National Republican. (Washington City (D.C.)) 1872-1888, 1873-07-23
FINANCIAL.

Offer for sale at pnr accrued Interest tho
First Mortgage Land Grant Gold bonds Of
the Northern Pacific Railroad Company.
They nre FREQ from United States tnx, and
are issued Of the following denominations
Coupons, 800, $500 and 81 900, resis-
tered, 500, $500, $1,000, 5000 and
$4,000.
With the same entire confidence with which we
commended Government bonds TO Capitalists and
people, we now. after the fullest nvestisA ton re
commend the Northern Pacific Railroad bonds 10 our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable in Amer
can gold coin. at the once Of Jay Cooke Co, New
York Citythe principal at the end Of % years. and
the interest lat the rate Of and three tenthp pei
cent. per annum) half.yearly. FIRST Of January and
July.
PERFECT SAFETY.-Tbe bonds we are now sell
ing are secured by nrst and only mortgage on all
theprope ty and rights Of the Northern Pacific Raj
70. COMPANY. which will embrce on the compile
/. Over Two Thousand Miles Of Road, with roliin
stock. buildings, and all other equipments.
q Over twenty-five Thousand Acres Of Land to
every mile Of finished road. This landasricultural
INBRED and mineral. amounting In all to more than
fifty Million ACftts COuslrb OF hlteruhte tectlOns
reaching twenty TO forty miles each side 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 Puget Sound.
While the Government docs not directly guarantee
the bonds Of the Road, 1t thus amply provides for
their full and prompt payment by an unreserysd
grant Of land the most valuable conferred upon
great national Improvement
THE MORTGAGE. = The Trustees under tho
Mortgage are Messrs. Jay Cooke, Of Philadelphia
and J. Edgar Thompson. President Of the Pennsyl
vania Central Railroad Company. They will d
recty and permanently represent the interest Of tn,
First Mortgage bondholders, and are required Il
see that the proceeds Of land sales are used In ps,
chasing aid saaesiing hs bonds Of no Company II
they can be bought before maturity at not NOR,
than 10 per cent premium; otherwise the Trustee,
are 10 invest the proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for the fur
Their security Of Northern Pacific bondholders
Also that they have ct all times In their control q
security at least 800 acres Of average land TO ever,
$1,000 Of outstanding hrst mortgage bonds, be
sides the railroad ITSELF and all Its equipments ant
franchises
PRoFITABLENEss-O course nothing can b
afer than the bonds Of the United States but a. tn
Government Ia no longer borrower. and ~ the N
toms present work IL not that Of preserving Its
| stsnce, but that Of DEVELOPING CONTINENT, v
remind those who desire TO increase their incom
and obtain more permanent investment while sti
having perfectly reliable security. that;
United States kaQ's At the average premium yiel
the present purchaser less than W per cent gold 4
terest. Should they be redeemed In i've years. an
specie payments be resumed they would really pa
only a.. per cent. or II In three years. only ~ pc
cent Is the present premium would meanwhile
sunk.
Northern Pacific 1905 selling ct par in currsno
yield theinvestor $40 per cent gold interest abs
utely for thirty Year,, frssJron Dated states Ia
| tad In 4
will Yield per year In god-say S62: sl.loo currenc
invested now In Northern Pacific 7a0's will yield pe
year in gold ssooo. Here IL difference "a asaaai
CONE Of nearly ons.third, besides difference Of
Oper cent in principal. when both olassss Of bond
| are redeemed.
THE ROAD NOW BUILDINa.-work was besu
n July last on the eastern portion Of the line an
/ the money provided by the sale 10 stockholders
some siI millions Of the Company's bonds, 10 bull
and equip the road from Lake Superior across Nj
nesota to the Red River Of the Northass miles. II
grading on this division Ia now well advanced. Il
iron Ia being rapidly laid; several thousand men
at work on the line. and about the hrst Of Aug,
next this important. section OF the road will be
full operation. In the meantime orders have bee
sent 10 the Pacific coast for the commencement
the work OH the western end In early spring. al
thereafter the work will be pushed both eastwai
and westward. with Is much speed - may DO cons
tent with solidity and wise economy.
RECEIVABLE FOR LANDs.-Thess bonds W
be at all times before maturity. receivable, ct LILO,
payment for the Oompany'a lands OF their lowe
| cash price.
BONDS INTERCHANGEABLE registered bon
can be exchanged 1t any time for coupons coup,
for registered. aud both these can be exchanged
others payable, principal and interest, at any Of
principal financial centres Of Europe In the coin
the various European countries.
HOW TO GET THEM.-Your nearest Bank
Banker will supply these bonds In any desir
amount and Of any needed denomination. Perso
wishing to exchange stocks or other bonds for the
can do so with any Of our aEents, who will allow
highest current price for all marketable securiti
Those living In localities remote from banks m
send money, other bonds directly to us BY e1pr'
and we will send back Northern Pacific bonds at Q
own risk. and without cost to the investor. For q
Their information, pamphlets. maps, 10. call on
address the undersigned. or any Of the Banks
Bankers employed 70 sell this loan,
I For sale by