National Republican. (Washington City (D.C.)) 1872-1888, 1873-09-09
JAY COOKE & co.

" = - ~ ~ = 49, ~
First Mortgage Land Grant Gold Bonds Of
They are FREQ from United States tax, and
are Issued Of the following denominations
Coupons, 800, $500 and si,OOOg regis.
tered, 500, $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 nvestisa ton re
commend the Northern Pacific Railroad bonds TO our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In Amer
can gold coin. at the once Of Jay Cooke Co.. New
York Citythe principal ct the end Of % years, and
cent. per annum) hAlfyearly, hrst Of January and
July.
PERFECT BAFETY.-Tbe bonds We are now sell
ins are secured by nrst and only mortgage on all
theprope 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 "a
every mile Of finished road. This ndagric ult urs
mbered and mineral. amounting In all TO more thar
Fifty Million Acres. consists Of alternate section,
reaCnllS twenty lofty mlltb On zach VI tne
track, and extending In . broad, fertile belt from
Wisconsin through tho richest portions OF Mime
| sofa, Dakota, Montana, Idaho. Oregon, and Wash
inston. TO Puget Sound.
while the Government does not directly suarante,
the bonds Of the Road. 1t thus amply provides FOL
their full and prompt payment by an unreservet
grant Of land the most valuable ever conferred upoi
| great national Improvement
| THE MORTGAGE. - The Trustees under tn
Mortgage are Messrs. Jay Cooke, Of PhilAdelphia
and J. Edgar Thompson. President Of the Pennsy
vaniA Central Railroad Company. They will d
recuy and permanently represent the interest Of tn
First Mortgage bondholders, and are required b
see that the proceeds " land sales are used In ps
chasine asd eanesiing hs bonds If hs Company |
they can be bought before maturity at not NOR
than 10 per cent premium; otherwise the Trustee
are 70 invest the proceeds Of the land sales In Unite
States Bonds or Real Estate Mortgages for the full
Their security Of Northern Pacific bondholder'
Also, that they have Of all times In their control
security Ut least 800 acres Of average land to
sioOo Of outstanding nrst mortgage bonds b.
sides the railroad itself. and all it, equipments an
| franchises
PROFITABLENEss-Of oourss nothing can
afer than tho bonds Of the United States, but h
Government IL no longer borrower. and - the N
tons present work Ia mot that Of preserving its o.
stence, but that Of DEVELOPING CONTINENT, v
remind those who desire TO increase their incon
and obtain more permanent investment while sti
having perfectly reliable security. that;
United States b2os at the average premium vie
tho present purchaser less than " per cent gold
terest Should they be redeemed In i've years, ar
| specie payments be resumed they would really %
cont - the present premium would meanwhile
sunk.
Northern Pscinc 7lUs selling At par in curren,
Yield theinvestor BIO per cent gold interest Ab
utely for thirty years. free from Uhitsd tiass d
si,iDo currency invested now In United States -
will Yield per year In gold-say eda; si.Oo ourren
invested now ia Northern Pacific 7-aOu will yield p
year In gold es0.3o. Here is difference II asnss
/ CONE Of nearly o~sth'rd, besides . difference
4 ioper cent in principal. when both elAsses
THE EOAr NOW BUILpINa.-woriw was beg,
n July last on tho eastern portion Of the line n
the money provided BY the sale TO stockholders
some six millions Of the Company's bonds, 10 but
and equip the road from Lake Superior across NJ
Il nesota 10 the Red River Of the North-2n miles
], grading on this division Is now well advanced.
2 Iron is being rapidly laid; several thousand men
I ct work on the line. and about the hrst Of Aug
o neIt this importans section Of the road will b,
p 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. q
thereafter the work will DO pushed both eastws
and westward. with ~ much speed % may be COM
T tent with soiidity and . wise economy.
!. RECEIVABLE FOR LANDs-These bonds '
be Il all times. before maturity. receivable. Of 10
payment for the Oompanys lands ct their low
cash prioe
n BONDS ExCHANaEADLE.-The registered Dor
can be exchanged ct any time for coupons, thecouI
y for registered. and both these can be exchanged
others, payable principal and interest, ct any Of
principal financial centres Of Europe In the coin
the various European countries.
= HOW TO GET THEM.-Your nearest Bank
Banker will supply these bonds In any desi
amount and Of any needed denomination. Pers,
= Wishing TO exchange stocks or othor bonds for th
can do so with any Of our agents, who will allow
highest current price for all marketable securit
Those living In localities remote from banks n
send money or other bonds, directly to us by expr
~ !, and We will send back Northern Pacific bonds At
I own risk and without cost TO the investor. For
= ther information. pamphlets. maps, nc. call on
I'd address the undersigned. or any Of the Bank
BANKERS employed TO sell this loan.
| For sale by