The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1871-04-13
FINANCIAL
NEW 7-30 GOLD L0AN
OF THE
NORTHERN PACIFIC RAILROAD co.
Secured by First Mortgage on Railroad
and Land Grant.
SAFE. PROFITABLE PERMANENT
A COOKE & CO.

JAY COOKE & CO..
Offer for sale at par and accrued interest
the First Mortgage Land Grant Gold
Bonds of the Northern Pacific Railroad
Company. They are free from United
States Tax, and are issued of the following
denominations Coupons 500, $500,
With the same entire confidence with which we
commended Government bonds TO Capitalists and
People. we now, alter the fullest investigation.
recommend these Northern Pacific Railroad
bonds to our friends aud the general public.
COLL PAY MENT-both principal aud inter
est are payable in American gold coin, at the office
of Jay Cooke & Co., New York City-the principal
at the end of 80 years, and the interest Cst the
rate of seven aid three-tenIhs per cent. per an
PERFECT sAFETY@The bonds we are now
selling, are secured by a 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
/. Over Two Thousand Miles of Road, with
rolling stock, buildings, and all other equipments.
every mile of finished road. This land, agricul-
tural, timbered and mineral, amounting in all TO
more than Fifty Million Acres, consists of alter
nate sections, reaching twenty-five or forty miles
on each side of the track, and extending in a
broad fertile belt from Wisconsin through the
richest portions of Minnesota, Dakota, Montana,
Idaho, Oregon and Washington, to Puget Sound.
While the Government does net directly guar
antee the bonds of the Road, it thus amply pro-
Vides tor their tull and prompt payment by an
unreServed grant OF land, the most valuable ever
conferred upon a great national Improvement.
THE MOkTGAGE.-The Trustees under the
Mortgage, are Messrs. Jay Cooke of PhiladelPhia
and J. Edgar Thomson, President of the Pennsyl-
VRnia Central Railroad Company. They will di-
rectly and permanently represent the interest of
the First Mortgage bondholders, and are required
10 see that the proceeds Of land sales are used in
purchasing and eGReekilHg the bonds Of the Company
if they can be bought before maturity at not
more than 10 per cent. premium; otherwise the
Trustees are to invest tbs proceeds OF land sales
in United States Bonds or Real Estate Mortgages
Il Fnr tho fsnrfhar aaaur5fU nf Nprfharn Pacific EOnN-
holders. Also, that they have at all times in their
control, as security, at least 500 acres of average
land 10 every Sl,U0 Of outstanding FIRST mortgage
bonds, besides the railroad Itself and its equip
ments and franchises.
PROFITABLENESS-of course nothing can
be safer than the bonds OF the United States, but
as the Governments nOloAgera borrower, and as
the Nations present work Is not that OF preserving
its existence, but that OF DEVELOPING a CONTINENT,
we remind those who desire 10 increase their in
| come and obtain a more permanent investment,
while still having perfectly reliable security, that:
United States 530s at their average premium
yield the present purchaser less than So per cent
| gold Interest. Should they be redeemed in FIVE
years and specie payments be resumed, they
wonld really Ray only as per cent, or if in three
years. only 80 per cent, as the present premium
would meanwhile be sunk.
Northern Pacific 1905 selling at par in currency
yield the investor ! 3 10 per cent. gold interest
far. 81, lO0 currency Invested now in United States
5-20's will yield per year in gold, say S62O0 SL.IuS
| currency invested now in Northern Pacific 1895
will yield per year in gold, SsQ,3o.- Here is a din
! erence ia annual income of nearly oae-thiTd, SesideS
| u difference OF Z 10 10 per cent IN principal, Wuen
both classes Of bonds are redeemed
THE ROAD NOW BUILDING.-Work was be-
| gun in July last on the eastern PORTION Of The line
| and the moury provided, by the sale Of stock
] holders OF some six millions of the cOmpany's
bonds, to build and equip the road f0m Lake Su-
/ periOr arros- Minnesota TO the Red River Of the
| North-233 miles. The grading on this division
| is now well advanced, the iron Is being rapidly
laid; several thousand men are IT work on the
I line, and about tn first of August next this i'm
l portant section Of the road VIII be in full opera.
ton. In the meantime orders have been sent 10
! the Pacific coast for the commencement Of the
| work on the western end in early Spring, and
| thereafter the work will be pushed, both cast
ward and westward, with as much speed as may
be consistent with solidity and a wise economy.
| RECEIVABLE FOR L~ANDS.-These hond>
/ Twill be, at all times, before maturity, receivable.
/ at LILO in payment for the CompanY's lands, NJ
4 their JoNestc cash price. 80
| BONDSE EXCHASGEABLE-The registered
| bonds can be exchanged at any time for coupons,
the coupons for registered, and both these can be
1 exchanged for others, payable. principal and i'm
terest, at any of the principal financial centres OF
| Europe, in the coin Of the various European
/ countries.
HOW TO let THEM.-YOur nearest Bank OF
| Banker will supply these bonds In any desired
| amount, and of any needed denomination. Per.
| sons wishing to exchange stocks OF other bonds
for these, can do so with any Of our agents, Rho
| will allow the highest current price 6r hi mark,
| etable securities
Those living in localities remote from banks
may send money OF. ether bonds. directly to Us
by express, and We win send back Northern Pa.
| the investor. For further Information, pam
| phlets, maps. &c call on or address the under
| signed "r amy OF the Banks or Bankers employed
to sell the loan.