bGsldes the
railroad Itself and all Its equipments and iran-
ehises.
PR0PITABLVNESS.-of course nothing can
be safer than the bonds Of tho United States, but
as the Government ID no longer q borrower and
a. the Nations present work is not that Of pre-.
serving It's existence, but that Of DEyELoPiNO
CONTINENT, We remind those who desIFa TO In.
crease their Income and obtain more permanent
Investment, while still having perfectly rellA.
Bile security, that:
United States 0-9O's at their average premium
yield the present purchastr less than OK per
cent. gold interest. Should they be redeemed IN
i've years, and specie payments DO resumed, they
would really pay only * per cent, or II In three
years, only 3& per cent, as the present premium
would meanwhile be sunk
Northern Pacific 1.SO's selling at par In eurren.
cy yield tho investor 3-iO per cent gold interest
nlAOlQtnfN IT01n
StqIeS tar. 81, 100 currency Invested now In Uni.
ted States 6G0's will yield per year In gold, say
S69,0. 81, 100 currency Invested now In North.
ern Pacific I.S0p will yield per year In gold $50 %.
Hero IL q difference IN annual Income Of nearly
oH0-third besides difference Ot Z to 10 per cent.
In principal, when both classes OF bonds are Ie.
deemed.
THE ROAD NOW BUILDINO.-work was be.
gun In July last on the eastern portion Of the line
and the money provided, by the sale to stock.
holders Of some six millions Of the COmpany's
bonds, 10 build and equip the road from Lake
Superior across Minnesota TO the lied River Of tho
North-233 miles. The grading on this division
ls now well advanced, tho iron is being rapidly
laid; several thousand men arc at work on the
line, and about the drAt OF August next this i'm.
pOCtAnt section Of the road will be In full opera:
ton. In the meantime orders have been sent TO
the Pacific coast for the commencement OF tho
work on the western end In early Spring, and
thereafter the work will DO pushed, both east.
WAEu Nuu NGnkWAIut Win LuuCU hpteu NJ may
be consistent with sOlldIty and Wise economy.
RECEIV ABLE FOR LANDS.-These bonds will
be at all times, before maturity, receivable, At
LILO, in payment for the Conpauy's lands, at thelE
lowest cash price,
BONDS EXCHANGEABLE.-Ths registered
bonds can be exchanged at any time Tor coupons,
the coupons for registered, and both these can
be exchanged for others, payable, principal and
interest, RI any Of the principal financial centres
OF Europe, In the coin Of the various European
Countries.
HOW TO GET THEM.-YouE nearest Bank or
Banker will supply these bonds In any desired
amount and Of any needed denomination. Per.
sons wishing 70 exchange stocks or other bonds
for these, can do 50 with any Of our agents, who
will allow the highest current price for all mar.
ketAble securities
Those living In localities remote from banks,
may send money, or other bonds, directly 10 Us
BY express, and we will send back Northern Pa.
clac bonds At our own risk, and without cost Ia
the Investor. For further Information, pamph.
lets, maps, etc, call on or address the underslgn
ed or any OF the Banks or Bankers employed to
sell this loan.
AFTER careful Investigation have accepted the
General Agency for West Virginia and the ada
cent counties or Pennsylvania and Ohio for the
sale Of these bonds, and confidently recommend
them 10 my customers and Investors generally.
r. cRANcLE,
Jani6eod.w President City Bank.