National Republican., 1873-06-05
New 7-SO Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD co
Secured BY First Mortgage on Raiiroad and
Land Grant.
SAFE! PROFITABLE, PERMANENT,
JAY COOKE & CO.

Oncr for sale at par aeerued interest the
First Mortgage Land Grant Gold Bonds ef
tho Northern Paciac Railroad Company.
They are free from United States tax, and
are issued ofthe following denominations
Coupons, 800, $500 and 81 ,OOOg regis
tered, 500, $500. $1,000, $4,000 and
$4,000.
commended Government bonds TO Capitalists and
people. we now after tho fullest inyeatsa ton
commend the Northern Pacific Railroad bonds TO our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Ameri
can gold con at the once Of jay Cooke 4 Co. New
York City-the principal at the end Of % years and
cent. per Annum) halfyeariy. nrst Of January and
July.
| PRRfEOT sAFETY-Tbe bonds We are now sell
i ing are secured by hrst and only mortgage all
the property and rights Of the Northern Pacnc Raj
roa Company. which will embrace on the compile
/ ton Of the wort:
l. Over Two Thousand Miles Of Road, with rollln
stock. buildings. and all other equipments.
q Over Twenty-Five Thousand Acres Of Land 10
every mile Of hnished road This landasrioultural
mbered and mineral. amounting In all TO more that
Fifty Million Acres. consists Of alternate sections
reaching twenty 10 forty miles each side Of the
track. and extending In 9 broad. fertile belt from
wisconsin through the richest portions Of Mime
sota, Dakota, Montana. idaho, Oregon, and Wash-
| ington, 10 Puget Sound
Whlls the Government does not directly guarantees
the bonds Of the Road, II thus amply provides for
thair fun and prompt payment BY an unreserved
grant Of land the most valuable ever conferred upon
great national improNsment
THE MORTGAGE. : The Trustees under the
Mortgage are MeAars Jay Cooke, OF Philadelphia,
and !. Edgar Thompson, President Of the psnnayl
yAniA Central RAilroad Com pany. They viii di
recty and permanently represent the interest Of the
J First Mortgage bondholders, and are required 10
see that the proesds Of lsad saiss used In psr
chasing pd ouResiiIg hs bsHds a1 hs cO@pany II
! they can be bought before maturity n not more
| than 10 per cent premium; otherwise the Trustees
are 10 invest the proceeds Of the land sales In United
States Bonds or Real Estate MORTGAGES for the fur
! ther security Of Northern Pacihe bondholders
Also that they have At all times in their control ~
security At least 800 Of land 10 every
| siooo Of outstanding hrrt mortgage bonds, be
sides the railroad itself and all its oauipmsnts and
|, franchises. g.
PROFITABIENRss.-o course nothing can b,
afer than the bonds Of the United States but a. the
Government Is no longer borrower. and a. the Ma
toms present work IA not that Of preserving Its eI
stsnos, but that Of DEyELoPTso CONTINENT, w
| remind those who desire 10 increase their inoom,
| and obtain more permanent investment while stil
having perfectly reliable security. that's
United States ksp's 1t the average premium yield
the present purchaser less than ~ per cent Fold IN
| terest should they be redeemed In Eve years, and
specie payment. be resumed they would really pay
only q. per cent, or u in three years, only ~ pei
cent. as the present premium would meanwhile
sunk
Northern Pacific 7sps selling At par in currenc,
Yield theinyestor $40 per cent sold interest sbst
utely for thirty years, nssJrom Uatisd iai.s iss
100 currency invested In United States 59oi
VIII yield per year In gold-say ca; siiOo currencl
invested now In Northern Pacific 7sOs viii Yield pc
year in gold sso Here Ia difference Ia asSsai q
oop. of nearly onsthird, beaides difference Of Y
10 per cent in principal. when both clAsscs Of bond
} THE ROAD NOW BUILDING. Work was beg,
July last on the eastern portion Of the line ant
the money provided by the sale TO stockholders o
some viI millions Of the CompGny's bonds, to bull
and equip the road from Lake Superior across Mil
: nsaota 10 the Red River Of the North-9aS mlea Tn
| grading on this division is now well advanced. th
iron Is being rapidly laid; several thousand men
Al work on the line. and about the nrst Of Ausu
: merit this mportan.' section Of the road will be
full operation. In the meantime orders have bee
, sent 10 the Pacific coast for the commencement Q
ths work on the western end in early spring. an
thereafter the work viii DO pushed both eastwar
and westward. with ~ much apeed a. may be oonat
: tent with solidiiy and wise economy.
2 RECEIVABLE FOR LANDS. These bonds vi
= be Al ali times before maturity receivable. tt li0
4 payment for the company's lands at their lowe
Y cakh price. .....
a BONDS DsExCuANaEABLE-Ths registered bond
can be exchanged any time for coupons the coupe
for registered apd both thh&e can he exchanged fC
others payable principal aud interest," at any Of Il
principal financial centres Of Europe In the coin
, the various European countries.
y HOW TO GET THEM.--Your nearest Bank I
n. Banker will supply thsae bonds In any desir'
d amount and Of any needed Denomination. Persoi
:. sishng 70 exchange stocks other bonds for the
w. can do 80 with any Of our Agents, who viii allow
highest current price for ell marketable securiti
he Those living In localities remote from banks mi
send money or other bonds directly 10 ua hy exrre
ad and we will send back Northern PACING bonds at o.
own rak and without oost ,o the investor For n
:. ther information. pamphlets, maps, 6c,. call on
~ | address the undersigned. or any Of the Ranks
nj bankers employed TO sell this loan,
Nj For sale by