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


Oner for sale n par accrued Interest tho
First Mortgage Land Grant Celia Bouds Of
the Northern pariac R.iIroad Ce.,,,,,.
rbex .re 40. rr....s rr,,, - s,,....,. -
mr.. i..,cs ~ ~. r,,,.,-s.- S...-.,.-.,
C... &c" s'nc ING nc, - e "s,a
ooepo"s, S.vV, Soov ana si,Os resis-
sIec, sioo' sooV' Si'OOO' sS,OOO and
siV'OV'
with the same entire confidence with which we
commended Government bonds to Capitalists and
people, we now, Aftcr the fullest nycstisa ton re
commend the Northern Pacific Railroad bonds 10 our
riends and the general public
ram n~
e''D rAhMhNT'
Both principal and interest are payable In Ameri
can gold coin. 81 me once OF Jay Cooke Co. New
YORK Cty-the principal at the end Of D years, and
the lat the rate Of seven and three enhs pei
cent. per annum) halfycarly. hrst Of January and
July.
PERFECT BAFETY-Tbe bonds We are now sell
ing are secured byA nrst and only mortss~s on ali
theprope ty and riRhta Of the Northerp pani6c Raj
roa Company, which win embrace on the compile
ion Of the WORK,
I. Over Two thousand Miles of Road, with rollin
stock, buildings and ali other e1uipments.
q Over Twenty-Five thousand Acres of Land to
every mile OF finished road. This landsgricuItursl
mbcred and mineral, amounting in all TO more than
Fifty Million Acres oonsists Of alternate sections
reaching twenty 10 forty miles on each side Of the
track. and extending In q broad fertile belt from
Wisconsin through tho richest portions Of Mime
sofa, Dakota, Montana, Idaho, Oregon, and wash.
ington, 10 Puget Sound
While the Government does not directly qua Antes
the bonds Of tho Road Il thus amply provides for
their full and prompt payment BY an unreserved
grant Of land tho most valuable conferred upon
great national Improvement
THE MORTGAGE. The Trusteea undsr tina
MORTGAGE Are Mesars law Cootc. IN phii.dsi,ht.
and j. Edgar Tbompson. President Of tbe Pennsyi
vania Central Railroad Com pany They win al
First Mortgage bondholders, and are required 10
sec that the proes, Z. on la.d soi., ara used IN -
eAs.s.s AID es,e.l,., "a. so.d, Of a, ~. - 4,
they can be bought before maturity At not NOR.
than 10 Per cent premium; otherwise tho Tru,tees
are 70 invest the Of the land NJ IN n "A
States Bonds or Real Estate Mortusxes for the fur
ther security Of Northern Pacific bondhoiders
Also that they have At ali tmes IN their control !.
security ct least 500 acres Of average land 10 avery
$1,000 Of outstanding nrst mortgage bonds. be-
sides the railroad itsef and ali its eauipmenta and
franchises.
PROFITABLENEss.-Of course nothing can bo
aer than the bonds OF the United states but ~ the
Government Ii no longer borrower and a ths Ma
tons present work Is not that Of preserving ia az
stsnce, but that Of DEVELOPING A cosrmxSr v,
remind those who desire to increase their income
and obtain more permanent investment while still
having perfectly reliable security. that,
United States bs's d the average premium Weld
the present less than ~ per cent gold in
terest Should they be redeemed In Ave years. and
specie payments DO resumed they would really pay
only ~ per cent, or II in three years. only ~ per
cent Is the present premium would meanwhile
sunk,
Northern Pacino 7-sUa selling at par In currency
Yield thenyestor $40 per cent gold interest abso
siiuo currency invested now In United States b9U's
will Yield per year in god-say ca; elOo currency
invested now in Northern Pacific 7sus will Yield per
year in gold sso0 Here IL q difference ~ ...ai b,
Az -