National Republican. (Washington City (D.C.)) 1872-1888, 1873-03-20
FINANCIAL.
flNANIlhL
New 7-3O Gold Loan
OF THE
NORTHERN Pacific RAILROAD 90
secured by fir-, Mortgage on Railroad md
Land Grant.
SAFE. PROFITABLE! PERMANENT,
JAY COOKE & co.

u n WV 4 - - ~ W.
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They arc free from United states tax, and
are Issued orthe following tionsi
Coupons, 500, $500 and 81 ,OOOi regis
tered, 500, $500, $1,000, $1,000 and
$4,000.
with the same entire confidence with which we
recommended Government bonds to Capitalists and
people, we now, after tho fullest investisa ton re
commend the Northern Pacific Railroad bonds to our
rends aud the general public
GOLD PAYMENT.
Both PRINCIPAL and interest are payable In Amer
eau gold coin, al the once Of Jay Cooke Co, New
York Ciiy-the PRINCIPAL At the end Of % years, and
the interest lat tho rate Of seven and three tenthS pei
cent yer Annum) halfJcarly, hrut Of January and
July.
PERFECT sAFETY.-Tbc BONDS we are now sell
ing are secured by nrut and only mortgage all
me property and rights Of the Northern Pacific Raj
road Company, which will embrace On the compile
ton uf the work
| l. over Two Thousand Miles Of Road, with rollin
stock. buildings, and all other equipments.
. over Twenty two Thousand Acres 81 Land TO
cry mile Of finished road. This land. agrc ultura
mbered aud mineral, amounting In all to more that
Fifty Million AGREE, consists OF alternate sections
reaching twenty 10 forty miles on each side Of the
track aud 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
the bonds Of the Road n thus amply provides for
their full aud prompt payment By an unreserVed
grant of land, the most valuable ever conferred upon
great national Improvement
THE MORTGAGE. 90 The Trustees under the
Mortgage are Messrs. Jay Cooke, Of Philadelphia,
and J. Edgar Thompson, President Of the Pcnnsyl
VaniA Central Railroad Company They will di
recy and permanently represent the interest Of the
First MORTGAGE bondholderu, and are required To
sec that the PTocsds qC iisd aais are used In psr
chasing a, 4 eaHosiiag he boHds II hs CoFBanV n
they can be bought before maturity at not more
than ~ 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
Their security Of Northern Pacific bOndholderu.
Also that they have at all times In their control as
security at least 5OO II land 10 every
sIOO Of outstanding hrut mortgage bonds, be
sides the railroad itself. and all its equipments and
franchises.
PRoFITABLESEss- OF course nothing can he
afer than the bonds Of the United States. but the
Government Ia no longer borrower and as the Ma.
toms present work Ia not that Of preserving ts
stence but that Of DEyELorrsgI CoSTtSEEr, we
remind those who desire TO increase their Income
aud obtain more permanent investment while still
having perfectly reliable security, that
| United States 5 aus at the average premium yield
the present purchaser less than ~ per cent gold In
terest. Should they be redeemed In Ave years, and
specie payments be resumed they would really pay
only q, per cent or II In three years, only 81 pei
cent, IA the present premium would meanwhile
sunk.
Northern Pacific 7Jrs selling Of Par In currency
yield thcinyestor $40 per cent gold interest AbsC
utely for thirty years, fee from UHiisd ttas' la
sI,IOD currency invested now In United States b0,
will yield per year In gold-say ss1; siloo currency
invested In Northern Pacific 79Js will yield pei
year In gold esOD Here Ia q difference IN aEHsaI IN
nf NEARLY 00s.fhfFd bpslga a feFPOrR of Il