National Republican., 1873-01-11
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New 7-3O Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD co
Secured by First Mortgage on Railroad and
Land Grant.
SAFE! PROFITABLE, PERMANENT,
JAY COOKE & CO.

Oner for sale at par accrued interest the
First Mortgage Land Grnnt Gold Bonds Of
the Northern Pacific Railroad Company.
They are free from Unlted states tax, ana
are issued OF the following denominations
Coupons, 500, $500 and $1,000, regis.
tered, 500, $500, $1,000, $1,000 ana
$4,000.
with the same entire confidence with which W,
commended Government bonds TO Capitalists anu
people, we now, after tho fullest investigation re
commend the Northern Pacific Railroad bonds TO ou
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Am
can gold coin, at the ONCE Of Jay Cooke Co, .5~
York City-the principal at the end Of - years, and
the interest st the rate OF and three tenhs p
cent per AnnunD halfyearly, hrst Of January and
July.
PERFECT sAFETY-Tbo bonds we are now sell
ing are secured by lrst and only mortgage on all
the property and rights OF the Northern Pacific Rail
road Company, which will embrace on the eomplC
ton Of the work
l. Over Two Thousand Miles Of Road. with rollins
stock. buildings, and all other equipments.
Over Twenty-Five Thousand Acres Of Land to
very mile OF hnished rpad. This land, agricultural
timbered and mineral, amounting In all to more than
Fifty Million Acres consists Of alternate sections
reaching twenty to forty miles on each side Of thu
track aud extending In q broad, fertile belt from
Wisconsin through the richest portions Of Mime
sofa, Dakota, Montana, Idaho, Oregon, aud Wash
inEton, TO Puget Sound.
While the Government does not directly guarantee
the bonds Of the Road. It thus amply provides for
their fun and prompt payment by an unreserVed
grant of land the most valuable conferred upon
great national Improvement.
THE MORTGAGE. - The Trustees under IN,
Mortgage are Messrs. Jay Cooke. OF Philadelphia
and J. Edgar Thompson. President Of the Pennsyl
yAniA Central Railroad Company. They will d.
recty aud permanently represent the interest Of tht
First Mortgage bondholderH, and are required tC
see that the proceeds e aAd sales are used In pHr
chasing a. d caaoslfRg hs boads aC the Company II
they can be bought before maturity at not NOR
than 10 per cent premium; otherwise the Trustees
are 20 invest the proceeds of the land sales In United
States Bonds or Real Estate Mortgages for tho fur
ther security OF Northern Pacific bondholders
Also, that they have at all times In their control
security at least so acres Of average land to eyery
si.OOo Of outstanding hrst mortgage bonda be
sides the railroad isef. and all its equipments Ant
| franchises.
PRoFITABLENEss.-o course nothing can b.
Afer than the bonds Of the United States, but the
Government is no longer borrower, and as the Na
tons present work Ia not that OF preserving s ex
istence, but that Of DEVELOPING CONTINENT, VI
remind those who desire to increase their incom
| and obtain more permanent investment while still
having perfectly reliable security, that
United States b9O's at the average premium yiel
the present purchaser eas than ~ per cent gold IL
tereat. Should they be redeemed In Ave years, an
specie payments be resumed they would really IA!
only q, per cent. II In three years. only ~ pc
cent, as the present premium would meanwhile
sunk
Northern Pacific 7SUs selling at PAR in currenc
yield the investor $40 per cent gold nierest abs
lutely for thirty years. free from UHiisd tais' taa
sI 100 currency invested now in United States SO
will yield per year in gold-Aay sal sllOO curreno
invested now In Northern Pacific 7sOs will yield ps
year In gold ss0o Here is difference Ia aHRsai 4
cone OF nearly ORstAird. besides difference OF
10 per cent in principal when both casses Of bond
are redeemed
THE ROAD NOW BUILDING Work was bSgu
in July lRst the eastern portion Of ths line an
the money provided by the sale to stockholders {
some six millions OF the COmpany's bonds, to bull
and equip the road from Lake Superior across Nj
nesota to the Rod River Of the North2S5 miles. II
grading on this division Ia now well advanced, u
iron Ia being rapidly laid; several thousand men al
at work on the line, and about the frrt OF AugI
| next this important section Of the road will be
full operation. In the meantime orders have bee
sent to the Pacific coast for the commencement
the work on tho western end In early spring. ~
thereafter the work will be pushed both eastwAi
and westward, with a. much speed As may be eonsi
tent with snlidity and wise economy.
RECEIVABLE FOR LANDS. These bonds vi
be at all times, before maturity receivable at LILO.
payment for the Company's lands, Of their lowe
cash price.
? BONDS sEXCHANdRABL registered bont
can be exchanged at any time for couponsthe coup(
for registered, and both those be exchanged &
others, payable, principal and Interest," at any Of
principal financial centres Of Europe In tho coin
the various European countries.
HOW TO GET THEM.-Your nearest Bank
Banker will supply these bonds In any desir'
amount aud Of any needed denomination. Perso
wishing 10 exchange stocks or other bonds for the
| 40 nVtfh Of nuF tVh nyrtli ali
highest current price for all marketable setfiti'
, Those living In localities remote from banks mi
send money. or other bonds, directly to US by eIprc
aud we will send back Northern Pacific bonds at O
own risk, and without cost TO the investor For n
ther information, pamphlets, maps, he, call on
address the undersigned, or any Of the Banks
. Danl ,rs employed 70 sell this loan.
\ For sale by