National Republican., 1873-06-28
New 7-3O Gold Loan
NORTHERN PACIFIC RAILROAD co
Secured by First Mortgage on Raiiroad and
Land Grant.
SAFE. PROFITABLE, PERMANENT,
JAY COO kE & CO.

Ofier for sale at par accrued interest the
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They are free from United States tas, and
arc Issued Of the fsilswinE Edenomlnatisnsi
Coupons, 800, $500 and $1,000, rcEi--
tered, 500, $500, $1,000, $1,000 and
$4,000.
with the same entire confidence with which We
commended Government bonds % Capitalists and
people, we now after the fullest invcstigA ton re
commend the Northern Pacific Railrosd bonds 70 our
rienda and tho general public.
GOLD PAYMENT.
Both principal and interest are payable In Ameri
can gold coin At the once Of Jay Cooke Co. New
York City-the principal At the end Of % years. and
the interest at the rate OF and three enths pei
cent per annum) halfyearly. hrst Of January and
July.
PRRfEcr sAFETY.-Tbe bonds We arc now sell
ing are secured by lrst and only mortgage on all
theprope " ana rights Of the Northern Pacific Ra
roa Company. which will embrace on the compile
ion Of the work.
l. over Two Thousand Miles Of Ilosd. with rollin
stock, buildings, and all other equipments.
4 Over Twenty-Five Thousand Acres Of Land to
every mile Of finished road This lAndagrieultural
mbored and mineral. amounting In all 10 more than
Fifty Million Acres, consists Of alternate sections
reaching twenty 70 forty miles on each side Of the
track. snd extending In . broad. fertile belt from
sofa. DAKOTA, Montans, Idaho, Oregon. and wash
instoh. 10 Puget Sound
while the doyertffncnt docs not directly guarantee
the bonds Of the Road, II thus amply provides for
their full and prompt payment by an unre.erved
grant Of land the most valuable ever conferred upon
great national improvements
THE MORTGAGE. The Trustees under the
Mortgage arc Messru Jay Cooke, Of Philadelphia,
and J. Edgar Thompson, President Of the Pennsyl
vaniA Central Railroad Com pany. They win di
First Mortgage bondholders, and sfe required to
SEQ that the proceeds " laAd saiss arc used In Psr
chasing o. d eaaeshsg he toads a( hs Company n
they can be bought before maturity Of not more
than 10 per cent. premium; otherwise the Trustees
are 70 invest the proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for the fur
ther security Of Northern Pacific bondholders.
Also that they have At all times In their control
security at least 300 Of average land 70 every
siOoo Of outstanding nrut mortsaso bonds, bo-
sides the railroad itself and all its equipments and
PROFITADLENEss.-o course nothing can be
Afer than the bonds Of tho United States but the
Government Ia no longer borrower, and a. the Ma
tons present work not that OF preserving It's eI-
stence, but that Of DKvELoPIsa A CONTINENT, We
remind those who desire 10 increase their income
aud obtain more permanent investment while still
having perfectly reliable security. thAti
United States k9gs at the average premium yield
the present than ~ pcr cont gold In
terest should they be redeemed In ave years, and
specie payments be resumed they would really pay
only az per cent or n In three years, only sh per
cent as the present premium would meanwhile
sunk. .
Northern Pacific Isgs selling At par In currency
Yield thenvestor $40 per cent sold interest Abso
utely for thirty years, free Jrom Dated iafss tar
OF 100 currency invested now In United States baos
will yield per year In soldsAy 90; eiioo currency
invested now In Northern PAcinc fSos viii yield per
year In gold ssoSo. Here IL difference tH annual s
com. of nearly oas.tItd, besides difference Of 10
10 per cont in principal when both Glasses Of bonds
are redeemed
THE ROAD NOW BUILDIso.-work was begun
July last on the eastern portion Of the line and
the money provided by the sale TO stockholders Of
some slK millions Of the Oompany's bonds, 70 build
and equip the road from Lake Superior across Min
nesota 10 the Red River Of the North 2as miles Tho
grading on this division Ia now well advanced. the
iron 10 being rapidly laid; several thousand men an
at work on the line. and about the hrst Of Angus
neIt this important. section Of the road viii be D
full operation. In the meantime orders have been
sont 10 the Pacific coast for the commencement Of
the work on the western end in early spring. and
thereafter the work wnl bo pushed both eastward
and westward. with - much speed As may be conHis
tent with solidity and wise economy.
RECEIVABLE FOR LANDsI These bonds viii
be At all times, before maturity receivable at LILO. In
payment for the company's lands at their lowest
cash price
BONDS sExCHANdEABLE.-The registered bonds
can be at any time for coupons the coupon
for registered and both these can be exchanged for
Others payable, principal and interest," At any Of the
principal financial centres Of Europe In the coin q
the various European countries.
now TO GET THEM.-Your nearest Bank or
Banker will supply these bonds In any desired
amount and Of any needed denomination. Persons
wshing 10 exchange stocks other bonds for thess
can do so with any Of agents. who win allow the
highest current price for all marketable securities
Those living in localities remote from banks may
send money. other bonds directly 70 us BY express
and we will sand back Northern Paoino bonds ct oui
own rAk, and without cost to the investor. For fur
lher information. pamphlets, maps, &c, call on
address the undersigned. or any Of the Banks
Bankers employed TO sell this loan.
For sale by