The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-01-27
FINANCIAL.
NEW 7-3O GOLDL0AN
or THE l
Northern Pacific Railroad Co.
Secured by First Mortgage on Rail
road and Land Grant.
Safe Profitable! Permanent !!
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 and $1,000: 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 investigation, recommend these
Northern Pacific Railroad bonds TO our
friends and the general public;
GOLD PAYMENT.-Both principal
and interest are payable in American gold
coin, at she office OF jay Cooke Co., New
York City-the principal ut the end OF 80
years, and the interest (at the rate OF seven
and three-tenths per cent. per annum) 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 ana
rights of the Northern Pacific railroad Com
pany, which will embrace on the compile
ton OF the work:
|. over Two Thousand Miles of Road, with
rolling stock, buildings, and all other equip
mcntS.
.. 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, reach
ing twenty 10 forty miles on each side OF
belt from Wisconsin through the richest
portions of Minnesota, Dakota, Montana,
idaho, Oregon and Washington 10 Puget
Sound.
While the Government does not directly
guarantee the bonds Of the road, II thus
amply provides for their full and prompt
payment by an unrcServed grant OF land,
the most valuable ever conferred upon
great national improvement.
THE MORTGAGE.-The Trustees under
81. Tau nj
Philadelphia, and J, Edgar Thompson, Pre-
ident of the Pennsylvania Central Railroad
Company. They will directly and perma-
nently represent the interests of the First
Mortgage bond holders, ann are required To
see that the proceeds Of land sales are used in
purchasing and cdnceling the bonds Of the conf
pdny If they can be bought before maturity
ut not more than 10 per cent. premium;
otherwise the Trustees are to invest the pro-
ceeds of land sales in United States Bonds
or Real Estate Mortgages for the further Sc
curity of Northern Pacific bondholders.
Also, that they have nj all times in their
control, as security, at least 500 acres OF
average land 10 every $1,000 OF outstanding
first mortgage bonds, besides the railroad
itself and ali its equipments and franchises.
PROFITAB LEN ESS.-Of course moth
ing can be safer than the bonds Of the Uni
ted States, but rs the Government is no
longer a borrower. and rs the Nations
present work is not that of preserving its
existence, but that of DEVELOPING CoNTI-
NhNl' We ISIilllu 'IlosS WIN uc>ilc y" III
crease thelr income ana opltln more per
mancnt investment, while still having
perfectly rellaDle security, tnat:
United States 5-20'S at their average pre-
MUM yleld the present purchaser less IMAM
% per cent. gold interest; Should they De
redeemed IN nVe years, ana specie payments
be. resumed, they would really pay only
AZ per cent, or II in three years, only 80
per cent, as the present premium would
meanwhile he sunk.
Northern Pacific 1-30's selling at par In
currency yield the investor $40 per c"nt.
gold interest absolutely for thirty years, free
from United States tar. $1,000 currency in
vested now in United states 5-2Os will yield
per year in gold, say So 90 $1,000 currency
invested now in Northern Pacific 1-:Ds Will
yield per year in gold, O.N. Here is diff
ference IA annual income OF nearly one-thrd,
besides ulilefence OF 10 ~ per cent. III
principal; when Doth classes Oh oohds are
redeemed: ,
hOAn WV boiLDlNH.-
Moik wa negun IN July iast on tlie eits,e ti
pOrilon OF the Ilne, ana tne money proNlu-
ed, by the sale to Stockholders OF some six
hlliiioh OF me coihpanys ponds, 10 ouilu
ana equip the ROAD from Lake superior
across Minnesota TO the Red River OF the
NOrtn-ES miles. Inc grading on the d.
vision is now well advanced, the iron being
rapidly laid several thousand men are at
work on the line, and about the first of Au.
gust next this important section OF the road
orders nave been sent TO the pacihc coast
for the colnnencement OF the work on the
western end in early spring, ana Thereafter
the work Will be pushed, both eastward
hnd westward, WIN as much speed as may
ae consistent with soildlty ana wise
economy:
kEtEiNABLE FOX LASDS.-Ihose
$$:: 81