New national era. [volume] (Washington, D.C.) 1870-1874, 1871-11-30
NEW 7-3O GOLD LOAN
or THE
f0rthern Pacific Railroad Co.,
Secured By First Mortgage on Railroad and
Land Grant
Safe! Profitable ! Permanent !
JAY COOKE g. co,

lber for sale at par and accrued interest the
slrSt Mortgage Land Grant Gold Bonds of the
Northern Pacific Railroad Company They are
Tee nom United States Tax, and are issued OF
ne following denominations Coupons, 500,
Zoo sS9V, ana 900 Registered, 500, $500 81,
NV, $1,000, and $4,000.
win the same entire confidence with which
We commended Government bonds to capitalists
ana people, we now, after tho fullest investiga-
lon, recommend these Northern Pacific Rail.
road bonds to our friends and the general public.
1oLD PA1MENT.-Both principal and in
.eces' are payable IN American gold CON- at the
once OF jay Cooke Il Co., New York City-the
principal at the end of thirty years, and the in
crest lat the rate of $40 per cent perannum)
aaIt yearly, LIST of January and July
fEkrECT SAFETY.-The bonds we are
aow seiing are secured by first and only mort
gage on al the property and rights of the North
ern Pacific Railroad Company. which will orr.
brace on the completion of the work
l. Over two thousand miles of road. with
rolling stock, buildings, and all other equip
nents.
2 Over twenty-five thousand acres of land to
svery mile of finished road. This land, agricul.
tural, umbered, and mineral, amounting in all
to more than fifty million acres, consists of al.
'ernate sections, reaching twenty to forty miles
on each side OF the track, and extending in n
broad fertile belt from Wisconsin through the
rchest portions of Minnesota, Dakota, Montana,
Idaho, Oregon, and Washington to Puget
sound
While the Government does not drectIv
guarantee the bonds of the road, il thus ampIy
provides for their full and prompt payment by
An unreseryed grant of land, the most valuable
nent.
THE MORTGAGE.-The Trustees under the
mortgage, are Messrs. Jay Cooke, of Phiadel.
ghia, and j. Edgar Thompson, President of the
Pennsylvania Central Railroad Company. They
Will directly and permanently represent the in
'erests of the first mortgage bondholders, and
are required to see that the proceeds of land
sales are used in purchasing and canceling the
bonds OF the company if they can be bought
before maturity at not more than 10 per cent
premium; otherwise the trustees are 10 invest
The proceeds of land sales in United States
bonds or real estate mortgages for the further
security of Northern Pacific bondholders
Also, that they have at all times in Their con.
rol, as security, at least 500 acres of average
and to every $1,000 of outstanding first mort,
gage bonds, besides the railroad itself and all
ts equipments and franchises.
PROFITABLENESS.-O course nothing
AN be safer than the bonds of the United States,
out as the Government is no lenger borrower,
and as the nations present work is not that of
preserving its existence, but that of developing
continent, we remind those who desire TO in
,rease their income and obtain a more perma-
lent investment, while still having perfectly
-eiable security, that
United StaIes 520's at their average premium
yield the present purchaser less than 81 per cent.
gold interest. Should they be redeemed in five
years, and specie payments be resumed, they
would really pay only AZ per cent, or if in three
years, only 81 per cent, as the present pre-
MUM would meanwhile be sunk.
Northern Pacific 1905 selling at par in cur
-ency yield the investor $40 per cent gold
interest absolutely for thirty years, free from
United States tax. Sl,l0O currency invested
nOw in United States 20s will yield per year
in gold say S62. SLIGO currency invested now
IN Northern Pacific 1905 will yield per year in
gold $50. 80. Here is difference In annual in.
come of nearly one-third, besides a difference
Of 10 10 per cent. in principal, when both
classes of bonds are redeemed.
RECEIVABLE FOR LANDS.-These bonds
will be at all times, before maturity, receivable
Vt 10 in payment for the conpany's lands, at
heir lowest cash price.
BONDS EXCHANGEABLE.-Th registered
bonds can be exchanged at any time tor cou-
oons, the coupons for registered, and both these
IAN be exchanged for others, payable, principal
and interest, at any of the principal financial
centres of Europe, in the coin Of the various
European countries.
HOW TO GET THEM.-Your nearest bank
Or banker will supply these bonds in any desired
amount, and of any needed denomination. Per
sons wishing TO exchange stocks or other bonds
;or these can do so with any of our agents. who
will allow the highestcurrent price forall market
able securities.
Those living in localities remote from banks
nay send money, or other bonds directly 10 US
by express, and we will send back Northern Pa
cihc bonds at our own risk, without cost TO the
investor. For further information, pamphlets,
maps, &C., call on or address the undersigned,
Or any of the banks or bankers employed to sell
this loan.
For sale by
JAY COOKE & CO,
Fiscal agents Northern Pacific Railroad CO.,
FIRST NATIONAL BANK,
And the principal b; nls and Bankers in the city.
e. Book AND JOB PRINTING Of every de-
at