National Republican., 1873-02-01
JOIN Siss gsSFstafg SfssSs. an y!,sS 1Es
New 7-3O Gold Loan
or TIL
NORTHERN PACIFIC RAILROAD co
Secured by Riry Mortgage on Railroad and
Land Grant.
SAFE; PROFITABLE: PERMANENT.
JAY COOKE & co.

JAY COOKE & co. |
Oner for sale nj pnr accrued interest the
Pir-t MortHnEe Land Grant Goid bonds Of
the Northern Pacihc Itaiiroad Company.
They arc free from United states tax, and
nrc issued Of the following dcnominaii ionsi
Coupons, 500, $500 and . 900, regis.
tered, 500, $500, $1,000, $4,000 and
$4,000.
With the same entire confidence with which We
commended Government bonds to CaIHtaiiriA and
people. We now, after the fullest investia ton re
commend the Northern Pacific Railroad bonds 10 our
riends aud the general public.
GOLD PAYMENT.
both principal and interest are Iayable In Ameri
can gold coin, at the ONCE Of Jay Cooke Co. Now
York City-the principal At the end Of ~ years and
the interest tat the rate Of seven and three tenths pei
cent, rer annunII haf.ycarly, frst Of January and
July.
PERFECT aAFETY. The bonds We are now sell
ing are secured byR nrut and uuly mortgage on all
he property and rights Of the Northern Pacific Ran
road ComPany, which will embrace on the compile.
ton Of tAe work
l. ON Sr Two Thousand Miles Of Road. with rolling
stock buildings, aud all other equipments
= Over Twenty-Five Thousand Acres Of Land to
ery mtle Of finished road. This land agricult ural
Ibered mlu ,rI AN latin In all 10 IN Dss that
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.
ington, to Puget Sound
While the Government does not directly guarantee
tho bonds Of the Road, II thus amply provides for
their full and prompt payment by an unreserVed
grant Of land the most valuable conferred upon
great national Improvement
THE MORTGAGE. go The Trustees under the
al.
aud j. Edgar Thompson, President Of tho Pennsyi
yunia Central Railroad Company. They will ii
rcctly aud permanently represent the interest Of h,
First Mortgage bondholderr, aud are required Il
that the proceeds of tIRd salss are used In pU
| chasing nd eaHcs'isg hs sOHds " The COHpaRV Il
\ they can be bought before maturity at not NOR
| than 10 pcr cent premium; otherwise the Trustee
to invest the proceeds Of the land sales In Uniet
States Bonds or Real Estate Mortgages for the fui
ther security Of Northern Pacihe bondhOlderu
Also, that they have at all times In their control
security, Al least 30 Of average land 10 ever,
ei.coo Of outstanding nrst mortgage bonds, bs
sides the railroad itself and all It's equipments an,
franchises
PR0fITADLESEss.- s.-.Of course nothing can b
afsr than the bonds Of the United States but As th,
Government Ia no longer q borrower, and AZ the M
tons present work Is not that Of preserving ita
| stence, but that Of DEVELOPING A CONTINENT, "
| remind those who desire to increase their incom
and obtain more permanent investment while sti
having perfectly reliable security, that
United states SAYS at the average premium yIel
the present purchaser less than 81 per cent gold Il
I terest. Should they be redeemed In nye years an
specie payments be resumed, they would really IA
only "a Ter cent, or II In three years, only 81 IN
cent, As the present premium would meanwhile
sunk.
Northern Pacific 7.Sga selling at par In crrrenc
yield the investor $40 per cent gold Interest Ab,
lutely for thirty years. free from UHi,sd taIss 10
sl,loO currency invested now in United States -
will yield per year In gold-say go; 9i,iOO ourrent
invested now In Northern Pacific 79O'H will yield u
year In gold tso.0, Here is difference Ia aHHaai
come Of nearly OHs.dird, besides u difference Of
lOPer cent In PRINCIPAL, when both classes Of bon
ara redeemed.
THE ROAD NOW BUILDING. Work was bctr
iaJnly last on the eastern portion Of the limo al
the money provided by the sale to stockholders
some sir millions Of the Comp~ny's bonds TO hui
and equip the road from Lake Superior across NJ
nesota 10 the Red River Of the North sSi miles II
grading on this division Ia now we'll advanced, Il
iron 10 being rapidly laid; several thousand men
at work on the line, and about the hrst Of Aug
next this importan.s 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 tho work will DO pushed both eastwa
aud westward with As much speed may be cons
tent with solidity and wise economy.
RECEIVABLE FOR LANDS These bonds "
be at all times, before maturity receivable, at TO-
payment for tho Company's lands, at their low,
cash price.
INTERCHANGEABLE registered bon
osh be exchanged at any time for coupons the coup
sOr registered, and both these can he exchanged
others, payable, principal and interest," at any Of
principal financial centres II Europe In the coin
the various European countries
HOW TO GET THEM.-YouT nearest Bank
Banker will supply these bonds iu any desiI
amount and Of any needed denomination. PersG
wishing to exchange stocks or other bonds for tn
can do 30 with any Of our agents, who will allow
highest current price for all marketable securiti
Those living In localities remote from banks N
send money, or other bonds directly to us by expr
and we will send back Northern Pacihc bonds at
own risk, and without cost to the investor. For
thor information, pamphlets, maps, &c, call on
address the undersigned, Ur any Of the Banks
Bankers employed to sell this loan
for sale by