The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1871-02-16

l TOktOtU1N0
istered 300, $500, $1,000 $1,000, and So 900. 1'
With the same entire confidence with which We
commended Government bends to Capitalists and
People, We now after tho fullest Investigation rec
ommend these Northern Pacific bonds to our friends
and the general public.
GOLD PAYMENT.-Both principal and in
terest payable In American Gold Coin. at the Of
fee of Jay Cooke Co., New York City-the princi
pal at the end of so years. and the interest lat the
rate Of seven and three-tenths per cent per annum
half yearly, first January and July.
| PERFECT SAFETY >-The bonds we arc
now selling are sec ured by first and only mortgage
on all the property and rights of the Northern Pa
| cifc Railroad Company, which will embrace on the
| onmplction Of the work:
| l. Over Two Thousand Miles of Road, with roll
ng stock, buildings, and oil other equipments.
! 2. Over Twenty.tw o.Thousaud Acres OF Land to
evry mile Of finished road. This land, agricultural
timbert and mineral, am bunting to than Fifty
Million Acres consists of alternate sections reaching
twerty to folty miles on each side of the track and
extending in broad fertile belt from Wisconsin
through the richest portions of Minnesota Dakota
Montana, Idaho, Oregon and Washington, to Puget
Sound.
Whileth Government does not directly guaran.
tee the bonds of the Road, it thus amply provides
for their full and prompt payment by an unreserved
grant of land the most valuable ever conferred upon
great matte nal Improvement.
| THE MOKTGAGE.-The Trustees under
the Mortgage, are Messrs. Jay Cooke Of Philadelphia
and J. Edgar Thompson, President of the Penpsyl
vahia Central Railroad Company. They will direct.
~ and permanently represent the interests of the
First Mortgage bond holders are uired to sec
that the proceeds the land sales are used in pur.
chasing and canceing the bonds the Company iftbey
be borght maturity at not more than 10
cent premium otherwise the Trustees are to invest
tho proceeds of land sales in United States Bonds
Real Estate Mortgages for the further security Of
Northern Pacific bond holders Also that they have
at all time, their CONTROL as security at least SOC
acres of average land to every $1,000 of outstanding
first mortgage bonds, besides the railroad itself an
| all its equipments and franchises.
| PROFlTABLENESs. course otbine
can be safer than the bonds of the United States,
but as the Government il no longer borrower, and
the Nations present work is not that of preserv
ing its existence but that of Developing Continent
| We remind those Who desire to increase their in
come and obtain more permanent investment
while still having perfectly reliable aecurity that
/ 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 would really
pay only 40 per cent, Or if three years only 81 per
cent. as tho present premium would meanwhile be
sunk.
| Northern Pacific 1905 selling at par in currency
yield the inventor 7so per cent gold interest abso.
lutey for thirty years, free from United States Nar
81 .0currency invested now in United States sos
will yield per year in gold say 5000. $1,000 cur.
rency invested in Northern Pacific 1905 will YIELD
per year in gold 5000. Here is difference il, an.
nua1 income Of nearly onethrd, besides difference
of to 10 per cent in principal when both classes OF
bonds are redeemed
THE ROAD NOW BUILDING.-Work
begun in July last the eastern portion of the
line, and the mone provided, by tho sale to stock
holders of some six millions of the companys bonds
to build and equip the road from Lake Superior across
Minnesota to the Red River of the North-233 miles
The grading on tas division is now WILL advanced.
the it on is being rapidly laid several thousand men
at work on the line land about the first of August
next this important section of the road will be in
full opsrption. In the meantime orders have been
sent to the Pacific coast for the commencement of
the work on the western end in early spring, and
thereafter the work will be pushed, both eastward
and westward, with as much speed as may DO con-
! sistent with solidity and a wise economy.
RECEIVABLE FOR LANDS.-Tb e.e
bonds will be at all times, before maturity, receiy
able, at 10, in payment for the Companys lands A.
their lowest cash price.
BONDS EXCHANGEABLE.-Th 1.-The re cistered
bonds can be exchanged at any time for coupons the
coupons for registered, and both these can be ex
changed for others, payable, principal and interest
at any of the principal financial centers of Europe
in the coin of the various European countries.
HOW TO GET THEM.-- Your nearest
Bank or Banler 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 oar 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 to us by
express, and We will send back Northern Pacific
bonds at our own risk, and without cost to tho in.
weston. For further information, pamphlets, maps,
ETC., call on or address tho undersigned or any of
Banks or Bankers employed to sell this loan
T. G. MCCLURE, Banker,
And BANK OF ST. CLOUD,
Agents. St. Cloud, MINI.
LUNT, PRESTON KEAN.
Bankers, Chicago, General Agents for Minnesota
Wisconsin, Illinois and Northern Indiana.