Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-09-04
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&N5@N ANiSIR RIIig
RAIL ROAD co.
IHEZR FIRST .1(OR RIGaG GE
BO.1CD.S
us an ZqYeSi,We7al.

Tho rapid progress of the Union Pacific Railroad
now buiIling west from Omaha, Nebraska and for
ming with its western connections, uubroken line
across the continent attracts attention 10 the value
of the First Mortgage Bonds which the Company
no offer 10 the public. The first question asked by
prudent investors is, "Are these bonds secure 2'-
Next ''are they prc6ta6ie investment p to reply
in brief;
Ist. The early completion of the whole great line
to the Pacific is certain as any future business
eveniscan be. The Government grant of over twen
ty million acres of land and fifty million dollars in
its own bonds practically guarantees it. One fourth
of the work is already 1one and the track continues
10 be laid at the rate of two miles day.
ID The Union Pacific Railroad bonds are issued
upou what promises to be of the most profitable
lines of railroad in ths country For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition: It can main
taiu remunerative rates.
Sd 425 miles of this road are finished, snd fully
eou;pped with degots locomotives. cars, g., and
tso t,ains are 5aiy running each way. TIE mate RI
MS for the emaining l3l miles to the eastern base
of the Rocky Mountains are on hand, and it is under
contract TO { done in september.
4th The ut .aInings OF The sections already nm
shed are sererai times greater than the gold inter
est upon the First Mortgage Bon1s upon such sec
ons and If not another mile of he 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 as 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
ernment and for wh h 1t takes second lien as its
security. This amount upon the first 5l7 niles west
from Amaha is only sic 900 per mile.
7th The fact that the U. S. Government consd-
ers second lien upon the road good investment,
and that some of the shrewdest railroad builders of
the country have alread- paid in five million dol
lars upon the stock (Which is to them third lien),
may we'll Inspire confidence in first lien.
Sh 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 in the world
and who sell their Governments to re-invest in these
bonds-thus securing greater interest.
9Th As the Union Pacific Railroad bends are offer
ed for the resent at go cents the dollar and
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
Opea. Nine per Cent. Interest.
The daily subscri ptions 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 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 cwn Agents in whom they have conf
dence who alone will be responsible to them for the
safe delivery of the bonds.
JOHN J. CISCO, Treasurer
NEW YORK.
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