National Republican., 1873-04-05
JAY COOKE & co.

Oner for sale ut par accrued Interest the
First Mortgage Land Grant Goid Bonds OF
the Northern Paclnc Railroad Company.
They are free from United states tax, and
are issued Of the foilowips denominations
Coupons, 500, $500 md 1000, rcRis-
tered, 500, $500, $1,000, $4,000 and
$4,000.
with the same entire confidence with which we
commended Government bonds to Capitalists and
people, now, after this fullest inyestiya ton re
commend the Northern Pacific Railroad bonds TO our
riends and the general public.
GOLD PAYMENT.
Both principh and interest are payable In Ameri
can gold coin, at the once Of Jay Cooke Co, New
York Cty-the PRINCIPAL at the end Of % years, and
the interest at the rate Of seven and three tenths pei
cent per annum) hAlf.yeariy, nrst Of January aud
July.
PERFECT sAFETY.nrbe bonds We are now sell
ing are secured by hrst and only mortgage on all
he property aud rights Of the Northern Pacihc Raj
road Company, which will embrace on the compile
ton Of the work
!. over Two Thousand Miles Of Road. with rollln
stock. buildings, aud all other equipments.
O. Over Twenty-Five Thousand Acres Of Land to
every mile Of finished road. This landagric ultural
mbered aud mineral. amounting In all to more that
Fifty Million AcreH, consists Of alternate sections
reaching twenty TO 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
the bonds Of the Road, II thus AMPLY provides for
their full aud prompt payment BY an unreserNod
grant of land, the most valuable ever conferred upon
q great national Improvement.
THE MORTGAGE. - The Trustees under the
Mortgage are Measru. Jay Cooke, Of PhilAdelphih,
and J. Edgar Thompson, President Of tho PennHyl
yAniA Central Railroad Com pany. They will di
recy and permanently represent the interest OF the
First Mortgage bondholders, and are required TO
that the PrOes,ds " load sales arc used In IHr
eAasiaS sd eaaesiiAg As tosds " hs cOnPIny II
they can be bought before maturity At not more
than 10 per cent. premium; Otherwise tho Trustees
are 10 invest the proceeds Of the land sales In United
States Bonds or Rca Estate Mortgages for the fur.
ther security Of Northern Pacific bondholders.
Also that they have at all times In their control
security at least 30 acres Of average land to every
eiUo Of outstanding nrSt mortgage bonds, be-
sides the railroad ITSELF and all is equipments and
| franchises.
PRoFITABLRNEss.- s.-of course nothing can be
afer than the bonds Of the United States but the
Government is no longer borrower, and as the Ma
toms present work Ia not that VI preserving Its
stence, but that of DEVELOPING CONTINENT, We
remind those who desire 10 increase their income
aud obtain permanent investment while still
having perfectly reliable security, that
| United states bys at the average premium yield
the present purchaser less than ~ por cent gold In
terest. should they be redeemed In Ave years, and
specie payments be resumed, they would really pay
only q. per cent. II In three years, only ~ per
cent, Us the present premium would meanwhile
sunk.
Northern PAcihc T-9Cs selling At par In currency
yield theinVestor $40 per cent gold interest Abso
utely for thirty years free JTon. USt,sd ftsss ioi
lilo currency invested now in United States S9OI
will yield per year In gOldHay ga; eilO currency
invested now in Northern Pacific 7JOs will yield pei
year in gold sso9O. Here ia difference In asAaal Ia
ooRs Of nearly OHsthird, besides difference Of 4
10 per cent In principal when both classes Of bond
are redeemed.
THE ROAD NOW BUILDING. Work was besur
July last on the eastern portion Of the line and
the money provided by the sale to stockholders o
some siI millions Of the Companys bonds, TO built
and equip the road from Lake Superior across Mil
nesotA 10 the Red River Of the NORTH 351 miles Tn
grading on this division Is now well advanced, III
iron ID being rapidly laid; several thousand men ar
at work On the ling. aud about the trst of AuSu
neat this importan~ section Of the rOad will be
full operation. In the meantime orders have beel
| sent 10 tho Pacific coast for tho commencement o
! the work on the western end In early spring, an
thereafter the work will be pushed both eastwAn
aud westward. with a. much speed as may be oonsil
! tent with solidity aud . wise economy.
RECEIVABLE FOR LANDS These bonds wi
be at all times before maturity, receivable, at Lilo,
payment for the ComPany's lands, at their loves
cash price.
. BONDS DsEXCHAN0EABLE.-Th regiatered bond
can be exchanged at any time for coupons the ccupo
for registered and both these can be exchanged "a
others payable, principal and interest, at any Of Ii
principal financial centres Of Europe In tho coin
: the various European countries
HOW TO GET THEM.-lOur nearest Bank {
u Banker will supply these bonds IN any desire
\ amount aud Of any needed denomination. PersoI
wishing to exchange stocks or other bonds for thei
can do 50 with any Of our agents who will allow u
highest current price for all marketable securiti'
A Those living IN localities remote frum banks ma
send money, other bonds, directly TO US by expire
Q and we will send back Northern Pacho bonds at oI
own rink and without cost 10 the investor, For fu
y ther information, pamphlets, maps, 6c, call on
! address the underuisned or any Of the Banks
e Bankers employed to sell this loan.
Il For sale by