National Republican., 1873-03-06
JAY COOKE & CO.

" - - ~ W.
Oa.r for saio q, par accrued Interest the
First MertE-sc Land Grant Geld Bopds ef
tho Northcru Paciac Railroad Company.
They arc free frcm Cnitcd States tax, and |
are i-sucd Of the following sdeuominntieusi |
Coupons, 500, $500 and st,OOOy reais- |
tered, 500, $500, $1,000, 5000 and
$4,000.
with tho same entire confidence with which We
commended Government bonds 70 Capitalists and
people, We now, after the fullest investia ton 70
commend the Northern Psoiho Railroad bonds TO our
riends and the general public
GOLD PAYMENT.
Both pyinolpal and interest are payable In Amori
Eold coin, at the once Of Jay Cooke Co, New
York City-the principal at the end Of % years, and
the narast a the rate Of seven and three tenthe pei
cent per annum) hAlfycarly, hrst Of January and
July.
PERYRcr sARETY.-Tbe bonds We are nov sell
ing are secured by hrst and only mortgage on all
he property and rights Of the Northern Pacific Raj
| road Company. which will embrace on the compile
| ton Of the worhi
l. Over Two Thoua.nd Miles Of Road, with roilin
stock, buildinE.. and all other equipments.
| 4 Over Twentytvo thousand Acres Of Land TO
cry mile Of finished road This land. agric ultural
mbsred and mineral. amounting In all 10 moro that
Fifty Million Acres. consists of alternate sections
reaching twenty 10 forty miles each side of the
tack. and ertending IN . bread fertile belt from
Wisconsin through the richest portions Of Mime
sota, Dakota, Montana, Idaho. Oregon. and wash.
inRton. 70 Puget Sound
while the ooyernmsni docs no, directly guarantee
ths bonds of the Road. u thus sniiy provides for
thsir full and Trompt Payment By an unresered
grant of land the most valuable ever conferred upon
great national imrrovsnent
THE MoRToAaR - The Trustees under The
Mortgage are Me.srr. Jay oooke. Of Philade p.aia,
and j. Edgar Thompson. President q the Pennsyl
vania Central Railroad Company. They will di
rccty and permanently represent the interest of the
First Mortgage bondholders, and are required 10
see that the procs q, Of ard sais, arc used In gur
esasf~g ass~s's.g ns to.fs " hs pO-pisp n
they can bs bought bofore maturity at NOD more
than 10 por can't premium; otherwise tho Trustees
invest the proceeds Of the land sales In United
States Bonds or Roal Estate Mortgages for the fur
: ther security OF Northern Pacinc bondholders
Also that they have st all times I'm their control Al
security at least 300 Of average land 10 every
siom Of outstanding frst mortgage bonds. be
sides the railroad itself. and all its equipments and
franchises.
|, PRoFfTABLEsEss OF course nothing can b,
Afer than the bonds Of the United States but the
a Government is no longer borrower and a. the Nc
tons present work II not that OF preserving its
! stence, but that of pRvkLopiso. A CONTINENT. WI
. remind thoee who desire 70 increase their noom
and obtain more permanspt investment while still
z having perfectly reliable security. thAti
= United States ssps At the ayerage premium yie
the present purchaser less than ~ per cont gold In
\ specie payments be resumed they would really Ia
n only ~ per cent, n In three Year,, only ~ pe
8 cent. As the present premium would meanwhile
% sunk,
u Northern Paeino TiUs selling at par in currrnc
yield theinvestor 1i0 cent gold interest abs
y utely for thirty ycarv, fec fon Dated fats n
y eOo currency invested now IN United States bau
y will yield per year In Eoldsay 80; t,l0 currcnc
~ invested now in Northern Pacific 7SOs will yield p,
y year in gold esaS Here 10 difference IA asSsai
nfU oaafh(rh heaidRa n tinaFenra Z
per cont in PRINCIPAL, when both eiAssea u bond
D THE Road NOW BUILDING. Work was besu
9, July last the eastern portion u the line
,, the money provided by the sale TO stockholders
> some sir millions Of the oompanys bonds to bull
sa sS ss S se,f ss
grading on this division Is now well advanced. II
= iron s beins rapidly laid: several thousand Al
,e at work the line. and about the nrst Of Augt
" next this importan~ section Of the road viii ba
In full opcration In the meantime orders have bee
n sent 10 the Pscino coast for sho oommencement
70 thereafter the work Will be pushed both eastwaI
s and westward. with much speed a may be cOnsi
~ y, tent with solidity aud wise economy.
n RECEIVABLE FOR LANDA The-s bonda vi
" be At all times. before maturity receivable, at L0
CT payment for the CompAny's lands, ct their lowe
q cash price
y DsExCHANaRABLE- The Registered bon,
be exchanged at any time for coupons the coup,
y; for registered, and both these be exchanged
ho others payable principal and interest Of any Of
M principal financial centres Of Europe In the coin
10 the various European countries.
Of HOW TO GET THEM.-Your nearest Bank
y. Banker will supply these bonds In any desir
IN amount and of any needed denomination. Perso
wishing 10 exchange stocks other bonds for the
" y do with any Of our agents. who viii allow
highest current price for all marketable securit
NJ Those living In localities remote from banks mi
send money, other bonds, directly to by eHprr
Ia aud will send back Northern Paoinc bonds at
he risk. and without cost 70 the investor For
an ther information, pamphlets, maps, kc.. call
81; address the undersigned, or any u the Danks
Y, Bankers employed 10 sell ulis loan
on Por sale BY