Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1871-03-18
OLYMPIA, SATURDAY MORNING, MAR. IS, 1871
Railroad Bonds.
at our risk.

We would invite the attention Of per-
sons having money to loan to the adver-
tisement of j. B. Montgomery, Esq, of
this town, as the agent of Jay Cook Il Go.
for the sale of the bonds of the Northern
Pacific Railroad Company. The advant-
age of these bonds are their perfect safety,
permancucy, convertibility and profitable
ness. In these respects there are no pub
lie securities which offer greater induce
ment to investment. The security offered
for the final redemption of these bonds is
first lien upon the entire property of the
Company-the railroad and all its appur-
tenances, the lands and all the improve
ments thereon, secured by vested right
which cannot be disturbed or impaired by
legislation, or affected by reputation, like
Government bonds. These bonds are sold
for currency at par and are payable in
gold, principal and interest, which at the
present rates of currency would give over
eight per cent interest upon the invest
mcnt, payable scmi-annually. without tax
alton, attended by no fear of loss, no ex-
peuse of collection, or change of invest
meut. Another advantage of these bonds
Is, that they will at all times be receivable
for lands belonging to the Company at ten
per cent. premium, which is equal to TWEEN
ty per cent. upon their original cost. To
persons saving money to invest in these
lands when the route and points of the
road shall have been determined, this offers
a profitable employment of their money in
the mean time with the certainty Of its
being available when wanted.
Capitalists are few and money in great
demand, at high rates of interest, in this
section. This fact is we'll understood at
the money centres of the East. Hence no
large subscriptions to these bonds is ex-
pected, or would add materially to the
work. But the moral effect of generous
subscription here, under the circumstances,
would be incalculable in establishing the
confidence of capitalists elsewhere in these
securities. Nothing gives money lenders
greater confidence in the security Of any
project than willingness on the part of
those directly interested to risk their own
means in the undertaking. Any man 60
ing to New York or Philadelphia to raise
money to prosecute public or private en-
terprise, can always succeed in procuring
ten dollars for every one he will himself
invest in the same upon like terms. This
is required as an earnest and pledge of
good faith on the part Of the negotiator.
Upon the same principle, every hundred
thousand dollars invested in these bonds
by persons on the line of the road would
induce the sale of millions to capitalists at
. distance. The money paid for these
bonds, not only takes not dollar out of
the country but brings many more into it,
and hastens the completion of the work
upon which our future prosperity depends.
The lender risks nothing, and loses nothing
but perhaps higher rate of interest for
his money for brief period, which will be
more than compensated in subsequent pub
Lie and private benefits.
We learn from the agent that the pros
pect for the sale of these bonds are very
fattering; ten thousand dollars being taken
the first day they we're put on sale in this
town. This will do for starter.