North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1867-07-17
T--E::I E

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and for.
M lg with its western connections unbroken line
across the continent attracts attention to the value
of the Frs: Mortgage Bonds which the Comp Any
no offer 10 the puLlc. The first question asks by
prudent investors is, 'Are these bonds P'-
Next. "are they profitable investment % to reply
| IN brief;
Ist. The early completion of the whole great line
to the Pacific is as certain any future business
eveni..can be. The Government grant of over tweu =
ty llion acres of land aud fifty million dollars in
its bonds practically guarantees it. One fourth
Of the work is already ione and the track continues
10 be laid at the rate of two miles day.
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
lines of railroad in tho country For many years it
must be the only line connecting the Atlantic and
Pacific and teinz without competition, it Can ma;n-
tain remuneraLve rates.
Sd 376 miles of this road are finished and fully
equipped with e;ots locomotives. cars, d., and
two trains Gay running each way. the mate RI
for the emsining l3l miles to the eastern base
Of the Rocky Mountains on hand, and it is under
contract to be done 10 september.
4th The net earnings of the sections already fin.
ished Sereral times greater than the gold inter-
est upeMthe First M"rtgage Bonis upon such sec
tions, and If not another mile of be road built
the part already completed would not only pay in
terest and expenses, but be profitable to the Com
pany.
5th The Union Pacific Railroad bonds can be is
ued only the road progresses. and therefore can
never be in the market unless they represent bon
fde property.
9th. Their amount is is strictly limited by law to
a sum equal TO what is granted by the U. s. Gov
erument, and for whi 1t takes second lien its
security. This amount uon the frs. SIT niies west
from Amaha is only sic 900 per mile
7th The fact that the L. S. Government consid-
ers "a second lien upon the road good investment,
and that some of the shrewdest railroad builders of
tho country have aIread- paid 10 FIVE million dol
lars upon the stock (Which is to them third lien)
may we'll Inspire confidence in first lien.
9Th. Although it is not claimed that there can be
any better securities that Governments, there are
parties who consider first mortgage upon such a
property this the very best security the world
ana who sell their Governments to reinyest these
bonds-rhus securing greater interest.
9th. As the Union Pacific Railroad bends are offer
ed for the resent ut 80 cents on the dollar ard ac-
crued interest they the cheapest security in the
market, being over Is per cent. less than U. S.
Stocks.
10th, At the current rate of of premium on gold,
they pay
OyeS' Nine per- Cent. Interest.
The daily subscri ptcns are already large. and
the will continue to be received in New York by the
Continental National Bank, No, z
Nassau st.
Clark, Dodge & Co., Bankers, 81
Wall st,
John J. Cisco & Son, Bankers, No.
33 YAH st.
Henry Clews & Co., Bankers, 80
Wall st.
and by BANKS AND BANKERS generally through
out the United States OF whom maps and descriptive
pamphlets may be obtained, They will also be sent
by mail from the Company's Office, No. 20 Nassau
Street, New York on application. Subscribers will
select their own Agrnts in whom they have conf
dence who alone will be responsible to them for tie
safe delivery of the bonds.
JOHN J. CISCO, Treasurer,
NEW YORK.
v6n4e.3n.