The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-02-06
FINANCIAL.
New 7-S0 GoEA AooM.
,.r or TIL.
NORTHERN PACIFIC Z. Il. Coz
Secured by FIRST mortgage on railroad and
land giant. E'-- tf7
Safe ! I'rotitaJ!e ! Permanent
JAY COOKE & co
r.5 JAY COOKE & co.
Offer for sale at par and accrued interest
the First MOrtaage Land Grant
Gold Bonds Of the Northern Pa

S'aS N'"''''ah YUM
They are free from -.is 1l.r
United States tax
and are issued of the following, dcnomina-
lions Coupons 500, $500 and $1,000:
Registered SlO0, $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 investigation, recommend these Nor.
thern Pacific Railroad bonds TO our friends
and the general public.
GOLD PAYMENT Both principal
and interest are payable in American gold
coin, at the office of Jay. Cooke & Co., New
York City, TIE principal at tho end of 80
years. and the iuterest lat the rate af seven
and three tenths per cent. per annun1 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
ofthe Northern Pacific Railroad Company,
which will embrace on tie completion Of the
work:
!. Over Two Thousand Miles of Road,
with rolling-stock, buildings, and al. other
equipments.
.. Over T~cnty-Two thousand Acres Of
Land TO every mile of finished road This
land, agricultural. timbered and mineral.
amounting in ALT more than Fifty Million
Acres, consists Of alternate sections, reach
ing from twenty TO forty miles on each side
of the track, and extending in broad fer
tile belt from Wisconsin, through the richest
portions of Minnesota, Dakota. Montana. Ida
he, Oregon and Washington, to Puget Sound.
While the Government docs moi directly
guarantee the bonds Of The road, it thus am
ply provides for their full and prompt lay.
ment by an unreservcd grant Of land, the
most valuable ever conferred upon great
national Improvement. 90
THE MORTGAGE The Trustees
under the mortgage are Messrs. Jay Cooke of
Philadelphia and J. Edgar Thompson. Presi-
dent Of the Pennsylvania Central Railroad
Company. They will directly and perinauelt-
ly represent the interests of the Firs. Mort
gage bond holders, aud nre required to SEQ
that the proceeds of land sales are used in
purchasing and canc.lling the bonds Of the
Company, ifihey can be bought before matn.
riiy at not more than 10 per cent premium
otherwise the Trustees are to invest the pro.
ceeds ofland sales in United States Bonds or
real mortgages for the further security Of
Northern Pacific bondholders. Also that they
have ut Ill times in their control, as security
Mt least 500 acres of average landto every
$1,000 Of outstanding first mortgage bonds.
besides the railroad itself, and all its equip
ments and franchises, % rg
PROFITABLENESs.-Of course
nothing can be safer than the bonds of the
United States, but rs the G ovcrnnent is no
longer borrower, and the nations present
work is not that OF preserving its existence,
but that Of developing n continent, we remind
those who desire to increase their income and
obtain more permanent investment, while
still having perfectly reliable security. that:
United States 5-20's at their average premi-
nm yield the present purchaser less than 5
IL per cent gold interest. Should they be
redeemed in five years and specie payment
resumed, they would really pay only S.s
cent. or il in three years. only 6 IL per
cent, rs the present premium would mean
willie be sunk .T.aH's --
Northern Pacific 1905 selling at par in
currency yield the investor a-l0 per cent.
gold interest absolutely for thirty years, free
from United States tax. 81, 100 currency
Invested now IN United States S eos will
yield PER year in gold say s52 $1,000 in
currency invested now in Northern Pacific
SO's will yield per year in gold $50 30. Here
is dffsrcnce in annual income of nearly
cne-third, besides difference off to 10 per
cent in principal, when both classes Of bonds
tre redeemed. r, -r.#.r-- asa7lT
THE ROAD NOW BUILDING
Work was begun in July last on the eastern
portion Of the line, ann the money provided.
BY the sale to stockholders of some six MILL
Ons of the Compauy's bonds, to build and
build and equip the road from Lake Superior
across Minnesota to the Red River Mt the
North-2GS miles. The grading on this di.
vision is now we'll advanced. the iron is b,inr
rapidly laid, several thousand men are a /
work on the line, and about the frs of Au-
gust next this important section of the road
will be in full operation. In the meantime.
orders have been sent to the Pacific coast for
the commencement Of the work on the western
end in carly Spring, and lllerca fter the work
will be pushed, both eastward and westward.
with as much speed as maybe consistent with
solidity and wise economy.
RECEIVABLE FOR LANDS
These bonds will be nt all times, before ma
turiy, receivable, at 10. in payment for the
Company's lands. at their lowest cash prices Z
BONDS Observation-Disclosures
registered bonds can be exchanged Mt any
time for coupons, the coupons for registered.
and both these can be exchanged for others,
payable, principal and interest, at sny Of the
principal financial centres of Europe, in the
coin of the various European countries.
HOW TO GET THEM Your near
est Bank or Banker will supply these Bonds
in any desired amount. and Of any needed de-
nomination. Persons wishing to exchange
stocks or other bonds for these can do so
with any of our agents, who will allow fRe
highest current price for all marketable secu-
rites. Il r# r..
Those living in localities remote from banks
my send money or other bonds directly To
us by express. and NC wi send back North.
ern Paciic bonds AT our own risk, and with.
out cost 10 the investor. For further inform
alton, pamphlets, maps, etc., call on ar ad.
dress tho undersigned, or any Of the Banks
or Bankers employed 20 sell this lonn.
Aftcr thorugli Investigation | have accept
cd the general agency Tor West Virginia and
the nljtceHt cpantie4 Of Pennsylvania a-d
Ohio for the .alc Of 'hrsc honds, and conf.
dcntiy recommend them A., SIS mil PR ifa.
bic Investment. K. i!EANGLE,