National Republican. (Washington City (D.C.)) 1872-1888, 1873-07-28
FINANCIAL.
JAY COOKE & co.

- -.
u A Y COO kE, IL co.
oMer ior SAFE nj par necrued intcrcst inc
First Mortgage Land Grnnt Goid bonds oil
tho Northern Pacific Railroad Company.
They are free from United States tax, and
are Issued oftbc following denominations
Coupou.. a i'm. asOO and q ON, reyi..
800 e,oo SnoO' ., oOo ~ nm 80,
am noo
with the same entire confidence with which We
commended Government bonds TO Capitalists and
people, We now after the fullest inNostiga uon re
commend the Northern facinc hailrosd bonds toour
riehds anu the general public
coin PAYMENT.
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PERfECT sAfETf-Tbeb bonds We are now sell
ing arc secured by hrst and only mortgage on all
theprope ty and rights Of the Northern Pacific Raj
roa COMPANY. which will embrace on the compile
Ion OF the work;
l. Over Two Thousand Miles OF Road, with rolin
stock. buildings, and all other equipments.
over Twentytwo Thousand Acres Of Land to
every mile OF finished road. This landasricultural
mbered and mineral. amounting In all to more than
reaching twenty TO forty miles on each side Of the
track. and extending In broad. fertile belt from
wisconsin through the richest PORTIONS Of Mime
sota. DAKOTA Montana. idaho' oregon, anu wash.
ington. 70 Puget Sound
Whiie the Government does not directly guarantee
the bonds OF the Road. II thus amply provides for
their full and prompt payment by an unreseved
grant OF land the most valuable ever conferred upon
asreat national Improvement
THE MORTGAGE - The Trustees undcr the
t.. -
and ]. Edgar Thompson. President OF the Pennsyi
vaniA Central Railroad Com pany They will di
rectly and permanently represent the interest Of the
First Mortgage bondholders, and are required to
ess.iag and eaneslinq ne Soad. Of "a. Company II
they can be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
are 10 invest the proceeds Of the land sales in limited
States Bonds or Real Estate Mortgages for the fur
Their security of Northern Pacific bondholders
Also that they have at ali times in their control a.
security Ut least 800 acres Of average land 10 every
Hoo Of outstanding hrst MORTGAGE bonds. be.
sides the railroad ITSELF and all It's eaupments and
franchises
PROFITABLENESS.-o course nothing can be
afer than the bonds of the United States but as the
Government Ia no longer borrower and as The Ma
TOMS present work is not that OF preserving ia 81.
stence. but that Of DEVELOPING CONTINENT, we
remind those who desire to increase their income
and obtain more permanent investment while still
having perfectly reliable security. that;
United States b2Cs 1T the average premium yield
the present than W per cent gold in
terest should they DO redeemed In hye years, and
specie payments be resumed they would really pay
only ~ per cent or II in three years, only ~ per
cent. sthe present premium would meanwhile
sunk.
Northern Paoino 1873 selling at par In currency
yield thenvestor $40 per cent gold interest abso
utely for thirty years, frssJrom Uniisd tatss tar
elloo currency invested now In United States boOs
xia
invested now in Northern Pacific 7os will yield per
year In gold eso.O. Here Is . difference IA annual
come Of nearly ons-hfrd, besides difference OF to
ioper cent In principal when both Glasses OF bonds
are redeemed-
THE hoAD NOW BUiLDlNd.-Work was begun
nJuiy last on the eastern portion OF the limo and
the money provided by the sale to stockholders Of
some six millions OF the Company's bonds, to build