Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1867-09-06
finanfiaI.
UNION PACIFIC
RAILROAD co.
THREE FIRST MORTGAGE BONDS
As an Investment.

Tar rapid progress Of the Union Pacihc kaiI-
road now building west from Omaha, NepraszA'
and forming, with its western eonnse0ns aitsn
zion 10 the value Of the First Mortgage bonos
Shich the Compsny now offer to the public. Inc
rst question on assea Sy Next Are they
proftable investment y' The reply in 5Tiei
Isl. The early completion Of the whole grest
line 10 the Pacific Is as certain as any future Dust
mess ever can be. The government grant OF over
twenty million acres OF land and hfty million u9.
lars in It's own bonds practically Eua n and tns
track continues to be laid at the rate OF Two miles
day. f,.rad
upon what promises 10 be one OF the most pro-
ftable lines OF railroad in the country. roI may
years It must be the only line connecting the AZ
ton, it can maintain remuneratiye rates,
%. 42j miles Of this road finished, and fully
equipped with depots. loeomotiyss' ears nc anu
terials for the remaining % miles 70 the eastern
base OF the Rocky Mountains are on hand, and u
is under contract to be done in September.
4th. The net earnings Of the sections already
are ssrsrsl greater than the gold interest up
on the First Mortgage Bonds UPON such sections,
and If not another mile OF road were built the
part already completed would not only pay inter-
est and expenses, but be profitable to the Com
psny.
issued only as the road progresses, and therefore
can never he in the market unless they represent
bona Efe property.
9Th. Their amount is strictly limited by law to
a sum equal 10 what Is granted by the U D. Gov-
ernment and for which il takes a second lien as its
security. This amount upon the hrst 81 miles
west from Omaha Is nearly $1,000 per mile
eth, The fact that the I. s. Government con
siders second lien upon the road good Investment,
/ and that some Of the shrewdest railroad builders
/ Of the country have already paid in i've million
/ dollars upon the stock (which IS 70 them third
/ lien), may well inspire confidence in first lien.
| 6th. Although IL is not claimed that there can
be any better securities than Governments. there
/ are parties who consider a first mortgage upoa
such a property as this the very best security in
invest these bonds-thus securing greater inter
| est.
| 9Th. As the Union Pacific Railroad bonds are Of
fered for the present at 90 cents the dollar and
| accrued interest, they are the cheapest security
| in the market, being more than - per cent les'
than U. S. Stocks,
10th. At the current rate of premium on gold
they pay
Orer Wine per "a. Interest
The daily subscriptions are already large am
they will continue 10 be received in New York b,
the
| CONTINENTAL NATIONAL BASk, No. Nassau st.
| CLARK, DoDGE & Co., BANKERS, 81 Wall St.,
| JOHS J. Cisco & SOS, BANKERS, No. % Wall 81.
and by BANKS AND BANKERS generally
throughout the United States, Of whom maps ans
descriptive pamphlets may be obtained. They viii
| also be sent by mail from the COmpany's Office
No. Nassau Street, New York, on applicatiCn
Subscribers will select their own Agents in WHOM
they have confidence, who alone will be respOnsi
BILE TO them for the safe deliver Of the bonds.
JOHN J. CISCO, Treasurer,
iuneid&Elnos New York.