National Republican. (Washington City (D.C.)) 1872-1888, 1873-08-05
FINANCIAL.
New 7-3O Gold Loan
Up THE
NORTHERN PACIFIC RAILROAD co
secured BY First Mortgage on Railroad and
Land Grant.
SAFE, PROFITABLE! PERMANENT!
JAY. COOKE & CO.

JAY. COOKE & co.
Offer for sale Mt pnr accrued interest the
First Mortgage Land Grrnt Gold Bonds Of
the Northern Pacific Railroad Company.
They arc free from United States tax, and
nre Issued Of the following denominations
Coupons, 500, $500 and $1,000, regis
tered, 800, $500, $1,000, $4,000 and
$4,000.
With the same entire confidence with which we
commended Government bonds TO Capitalists and
PEOPLE, now. after the fullest investisa tion
commend the Northern Pacific Railroad bonds toour
ricnds and the general public.
GOLD PAYMENT.
Both principal and interest are payable in Amer
can gold coin, at the ofcs Of Jay Cooke Co., New
York City-he principal at the end Of Do years. and
the interest lat the rate Of seyen and three enths pei
cent per annum) hAif.yearly. hrat II January and
July.
PERrEcT sAFETY.-Tbe bonds We are now sell
ing are secured by first and only mortgage on all
thcprope ty and rights Of the Northern Pacific Raj
roa Company, which Will embrace on the compile
ion OF the work;
l. Over Two Thousand Miles Of Road, with rollin
stock buildings, and all other equipments.
q Over Twenty-Five Thousand Acres Of Land to
every mile OF finished road This horticultural
INBRED and mineral. amounting in all to more than
Fifty Million Acres consists Of alternate sections
reaching twenty 10 forty miles on each side Of the
track, and extending In o broad, fertile belt from
Wisconsin through tho richest portions Of Mime
| sota, Dakota, Montana, Idaho. Oregon, and Wash.
ington. TO Puget Sound.
while the Government does not directly guarantee
the bonds Of the Road. II thus amply provides for
| their full and prompt payment by an unreserved
grant Of land the most valuable conferred uron
| q great national Improvement.
THE MORTGAGE The Trustees under the
MortEage are Messrs jay Cooke, Of Philadelphia.
and J. Edgar Thompson, President Of the Pcnnsyl
| vania Central Railroad Company They will q
rectly and permanently represent the interest Of the
First Mortgage bondholders, and are required to
sec that the procs.ds Of land sales used In par
chasing AID oaaesiin5 he bonds u The Company II
they can be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
to invest the proceeds OF the land sales in United
States Bonds or Real Estate Mortgages for the fur.
ther security Of Northern Pacific bondholders.
Also, that they have at all times In their control
security OF least 30 Of average land to every
| sI,ooo Of outstanding irst mortgage bonds. be-
sides the railroad ITSELF and all Its equipments and
| franchises
PnoFITADLENEss.-o course nothing can be
afer than the bonds OF tho United States but the
Government Ia no longer 4 borrower, and as the Ma
toms present work ia not that Of preserving Its
stonce. but that Of DEVELOPING CONTINENT We
remind those who desire to increase their income
and obtain more permanent Investment while still
having perfectly reliable security. that;
United States saws 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 T., per cent. II In three years. only ~ per
cent. as the present premium would meanwhile
sunk,
| Northern Pacific 1875 selling At par in currency
yield theinveutor $40 per cent gold interest Abso
utely for thirty years, free from United staiss
si,lCo currency invested now In United States Ssos
will yield per year In god-say &s2 si.lOo currency
invested now in Northern Pacific 7Sos will yield per
year in gold sso.0. Here Is q difference u asnuai
COME Of nearly ons-third. besides difference
oper cent In principal. when both classes
| are redeemed,
| THE ROAD NOW BUILDINd-work was begun
July last on the eastern portion OF the line and
the money provided by the sale to stockholders OF
| some six millions Of the Companyn bonds, 10 build
and equip tho road from Lake Superior across Min
nesota TO the Red River Of the North ~ miles The
grading on this division is now well advanced, the
iron Ia being rapidly laid: several thousand men an
| at work on the line, and about the first Of Angus
next this importan- section OF the road will be
full operation. In the meantime orders have been
| sent to the Pacific coast for the commencement Of
the work on the western end In err'y spring. and
| thereafter the work will DO pushed both eastward
and westward, with "a much speed a. may be consis.
tent with solidity and wise economy.
RECEIVABLE FOR LANDS These bonds will
be at all times before maturity. receivable ut L0 In
payment for the Coinpanys lands at their lowest
cash price
BONDS ExCHANGEABLE.-Th registered bonds
can be at any time for coupons the coupon
for Registered, and both these be exchanged for
Others payable principal and interest at any Of tho
principal financial centres Of Europe In the coin Of
the various European countries.
HOW TO GET THEM.-Your nearest Bank or
| Banker will supply these bonds In any desired
amount and Of any needed denomination. Persons
wishing to exchange stocks other bonds for these
can do so with any Of our agents. who will allow the
hishest current price for all marketable securities
IG.G.... .Ia..l