National Republican., 1873-02-04
JAY COOKE & CO.

Oner for sale at par accrued interest the
First Mortgage Land Grnnt Gold bonds Of
the Northern Pncinc Railroad Company.
They are free from United states tax, and
are issued OF the following denominations
Coupons, 500, $500 and ~ 200, reHi-.
tered, 500, $500, $1,000, 5000 and
$4,000.
With the same entire confidence with which we
commended Government bonds to Capitalists and
people, we now, after the fullest Investigation re
commend the Northern Pacific Railroad bonds 10 our
riends and tho general public.
GOLD PAYMENT.
Both principal and interest are payable in Ameri
can gold coin A the ONCE Of Jay Cooke 4 Co, New
York City-the principal at tho end Of % years. and
the interest lat the rate Of seven and three tcntha pei
cent. per annum) halfyearly, hrst Of January aud
July.
PERfECT sArETY.-Tbe bonds we are now ssr,
Ing are secured by a nrst and only mortgage on all
lie property and rights of the Northern Pacific Rail
road Company, which will embrace on tho compile.
ton Of tho work
I. Over Two Thousand Miles Of Road. with rolling
stock, buildings, and all other equipments.
Over Twenty-Five thousand Acres of Land to
cry mile Of flashed ruad This land, agricultural,
mbered ~ minbrA an Iintin Ia all to m Dre that
Fifty Million Acres, consists Of alternate sections
reaching twenty TO forty miles on each side Of the
track, aud extending In q broad, fertile belt from
sofa, Dakota, Montana, Idaho, Oregon, and wash.
ngton, 10 Puget Sound
while the Government does not directly guarantee
the bonds Of the Road. It thus ainTy provides for
their full and prompt payment By an unreserNed
grant Of land. tho most valuable ever conferred upon
great national improvement
THE MORTGAGE - The Trustees under tho
Mortgage arc Mesan jay Cooke of Philadelphia,
aud J. Edgar Thompson. President OF the Pennsyl
vania Central Railroad Company. They will al
re9tlE and ha In. fafth
First Mortgage bondholdGs, and are required 10
sec that the procs d. Of ard sai,s are used In psr
| ehasipg AID oaRo,iing ne bopis qI he Company n
they eau be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
TO invest tho proceeds OF the land zAea In United
States Bonds or Real Estate Mortgages for the fur
ther security Of Northern Pacific bondholdera
Also, that they have a all times In their control a.
security at least 800 acres Of average land 10 eycry
| siooo Of outHtanding nrnt mortgage bonds. be
sides the railroad ITSELF and all its equipments and
| franchises.
PRoFITABLRSEss- courso nothing can b,
afer than the bonds Of the United States hut as the
Government 10 no longer borrower, and as the Ma
tons present work Ia not that Of preserving its e1
stenee, but that Of DRvELoPIEot CONTINENT, WI
remind those who desire 10 increase their incom,
and obtain more permanent investment while stil
having perfectly reliable security. that
| United States saws At the Average premium yiel,
the present purchaser less than 81 per cent gold In
I
apecie payments be resumed, they would really IA,
only ~ per cont. or II in three years, only ~ pc
cent, as the present premium would meanwhile
| sunk.
Northern Pacific 7+5Ts selling at rar in currenc,
yield the investor $40 per cent gold interest abs
lutely for thirty years free from CEisd tafss to-
SLIGO currency invested now in United States SO
will yield per year In gold-say e69: sI.lo eurrenc
invested now In Northern Pacific 7-ars will yield "
year in gold ssO0 Here IL difference IN SsHudi 4,
I A. .aaaN
10 per cent in principal when both classes Of bond
are redeemed.
THE ROAD NOW BUILDING. Work was begu
in July last on the eastern portion Of the line an
the money provided by the sale to Stockholders q
all,e sir millions Of the Company'a bonds to hull
anu cluip the road from Lake Superior across Mi
nesotA to the Red River Of the North an miles Tn
grading on this division is now well AdyAnced III
iron Ia being rapidly laid; several thou sand men At
at work on the line, and about the nrst Of Augu
next this importan.s section Of the road will be
fun operation. In tho meantime orders have bee
sent to the Pacific cohst for the commencement
the work on the western end In early spring, an
thereafter the work will he pushed both eastwar
and westward, with a. much speed a. may bo consi
! tent with soldty aud wise economy.
RECEIVABLE FOR LANDS These bonds wi
he At all timea before maturity receivable, at liO
payment for the ComPany's lands, ut their love
, cash price.
BONDS SEXCHANuEABIE The reflstered bond
can be exchanged at any time for coupons the coupo
for Registered and both these be exchanged I,
Others payable. principal and interest," at any Of u
principal financial centres uf Europe in the coin
J the various European countries.
HOW TO GET THEM.-Your nearest Bank
Banker will supply these bonds In any desire
amount and Of any needed denomination. Perunl
wishing TO exchange stocks other bonds for the
can do with any Of our Rgents who will allow Il
highest current price for ali marketable securitie
Those living In localities remote from banks mI
send money. other bonds directly TO Us by EXPIRE
and We will snnd back Northern Pacihc bonds at OF
own risk. and without cost to the investor, For fi
I ther information, pamphlets. maps. &c. call on
l address the undersigned. or any q the hanks
Bankers employed to sell this loan
For sale by