National Republican., 1873-06-26

With the same entire confidence with which
commended Government bonds to Capitalists and
people. now, after the fullest investisa ton re
commend the Northern Pacific Railroad bonds 70 our
riends and the general public.
GOLD PAYMENT.
Both principal and interest are payabie in Ameri
can gold coin. at the once Of Jay Cooke Co, New
York Citythe principal at the end Of % years. and
the interest t the rate Of and three enths pei
cent per annum) half yearly, nrst Of January and
July.
PERfECT sAFETY.-Tbo bonds we are now sell
ing are occurred by nrut and only mortgage on all
the property and rights OF the Northern Pacnc Raj
roa Company, which will embrace on the compile
ton Of the work.
l. Over Two Thousand Miles Of Road. with rollin
stock, buildingr, and all other equipments.
q Over Twenty-Five Thousand Acres OF Land TO
every mile Of finished road This lAndagric ultiral
mbered aud mineral amounting In all TO more than
Fifty Million Acres consists Of alternate sections
reaching twenty 10 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, 10 Puget Sound.
While the Government does not directly guarantee
the bonds OF the Road, II thus amply provides for
their full and prompt payment by an unreseryed
grant Of land, the most valuable conferred upon
great national Improvement
THE MORTGAGE. The Trustees under the
MORTGAGE are Messrs. Jay Cooke, Of Philadelphia,
yaniA Central Railroad Company. They will d
rocty and permanently represent the interest Of the
First Mortgage bondholders and are required 10
that the PToos.d ds Of laad sa'ss used In pr
eAasia0 a. d eaaosiirg As boHds u Ne compaas n
they can be bought before maturity at not more
than 10 per cent premium; otherwise the Trustees
invest the proceeds OF the land sales In UnNed
States Bonds Real Estate Mortgages for the fur.
ther security Of Northern Paciho bondholders.
Also. that they have at all times In their control
security, at least 800 Of average land 10 every
900 Of outstanding hrst mortgage bonds, be-
sides the railroad Itself. and all Its equipments and
franchises.
PRoFITABLENEss.-o course nothing can be
Afer than the bonds Of the United States but as the
Government ia no longer borrower. and a. the Ma
toms present work Ia not that Of preserving Its
stenoe. but that Of DKvRLoPINo CONTINENT. we
remind those who desire 10 increase their income
and obtain more permanent investment while still
having perfectly reliable security. that
Uuited States b9Da at the average premium yield
the present purchaser less than ~ cont gold in
terost. Should they be redeemed In hye years, and
sDecie payments be resumed they would really pay
only AZ per cent, or II in three years. only ~ per
cent aa the present premium would meanwhile
sunk.
Northern PAcinc 7-STs selling at par in currency
Yield thenyestor siO per cent gold interest abso
utely for thirty years, IrssJrOm UHtsd taiss tar
eliOO currency invested now in United States S9Os
will yield per year In god-say cd; sl.iOo currency
invested now In Northern Pacific 79gs will yield per
year in gold ssooo Here Ia difference IA aHRsai IA
soas OF nearly o1s0ird. besides a difference Of to
10 per cent In principal when both Glasses OF bonds
are redeemed.
THE ROAD NOW BUILDING. Work was begun
n July last on the eastern portion Of the line and
the money provided by the sale TO stockholders OF
some uiI millions OF the Company's bonds, to build
and equip the road from Lake Superior across Min
nesotA to the Red River Of the North -2s mies The
grading on this division In well advanced, the
iron ia being rapidly laid; several thousand men an
at work on the line and about the nrst Of Angus
next this importans section Of the road viii be
full operation. In the meantime orders have been
sent TO the Pacific coast for the commencement Of
the work on the western end In early spring, and
thereafter the work will bo pushed both eastward
and westward. with n much speed a. may be eonsis
tent with solidity and wise economy.
RECEIVABLE FoR LANDS These bonds will
be at all times before maturity, receivable at 10 In
payment for the Oompany's lands at their lowest
cash price.
BoNDSEXCuANoEABLR The Registered bonds
be exchanged at any time for coupons the coupon
for registered, and both these be exchanged for
others, ayable principal and interest," A any OF the
principal financial centres OF Europe In tho coin
the various European countries.
HOW TO GET THEM.-Your nearest Bank or
Banker will supply these bonds In any desired
amount and Of any needed denomination. Persons
wAhing 10 exchange stocks other bonds for these
can do 30 with any OF our agents. who will allow the
highest current price for all marketable securities
Those living In localities remote from banks may
send money other bonds directly TO MS by express
and we will send back Northern Pacific bonds at our
own risk. and without cost 70 the investor For far
ther information, pamphlets, maps, &c, call on
address the undersigned. or any Of the Banks
bankers employed to sell this loan.
For sale by