National Republican., 1873-04-26
JAY COOKE & CO,

Oner for sale at par accruod intcrest the
First MortGaEs Land Grant Gold Bondssf
the Northern Pacific Railroad Company.
They arc free from United States tax, and
are issued Of the following denominations
Coupons, 500, $500 and $1,000, rcsi.-
tered, 500, $500, $1,000, $1,000 and
$4,000.
with the same entiro confidence with which we
commended Government bonds TO Capitalists and
people we now. after the fullest investiga tion re
commend the Northern Pacific Railroad bonds 70 our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payable In AIneri
can gold coin at The once Of Jay Cooke Co. New
York Ciy-ths principal At the end Of % years, and
the interest a the rate Of seven and three entha
cent per annum) halfycariy. nrst Of January and
| July.
PERfRoT sAFETY-Tbe bonds We are now sell
ing are oocured by nrst and only mortgage all
the property and rights Of the Northern Pacino Rail
| roe Company, which will embrace on the compile
ton Of the worn.
l. over Two Thousand Miles Of Road, with roliIn
stock. buidngs, and all other equipments
Over twenty-five Thousand Acres of Land to
every mile OF finished road This lAndasrio ultural
mberod and mineral. amountinS in all 10 more that
Ffty Million Acres. consists Of alternate sections
reaching twenty 70 forty miles on saoh side Of tho
track. and extending In . broad. fertile belt from
Wisconsin through the richest portions Of Mime
sotA. Dakota, MontAna, Idaho, Oregon. and waAh.
| inRton. 10 Puget Sound.
While the Government does not directly guarantees
the bonds Of the Road, II thus amply provides for
| their full and prompt payment by an unroserVed
grant Of land the most valuable conferred upon
q great nAtionAl Improvement
THE MORTGAGE. Tho Trustees under the
| Mortgage are MessruL Jay Cooke, OF PhladelphiA,
and .. Edgar Thompson, President Of tho Psnnayl
/ vAnla Central Railroad Com pany. They will di
recy and permanently represent the interest OF the
fIrst Mortgage bondholdors, and arc required 10
see that the proes Do " isad saiss used In PSF
eAasiag esd oaaesiisg Ne bsHds Qr he ConpiaH ~
| they can be bought before maturity at not more
| than 10 per cent premium; otherwise the Trustees
arc invest tho proceeds Of the land sales In United
States Bonds or Real Estate Mortgages for tho fur
| ther security Of Northern Pacino bondholders.
Also that they have at all times In their control a.
security Of least 10 Of average land TO every
| sI,ooo Of outstanding rrst mortgage bonds, be
sides the railroad itself. and all IL equipments and
PRoFITABLENEss.-of course nothing can bs
afer than tho bonds Of the United States. but the
Government s no longer . borrower. and as the Ma
tons present work 10 not that Of preserving II. On
stenoe, but that Of pHyHLoPno CONTINENT, We
remind those who desire 10 increase thsir tnoom,
and obtain more permanent investment while stil
having perfectly reliable security, bati
United States k20u at the average premium ytelt
the present purchaser ess than W per cont gold II
terest should they be redeemed in I'VE years, ana
only AZ Per cent, or II In three Year,, only ~ pei
cent "A tho present premium would meanwhile
sunk,
Northern Plcinc 7sps selling a, par in eurrenc,
Yield theinyestor $40 per cent gold interest abs
utely for thirty years free IrOm Usitsd staiss IA
siiOo currency invested now In United States ~
will yisd per year In gold-say ca: ei.iOo currenc,
invested now In Northern Pacific 7Soa will yield 20
year IN gold eoon Here Ia difference o. ssssai IA
,ons Of nearly oas1ird. besides difference Of "
per cent In principal. when both classes Of bond
THE Road NOW BUILDING Work was begu
n July last on the eastern portion Of the limo an
the money provided by the sale 10 stockholders O
some siI millions Of the Oompany's bonds, TO bull
| and equip Tho road from Lake Superior across Nil
nesota 70 the Red River Of the North miles Tn
J grading on this division Il now well advanced, th
iron u being rapidly laid; several thousand men ar
At WORK on the line, and about the hrst OF Augu
J next this importan.s section Of the rOad will be
full operation. In the meantime orders have bee
sent 70 the Pacific coast for the commencement q
the work on Tho western eud IN early spring an
J thereafter the work will bo pushed both eastwAr
and westward. with ~ much speed a. may be conai
tent with solidity and wise economy
q RRCEIVABLR FOR LANDS. These bonds vi
be At ali times before maturity receivable, 81 10
+ payment for the oompNnyS lands at their lowe
cash price
I BONDS ExcHANGaABLR Tho registered bono
can be Exchanged Of any time for The coupe
for registered, and both these can 10 exchanged Il
others payable principal and interest," at any Of u
principal financial centres Of Europe In tho coin
| the various European countries
HOW TO Oct THEM.-Your nearest hank
Y Banker will supply these bonds In any desire
q amount and Of any needed denomination. Persc;
Il Wishing 10 exchange stocks other bonds for The
oAn do 90 with any OF our agents, who will allow Il
highest current price for all marketable securiti
u Those living IN localities remote from banks mi
send money or other bonds directly 70 by oIpro
y and We will send back Northern Paonc bonds at OF
own rAk. and without cost 10 the investor For fu
. ther information. pamphlets, maps. Nc, call on
X Addresa the undersigned, or any Of the Bankh
BANKERS employed 10 sell this loan.
ID For sale by