National Republican. (Washington City (D.C.)) 1872-1888, 1873-09-15
FINANCIAL.
TTNHNOINL.
New 7-3O Gold Loan
UF TIL
NORTHERN PACIFIC RAILROAD co
secured by First Mortgage on RaIIroad and
Land Grant.
sAFE! PROFITABLE. PERMANENT:
JAY COOKE & CO.

JAY COOKE & CO.
Oner for snlc Mt par accrued interest the
First Mortgage Lind Grant Gold Bonds Of
the Northern Pacific Rnilroud Company.
They are FREQ from United States tax, and
are issued Of the following dcnominuii onsi
Coupons, 500, $500 and 1000, regis
tered, 500, $500, $1,000, $1,000 and
$4,000.
with the same entire confidence with which we
commended Government bonds to Capitalists and
people, we now, after the fullest investipa ton re
commend the Northern Pacific Railroad bonds to our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable in Amer
can gold coin. at the office Of Jay Cooke Co.. New
York City-the principal ct the end OF % years. and
the interest lat the rate Of seven and three tenhE pei
cent. per annum) halfyearly. first Of January and
July.
PERFECT SAFETY.-Tbc bonds we are now sell
ing are secured by hrst and only mortgage on oil
therrope ty and rights Of the Northern Pacific Raj
roa Company, which will embrace on the compile
Ion Of the work:
l. Over Two Thousand Miles Of Road, with rollin
stock. buildings. and all other equipments.
O. Over Twenty-Five Thousand Acres Of Land to
every mile OF finished road. This landagricultu
inferred and mineral, amounting In all to more than
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, and Wash
inston, to Puget Sound.
While the Government does not directly guarantee
tho bonds Of the Road. II thus amply provides fol
their full aud prompt payment by m unreseryed
grant OF land tho most valuable conferred upon
great national Improvement
THE MORTGAGE. The Trustees under IN,
MORTGAGE arc Messrs. jay Cooke, Of Philadelphia
| and J. Edgar Thompson. President Of the Pennsy
ynnia Central Railroad Company. They will d
recty and permanently represent the interest Of tn,
| Frat Mortgage bondholdcrs, and are required Il
that the procsfds Of land sales are used in pu'
| chasing AID oaHesliRg he baads u The Company Il
| they can be bought before maturity at not NOR,
than 10 per cent premium; otherwise the Trustee,
are invest the proceeds Of the land sales in Uniet
States Bonds or Real Estate Mortgages for the fur
| Their security Of Northern Pacific bondholdcrs
Also that they have ct all times In thor control
security at least 800 acres Of average land to ever
| si.ooo Of outstanding frst mortgage bonds, b.
sides the railroad itself. and all its equipments
/ franchises.
pRoFITADlENEss.-o course nothing can b
afer than the bonds Of tho United states but tn
| Government Is no longer borrower, and as the N
toms present work Is not that Of preserving it's
stcnce, but that Of DEVELOPING CONTINENT. "
remind those who desire to increase their incom
and obtain more permanent investDent while sti
having perfectly reliable security. that;
United States Saws at the average premium yiel
the present purchaser less than ~ per cent gold
terost Should they be redeemed in five years, an
specie payments be resumed they would really pa
only u. per cent. or n In three years, only 81 pt
cent as the present premium would meanwhile
sunk,
Northern Paciae 7IsVs selling at par in currcnc
yield theinvostor $40 por cent gold interest ALI
utely for thirty years. free from Vafisd hiats' IA
si,iOO currency invested now In United States SO
will yield per year In god-say go; SLIGO currenc
invested now In Northern Pacific 7-oOs will yield p
year In gold eso0. Here is difference IN aShua
con. Of nearly ons.third. besides difference
per cent in principal. when both claases
THE ROAD NOW BUILDINa.-w was bcsr
n July last on tho eastern portion Of the line al
the money provided by the sale to stockholders
some six millions Of the Company's bonds to bni
and equip the road from Lake Superior across M
nesota 10 the He'd River Of the North s33 miles II
grading on this division Ii now well advanced. u
Iron IL being rapidly laid; several thousand men
, at work on the line, and about the first Of Aug
next this importan.s section OF the road will be
full operation. In the meantime orders have be-
sent 10 the Pacific coast for the commencement
!, the work ON the western end in early spring, ii
|. thereafter the work will be pushed both eastwa
9 and westward. with rs much speed rs may be cons
|, tent with solidity and wise economy.
BIO at ali times before maturity receivable at LILO.
payment for the Company's lands at their low
caBh price.
o BONDS EXCHANaEADI.E.-Ther registered bon
1t can be Of any time for coupons hecoup
n for registered. and both these can be exchanged
others, payable principal and interest, at any Of
principal financial centres Of Europe In the coin
n. the various European countries
HOW TO GET THEM-Your nearest Bank
T. Banker will supply these bonds in any desii
%, amount and Of any needed denomination. Pers'
Wishing TO exchange stocks or other bonds for tn
can do so with any Of our agents, who will allow
- highest current price for all marketable securii
w Those living in localities remote from banks n
aend money, or other bonds, directly to us by exp
TX and we will send back Northern Pacific bonds at
At own risk, and without cost to the investor. For
: ther information. pamphlets, maps. 6c.. call on
IL address the undersigned. or any Of the Banks
Bankers employed to sell this loan.
For sale by