National Republican. (Washington City (D.C.)) 1872-1888, 1873-01-04
SAFE, PROFITABLE, PERMANENT,
JAY COOKE & co.

JAY COOKE & co.
Oner for sale Mt par accrued interest the
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They are free from United states tax, and
are issued Of the following denominations
Coupons, 500, $500 and sI,OOO' regis
tered, 500, $500, $1,000, 5000 and
$4,000.
with the same entire confidence with which we
commended Government bonds TO Capitalists and
people, now, after the fullest investigation re-
commend the Northern Pacific Railroad bonds to our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Amer
can gold coin. ct the office Of Jay Cooke Co, New
York Oitythe principal at the end Of % year,, and
the interest lat the rate Of and three tenths
cent. Per Annum) half yearly. hrst Of January and
July.
PERfECT sAFETY.-Tbe bonds we are now sell
Ing are secured by hrst and only MORTGAGE on all
the property and rights Of the Northern Pacific Rail
road Company, which will embrace on the compile
ton Of the work.
l. Over Two Thousand Miles OF Road, with rolling
stock. buildings, aud all other equipments.
q Over twenty-five Thousand Acres Of Land to
very mile Of finished road. This land, agricultural
timbcred and mineral amounting in all to more than
Fifty Million Acres consists Of alternate sections,
reaching twenty 10 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
ington. to Puget Sound.
While the Government does not directly guarantee
the bonds Of the Road, II thus amply provides for
their full and prompt payment by an unreserVed
grant Of land the most valuable ever conferred upon
| q great national Improvement
/ THE MORTGAGE - The Trustees under the
/ Mortgage are Messrs Jay Cooke. Of Philadelphia,
/ aud J. Edgar Thompson, President Of the Pennsyl
/ yAniA Central Railroad Company. They will d.
rectly and permanently represent the interest Of tho
| First Mortgage bondholders, and are required u
see that the proessds Of land sales used In psr
chasing Iid ea,estfag hs boads ar he Company 4
they can be bought before maturity At not NOR
than 10 per cent premium; otherwise tho Trustees
are to invest the proceeds OF the land SALES In Unitet
States Bonds or Real Estate Mortgages for the fur
Their security Of Northern Pacific bondholders
Also that they have at all times In their control d
securty al least 500 acres Of average land TO ever
| si,Ooo Of outstanding hrst mortgage bonds, be
sides the railroad itself. and all ita equipments ant
| franchises.
afer than The bonds Of the United States but the
| Government 10 no longer borrower, and M the M
lions present work Is not that OF preserving its 81
| lstence, but that q DEVELOPING CONTINENT, "
| remind those who desire 10 increase their ineom
| and obtain more permanent Investment while stl
| having perfectly reliable security, that
United States bsO's at the average premium yiel
the present purchaser lees than 81 per cent gold il
, terest Should they be redeemed in Ave years, an
specie payments be resumed, they would really pa
only az per cent, or II In three years, only ~ pc
cent, as the present premium would meanwhile
sunk.
Northern Pacific TSgs selling at par in curenc
Yield the investor $40 per cent gold interest abs
utely for thirty years. free rOR. dated tais' Ia
i N Initial