National Republican., 1873-02-03
New 7-3O Gold Loan
SAFE: PROFITABLE. PERMANENT,
JAY COOKE & co.

JAY COOKE & co.
Oner for sale nj par accrued Interest the
First Mortgage Land Grant Gold Bonds Of
the Northern Pacihc Railroad Company.
They are free from United states tax, nud
are issued Of the following denomination,
Coupons, 500, $500 and $1,000, 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 investigation 70
commend the Northern Pacific Railroad bonds to our
riends aud the general public.
GOLD PAYMENT.
Both PRINCIPAL aud interest are payable in Ameri
eau guild coin. at the Office Of Jay Cooke Co.. New
York Cty-the principal at the end OF D. years and
the interest lat the rate Of seven and three tenths poI
cent per nnnum) halfycarly, INST Of January aud
July.
PERfIcr sAfETY.-Tbe bonds we are now sell
Ing are secured by nrst and only mortgage oa all
.he property and rights Of the Northern Pacific Raj
read Company, which will embrace on tho compl,.
ton Of the work.
!. Over Two thousand Miles OF Road. with rolling
stock. buildlnsp, aud all other equipmenta'
Over Twenty-Five Thousand Acres Of Land to
cry mile OF finished road This land. asrcult uraI,
mbsrol ~ IA 'tIl, AN )1u.ln In al q m Drj that
Fifty Million Acres, consists Of alternate sections
reaching twenty TO forty miles each side OF the
Maek, , and extending In broad, fertile belt from
Wisconsin through the richest portions Of Mime.
sota' Dakota Montana, Idaho, Oregon. and Wash.
ingtOn, 10 Puget Sound
While the Government does not directly ,runrnn,so
the bonds of the Road 1t thus amply provides for
their full aud prompt payment BY an upreaeryed
grant Of land the most valuA ever conferred u,on
q great national Improvement
The MOhTGAGE.-Th The Trustees under tho
Mortgage are Messrs. jay Cooke Of PhiadelphiA.
anu D. Edgar Thompaon, President Of the Pennsyi
Tania Central Railruad Company. They Will Al
recty aud permanently represent the interest Of the
first Mortgage bondholdera, aud are required 10
sec that the proes d. " taad sus are used IN mn,
sAastHg I'D odae,iiAg The boads II As noaplny n
they can be bought before maturity at not mora
than 10 per cent. premium; otherwise the Trustees
arc 10 nNoa the proceeds u the land sales In United
States Bonds or Roal Estate Mortgages for the fnr
ther security Of Northern Pacific bopdholdera
Also that they have At all times In their control n
security at least 800 Of average land 10 every
slWo OF onxtanding hrst mortgage bonds, be.
sides the railroad ITSELF and all is equipments aud
frAnchisea ~
PRofITADLENRss.-O course nothln, can be
afer than the bonds OF the United States but as thu
Government is no longer borrower, and as tho Ma
tons present work IL not that of preserving ils AZ.
stencc, but that of DRyELoPINa A CONTINENT. We
remind those who desire to increase then income
and obtain more permanent investment while still
having perfectly reliable security, that:
United States ssO's at the average premium yield
the present purchaser Ices than Bk per cent gold in
tercst Should they bo redeemed In Ave years and
specie payments be resumed, they would really nay
only * per cent, or II In three years only az per
cent as the present premium would meanwhile
sunk.
Northern Pacific 1905 selling at par in eurr,pcv
Yield the investor 1910 per cent gold interest nyo
lntely for thirty years, free from UHEsd taiss taT
sl,lOo currency invested now In United States 6S0H
Will yield per year In gold-say e62 sllOO currency
invested now In Northern Pacific 7ss will Yield per
year In gold s50So Here ID difference n aSHutifs
so~'s Of nearly Vasni'd, besides difference Of TO
10 per cent In principal when both classes OF bonds
redeemed
THE ROAD NOW BUILDING Work vas begun
IN July lAht on the eastern portion OF the line and
the money provided by the sale to stoohholders OF
some siI millions Of the OOmpany's bonds 10 build
and equip the road from Lake Superior across Min
nesota 10 the Red River Of the North-2s milea The
grAdns on this diVision Ia now well advanced, the
iron 10 being rapidly laid; several thou sand men are
at work on the line, and about The nrst OF Angus
ne1t this important section Of the road will be n
fun operation In the meantime orders have been
sent 10 the Paoinc coast for the commencement OF
the work on tho western end in early spring, and
thereafter the work will be pushed both eastward
and westward. with as much speed as may be conFis
tent with solidity and wise economy.
RECEIVABLE FOR LANDS These bonds will
be At all times, before mEturity receivable, at TO- In
payment for the COmpany's lands, at their lowest
cash price.
BONDS sEXcHANGEABLE-T The registered bonds
eau be exchanged at any time for coupons the coupon
for Registered and both these be exchanged for
Others payable, principal and interest at any OF tho
principal financial centres Of Europe in the coin
the various European oountrieA
HOW TO GET THEM-Your nearest Bank or
Banker will suPrly these bonds In any desired
amount and OF any needed denomination. Persons
wishing TO exchange stocks other bonds for these
can do 60 with any Of our agents, who will allow tho
highest current price for all marketable securities
Those living In localities remote from banks may
send money, other bonds, directly to by express
and will send back Northern Pacific bonds al our
own risk, and without cost to the investor For fur.
ther information, pamphlets, MAPS, 6o., call on or
address the undersigned, or any Of the Banks or
bankers employed to sell this loan.
For sale by