National Republican. (Washington City (D.C.)) 1872-1888, 1872-12-31
New 7-3O Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD 90
Secured by FIRST Mortgage ON RaIIroad aud
Land Grant.
SAFE! PROFITABLRI PERMANENT
Jay COOKE & co.

JAY COOKE & co.
Oner for sale Rt par accrued interest the
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They are free from United States tax, and
are issued Of the following denominations
Coupons, 500, $500 and 3 1000, reR's &.
tered, 500, $500, $1,000, 5000 and
!. $4,000.
sastSsd -1 ioSs fiis1 Win ShIch we
Y5pe, we now. after the fullest investigation re-
.nmend the Northern Pacific Railroad bonds 10 our
'fiends aud the general public.
GOLD PAYMENT.
Both principal and interest are payable in Amer
eau gold coin, at the office Of jay Cooke L Co. New
York City-the principal at the end Of 30 years and
the interest lat the rate Of and three tenha pei
cent. per annum) halfy carly. hrst Of January aud
July.
PERFECT SAFETY The bonds we are now sell.
ing are secured by frst and only mortgage on all
the property aud rRhts Of tho Northern Pacific RAN
ton Of the work
l. Over Two Thousand Miles Of Road, with rolling
stock. buildings. and all other equipments.
"a Over Twenty-Five Thousand Acres Of land ia
every mile Of flushed road This land, agricultural
timbered and mineral amounting In all to more than
ftty Million Acrea consists OF alternate sections
reaching twenty to forty miles each side OF the
track, and extending in a broad fertile belt from
Wisconsin through the richest portions Of Mime,
sofa, Dakota, MontAna Idaho. Oregon, aud Wash.
nston, to Puget Sound.
While tho Government does not directly guarantee
the bonds Of the Road, It thus amply provides for
their full and prompt payment by an unresorved
grant Of land the most valuable ever conferred upon
great national Improvement
THE MOkTdAaE. - The Trustees under the
Mortgage are Mcsars. Jay Cooke, Of Philadelphia,
and j. Edgar Thompson, President OF the Pennayl
VaniA Central Railroad Company. They will di
reetly and permanently represent tho interest OF the
First Mortgage bondholders, and are required to
see that the Procs IL Of iaad sales are used In Pvr
ehaIiHg d ca"esbag ne toRds u the Company n
they can be bought before maturity ct not more
than 10 per cent premium; otherwise the Trustees
TO invest the proceeds Of the land sAea In United
States Bonds or Real Estate Mortgages for the fur
Their security Of Northern Paeino bondholders.
Also, that they have At all times In their control
security, at least go OF average land TO every
Sl,OU Of outstanding nrst mortgage bonds, DO
sides the railroad ITSELF aud all its equipments and
franchises.
PRoFITABLENEss.-O course nothing can be
safer than the bonds OF the United States but as the
Government Ia no longer a borrower, and as the Ma
tons present work Ia not that OF preserving ta
istence, but that Of DEVELOPING CONTINENT We
remind those who desire 10 increase their income
and obtain more permanent investment while still
having perfectly reliable security, that!
United States 69Ga at the average premium yield
the present purchaser less than ~ per cent gold in
terest Should they be redeemed in Ave years, and
specie payments be resumed, they would really nay
only * per cent, or II In three years, only ~ per
cent, ~ the present premium would meanwhile
sunk.
Northern Pacific 7lsJs selling ut par in currency
yield the investor $40 per cent gold interest Abso.
utey for thirty years, free JToBl UEisd tass tar;
100 currency invested now In United States b9O's
will yield per year in gold-say S6l: slOO currency
invested now In Northern PAeihc 7SOs will Yield per
year In gold tsOG Here In difference IA asHsai In.
one OF nearly ORshird, besides difference Of to
10 per cent in principal when both classes OF bonds
are redeemed
THE ROAD NOW DUILDINd-work was batrun
In July last on tho eastern portion Of the line and
the money provided by the sale to stockholders Of
some HiE millions Of the COmpany's bonds to build
and equip the road from Lake Superior across Min
nesota TO the Red River Of the North-21s miles The
grading on this division Ia now well advanced the
iron Is being rapidly laid; several thousand men are
1t work on tho line and about the hTpt Of Angus
neXt this important section Of the road will be In
full operation. In the meantime orders have been
sent to the Pacific coast for the commencement OF
the work on the western end In early spring, and
thereafter the work will be pushed both eastward
and westward. with much speed a. may BE- eOnsis.
tent with solidity and q wise economy.
RECEIVABLE FOR LANDS These bonds will
be at all times before maturity. receivable at TO- In
payment for the Cumpany's lands, at their lowest
cash prios
BONDS INTERCHANGEABLE The registered bonds
can be exchanged at any time for coupons coupon
for Registered, and both these can 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. Persons
wishing to exchange stocks or other bonds for these
do with any OF our agents. who will allow the
highest current price for all marketable securities
Those living In localities remote from banks may
send money other bonds directly To US by express
and we will send back Northern Pacific bonds at our
own risk and without cost 10 the investor For fur.
Their information, pamphlets, mas, 6c., call on or
address the undersigned, or any OF the Ban&s or
Bankers employed to sell this loan.
For sale by