National Republican. (Washington City (D.C.)) 1872-1888, 1872-12-14
New 7-3O Gold Loan
OF THE
n ORTHE I'm TACTIC RAILROAD co
Secured by First Mortgage on Railroad and
Land Grant.
sAFRI PROFITABLRI PERMANENT!
sAFRI PROFITABLEi PERMANENT!
JAY COOKE & co.

JAY COOKE & co.
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They are free from United states tax, and
are issued ofthe following determinations
Coupons, 500, $500 ind $1,000, regis
tered, 800, $500, $1,000, $1,000 and
$4,000.
with the same entire confidence with which we
commended Government bonds to Capitalists and
people, We now, after the fullest investigation 70
commend the Northern Pacific Railroad bonds to our
lends and the general public.
GOLD PAYMENT.
Doth IHingipai intrryst pay allie la
can gold coin, at the once Of Jay Cooke Co, New
York City-the principal Al the end Of % years. and
the interest lat the rate Of seven and three tenths Per
cent per Annum) hAlfyeariy. hrst Of January and
July.
PERFECT sAFETY.-Tbe bonds we are now sell
ing are secured by nrst and only mortgage on all
the property and rihts Of the Northern Pacific Rail
road Company, which will embrace on the compile
ton Of the work;
/. over Two Thousand Miles Of Road, with rolling
stock, buildings. and ell other equipments.
Over Twenty-Five thousand Acres Of Land
every mile Of hhished road This land, agricultural,
hmbeTed and mineral, amounting in all to more than
Fifty Million Acres consists Of alternate sections
reaching twenty TO forty miles on each side Of the
track, and extending in broad fertile belt from
Wisconsin through the richest portions OF Mime
sofa, Dakota, Montana, Idaho, Oregon. and Wash
lnRtOn, to Puget Sound.
While the Government does not directly guarantee
the bonds OF the Road, II thus amply provides for
their full and prompt payment by an unreaerVed
grant Of land, the most valuable ever conferred upon
great national Improvement
THE MORTGAGE. - The Trustees under the
Mortgage are MeaarH Jay Cooke, Of Philadelphia,
and ]. Edgar Thompson, President OF the PennAyl
VaniA Central Railroad Company They viii di
recy and permanently represent tho interest OF the
First Mortgage bondholdera, and are required TO
sec that the prOos d Of IaHd saIs Are used in pur
chasing AID eaSssliHg hs boRds II hs COmPaHy II
they can be bought before maturity at not more
| than per cent premium; Otherwise the Trustees
Ars 70 invest the proceeds Of the land sales In United
| States Bonds Real Estate Mortgages for the fur
Their security Of Northern Pacific bondholdsra
Also that they have at all times in their control Al
security at least 60 Of average land TO every
sl.OOO OF outstanding hrst mortgage bonds, be
sides the railroad itself, and all its equipments ant
| franchises.
PROFITABLRNRss.-O course nothing can b.
aafer than the bonds OF tho United States but tn
Government ia no longer borrower, and a. the Ma
TONS present work Is not that Of preserving ts eH
| istanoe, but that Of DEVELOPING A ooNTnTEHT vi
remind those who desire TO increase their ineom
and obtain more permanent investment while still
having perfectly reliable security, that;
United States bSga At the average premium yell
the present purchaser lsas than ~ par cent gold In
tareat Should they be redeemed In Ave years, an
specie payments be resumed, they would really pal
only * per cent or II In three years, only ~ pc
cont, as the present premium would meanwhile
sunk.
Northern Paoihe 7Sga AellinF q per in ourrenC
yield the investor $40 per cent gold interest Aba
iutaly for thirty years. me- ros' Ualsd taiss taI
a. 100 currency invested now in Unitad States 80
Ndll Yield per year In Fold-aAy Q@: ellOO ourreno
invested now In Northern Pacihc fJs will yield ~
year in gold 8sO0 Here IL difference n aHEsai Il
sos,s Of nearly 0nsLAird besides difference Of I
10 psr cent in PRINCIPAL when both clAases Of bond
are redeemed.
o. THE ROAD NOW BUILDING. WORK was beeu
IN July last on the eastern portion u the line
the money provided by the sale TO stockholders
aome Hix millions Of the Oompany'a honda To bull