National Republican., 1873-02-06
FINANCIAL.
New 7-3O Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD co
Secured by First Mortsnse on Railroad and
Land Grant.
SAFE. PROFITABLE, PERMANENT,
JAY COOKE & co.

IA Y COOKE q CO.
Oncr for sale nj par accrued interest the |
First Mortgage Land Grant Gold Bonds Of
the Northern Pnrinc 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 We
commended UoNerlment bonds 10 Capitalists and
people, we now. after tho fullest investisa ton
commend the Northern Pacific Railroad bonds TO our
riends aud the general public.
GOLD PAYMENT.
Both principal and interest are payable In Ameri
can gold con at the once OF Jay Cooke 4 Co, New
York Ciy-the principal at the end Of % years. and
the interest lat the rate Of and three tenthS pei
cent PER annum) half.yeariy. hrst Of January and
July.
| PERfECT SAFETY.-Tbe bonds we arc now sell
| ing are secured by frst and only mortgage on all
he property aud rights Of the Northern Pacific Rail
| road Company, which will embrace on the COMPILE.
ton OF the work
1. Over Two Thousand Miles of Road. with rolling
stock, buildings and all other equipments.
4 Over Twenty-Five Thousand Acres Of Land to
cry mile Of finished road. This land, agricultural,
mberedand mineral amounting In all TO more that
Fifty Million Acres consists Of alternate sections
reaching twenty TO forty miles on each side Of the
track, and extending In q broad. fertile belt from
! Wisconsin through the richest portions OF Mime
sofa, Dakota, Montana, Idaho. Oregon, and Wash
inRtOn, 10 Puget Sound.
While the Government does not directly guarantee
the bonds Of the Road, 1t thus amply provides for
their full and prompt payment by an unrcscrycd
grant Of land the most valuable conferred upsr
q great national Improvement.
, THE MORTGAGE. 90 The Trustees under IN,
Mortgage arc Messrs. Jay Cooke, Of Philadelphia
/ and J. Edgar Thompson. President Of the PennsyI
vania Central Railroad Company. They will d
rectly and permanently represent the interest Of thi
First Mortgage bondholders, aud required b
see that the prScsss ef iasd sales ars used In gI
eAasfag a'd caSssiiag ne boai' u ne C0s,BsRy
!, they can be bought before maturity at not NOR
= than iOper cent premium; otherwise tho Trustee
are to invest the proceeds Of the land sales In Unte
States Bonds or Real Estate Mortgages for the fu
ther security Of Northern Pacinc bondholder.
Also, that they have at all times In their control
security, at least TO Of average land ever
4 Si,Uo OF outstanding hrst mortgage bonds, b,
sides the railroad itself aud all its equipments
u franchises.
=. PROFITABLENBss.- s.-of courye nothing can b
afer than the bonds Of the United States but th
/ Government Is no longer borrower, and hs the NJ
= tons present work IL not that OF preserving is ei
= stence, bat that Of DRyELoPISol A CONTINENT, "
" remind those who desire TO increase their inoOm
:. and obtain permanent investment while sti
- having perfectly reliable security. that
Il United States b0's at the average premium yiel
the present purchaser less than 81 per cont gold Il
terest should they be redeemed In Ave years au
Y specie payments be resumed. they would really Ia
~ only ps per cent, II In three years only ~ y,
i. cent. as the present premium would meanwhile
sunk
Northern Pacific 7.sCs selling at par in currenc
yield the investor $40 per cent gold interest Ab
y utely for thirty years, free JrOs UHsd stai,s IA
n si.ico currency invested now in United States -
will yield per year In god-say s6l: il0o currenC
invested now in Northern Pacific 7So's will yield y.
year In gold ssOO Here il 4 difference ia asEsai
eoAs OF nearly oas.iAird. besides q difference Of
10 per cent In principal when both classes Of bOn'
IN are redeemed.
r. THB ROAD NOW BUILDING. Work was besI
In July last on the eastern portion of the line Al
IL the money provided by the sale 70 stockholders
* some sI millions Of tho COmpahy's bonds 10 hui
4, and eluip the road from Lake Superior Aorosa N
~ nesOa to the Red River Of the NOrth-1H milea II
n grading on this division IL well advanced Il
iron is being rapidly laid: several thou sand men
Is at work on the line, aud about the nrpt Of Aug
NJ neIt this importan.. section Of the road will be
II. full operation. In the meantime orders have be,
~ sent TO the Pacific coast for tho commencement
4, tho work on the western end In early spring, Al
q. thereafter tho work will be pushed both eastwA
y. and westward with much speed as may be cons
,1r 2r tent with solidlty aud wise economy.
no RECEIVABLE FOR LANDS. These bonds W
9 be at all timee, before maturity. receivable ct ll0
Iiaa payment for the Companys lands at their low'
Ii cash price.
!. BONDS sRxCHANGEABLE.-Th registered bon
~ be exchanged at any time for coupons the coup
M for registered and both these can be exchanged
ice Others payable, PRINCIPAL and interest at any OF
~ principal financial centres OF Europe In the coin
il the various European countries.
-. HOW TO GET THEM-YOur nearest Bank
M Banker will supply these bonds In any dear
le- amount and OF any needed denomination. Pers0
wishing 10 exchange stocks other bonds for ths
y n do with any Of agents, who will allow
' highest current price for all marketable securti
lct Those living in localities remote from banks m
ct send money other bonds. directly TO by eIpr'
n H. and we will send back Northern Paoinc bonds Ut o
,nt own risk and without cost TO the investor For
Tor ther information pan lleta mars Ae., call on
All address the undersigned, or any OF the banks
Use bankers employed to sell this loan.
Itd For sale By