National Republican., 1873-05-03
New 7-3O Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD 90
Secured by First Mortgage on Raiirond and
land Grant.
SAFE; PROFITABLE; PERMANENT,
JAY COOKE & co.


the Northern Pacinc Rnilroad Company.
They are free from United States tax, and
are Issued Of the following denominations
Coupons, 500, $500 md $1,000, regis
tered, 500, $500, $1,000, $4,000 and
$4,000.
with the same entire confidence with which we
commended Government bonds 10 Capitalists and
people, now. after the fullest inyestiga ton re
commend the Northern Pacific Railroad bonds to our
risnds and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Amer
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 cnths pei
cent per annum) halfyearly, hrst Of january and
July.
PERfECT sAFETY.-Tbe bonds we are now sell
ing arc uecured by hrst and only mortgage on all
the property and rights Of the Northern Pacific Rail
roa Company, which will embrace on the eomp!s
ton Of the work.
l. over Two thousand Miles OF Road. with rolin
stock buildings, and all other equlpments.
q Over Twenty-Five Thousand Acres Of Land TO
every mile OF finished road This landagric ulturAl
mbered and mineral. amounting in all to more that
Fifty Million Acres consists Of alternate sections
reaching twenty TO forty miles On each side Of the
track, and extending in q broad, fertile belt from
wisconsin through the richest portions Of Mime
sofa, Dakota, Montana, Idaho, Oregon, and Wash
inRton, 10 Puget Sound.
While the Government does not directly guarantee
the bonds Of the Road, It thus amply provides for
their full aud prompt payment by an unreseryed
grant Of land the most valuable conferred upon
great national Improvement
THE MORTGAGE. Tho Trustees under the
Mortgage are Measrs. Jay Cooke, Of Philadelphia,
and y. Edgar Thompson. President OF the Pennsyl
yaniA Central Railroad Company They will di
rectly and permanently represent the interest OF the
First Mortgage bondholders, and are required To
see that the prOes d. Of land sds' are used In Iur
| ohasing and oanesIfHg As bosIs Of tie CompIHy II
| they can be bought before maturity At not more
than 10 per cent premium; otherwise the Trustees
are TO invest the proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for the fur
ther security Of Northern Pacific bondholdera
Also that they have at all times in their control Al
security at least 90 acres Of average land 10 eyerJ
| sI,OOO Of outstanding first mortgage bonds, be
sides the railroad isef, and all Its equipments ant
| franchises.
PHoFITABLENEsS.-of course nothing can b
afer than the bonds Of the United States but as thu
Government is no longer borrower, and as the Ma
toms present work Ia not that OF preserving Its ex
stence, but that Of DEVELOPING CONTINENT, vi
| remind those who desire 10 increase their incom
| and obtain more permanent investment while still
having perfectly reliable security, thAti
| United States b9os At the average premium ytel
the present purchaser less than ~ per cont gold II
terest Should they be redeemed In ave years, an
specie payments be resumed they would really pa
only lli per cent or II In three years. only ~ pc
cent as the present premium would meanwhile
| sunk,
Northern Pacific 7sVs selling At par in eurrenc
Weld theinyestor $40 per cent. gold interest abs
utely for thirty years, free JToA UHtisd taiss 10
sl,lOO currency invested now in United States 80
will yield per year In gold-say ca; sliOO currenc
invested now in Northern Pacific 7SO's will yield IN
year in gold ssOs Here Is 4 difference Ia asRuuit q
| Soms Of nearly VHs1trd, besides difference Of
10 per cent in principal when both classes Of bono
| are redeemed
THE ROAD NOW BUILDING Work was begu
| July last on tho eastern portion OF the limo an
the money provided by the sale to stockholders
some six millions Of the Company's bonds, to bui
| and equip the road from Lake Superior across Mi
nesota 10 the Red River Of the North-s35 miles II
grading on this division Is now well advanced, Il
iron Ia being rapidly laid; several thousand men
at work on the line. and about the nrst Of Aur
next this impOrtans section Of the rOad will be
full operation. In the meantime orders have be,
sent to the Pacific coast for the commencement
the work on the western end In early spring, al
thereafter the work will be pushed both eastwA
and westward, with a. much speed ~ may be cons
tent with solidity and wise economy.
+ RECEIVABLE FOR LANDS These bonds v
be nt ali times before maturity, receivable, At TO-
n payment for the CompAny's lands at their low
A oAsh price.
!. BONDS sExcHANaEABLR.-The registered bon
can be exchanged at any time for coupons, the coup
h for reristered and both these can be exchanged
others payable, principal and interest, at any Of
principal financial centres OF Europe In the coin
. the various European countries.
HOW TO GET THEM-iour nearest Bank
8. Banker will supply these bonds In any desiT
- amount and Of any needed denomination. Perst
" wishing TO exchange stocks or other bonds for tn
can do 30 with any Of our agents, who will allow
iA highest current price for all marketable seourit
q, Those living in localities remote from banks n
ls send money or other bonds directly 10 us by eHpr
" and we will send back Northern Pacino bonds at
~ own rsh and without cost to the investor. For
be thsr information, pamphlets, mAps, 6o., call on
or address the undersigned, on any OF the Banks
"A Bankers employed to sell this loan.
M For sale by