National Republican. (Washington City (D.C.)) 1872-1888, 1873-07-09
A. GODDARD,
DOS Seventh Street,
Anew Doors Above I street.
je2s-lm'
FINANCIAL.
JAY COOKE & co.

Offer for sale At par accrued interest the
First Msrtsaae Land Grant Gold Bends Of
the Nsrthern Pacinc Railroad Company.
They are free from United statcs tax, and
arc issaed ofthe following determinations
Coupons, 500, $500 and si,OOOg 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, We now after the fullest inveatiga ton re
commend the Northern Pacific Railroad bonds to our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Ameri
can gold ooin. ct the office Of Jay Cooke Co., New
York City-the principal 1t the end Of Do years. and
the interest lat the rate Of and three tentha PEI
cent per annum) half,yeariy. nrst Of January aud
July.
PERFECT sAFRTY.-rbe bonds We are now sell
ing are secured by nrst and only mortgage on all
theprope " and rights Of the Northern Pacific Raj
roe Company. which will embrace on the compile
ion Of the work;
1. Over Two Thousand Miles Of Road. with rollin
stock. buildings, and oil other equipments.
q Over Twenty-Five Thousand Acres OF Land to
every mile Of finished road. This lAndasricu lturai
mbered and mineral. amounting In all to more than
Fifty Million Acres consists Of alternate sections
Io4cuiua tWeny W hofty mucn Ou thGu sue OF the
track. and extending In . broad, fertile belt from
wisconsin through the richest portions Of Mime
sofa, Dakota, Montana. Idaho, Oregon. and wash.
inston. to Puspt Sound. IL 80
While the Government does not directly guarantee
the bonds OF the Road. II thus amply provides for
their full aud prompt payment by an unreserved
grant Of land. The most valuable conferred upon
. great national Improvement
THE MORTGAGE Tho Trustees undar the
Mortsase arc Messrn Jay Cooke. Of Philadeiphia,
and J. Edgar Thompson. President Of this Psnnsyl
vaniA Central Railroad Company. They will di
recty and permanently represent the ntsrest Of the
First Mortgage bondholders, and are required to
SEQ that the proceed Of iand siss used In gur
eAsstss ard eaaesifss ne bonds Of ~ Company II
they can DO bought before maturity st not more
than 10 psr cent premium: otherwise the Trustees
10 invest the proceeds OF the land sa In United
States Bonds or Real Estate Mortgages for the FUR
Their security Of Northern Pacific bondhuldera
Also. that they have at all times In their control a.
security at least so acres Of average land to every
90 Of outstanding nrst mortgage honda, b.
sides the railroad itself. and all Its equipments and
frAnchisea
PROFITABLENEss-o course nothing can bs
afer than the bonds Of tho United States but as the
Government 10 no longer borrower, and Is the Ma
tons present work u not that Of preserving it's e.
stsnce. but that Of DEVELOPING A CONTINENT, We
remind those who desire to increase their income
and obtain moro permanent investment while still
having perfectly reliable security. that.
Uuitod ~ inc average premium Weld
the present purchaser less than ~ per cent gold In
tersst Should they DO redeemed in Ave years, and
specie payments be resumed they would really pay
only ~ per cent. or II In three years. only ~ per
cent - the present premium would meanwhile
SUM,
Northern Pacific 7so's selling at par in currency
Yield thenvestor BIO per cent gold interest abso
utely for thirty years. free from Dated states tar
eil00 currency invested now In United States baOs
viii Yield Per year in sold-say GO; sliOo currency
invested now IN Northern Pacific taos will yield per
year in gold esoa Here Ia difference b. asnuai "a
eows Of nearly oastAird. besides difference Of to
ioper cont in principal. when both classes Of bonds
are redeemed.
THE Road NOW BUILDING Work was begun
n July last on the eastern portion Of the line and
the money provided by the sale to stockholders Of
some six millions Of the Companys bonds. to build
and equip the road from Lake Superior across Min
nesota 10 the Red River Of the North $50 miles The
grading on this division 10 now well advanced, the
at work on tho line. and about the nrst OF Angus
mort this importan. section OF the road will DO n
full operation. In the meantime orders have been
sent 10 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 as may DO consls.
tent with solidity and wise economy.
RECEIVABLE FOR LANDS. These bonds will
DO At all times, before maturity. receivable ct iO In
payment for the Company's lands at their lowest
cash price
OBSERVATION-DISCLOSURES 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
can do 80 with any Of our agents. who will allow tho