Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1871-03-18
BUmDINa MOVING
FIN ANCIAL |
NEW 7-3O GOLD LOAN,
OF THE
NORTHERN PACIFIC RAILROAD co,
Secured BY Fvrsf Mortgage on RoRroad and Land
Gyan{
AFEi PnOTIrAaDEi PERMANENTLY
J0V C0oNc Dc CO.,

J0V COORc &c Co.,
OFFllR for sale mt par and accrued
Interest the First Mortgage Land Grant Gold Bonds of
the Northern Pacific lailroad Company They are free
from United states Tax, aud are issncd Of the following
G9m9mn a ton; Coupons 500 $5og S,lOOG Registered
with the same entire confidence viii which com.
mfndcd Government bonds to Capitalists and People,
we after the fullest invesg recommend these
Northern Pacific Raroad bonds to our friends and the
Gold Payment.-Both principal and interest are
y payable IN IN Americ9n M gold co at the ofcs Of Jay
Of 30 years and the interest at the seven and
three tent per cent per annum) hafyeary ars Of jan
Perfee! SaGety.-The bonds we are now selling
are secured by first and only mortgage on all the prop
ny, which will embrace the completion Of the work
/. Over Two Thousand Niles Of Road with rolling
stock, buildings and all other equipments.
9 Over Twenty-Five Thousand Acres of Land 10 every
mile Of finished road. This land agricultural timbered
and mineral, amounting in all to more than Fifty Mill
twenty TO forty miles each side of the track and ex
tending in broad fertile belt from Wisconsin through
the richest portion of Minnesota. Dakota Montana Ida
no. Oregon and Washington, to Puget Sound
While the Government does not directly guarantee tho
bonds oi the Road 1t thus amply provides for their full
and romptpayment by ureserved right Of land the
most valuable ever conferred upon great nationalim
The Mortgage.-The Trustees under the Mort
gage 81 MassFs Jay Cooke of Philadelphia and j. ia
Railroad Go. They will directly and permanently repre-
seat the interests of the First Mortgage bond holders
are used IN purchasing and canceng the bonds of the
Company If they can be bought before maturity not
more tan ~ percent premium; otherwise the Trustees
are to nyest the proceeaes Of land sales in u s. Bonds
Northern Pacific bond-hoders Also that they have at
all times in their CONTROL security at least 500 acres
of average lapato every 81 600 of outstanding mort
gage bonds besides the railroad itself and ali its eouip
vents and franchises.
Profitable uess.-Of course nothing can be safer
an the bonds Of the United States but the Govern
ment Is no longer borrower. and the Nations pres
work is not that of preserving its existence but that
OF DEVELOPING CONTINENT, we remind those who
sire to increase their income and obtain more perma
nent inves. while sr having perfectly reiis.
bic security, that:
United States 5sos at their average premium yield the
ma less than 81 per cent gold interest
men men's be resumed sum, they would really paw only AZ per
premium would meanwhile be sunk.
Northern Pacific 1905 selling at par in currency yield
the investor $40 cent gold interest absolutely
rency invested now in United States 52O's will yield per
In Goa Pscsy Gsy & SOo M s% INVESTED in
Here Is difference Of to 10 per cent in princip6
both classes OF bonds redeemed.
The Road now Building.-Work was begun
IN July last on the eastern portion of the line, and the
money prosded by the ale to stockholders Of some six
road from Lake Superior across Minnesota the Red
River of the Worthless miles The grading on this di-
vision Is well advanced the iron being rapidly laid;
several thousad men are at work the line and about
road will be in full operation In the meantime orders
have been sent to the Pacific for the commence
ment Of the work the western end in early Spring.
and thereafter the work will be pushed, both eastward
and westward with much speed may be consistent
with solidity and n wise economy
Receivable for Lands.-These bonds will be at
all times, before maturity receivable at 110 in pay
price.
Bonds ENchangeable.-The registerad honds
can tie exehang at any time for coupons. the ooaons
for registered and both these be exchanged for 9TH
ers. payable principal and interest any the prnci
pal financial centres of Europe in the coin of the vari
ous European countries.
HOW TO get thens,-Your nearest Bank OF Bank
er will supply these bonds in any desired amount and
OF any needed denomination Persons Wishing to sY-
change stock other hondsor these can osoiih any
OF our agents. WHO will sllOw the highest price
for marketable securities.
Those living in localities remote from banks may
send money. other bonds directly by express
and Will send back Northern Pacific bonds at our own
risk and without cost to investors. For further inform
alton. ppmpets, maps, etc. call address the un-
dersgned or any of the Banks Bankers employed to
sell this l0un.
J Y. PAINTER, Banker,
CyeCelund.
| GENERAL ACT. FOR NORTHERN OHIO,
FOR sale I'm. A sh tai hula, County by, g
Farmers National Bank. Ashtabula.
First National Bank, Jefferson
Savings and Loan Association, Jefferson.
First National Bank Geneva -t