National Republican., 1873-06-03
New 7-3O Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD 90
Secured by First Mortgage on Rallroad and
land Grant.
sAFRi PROFITABLE! PERMANENT
JAY COOKE & CO,

n NoIfNE @ w.
Oner for salc at par accrued Interest the
First Mortaaac Land Grant Gold Bonds Of
the Northern Pnciho Railroad Company.
They are free from United States tar, and
are issued Of the following denominations
Coupons, 500, $500 and $1,000, regis
tered, 800, $500, $1,000, $1,000 and
$4,000.
with the same entire conndence with which We
commended Goyernment bonda TO Capitalists and
people. now after the fullest inveatiEA ton re
commend the Northern Pacific Railroad bonds toour
riends and the general public.
GOLD PAYMENT.
Doth principal and interest are rayable In Amsri
can gold coin. At the once Of Jay Cooke Co, New
York City-the principal al the end Of 20 years and
the interest lat the rate Of and three enths pei
cent per annum) half yearly. nrst Of January and
July.
PERfBcT sAFETY.-Tbe bonds We are now sell
ing are secured by hrst and only mortgage on all
the property and rights Of Tire 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. buldings. and all other eauipmenta
Over twenty-five Thousand Acres Of Land to
every mile Of nnished road This landaKricultural
mbered and mineral amounting in all 70 moro that
L
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, Oregon, and wash
| nGton. 10 Puget Sound
While the Government does not directly guarantee
| the bonds Of the Road Il thus amply provides for
| their full and prompt payment by an unrcaeryed
grant Of land the most valuabe over conferred upon
| great national Improvement
THE MORTGAGE. - The Trustees under tho
I Ia.v ~ als,hN
aud ]. Edgar Thompson. President Of the Pennsyl
| vAniA Central Railroad Com pany. They will di
recty and permanently represent the interest OF the
/ First Mortgage bondholders, and are required tn
that the procs d. aC Laad saiss are used In pv
eAa,i~g ~ oanesiing hs toHds II ts cOnpu-p n
| they can be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
invest the proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for the fur
/ ther security Of Northern Pacific bondholdern
Also that they have at ali times in their control "a
security at least 100 acres Of average land 10 every
ei.Ooo Of outstanding nrst mortgage bonds, BE-
sides the railroad itsolf and all is equipments and
| franchises
PRoFITABLEHEss.- course nothing can be
afer than the bonds Of the United statss but the
Government Ia no longer borrower and ~ the Ma.
toms present work Is not that Of preserving its
| atence. but that Of DEvELortNa cosTiNEST, we
remind those who desire 70 increase thar income
and obtain more pdrpAnent Investment while still
having perfectly reliable security, thAti
| United States 6spp at the average premium Yield
the present purchaser lcsa than 81 per cent Fold In
terest Should they be redeemed In ave years, and
| specie payments be resumed they would really psy
only a. per cent, n In three years, only ~ per
cent. a. the present premium would meanwhile
sunk,
Northern Pacific 7sgs selling at PAR In currency
Yield theinvestor eiO per cont gold interest Abso
utely for thirty years, IrssJr0p Uni;sd taiss tar
sii0o currency invested now In United States S9os
will yield per year in goldsay ca: siiOo currency
invested now In Northern Pacific 7So's viii Yield PEI
year In gold ssoD Here Ia difference Ia asRHai "a
eo~. OF nearly ORehird, besides difference Of tc
iOper cent in principal. whom both classes Of bond
i are redeemed
THE ROAD NOW BUILDING Work was ben :
July last on tho eastern portion Of the line and
the money provided by the sale to stockholders OF
some sir millions Of the Company's bonds. 70 build
and eluip the road from Lake Superior across Min
nesota 10 the Red River Of the North-x3 miles. The
grading on this division Ia now well advanced. tho
iron Ia being rapidly laid; several thousand men an
At work on the line, and about the nrst Of Augul
next this importAns section OF the ruad will be D
full operation. In tho meantime orders have been
| sent TO the Pacinc coast for the commencement Of
| the work on the western end In early spring. and
thereafter the work will b pushed both eastward
and westward. with a. much speed ~ may b conais
tent with solidity and wise economy.
RECEIVABLE FOR LANDs.- ,hese bonds vii
be Al ali times before maturity receivable at lo In
payment for the Oompany's lands at their Lowest
oAAh price
BONDS The registered bond
can be exchanged at any time for coupons the eoupor
for registered and both these be exchanged foi
others payable PRINCIPAL aud interest at any Of tn
| principal financial centres OF Europe In the coin
the various European countries
HOW TO GET THEM.-Your nearest Bank o.
Banker will supply these bonds In any desires
amount and OF any needed denomination. Person
Wishing TO exchange utoehs or other bonds for theS
can do 80 with any Of our Agents who will allow tn
highest current price for all marketable sscuritis
Those living in localities remote from banks maj
send money or other bonds directly to by eTpres
and We will send back Northern Pacific bonds At GU
own risk and without cost 10 the investor For fur
ther information, pamphlets. maps. 6e., call on
| address tho undersigned. or any OF the Banks
Bankers employed to sell this loan.
For sale by