National Republican., 1873-02-08
SAFE! PROFITABLE. PERMANENT.

JAY COOKE & co.
Oner for sale nt par accrued interest the
First MortEnRe 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 $1,000; regis
tered, 500, $500, $1,000, $1,000 and
$4,000.
With the same entire confidence with which wo
commended Government bonds To Capitalists and
people, wc now, after the fullest invcstig dtion re
commend the Northern Pacific Railroad bonds 10 our
rends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Amcri
can gold coin, at the ONCE OF Jay Cooke 4 Co, New
York Citythe PRINCIPAL at the end OF ~ years. and
the interest lat the rate OF and three enths pei
cent. per annuml halfy yearly, hrst of January and
July.
PERFECT SAFETY.-Tbe bonds We are now sell
ing are secured by first aud only mortgage on all
:he property and rights Of the Northern Pacific Rail
road Company, which will embrace ON the compile
ton Of the work
/. Over Two Thousand Miles OF Road. with rullin
stock, buildings, and all other equipments.
4 Over Twenty-Five Thousand Acres Of Land to
mberedand mineral. amounting In all to moro that
fifty Million Acres. consists OF alternate sections
reaching twenty to 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, aud 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 unreseryed
grant OF land the most valuable conferred upsn
4 great national Improvement
THE MORTGAGE. 80 The Trustees under the
Mortgage are Messrs. Jay Cooke, OF Philadelphia,
and j. Edgar Thompson, President OF the Pennsyl
Vania Central Railroad Company. They will di
rectly and permanently represent the interest OF The
First Mortgage bondholdeEs, and arc required TO
that the proos d' a land sales are used In pr
ehasiag a'd eaResIiRg ne boAd' qr tie coHBaRy II
they can DO bought before maturity at not more
than 10 per cent. premium; otherwise the Trustees
to invest the proceeds OF the land sales In United
States Bonds or Real Estate Mortgages for the fur
thor security Of Northern Pacific bondholdera,
Also that they have at all times In their control
security at least 600 Of average land to every
ei 600 Of outstanding hrrt mortgage bonds, be.
sides the railroad ITSELF and all Its equipments and
franchises.
PRoFITABLENEss.-O course nothing can b,
afer than the bonds Of the United States but as tho
Government Ia no longer q borrower and as the Ma
toms present work Ia not that OF preserving Its eI
stencc, but that OF DEvELoPS0I a CONTINENT, W,
remind those who desire TO increase their lncom,
and obtain more permanent investment while still
having perfectly reliable security. that
United States be0s at the average premium yielt
the present purchaser less than 81 per cent gold in
terest Should they be redeemed in five years, ant
specie payments be resumed, they would really pa,
only a. per cent or II In three years. only ~ PEI
cent, as the present premium would meanwhile
| sunk
Northern Pacific 1908 selling at par In currenc,
yield the investor $40 per cent gold interest abs
utely for thirty years, free from Uaiisd stls. tll
sl 100 currency invested now In United States $40
will yield per year In gOld-say s6l; siio0 currenc
invested now in Northern Pacific 7oOH will yield pc
year in gold Sslo Here is a difference ~ asHHli 4,
cone Of nearly oHsthiTd besides difference Of b
10 per cent in principal when both ciasres Of bond
| are redeemed.
THE ROAD NOW BUILDING Work was begu
In July last on the eastern portion Of the line An
the money provided by the sale to stockholders a
some six millions Of the COmpany's bonds, 10 bull
and equip the road from Lake Superior across Nj
nesota to the Red River Of the NOrth-al miles Til
grading on this division Ia now well advanced III
iron Ia being rapidly lad several thousand men ar
| at work on the line, aud about the first OF AuRI
next this impOrtan- section OF the road will bo
full operation. In the meantime orders have bee
sent to the Pacific coast for the commencement
the work on the western end In early spring, an
thereafter tho work will be pushed both eAstwAr
and westward. with as much speed may DO cOnsi
tent with solidity and a wise economy.
RECEIVABLE FOR LANDS These bonds wi
be at all times before maturity, receivable at lO
payment for this COmpany's lands, at their lows
cash price.
BONDS SEXCHARGEABLE.-T registered bond
be exchanged at any time for coupons the coupe
for registered, and both these can be exchanged Il
others payable, principal and interest at any Of Ii
principal financial centres Of Europe in the coin
the various European countries.
HOW TO GET THEM.-Your nearest Bank q
IL Il a.
amount and Of any needed denomination. Person
wishing to exchange stocks or other bonds for thes
can do so with any Of agents, who will allow III
highest current price for all marketable seouritie
ThOse living in localities remote from banks ma
send money, other bonds directly to by eIpres
and we will send back Northern Pacific bonds at on
own risk, and without cost to the investor For n
ther information, pan pallets, mRps, nc, call on G
address the undersigned. or any OF the Banks q
Bankers employed to sell this loan,
For sale by