National Republican. (Washington City (D.C.)) 1872-1888, 1873-06-07
JAY COOKE & co.

OGcr for snic at par accrued Interest the
First Mortgage Land Grant Geld Bonds Of
tho Northern Paclnc inilroad Company.
They are free from United States tax, and
arc issued efthe following enominatiensi
Coupons, 500, $500 and $1,000, resis-
tered, 500, $500, $1,000, $4,000 and
$4,000.
with the same entire confidence with which We
commended Government bonds 10 Capitalists and
people, We now after the fullest investiga ton
commend the Northern Pacific Railroad bonds 10 our
renis and the general public.
GOLD PAYMENT.
Both PRINCIPAL and interest are payable in Ameri
gold coin. Of the ofico Of Jay Cooke Co, New
York Oity-the principal at the end Of % years. and
the interest at the rate Of and three snths rel
cent. per annum) halfyearly. nrst Of January and
July.
PERfECT sAFETY.-Tbo bonds we are nov sen
Ing are secured by nrst and only mortgage on all
the property and rights OF the Northern Pacific Raj
roa Company. which will embrace on the compile
ton Of the work;
l. Over Two Thousand Miles Of Road, with rollin
stock. buildings, and all other equipments.
Over Twenty-Five Thousand Acres Of Land to
every mile Of hnished road. This landasrioulturAl
mbered and mineral, amounting in all 10 more that
Fifty Million Acres, consists Of alternate sections
reaching twenty TO forty miles each side Of the
track, and extending In . broad. fertile belt from
Wisconsin through the richest portions Of Mime
sota. DAKOTA, Montana. Idaho Oregon and wash
inston, 10 Puget Sound.
while the Government does not directly guarantees
the bonds Of tho Road, Il thus amply provides for
their fun and prompt payment by an unreserVed
grant Of land the most valuable ever conferred upon
great national Improvement
THE MORTGAGE Tho Trustees under tho
Mortgage are Messru. jay Cooke, OF Philadelphia,
and j. Edgar Thompson President Of the PennsI
yaniA Central Railroad Com pany. They Will al
rectly and permanently represent the nteres. Of the
First Mortgage bondholdsrs, and are required 10
see that the proes a. aC lad sales are used In sv
eIa.i1g o, casosIs.g "a. load. az a. oonpss, n
they eau be bought before maturity At not mora
than 10 per cont premium, otherwise the TTustees
are TO invest the proceeds Of The land sales in Upted
States Bonds or Real EstAte MORTGAGE for the fur
ther security Of Northern Pacino bondholder..
Aso that they have Al ali tinos In their control M
security al least 100 acrcs Of average land 10 every
sioo q outstanding nr.t mortgage bopds. IL.
sides the railroad itself and ALI Its equipmeuts and
frunchiseA
PROFITABIENESs.-Of course nothing can be
afer than the bonds Of the Untad States but an the
Government IL no longer . borrower and a. the Na.
TONS present work Ia not that Of preserving lie eI.
stenoe, but that Of DEVELOPING a oosrHrNr, we
remind those who desire 70 increase their income
and obtain more permanent investment while stili
having perfectly reliable security. thati
United States bars II the average premium yield
the purohAser loss than ~ per cont gold In
terest should they DO redeemed In nye years. and
specie payinents 10 resumed they would really pay
only - PER cent or in three years. only ~ Per
cent Mthe present premium would meanwhile
SUNK u
horthsnn faeine I-Ws selling a. par In currency
yieid tneinvestor per cent gold interest Abso
uteH Tor thirty yeArs. r'ssJrem Ushsd .tais' tan
eiioo currency invested now IN United States b0's
win yieid per year In sod-sAJ ~; elioo currency
invested now IN Northern racine 'SoS win yield per
year IN gold sol1 Here . difference ts asHsai 10
eoAs OF neary oH"th,d, besides dinerence Of ! 10
70 per cent In principal when both classes Of bonds
are redeemed
THE hoAp NOW BUiLDlNo,-worfw was beg =
nJuiy last on the eastern portion Of the line and
the money provided by the sale to stockholders Of
some air millions OF the Companys bonds 10 build