National Republican. (Washington City (D.C.)) 1872-1888, 1873-04-19
New 7-3O Gold Loan
OF THE
PACIFIC RAILROAD co
Secured by First Mortgage on Railroad and
Land Grant.
sAPR! PROFITABLE! PERMANENT,
JAY COOKE & co.

Oner for sale nj par accrued interest the
First Mortgage Land Grant Gold Bonds Of
the Northern Pacific Railroad Company.
They arc free from United states tax, and
arc issued OF the following denominations
Coupons, 500, $500 and $1,000, regis
tered, 500, $500, $1,000, $4,000 and
$4,000.
commended Government bonds 10 Capitalists and
people, We now. after the fullest investisa ton re
commend the Northern Pacific Railroad bonds TO our
riends aud the general public.
GOLD PAYMENT.
Both principal and interest are payable In Ameri
can gold coin, at the once Of jay Cooke Co, New
York oity-the principal at the end Of 30 years and
the interest lat the rate OF and three tenthr pei
cent per annum) half.yearly. frst Of January and
July.
PERfECT sAFETY.-Tbe bonds we are now sell
ing are secured by hrst and only mortgage on all
the property and rights Of the Northern Pacific Rail
roA Company, which will embrace on the compile
ton Of the work;
/. over Two Thousand Miles Of Road with roll lin
stock, buildings, and all other equipments.
q Over Twenty-Five Thousand Acres Of Land to
every mile OF finished road. This lAndAgric utural
INBRED and mineral. amounting In all TO more that
Fifty Million Acres, consists Of alternate sections
reaching twenty 10 forty miles on each side OF the
track, and extending in broad, fertile belt from
Wisconsin through the richest portions Of Minno
sofa, Dakota, Montana, Idaho, Oregon, and wash
ington, 10 Puget Sound.
while thu 0ovsrnment does not directly guarantee
the bonds Of the Road, II thus amply provides for
their full aud prompt payment by IN unreserNed
grant Of land the most valuable ever conferred upon
great national Improvement
THE MORTGAGE The Trustees under the
MORTGAGE are Messrs. Jay Cooke, Of Philadelphia,
and j. Edgar Thompson, President Of tho Pennsyl
vanlA Central Railroad Company. They will di
rectly and permanently represent the interest OF the
First Mortgage bondholders, and are required to
see that the proes Dc Of land sales are used In Psr
| eAasiag asd eaassiiag he bonds af hs compaHy II
they oan be bought before maturity ct not more
/ than 10 per cent premium; otherwise the Trustees
arc 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 ct all times In their control ii
security least boo Of average land to ever
| eiooO Of outstanding hrst mortgage bonds, be
sides the railroad ITSELF and all its equipments ant
| franchises.
PRoFITABLENEss.-of course nothing can b
afer than the bonds Of the United States but tn,
Government il no longer borrower and as the Ne
toms present work Is not that Of preserving Its CT
stenee. hut that Of DEVELOPING A CONTINENT, W
remind those who desire TO increase their incom
| and obtain more permanent investment while sti
having q perfectly reliable security, thAti
| United States 6s0's at the average premium yiel
tho present purchaser less than ~ per cont gold
terest Should they be redeemed in ave years an
specie payments be resumed they would really pa
only q. per cent, or In three years, only ~ pc
cent. As the present premium would meanwhile
sunk,
; Northern Pacific 1905 selling at par in currenc
yield thenyestor BIO per cent gold interest abs
utely for thirty years free from United aiss "a
al 100 currency invested now in United States so
viii Yield per year In gold-say ed9: SLIGO currcnC
invested now In Northern Pacific 7SOs will yield p
year In gold ssO.0 Here Is difference Ia aHHuai
come Of nearly oHethird. besides difference OF i
10 per cent In principal when both classes Of bon'
are redeemed.
: THE ROAD NOW BUILDING. Work was begu
n July last on the eastern portion Of the line an
Q the money provided by the sale to stochholders
o some ui1 millions Of the Company's bonds TO hui
| and equip the road from Lake Superior across MI
nosota 10 the Red River Of the North-2s9 miles, II
v grading on this division is now well advanced,
iron is being rapidly laid; several thousand men
at work on the line, and about the nrst OF Aug
| ne1t this importAn.s section Of the road will be
full operation In the meantime orders have be-
sent 10 the Pacific coast for the commencement
the work on the western end in early spring, Al
thereafter the work will be pushed both eastwA
and westward, with as much speed a. may DO cons
tent with solidity and wise economy.
RECEIVABLE FOR LANDS. These bonds v
be Al ali times before maturity, receivable, at LILO,
| payment for the Company's lands at their low
cash price.
BoNDSExCHANGEABLE- registered bon
can be exchanged at any time for coupons the coup
for Registered and both these can be exchanged
"A others payable principal and interest, at any Of
or principal financial centres Of Europe In the coin
Al. The various European countries
ef HOW TO GET THEM.-Your nearest Bank
Banker will supply these bonds In any desii
amount and Of any needed denomination. PersC
wishing 10 exchange stocks or other bonds for tn
= can do 80 with any Of our agents, who will allow
highest current price for all marketable securi'
Those living in localities remote from banks n
send money, other bonds, directly 10 US by eIpf
and we will send back Northern Pacific bonds at
own riAk, and without cost to the investor. For
b, ther information, pamphlets, maps, &c, call on
address the undersigned or any OF the Banks
Bankers employed TO sell this loan.
For sale by