The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1871-03-09
JAY COOKIE 81 GO.

JAY COOKIE 81 CO.
Offer for sale at par and accrued interest
of the Northern Pacific Railroad Compa-
ny. They are free from United States Tax,
nations: Coupons ~ 100 $500, and 81 600;
Registered 500, $500, $1,000, $4,000
and $4,000.
With the same entire confidence with which
we commended Government bonds to Capitalists
and People, we now, after the fullest inyestiga-
tion, recommend these Northern Pacific Rail
road bonds to our friends and the general pub
lie.
GOLD DPAYMENT-Both principal and in
terest are payable in American gold coin, at the
office of Jay Cooke 81 Co., New York City-the
principal at the end of 80 years. and the interest
tat the rate OF seven and three -tenths per cent.
per annuml half-yearly. first of January and
July.
PERFECT SAFETY.-The bonds we are now
selling, are secured by first and only mortgage
on all the property and rights of the Northern
Pacific Railroad Company, which will embrace
ON the completion of the work:
l. Over Two Thousand Miles of Road, with
rolling stock, buildings, and all other equip
ments. .a--0f 4
2. Over Twenty y-two Thousand Acres of Land
to every mile of finished road. Thls land, agri-
cultural, timbered and mineral. amounting in
all to more than Fifty Million Acres, consists of
alternate sections, reaching twenty to forty
miles on each side of the track, and extending
in a broad fertile belt from Wisconsin through
the richest portions of Minnesota, Dakota, Mon
tana, 1daho, oregon and w ashin gton, to Puget
Sound. $50 B
While the Government does not directly guar
antee the bonds of the Road, it thus amply pro-
yides for their fail and prompt payment by an
unrtseryed grant OF land, the most valuable ev-
er conferred upon great national improve
ment.
THE NIORTG AGE.-The Trustees under the
Mortgage, are Messrs. Jay cooke of Philadel-
pha and j. Edgar Thomson, PresidenJ OF the
Pennsylva Tia Central Railroad Company. They
will directly and permanently represent the in
terests of the First Mortgage bond holders, and
are required TO see that the proceeds ofLand
sales are used in 2'D1ch0sin0 and caRcclkfn0 the
bonds Of the Company II they can be boughG be-
fore maturity AT not more than 10 per cent pre-
mium; otherwise the Trustees are to invest tha
proceeds of land sales in United States Bonds
or Real Estate Mortgages for the further secu-
rity OF Northern Pacific bondholders. Also that
they nave at all Tunes in their control as seen
rity at least 500 acres of average land to every
81 600 of outstanding first mortgage bonds he
SIDES tne railroad itself and all its equipments
PRoFIrABLENEss.-o cour4e nothing can
be safer than the bonds of the United States, but
as the government is no longer a borrower and
as the Nations present work is not that of pre-
serving its existence, but that of DEVELoPrNG A
CONTINENT, we remind those who desire to in
crease their income and obtain a more perma-
ment investment, while still having q pe1.fectlv
reliable security, that: Q = z
United States 5-20's at their average premium
cent: gold interest Should they be redeemed in
would really pay only AZ pei cent. or if in
tnree years, Only IL per cent, as the present
premium WOulQ meanwhile be SDnk
:. Northern Pacific 7-3O's selling at par in cur
rency yield the investor 3-10 per cent gold in
terest absolutely for thirty years free frosa Usli
United States 5-a0's will Yield per Wear in gold a
say $62. 90. $I,1G0 currency invested now in
Northern Pacific T-30s viii, weld per wear in
gold, 5000. Here is difference IN aadNgI in
come Of nearly one-aiy'd, besides adifference of
9 70 ~ per cent. IN principal, when both classes
THE ROAD NOW BUILDING.-Work was
negun IN July last on the eastern portion of the
stockholders of some Six millions of the Gonna.
ny's bonds, to build and equip the road from
Lake superior across Minnesota to the Red Riv-
er-of the North-233 miles. The grading on this
division is now well advanced the iron is being
rapidly laid; several thousand men are at work
on the line, and about the first of August next
this important section of the road will be in full
operation. In the meantime orders have been
sent to the PacIiic coast for the commencement
OIL tne Work on the western end in early Spring
and thereafter the work will be pushed both
eastward and westward, with as muchlsDeed as
may be consistent with solidity and wise econ
KECEIvABLE FOR LANDS-These bonds
VIII be at all Tunes. before maturity. receivable
at 10, in payment for the Company's lands AT
their lowest cash price.
BONDS EXCHANGEABLE-Th registered
bonds can be exchanged at any time for coupons
the couponsfor registered, and both these can
be exchanged for others, payable principal and
interest 3; any OF the principal financial CEN
Tres OF EUROPE IN the coin of the various Euro
pean countries.
HOW 10 GET THEM.-Your nearest Bank
or Banker will supply these bonds in any de-
sired amount, and of any needed denomination.
Persons wishing to exchange stocks or other
bonds for these, can do so with any of our
agents, who viii allow the highest current price
for all marketable securities. ,.estzt
Those living in localities remote from banks.
may send money, or other bonds directly to us
by express, and we will send back Northern Pa
cifc bonds at our own risk, and without cost TO
the investor. For further information, pam
phlets, maps, etc. cali on or address the under
signed, or any of the Banks or Bankers, en-
ployed to sell this loan.
: u. y. PAINTER, Boseker,