National Republican., 1873-03-01

JAY COOKE & CO. .
OGcr for sale ut par accrued Interest the
Pirsi Mortgage Land Grant Gold Bonds Of
the Northern PaeIhc Railroad Company.
They nrc free from United STATES tax, and
are Issued Of the following dcnominat tions
Coupons, 500, $500 and 81 ,OOOy regis
tered, 500, $500, $1,000, $1,000 and
$4,000.
With the same entire confidence with which we
commended Government bonds to Capitalists and
people, now, after the fullest nvestisA ton re
commend the Northern Pacific IlAiruad bonds 10 our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable in Ameri
gold coin. at the once Of Jay Cooke Co. New
York Cty-the principal at the end Of ~ years, and
the interest lat the rate OF seven and three tenhA pe
cent. per annum) half yearly, nrst Of January and
July.
PERfECT sAFETY.-Tbe bonds We are now sell
ing are secured by irst and only mortgage on all
lie property and rights Of the Northern Pacific Raj
road Company, which will embrace on the compile
ton Of the work
!. Over Two Thousand Miles Of Road with rollin
stock. buildings, and all other equipments.
.. Over Twenty-Five thousand Aores Of Land to
cry mile Of finished road This land, agric ultural
mbered and mineral. nting In all TO ore that
Fifty Million Acres, consists Of alternate sections
reaching twenty TO forty miles on each side OF the
track, aud extending In . broad fertile belt from
Wisconsin through the richest PORTIONS OF Mime
sofa, Dakota, Montana, Idaho. Orcsuu. und Wash.
ington, to Puget Sound.
While the Government does not directly guarantee
the bonds Of the Road, 1t thus amply provides for
their full and prompt payment by an unreseryed
grant Of land, the most valuable ever conferred upon
great national Improvement
THE MORTGAGE. - The Trustees under the
Mortgage are MessrS. jay Cooke, Of Philadelphia
and J. Edgar Thompson, President Of the Pennsyl
yAnia Central Railroad Company. They will di
rectly and permanently represent the interest Of ih,
First Mortgage bondholders, and are required u
SEQ that the Of land sale, are used In pr,
ehasing AID eaaesIiAg he boads Qf hs C0s,psny II
they can be bought before maturity at not NOR
than 10 per cent premium; otherwise the Trustee.
arc to invest the proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for the fur
ther security OF Northern Paeiho bondholders
Also, that they have ut all times In their control Al
security at least 30 acres Of average land to ever
| alOO Of outstanding hrst mortgage bonds, be
sides the railroad ITSELF and all is equipments ant
| franchises.
PRoFITABLENEss- OF course nothing eau b.
afer than the bonds Of the United States but "a tho
Government Ia no longer borrower. and As the NS
toms present work Ia not that Of preserving its ct
remind those who desire 10 increase their incom
aud obtain q more permanent investment while stil
having perfectly reliable security, that
| United States SsJs at the average premium yie
the present purchaser less than bh per cont gold Ia
| terest. Should they be redeemed in hve years an
specie payments be resumed, they would really pa
only a. per cent. or II In three years only ~ pc
cent. as the present premium would meanwhile
| sunk.
Northern Pacific 1873 selling at par In currenc
| IA
utely for thirty years, free from United iaiss "a
si loo currency invested now In United States SD
will Yield per year In gold-say ca; sl.loo currene
invested now In Northern Pacific 750's will ied p,
year In gold Ss09. Here IL Q difference Ia asaaai
come Of nearly 0ns.hird, besides difference Of
10 PER cent in principal when both classes VI bout
are redeemed.
THE ROAD NOW BUILDINd.-work was besnl
July last on the eastern portion Of the line an
the money provided by the sale TO stockholders
some sir millions Of tho Company's bonds, to bull
nesots 70 the He'd River uf the North 70 miles. II
grading on this division is now well advanced, Il
Iron Is being rapidly laid; several thousand men Al
ct work on the line. and about the nrst Of AuEI
next this importan" section Of the road will b
full operation. In the meantime orders have be-
sent to the Pacific coast for the commencement
the work on the western end In early spring. GI
thereafter the work will be pushed both eastwIi
and westward. with as much speed a. may b. oOns
tent with sOlidity and aNtse economy.
} RECEIVABLE FOR LANDS. These bonds vi
be at all tImes before maturity, receivable, at iO
payment for the Compapy's lands, at their lowe
cash price.
BONDS SDsEXCHANGEADLE-T registered bon
can be exchanged at any time for oupons the coup,
for registered, and both these can DO exchanged {
others, payable, principal and interest, at any %
. PRINCIPAL financial centres Of Eurupe In the coin
the various European countries
HOW TO GET THEM.-Your nearest Bank
Banker will supply the-e bonds In any desir
amount and Of any needed denomination. Perso
wishing 10 exchange stocks or other bonds for the
can do so with any Of our agents, who will allow
highest current price for all marketable securit
. Those living in localities remote from banks m
send money, other bonds, directly 10 US by eIpr,
aud we will send back Northern Pacinc bonds ut o
own risk aud without cost 10 the investor. For 4
ther information, pamphlets, mars, 80, call On
l address the undersigned. or any OF the Banks
/ Bankers employed to sell this loan
!, For sale by