National Republican., 1873-03-07
JAY COOKE & CO,

oGcr for sale at par accrued iptere.t N
First Mortgage Land Grant Gold uond. ,
the Northern Pacific Railroad Compap,
They are free from Cnitcd States ,ax, nm
are Issued ofthe following Denomination,
Coupons, 500, $500 aud 81 200, rcai,
tered, 500, $500, $1,000, $1,000 an
$4,000.
With the same entirc confidence with which u
commended Government bonds To CapItalista an
people, We now, after the fullest inyesti,ra tIon
commend the Northern Pacific Railroad bonds 10 or
riends and the general pnbllc
GOLD PAYMENT.
Both principal and interest are payAble In Anne
can gold coin. at the office OF Jay Cooke A Co Ne
York City-the principal at the end Of % years an
the Interest lat the rate Of seyen and three enhs n.
July. ="
PERfECT sAFETY.-Tbe bond. VIC are now AL
ing are secured BY first and only mortgage on a
me property and rights Of the Northern Pacific Ia
road Company, which will embrace on The compl
tion Of the work:
l. Over Two thousand Miles Of Road, with rolli
"ocE, buildings, aud all other equipments
q Over Twenty-Five thousand Acres Of Land ,
cry mile OF finished road. This land aVrie ult,Ira
inbered and mineral. amounting In all to more TN
fitty Million Acres consists OF alternate Rertion
reaching twenty to forty miles on each side Of N
uaek' and extending In q broad, fertile belt froI
Wisconsin through the richest portions Of Minn
ihston. to PIiSet Sound.
while the Government does not directly salarante
the bonds Of the Road. II thus amply nroyidss n
thelr full and prompt payment By an unrea4rye
grant OF land the most valuable ever conferred upo
Agreat national Improvement
THE MORTGAGE. The Trustees under IN
Mortsape are Messrs jay Cooke, of PhIladsIpbi,
and j. Edsar Thompson, President OF the PennsI
vania Central Railroad Company, They will 4
recty and permanently represent the interest on IN
rnSt hortsase bondholdera, and are required /
seo tnAt tne PToessds " land sales are used In ~
eAasing oa@osiing hs bo=ds QI he CoHp,sv /
they can be bought before maturity at NOT mor
thAn 10 per cent premium; otherwise the Trustee
are 10 inVeat the proceeds Of the land sales In unte
States Bonds or Real Estate Mortgages for Tho m
ther security OF Northern Pacific bondholdeT,
Also that they have At all times I'm their control
security least 600 acres Of average land 10 ever
ei.Go OF outstanding nrst mortgage bonds. h,
sides the railroad ITSELF and all its eduipments an
franchises ~"
pRofITABLENEss.--o course nothing oan h
Afer than the bonds OF the United States but as M
Government Ia no longer borrower, and as the Nr
tons present work is not that Of preserving ts e,
stence, but that Of DEVELOPING, A cosrSrsr. W
remind those who desire to increase their incom
and obtain more permanent investment while ~
having periectly reliable security. that
United states b9sat the average premium ytel,
the present purchaser less than 81 pcr cent gold n
terest should they bo redeemed In nve years, an,
specie payments be resumed, they would really IA,
only ~ per cent, or II In three years. only ~ pe
cent as the preoent premium would meanwhile
sunk,
Northern Pacific 79Vs selling at par in currepe,
yield thelnyentor $40 Per cent gold interest abs
utely for thirty years, free from Uai,sd tate, "a
l.loO currency invested now In United States go
will yield per year In gold-say s62; eiIOo clrrenc
inVerted now In Northern Pacific 7sO'a will Weld ne
year In gold sson Here IL q difference is aspuai d
CONE OF nearly OHs hfsi, besides difference of b
10 per cent in principal when both elasaes Of bond
are redeemed
THE ROAD NOW BUILDING Work WA b.s,p
n July last on the eastern portion OF the line an,
the money provided by the Aale 10 stockholdera O
some six millions Of the Company's bonds 10 bnil,
aud eanip the road from Lake Superior across Mi
nesotA TO the Red River Of tho North IA mlles Tn
srading on this division is now well advanced, Ii
iron Ia being rapidly laid several thou sand men ar
1t work on the line, and about the frst OF AuIu
next this importanS section OF the road will he ,
fnll operation. In the meantime orders have hee,
sent 70 the Paciho coast for the eoAmenoement 0
me work on the western end In early spring. an,
thereafter the work will be pushed both oastwar
and westward, with as much speed as may be oonsis
tent with soldity and wise economy, ,f..||
RECEIVABLE For LANDa These bonds VII
be At all times, before maturity receivable at TO- il
payment for the Companys lands at their loves
cash price
BONDsExCHANaEADLE The registered bond
IAN be exchanged any time for coupons the coupol
Tor registered, and both these can be exchanged 10
'thers, payable. principal and interest at any Of h
principal financial centres OF Europe In the coin
ho various European countries.
HOW TO GET THEM.-YOur nearest Rank o,
Banker will supply these bonds In any deaire,
mount and Of any needed denomination. Person
Wishing TO exchange stocks or othar bonds for thes
an do 30 with any Of agents, who will allow tn
hsheat current price for all marketable securties
Those living In localities remote from banks ma,
end money or other bonds directly to US by expires
md We will send back Northern Pacific bonds at ON
,wn risk. and without cost 10 the investor For fur
her information, pamphleta. maps, 6c., call on o.
Iddress the undersigned. or any Of the Banks o.
lankers employed to sell this loan.
'or sale By