The democrat. [volume] (Weston, W. Va.) 1868-1874, 1871-03-20
FINANCIAL.
New $50 &oNA hoAN.
oy rIE
NORTHERN PACIFIC Il. r. co.
Secured By first mortgage on railroad and
land grant.
Safe! Pyof~ue / Permanent

the FIRST MhiL hRe IIahu ''eos
Gold BOMBS Of the Northern Pa
cifc Railroad Company.
They are free frum
United States tax
and are issued o: the following denomios-
,ions Coupons SlGO. $500 and Sl0OJs
Registered 500. $500, $1,000. 5000
ami $4,000.
With tho came entire couftence with
which we commented ,isve-nment bonds to
Capitalists an people, We now, alter tho
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 s Co., New
York City, tie principal at the end Of 30
years. and the interest at the rate at seven
and three tenths per cent. per annuml half
yearly. FIRST Of January and July.
PERFECT SAFETY.-ihe bonds 70
arc now selling are secured By first and
only mortgage on all the property and RICH"
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.
2. Over twenty-five thousand Acres OF
Land 10 every mile Of finish ed road. This
land, agricultural. timbered ami mineral.
ams uniing in all 10 more than Fifty Million
! Acres, consists Of alternate sections, reach
ing from twenty 10 forty miles on each side
of the track, and extending in a broad. fer
tile belt from Wisconsin. through the richest
portions of Minnesota, Dakota, Montana Ida
no. Oregon and Washington, to Puget Sound.
While the Government does not directly
guarantee the bonds of tho road, it thus am
PLY provides for their full and prompt Fay
meat by an unreserved grant Of land, the
most valuable ever conferred upon a great
national improvement.
The MORTGAGE The Trustees
under the mortgage are Mesars Jay Cooke Of
Philadelphia and J. Edgar Thompson. Prest-
dent Of the Pennsylvania Central Railroad
Company. They will directly and permanent
" represent the interests OF the First Mort
gage bond holders, and are required to see
that the proreeus of land sales are used In
purchasing and canc.ling the bonds Of the
Company. if'hey can be bought before mata-
riiy ct 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 mortgages for the further security OF
Northern Pacific bondholders. Also that they
have at all times in their control, as security
at least 500 acres of average lsndto every
$1,000 Of outstanding first mortgage bands,
besides the railroad itself. and all its equip
meuts and franchises.
PR0FITABLENESS.-0f cnurse
nothing can be safer than the bonds Of the
United States, but as the & oyernment is 20
lonsera borrower. and the nations present
work is not that Of preserving its existence.
but that ofdeveloping q continent.we remind
those who desire 10 increase their income and
obtain more permanent investment, while
still having perfectly reliable security. that:
United States 5-20's at their average premi-
I'm yield the present purchaser less than
IL per cent gold interest. Should they bo
redeemed in FIVE years and specie payment
resumed, they would really pay only : 3.s
cent, or if in three years. only l-2 per
cent, IS the present premium would mean
while be sunk
Northern Pacific 1905 selling at par!n
currency Weld the investor 3-lO per cent.
gold interest absolutely for thirty years, fres
from United States tax. Sl.l0D currency
invested now in Uuiied States 2Os will
yield peryear in gold say $50. $1,000 in
currency invested now in Northern Pacific
sg's will yield per year in gold 5000. Here
is = difference in annual income of nearly
onc-third, besides difference of Ia 10 FER
cen: in principal, when both classes OF bonds
ire redeemed.
THE ROAD NOW BUILDING
Work wa, begun in July last on the easters
portion Of the line, ann the money provided.
BY the sale to stockholders OF some sir MILL
ons Of the Company's bonds, to build and
build and equip the road from Lake Superior
across MinnesoiS TO the Led River st tho
North-25S miles. The grading on this d.
vision is now well advanced. ihe iron is bsiuS
rapidly laid, several thou sSrd men re at
work on the line. and about the frs Of Au-
CAST next this important section Of the road
will b. 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 Early Spring. and thereafter the w-sS
will be pushed. both eastward and westward.
@iih as much speed as may be consistent with
soliiity and wise economy.
RECEIVABLE FOR LANDS -
These bonds viii be at all times, before ma
turity, receivable, at Ito, in payment for the
'ompany's lands, at their loves, cash prices
BONDS EXCHANGEABLE.-Ths
registered bonds can be exchanged a. any
time for coupons, TIE coupons for registered,
and both these car be exchanged for Others,
payable, principal and interest, at 'ny ot:h.
principal financial centres Of Europe, in the
coin Of the various European countries
HOW TO GET THEM --Ysxr rt,r-
est Bank or Banker viii supply these Bonds
in any desired amount. and of any needed de.
nomination. Pers,ns wishing 10 exchange
stocks or other hhndI for these can do 70
with any Of our agents. who will sllOw tie
highest euIrent price for NIL marketable fecu-
rites