National Republican. (Washington City (D.C.)) 1872-1888, 1873-05-17

JAY COOKE & CO.

JAY COOKE & co.
Oner for saie ut par accrued interest the
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They are free from United States tax, and
aro issued ofthe following denominations
Coupons, 500, $500 and 81 200, reRis-
tered, 500, $500, $1,000, $1,000 and
| $4,000.
with ths same entire confidence with which We
commended Government bonds to Capitalists and
people. now, after the fullest nvestiga ton 70
commend the Northern Pacific Railroad bonds to
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Amori
can gold coin, at the ONCE Of Jay Cooke Co, New
the interest lat tho rate Of seven and three tenhs pei
cent per Annum) hAlf.yearly, nrst Of January and
July.
PERFECT sAFETY.-Tbe bonds va are now sell
ing are secured by frst and only mortgage on all
the property and rights Of the Northern Pacific Hail
| roA Company. which will embrace on the compile
i ton OF the work;
l. Over Two Thousand Miles Of Road. with rollin
stock, bdildinss, and all other equipments.
q Over twenty-five Thousand Acres Of Land to
1 ~
INBRED and mineral. amounting in all to more thar
| Fifty Million Acres consists Of alternate sections
i reaching twenty TO forty miles 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.
inston, to Puget Sound.
While the Government does not directly guarantee
the bonds Of the Road. II thus amply provides for
thair full and prompt payment by an unreseryed
grant Of land the most valuable conferred upon
i great national improvements
THE MORTGAGE. - The Trustees under tho
i Mortgage arc MesHrs Jay Cooke, Of Philadelphia.
/ and J, Edgar Thompson, President OF the Pennsyl
yAniA Central Railroad Com pany. They will di
recty and permanently represent the interest OF the
| First MORTGAGE bondholders, and are required to
see that the prossd Of laAd sales are used In pUr
| eAasfag ssd eaResiiag tie bonds II tie Company II
| they can be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
invest the proceeds OF the land sales in United
States Bonds or Real Estate Mortgages for the fur
/ Their security Of Northern paciho bondholders.
Also that they have at all times In their control a.
security ct least 800 acres Of average land 10 every
siyooo Of outstanding hrst mortgage bonds, be
sides tho railroad itself. and all is equipments and
franchises
NORTHUMBERLAND course nothing can bt
afer than the bonds Of the United States but the
Government IL no longer borrower, and a. the Ma
toms present work Ia not that OF preserving Its eI
| stencs but that Of DEVELOPING CONTINENT, We
remind those who desire 70 increase their income
| and obtain more permanent investment while still
having perfectly reliable security, that;
United States SAWS at the average premium yield
tie present purchaser ess than ~ per cent gold In
tsrest Should they be redeemed In ave years, and
specie payments be resumed they would really pay
only "a per cent, or in three years, only ~ pei
cent rs the present premium would meanwhile
sunk,
Northern Pacific 7.s0s selling at PAR In currency
Yield thenVestor SO per cent gold interest absc
utey for thirty years Ivss from DATED ftaiss fai
siiOo currsaoy invested now In United States b2oi
will yold per year In gold-say Ga; SLIGO currency
invested now In Northern Pacino 7SOs will yield pei
year In gold ssoSo Here Ia difference Ia oHHsai Ia
! enc OF nearly SnsAird. besides difference OF ! Z
per cent in principal, when both classes Of bond
| are redeemed.
THE ROAD NOW BUILDINa.-wort WAS begun
July last on the eastern portion OF the line Ant
tho money provided by the sale to Gtociholdss o
some sir millions Of the Company's bonds, TO built
and equip the road from Lake Superior across Min
nesota 10 the Red River Of the North ~ miles Tn
grading on this division is now well advanced. tn
iron ia being rapidly laid; several thousand mem
at work on the line. and about the irst Of Ausu
| next this importAn.s section OF the road will be
| full operation. In the meantime orders have beer
| sent 10 the Pacific coast for the commencement o
he work on the western end In early spring. AM
| thereafter the work will be pushed both eastwar
and westward. wtth ~ much speed ~ may be oonsil
tent with solidity and wise economy.
| RECEIVABLE FOR LANDS. These bonds wi
be at all times before maturity, receivable at Il
: payment for the Compsny's lands at their loves
| cash price
BONDS INTERCHANGEABLE The registered bond
be exchanged At any time for coupons the coupe
for registered, and both these can be exchanged 70
others, payable principal and interest, at any Of III
principal financial centres Of Europe In the coin
| the various European countries
HOW TO GET THRM.-YOur nearest Bank @
Banker will supply these bonds In any desire
= | amount and of any needed denomination persop
wishing to exchange stocks other bonds for hef
T. can do so with any Of our agents. who will allow Ii
e highest current price for all marketable seourtis
, Those living In localities remote from banks ma
send money, or other bonds directly to by eIprel
. and will send back Northern Pacific bonds At
own risk, and without cost to the investor. For ni
2 ther information, pamphlets, maps, &c, call on
address the undersigned or any OF the Banks
Bankers employed to sell this loan.
For sale by