Daily national Republican. (Washington City [D.C.]) 1870-1872, 1872-10-28

JAY COOKE & co.

Oher for sale at par accrued interest the
First Mortgage Land Grant Gold Bonds OF thu
Northern Pacific Railroad Company. They arr
free from United States tax, and are Issued OF
the following DENOMINATIONS Coupons, 900,
$500 and $1,000; registered, 400, $500,
$1,000, $4,000 and $4,000.
with the same entire confidence with which We con
msnded Government bonds To Capitalist and peops,W
ow, after the fullest Investigation, recommend tn
Northern Pacific Railroad bonds to our friends and th
general public.
GOLD PAYMENT.
9th principal and tsrost are payable II American
gold coin, at the once OF jay Cooke o., New Yorh
Olytho principal At the end Of " years. and the In
tsreSt lat tho rate Of and threosnths per cont
dor annum) hAlf,yOArly, arst Of January aud July.
PERFEoT sAFETY.-Tho bonds We are now Sc
secured by hrSt and only mortgage on all the
rOpOrty and rights Of the Northern Pacific Railroad
Company. which will embrace on the completion Of th
work!
|. Over Two Thousand Miles Of Road, with rolling
stock buildings, and all other squlpmsnts
q Over Twenty two Thousand Acres Of Land 10 ever
mile Of finished road This land, agricultural, Il
bored and mineral, amounting In all to more than
Fifty Million Acres, consists Of alternate Sections
reaching twenty to forty miles on sAeh side Of the
track, and extending In broad fertile belt from Wis
oonsn through tho richest portions OF Minnesota Da.
kOtA, Montana, Idaho, Oregon, and Washington, to
Puget Sound
while the Government docs not directly guarantee
the bonds Of the oSd 1t thus amply provides for their
fall and prompt payment by an unrssorVod grant Of
land. the most valuable over conferred upon a great
national improvement
THR MORTOAGE.-Tho Trustees under the Mort
gage are hessra Jay Cooke, Of PhllAdelphIA, and J
kdgar Thomson, President Of the Pennsylvania Oen.
trial Railroad Company. They will directly and per
mAnehy represent the interest Of tho First Mortgage
bond holders and required see that the proceed,
Of iaRd sales used In pHTedSiag aad caHesEg the
boHds Of TIE Company u they be bought before ma
turity at not more than 10 per cont premium other
wise the Trustees TO invest the proceeds Of Ian
sales In United States Bonds or Real KstAts Mortgages
o I the further security Of Northern Pacific oqudf
holders, Also. that thOy hAVO at all times in their
CONTROL security, at least bOO Of average land
SVoB SLOW Of outstanding hrst mortgage bonds,
bSados the railroad itself and all it, equipments aud
uTAohlsSL
ROFITABLKNKss.-O course nothing can DO
safer than the bonds Of the United stOs but as the
Government Is no longer a borrower, and tho Ma
lions present work Is not that Of preserving IL OF
lstSnos, but that Of DEVELOPING A CONTINENT. we
remind those who desire to Increase their income and
obtain more permanent inVostmeu while still hAV
lnE perfectly reliable security, that
United States SAYS At the average premium Yield
the present purchaser less than 81 per cont gold In.
terOat Should thoy DO redeemed In I've years, And
specie payments be resumed thsy would really pay only
e. cot or II In thrOs JoAs, only 81 per cent
the present premium would meanwhile DO sunk.
Northern Pacific 7'SO's selling a. par In currency
yield the investor $40 peT cent gold interest Abs0
utOly for thirty years, free from HHiist States tar
sllOO currency invested now In United States avs
will yield per year ia gold say s69 sOO currency 10
tah In . mt ,I.I