National Republican., 1873-06-30
GOLD PAYMENT,


Doth principal aud interest are payable in Ameri
can gold coin, 81 the once uf Jay Cpokc Co, New
York Ciiy-the principal al the end Of % years, and
tho interest lat the rate Of and three enths pei
cent per annum) half yearly, nrut Of January and
July.
PEnYECT sAFETY.-Tbe bonds We are now sell
ins are Decured by nrst and only mortssse on all
theprope " aud 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 bulldingr, and all other equipmcnts
y Over Twenty-Five Thousand Acres Of Land 10
every mile Of finished road. This landssricultural
mbered and mineral, amounting In all 70 more than
finy Million Acres. consists Of alternate sections
reaching twenty 10 forty miles Un each eide Of the
track aud extending In q broad, fertile bolt from
Wisconsin through tho richest portions Of Mime
sofa. Dakota. Montana, Idaho, Oregon, and Wash.
lnRton, TO Puget Sound. ..
While the Government does not directly guarantee
the bonds Of the Road, Il thus amply provides for
their full and prompt Payment by an unroseryed
grant Of land. the most valuable ever conferred upon
a groat national Improvement
THE MORTGAGE. = Tho Trustees under the
Murtzse are Messrp. Jay Cooke. Of Philadelphia,
and ]. EdzAr Thompson, President Of the Pennsyl
| vania Central RAilrpad Com pany. They will dl
recly and permanently represent tho interest Of the
First MortgAge bondholders, and are required TO
see that tho proes q a iaad sales are used In pHr
eAasisg ~ q eaaosifsg hs bosds u hs Company N
they can be bought before maturity at not more
than 10 per cent. premium; otherwise the Trustees
are 20 invest the proceeds Of the land sales In United
States Bonds or Real Estate Mor,ages for the fur.
thor security Of Northern Pacino bondholderN
Also that they have at all times In their control
security at least bo acres Of average land 10 every
| siop Of outstanding hrut mortgage bonds, be.
sides the railroad ITSELF and all la equpnents and
| franchises.
PRoFITABLENEss.- course nothing can be
afer than the bonds Of the United Bates but the
Government lie no longer aborrower, and a. the q
toms present work is not that Of preserving is en-
Htencc, but that Of DEVELOPING coNTIEENT. We
remind those who desire 10 increase their income
and obtain more permanent investment while still
having perfectly reliable security, that!
| United States saws Of the average premium yield
the present less than " per cont gold In
terest should they bo redeemed In ave years, and
specie payments be resumed they would really pay
only q. PER cent OF II In three years, only ~ per
cent, a. the present premium would meanwhile
sunk.
Northern paclne 7STs sailing at par In currency
Yield theinyestor $40 per cent gold interest ALSO
utely for thirty years, IrssJto- Usi'sd staiss tar
a. iOO currency invested now In United States bJs
viii yield per year In sold-tAy &c; si,ieo currency
invested now In Northern facnc ToJs will Yield per
year In gold ssoM Here is difference "a aSssai ~
eo-s Of nearly sasiAiri, besides difference Of 70
10 por cent IN principal when both classes Of bunds
THE ROAD NOW BUILDING Work was bosun
July last on tho eastern portion of the line and
the money provided by tho sale to stockholders OF
some siI millions OF the CompAny's bOndS, 10 build
/ and equip the road from Lake Superior across Min
nesota TO the Red River Of the Northsn miles. The
grading on this division IL well advanced, the
iron is being rapidly laid; several thousand men an
At work on the line. and about the hrst Of Angus
next this importan- section Of the rUad viii be u
| full operation. In the meantime orders have been
sent 70 the Pacific coast for the commencement Of
| the work on tho western end In early spring, and
| thereafter tho work will be pushed both eastward
and westward, with a. much speed ~ may be consis
/ tent with solidity and wise economy.
REcEIvABLE FOR LANDs.- These bonds vii
be At all times, before maturity, receivable at Lio IN
payment for the oompany's lands at thdr lowet
caah price
BONDS DsExCHANoEABLE-T The registered binds
can be exchanged at any time for coupons cjupon
for registered. and both these be EXCHANGED for
others payable, principal and interest," al a,y Of the
principal financial centres Of Europe In tho coin OF
| the various European countries.
HOW TO GET THEM.-Your nearest Bank or
Banker will supply these bonds IN any desired
amount and Of any needed denomination. Persons
Wishing TO exchange stocks other bonds for these
can do with any Of our agents. who will allow the
highest current price for all marketable accuritis
/ Those living In localities remote from banks mH
send money other bonds directly 70 us BY express
and we will send back Northern Pacific bonds At suf
own risk and without cost 10 the investor. For fur
ther information, pamphlets, mAps, &c, call on
address the undersigned. or any u the BArAs
BANKERS employed 70 sell this loan.
For sale by