National Republican., 1873-05-31
New 7-SO Gold Loan
NORTHERN PACIFIC RAILROAD co
Secured By First Mortgage On Railroad and
Lnnd Grant.
SAFE. PROFITABLE! PERMANENT,
JAY COOKE & CO.

First Mortgage Land Grant Geld Bonds Of
They are free from United States tax, and
are Issued fthe following determinations
Coupons, 500, $500 and $1,000; reEis-
tered, 800, $500, $1,000, $1,000 and
$4,000.
with the same entire confidence with which we
commended Government bonds 10 Capitalists and
people, we now, after the fullest inyestiga ton
commend the Northern Pacific Railroad bonds TO our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable in Ameri
can gold coin. at the once Of Jay Cooke Co, New
York City-ths principal at the end OF % years and
the nters. at The ra,e Of seven and thrss enhs PEI
cent per annum) haif.yearly. nrst Of January and
July.
PERFECT sAFETY.-Tbe bonds We are now sell
ing are secured by nrst and only mortgage on all
the property and rights Of the Northern Pacific Raj
roa Company. which will embrace on the compile
ton Of the work, r.-..... .. r
l. Over Two Thousand Miles Of Road. with rolli n
stock. buildings. and all other equipments.
Over Twenty-Five Thousand Acres Of Land to
every mile Of finished road This landaErioultural
mbered and mineral. amounting in all 70 more that
Fifty Million Acres. consists Of alternate sections
reaching twenty 70 forty miles on 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. 10 Puget Sound.
While the Government does not directly guarantee
tho bonds Of the Road. II thus amply provides for
their full and prompt payment by an unreeeryed
grant Of land the most valuable ever conferred upon
great national improvements
THE MORTGAGE. : The Trustees under the
Mortgage are Messrs. Jay Cooke Of Philadelphia,
and .. Edgar Thompson. President Of the Pennsyl
yaniA Central Railroad Company They will di
reoty and permanently represent the interest Of the
First Mortgage bondholders, and arc required 10
500 that the proessd e land sales are used In psr
eAssizg I'D oaaesiias ne bonds Of As compaav n
they can be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
are 70 invest the proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for the fur
i thar security OF Northern Pacific bondholdorA
Also that they have at all times In their control N
security at least 300 acres Of average land TO every
ei,ooo Of outstanding hrst mortsase bonds. be
sides the railroad Itself and all its equipmsnts and
PRoTTTABLKsKss-of course nothing can b,
afer than the bonds Of the United States but ths
Government 10 no longer borrower, and as the Ne
toms present work Ia not that Of preserving ita on
4 stenoe. but that Of DEyELoPNa CONTINENT, W
remind those who desire 10 increase their incom,
/ and obtain more permanent investment while still
having perfectly reliable security, that; 4....
United States k2o's At the average premium ytels
tho present purchaser aas than ~ per cent gold II
forrest Should they be redeemed In ave years, AM
specie rsyments be resumed they would really pa,
only q. Per cent. or II In three years. only ~ pc
cent a. the present premium would meanwhile
sunk .......
Northern Pacific 7sgs selling At par In currenc
Yield thenvestor gio per cent, gold interest abs
utely for thirty years, frssJrom Dated .taiss Ia
ei,ioo currency invested now In United States SO
viii yisld per year In gold-say e; si.lOo currenc
invested now In Northern PAciho 7O's will Yield pc
year In gold esoM Here Ia difference 10 ashaai d
sous Of nearly oHstAird. hsaidos difference Of I
per cent in principal. when both classes Of bond
THE ROAD NOW BUu.DINo.-work was besu
n July last on the eastern portion Of the line an
the money provided by the sale 10 stockholders Q
some six millions Of the oompany's bonds. to bull
and equip the road from Lake superior across Mi
nesotA 10 the Red River Of the North sse miles IN
grading on this division Is now well advanced, N
iron is being rapidly laid: several thousand men
t work on the line. and about the nrst OF Augi
nert this importan-' section Of the road win BE-
full operation. In tho meantime orders have bee
sent 70 tho Pacino coast for tho commencement G
he work on tho western end in early spring. an
thereafter the work will be pushed both eastwAr
and westward, with a. much speed a. may be conRi
tent with solidity and wise economy.
RRORIvABLR FOR LANDS. These bonds W
be At ali tines before maturity. receivable. at lio
payment for the oompanys lAnda at their love-
oaAh prioe r .. r...
4 BONDS registered bond
can be exehanged Of any time for coupons the coupe
for registered, and both these can be exchanged q
others payable principal and interest, at any Of u
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 desire
. | amount and Of any needed denomination. Pernol
Wishing 70 exchange stocks or other bonds for the
can do 30 with any Of our agents, who will allow
highest current price for all marketable securit
Those living In localities remote from banks mi
send money, or other bonds. directly 70 uh by EXPIRE
| and we will send back Northern Paoino bonds at o.
own riak, and without cost 70 the investor For n
ther information, pamphlets, maps, kc.. call on
: Address the undsrsisned. or any Of the Banks
4 bankers employed TO sell this loan.
= For nAle by