The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1871-02-23
FINANCIAL.
NEW 7-3O GOLn LOAN
OF THg
NORTHERN PACIFIC RAILROAD m
SECURED BY FIRST MORTGAGE ON RAnanIa
AND LAND GRANT. ~'S"'
sAFEi PRoFITABLEi PERMANENTi
LAY COOKIE e. C0

0"4 Z |AAz . ".
Offer for sale at par aud accrued interest N.
First Mortgage Land Grant Gold Bonds Of IN
Northern Pacific Railroad Company. Thev
are free from United States Tax. and are issnsd
Of the following den. minations; Coupons 4ifs1
$500. and 81 600: Registered Sl00, $500 q
OU0. 5000 and $4,000.
With the same entire confidence with vbi.h
we commended Government bonds 70 Capital.
lists and People, we now, after the fullest in.
vestigaiion. recommend these Northern Pa,
cifc Railroad bonds to our friends aud ths
general public
GOLD PAYMENT.-Bothp principal and
interest are payable in American gold coin, al
tho office Of Jay Cooke d Co, New York Civ
the principal at the end Of 30 years, and
the interest at the rate Of seven three tenths
per cent, per annum) half-yearly, first Of Jan.
uary aud 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 Che work:
!. Over Two Thousand Miles Of hoad with
rolling stock, buildings, and all other equip.
ments
9; Over twenty-five Thousand Acres OF
Land to every mile OF finished road. This
land, agricultural, 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 broad fertile belt from
Wisconsin through the richest portions Of Min.
nesota, Dakota, Montana, idaho, Oregon aud
Washington to Puget Sound
While the Government does not guarantees
the bonds Of the Road, 1t thus amply provides
for their full AMI prompt payment by an unre.
served grant OF land, the most valuable ever
conferred upon great national Improvement.
THEMoKrG ,GE.-The Trustees under
the Mortgage. are Messrl Jay Cooke. Of Phil.
adelphia, and ]. Edgar Thomson, President Of
the Pennsy lvanin Central Railroad Company.
They will directly and permanently rrpres4n.
the interests ofthe First Mortgage nond hold
ers, nnd are require TO see that the procehis Of
Ldnd sdLes ar. used in purchasing and canesllisy
tie bonds Of tie COnpanyif they can be bought
before maturity at not more than ~ rer cent
premium; otherwise the Trustees are to invest
The proceeds OF land sales IN United States
Bonds or Real Estate Mortgages forthe further
security of Northern pacific bondhulders.--
Also, that they have ii al tunes in their coli.
troll, rs Sc, uri,y. a, least 500 acres ot average
laud 10 every 81 600 Of outstanding FIRST tuorl
gage bonds besidts, tlr railroad itself and all
it's equipments and franchises
PHOftI \ BEEN LESS. OF course nothing
eau he safer than the bonds Of the Unite'i
States. but as the Government is no lUmgera
borrower. aud the Nations present work is MT
that Of preserving its existence. hut that Of OF
vELUPING a CONTINENT, we remind those who de
sire to increase their income aud Obtain more
permanent investment, while still having
perfectly reliable security, that:
United States SOUS at their average premi.
um yield the present purchaser less than 81
per cent gold interest Should they be IL.
deemed. in FIVE years, and specie payments be
resumed, they would really pay only AZ per
cent or il in three years, az per &c ut. as the
present premium would meanwhile be sunk.
Northern Pacific 1856 selling At par in cur
rcncy yield the investor $40 prr cent gold
interest absolutely for thirty years, free from
United State. tar 81 900 currency Invested
now in Northern Pacific 3n's will yield pr
year in geld. s. 30 Here is difference N
annual income Of u.arly one third, besides
difference Oft 10 10 per cent, in principal,
when bonds are rede' med.
THE ROAD NOW BUILDING Work
was begun in July last on the eastern portion
Of the line, and the money provided. by the
sale 10 stockholders Of some six millions Of Tho
Companys bonds, TO build and equip the road
from Lake superior across the Red River Of
the North-2s3 miles. The erading on this d.
vision is now well advanced. the iron is being
rapidly Ibid; several thousand men are At work
on his line, aud about the firstof August next
this important SECTION Of The road will be IN
full operation. In the meantime orders have
been sent 10 The Pacific coast for the comenre
ment Of the work on the western end in early
spring, aud thereafter the work will be push
1 much sneed as NAV be consistent with solidity
and A wise economy.