National Republican. (Washington City (D.C.)) 1872-1888, 1873-08-12

New 7-SO Gold Loan
OF rm
NORTHERN PACIFIC RAILROAD co
seoured By First Mortgage % Railroad ssA
Land GRANT.
SAFE, PRoFlrABLk, PERMANENT
JAY COOKE & CO.

Offer for sale at par accrued Interest the
First Msrsaae Land Grant Geld Bsads 81
the Northern Pacinc Railroad Company.
They are free from United states tax, and
are issued sfthc following Seusnlnatissss
Coupons, 800. $500 and $1,000 reais-
tered, 500, $500, $1,000, $1,000 a.a
10000.
with III. same entire confidence with which W
commended Government bonds TO Capitalists and
people, now. after the fullest invsstiga ton
commend the Northern Pacific Railroad bonds 70 our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable I'm Amer
can gold coin. Of tho once Of Jay Cooke Co, New
York Cty-the principal at the end Of % years. and
the interest lat the seven and three tentha PEI
cont per snnum) hahyearly. nrst Of January and
| July.
PERfEeT BAFETY.-Tbe bonds We are now sell
Ing are secured by nrst and only mortgage on all
theprope ~ and rights Of the Northern Pacific Raj
roe Company. which will embrace on the compile
ion Of the work,
l. Over Two thousand Miles Of Road. With roilin
| stock. buiidinss, and all other equipments.
3 Over Twenty-Five thousand Acres Of Land TO
every mile Of finished road. This lAndAgricultural
mbered and mineral. amounting in all to more than
Fifty Million Acres, consists OF alternate sections
reaching twenty 10 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.
while the Government does not directly susrsntss
the bonds Of the Road. II thus amply provides for
their full and prompt payment by an unrosorvsd
grant Of land the most valuable conferred upon
great national Improvement
THE MORTGAGE. The Trustees under the
Mortgage are MessrsL Jay Cooke. Of Philadelphia.
| and j. Edgar Thompson, President Of the Pennsyi
vania Central Railroad mpsny. They win al
rsctly and permanently represent the interest OF tie
First Mortgage bondhoders, and are required 10
that the proes. d. Of iand saiss used In psr
eAastss ssd eaaesiins As eo~ds Of As co~psas n
they can be bought before maturity at mot more
than ~ Per cent premium; otherwise the Trustees
70 invest the proceeds Of the land sales in United
States Bonds or Real Estate Mortgages for the fur.
| thsr security Of Northern Plcinc bondholdsrs.
Also. that they have Of all times In their control o.
security at least 800 Of average land 10 every
si.ooo Of outstanding nrst mortsass bonds. BE-
sides the railroad itself. and Ill IT. equipments md
PROYITABLRNKss.-o eourss nothinr can be
ser than the bonds Of the United States but - The
Government 10 no longer borrower, and a. the Ms
tons present work IL not that of preserving II. s1.
stsncs. but that Of DEVELOPING A CONTINENT. We
remind those who desire 10 increase thsir income
md obtain more permanent investment while still
having perfectly reliable security. thAti
United States t1's ct the averaSe premium ytsld
the present less than W per cent Fold In
forest Should they be redeemed In I'VE years. and
specie payments be resumed they would really pay
only " per cont. or n In three years. only ~ Per
cent - the present premium would meanwhile
| sunk,
Northern Pacific 7sVs selling 1t psr in currency
Yield thenyestor sio per cent gold interest sbss
utely for thirty years. free from United tass iax
eiIoo currency invested now In United States S20s
win Yield Per year in sold-say ca; sioo currency
invested now In Northern Pacific 7sos will Yield 20
year In gold sso.D Here Il difference IN anHsaii
| CONE Of nearly orsthtrd. besides Q difference
ioper cont in principal. when both claasss
THE ROAD NOW BUILDING. Work v.s begun
July last on the eastern portion Of the line and
the money provided by the sale to stockholders Of
some six millions Of the Company's bonds. 10 build
and equip the road from Lake Superior across Min
nssota 70 the Red River Of the North xs miles. The
grading on this division 10 now well sdvanoed the
Iron IL being rapidly laid; several thousand men an
| 1t work on the line. and about tho nrst OF Angus
next this importans section Of the rad win be
full operation In the meantime orders have bssn
| sent 70 the Pacific coast for the commencement OF
the work on the western end In early spring, and
thereafter the work will be pushed both eastward
md westward. with - much speed may b eoaais.
| tent with solidity and : wise economy.
RECEIVABLE FOR LANDS. Those bonds will
be Of al times. before maturity receivable, at iiO In
paymsntfor the oompsny's lands ct their lowest
cAsh prtoo.
BONDS The registered bona,
osn be exchanged any time for coupons the coupon
for registered. and both those be exchanged for
others payable PRINCIPAL and interest," ct any Of the
principal financial centres OF Europe in the coin Of
the various European countries
HOW TO GET THEM.-Your nearest Danh or
BANNER viii supply these bonds In any desired
| amount and Of any needed denomination Persons
Wishing TO exchange stocks or other bonds for these
can do 30 with any Of agents. who will allow the
highest current price for all marketable securities
Those living In localities remote from banks may
send money or other bonds, directly to BY express
and We viii sand back Northern Pacific bonds at our
own risk and without cost TO the investor For fur
thor Information. pamphlet. maps. 10. call on
sddress the undersigned. of any Of the Banks
Bankors employed 10 SILL this loan.
For sale by