National Republican., 1873-03-12
FINANCIAL.
New 7-3O Gold Loan
OF THE
NORTHERN PACIFIC RAILROAD co
Secured by Firut Mortgage on Railroad aud
Land Grant.
E,AFE. PROFITABLE! PERMANENT
FINANCIAL.
JAY COOKE & co.

JAY COOKE & CO.
Oner for sale nt par accrued Interest the
First Mortgage Lnnd Grant Goid bonds Of
tho Northern PncInc Railroad Company.
They are free from unitcd States tax, and
arc issued oftbc following dcnominnt ionsi
Coupons, 500, $500 and $1,000, regis
tered, 500, $500, $1,000, $1,000 and
$4,000.
With tho same entire confidence with which We
commended Government bonds 10 Capitalists and
commend the Northern Pacific Railroad bonds 10 our
ricnds and the general public.
GOLD PAYMENT.
Doth principal and interest are ray able IN Amcri
can gold coin, at the once Of Jay Cooke Co, New
York City-the principal at the end Of % years and
tho interest lat the rate OF sovcn and three tenha pei
cent yer annun) halfyoarly, hrst Of January aud
July.
PERfECr SAFETY.-Tbc bords Wc arc now cell
ing arc secured by hrst and only mortgage on all
:he rroperty and rights Of the Northern Pacific Raj
road Company, which will embrace on the comrlo
ton Of the work!
|. Over Two Thousand Milc6 Of Road, Nth r,,llln
stock, buildings, and all other equipments.
Over Twenty-Five Thousand Acres Of Land TO
cry mile Of finished road THIS land, alyrlc ultura
mbered and mineral, amounting In all TO more that
fify Million Acres, consists Of alternate sections
reaching twenty to forty miles each side Of the
track. and extending In 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 dots not directly ,ruarante,
the bonds Of tho Road, Il thus ainpy provides for
their full and prUmIt payment by an unrc-erVcd
grant of land, tho most valuable ever conferred ulun
great national Improvement
THE MORTGAGE. - The TrIstCra under tho
Mortgage are Messrs jay Cooke, Of rLiladeIphIs.
aud J. Edgar Thompson, President uf the rcnusyl
Nanla Central Railroad Company. They will ii
recy aud permanently represent the Interest Of the
First Mortgage bondholderB. and are REQUIRED 10
see that the procs d. 9f land sIhs arc used in yT
chasing d ouresiiHg he bOsS. If h- Co,,PtHV II
they can bs bought before maturity al not moro
than 10 rer cent premium: otherwise the Trustees
are to invest the proceeds OF the land sales In United
States Bonds or Real Estate Murtgarcs for the fur
ther security Of Northern Pacific bOudhoIders.
Also, that they have at all times in their control as
securty at least bO acres Of average land TO every
sl.OO OF outstanding frst mortgage bonds be.
sides the railroad itself, and all is equipments and
franchises.
PRoFITABLESEss OF course nothing can lie
afer than the bonds Of the United States but ns m.
Government is no longrr borrower, and a. the Ma.
tons present work Is not that Of preserving It's OK
stencc, but that VI DEyELoPISG coSrISISr, we
remind those who desire 10 increase their income
aud obtain more permanent investment while stiIl
having perfectly reliable security, that:
United States b0's At the average premium Weld
the present purcha1er lesH than 81 per cent nll in
terest. Should they be redeemed Ia ave years. anJ
specie payments be resumed they would really pay
only ~ per cent, or II in three years only 1k per
cent as the preseut premium would meanwhile
SUM,
Northern Pacific i9jB selling Et rar In currency
Yield theinvcotOr sic Tcr cent gold interest H,r
utely for thirty years, free FROM uEisd tao, fnI
iOO currency invested now In United States ~,
will yield per year In gOd-say s61; sIiOO currency
invested now In Northern Facihc 7rs will yield per
year In gold SsO3 Here is difference n aE1uIi h,
come of nearly OHshir, besides difference Uf to
10 PER cent in principal. when both Gasses oT bonds
are redeemed.
THE ROAD NOW DUILDINd-worL was begun
July last on the eastern portion Of the limo and
the money provided By the sale to stockholders Of
some six millions Of the Company's bonds TO build
and equip the road from Lake Superior across Min
nesOta " the Red River Of the North-s1s miles The
grading on this division Ia now well advanced III
iron ID being rapidly laid; several thou sand me n are
at work on the line, and about the flTst OF Auuus
neIt this imporan.s section OF the road will 10 n
full operation. In the meantime orders have been
sent 10 tho Pacific coast for the commencement of
the work OH the western end In early spring, and
thereafter the work will DO pushed both eastward
and westward. with az much speed an may be conAgs
tent with solidity and wise economy.
RECEIVABLE FOR LANDS These bonds will
be at all times before maturity. receivable at in
payment for the Company's lands, at their lowest
cash price.
BoNDSENCHASGEADLE The registered bonds
can be exchanged any time for coupons the soupon
for registered. and both these eau be exchanged for
otherz, payable PRINCIPAL aud interest," at any Of the
principal financial centres Of Europe In the coin
the various European countries.
HOW TO GET THEM.-Your nearest bank or
Banker Will supply theso bonds in any desired
amount and Of any needed denomination. Persons
wishing TO exchange stocks other bonds for these
eau do with any OF our agents, who will allow tho
highest current price for all marketable securities
Those living In localities remote from banks may
send money, other bonds directly to us by express
aud we will send back Northern Pacific bonds at our
own risk and without cost TO the investor For fur
ther information, pamphlets, mare, &c. call on or
address the undersigned or any Of the Banks or
Bankers employed 10 soil this loan.
For tale ~