Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-08-28

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The rapid progress Of the Union Pacific Rallro1d
now building west from Omaha, Nebraska, and for
ming with its western connections m unbroken line
across the continent attracts attention TO the value
of the First Mortgage Bonds which the Company
no offer 70 the public The first question aske BY
prudent investors is, "Are these bonds secure ~
Next "are they profitable investment p to reply
in brief;
LIST. The early completion of the whole great line
to the Pacific is as certain any future business
evensscau be. The Government grant OF over tweu-
ty million acres of land and fifty million dollars in
its own bonds practically guarantees it. One fourth
Of the work is already lone and the track continues
10 be laid at the rate of two miles day.
ID The Union Pacific Railroad bonds are issuel
upon what promises to he OF the most profitable
lines of railroad in tina country For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition, it main
tain remuneratiye rates,
Sd 425 miles Of this road are finished nj folly
equipped with depots locomotives. cars. g.. aAd
two trains are daily running each way IT, mate ri
ais for the ,emaning l3l miles to the eastern
of the Rocky Mountains on hand, and 1t Is under
contract to be done in september
4th The net earnings of the sections already fn-
ished are sereroi times greater than the gold inter-
est upon the First Mortgage Boni upon such sec
tons and If not another mile of be road were built
the part already completed would not only ray in
terest and expenses, but be profitable to the Com-
pany.
5th The Union Pacific Railroad bonds can be j.
ued only as the road progresses. and therefore
never be in the market unless they represent bona
fde property.
9th Their amount Is is strictly limited by law TO
a sum equal to what is granted by the l. :. Gov
ernment and for whih II takes a second lien its
security. This amount upon the first 5l7 niles west
from Amaha Is only SIG, coo per mile.
7th The fact that the L. S. Government consid-
ers q 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 lieu,
NAV well Inspire confidence in first lien.
9Th. Although it is not claimed that there can be
any better securities that Governments, there
parties who consider first mortgage upon such
property as this the very best security the world
and who sell their Governments to rc-Gyest Il these
bonds-thus securing greater interest.
9Th Az the Union Pacific Railroad bsnds are offer.
ed for the lresent ut 80 cents the dollar aLd
crued interest they the cheapest security in tho
market, being over Is per cent. less than L. 5.
Stocks
10th, At the current rate of of premium on gold,
they pay
Ope,. Nine per cent. Interest.
The daily subscri ptiOns are already lorsr, AMI
the will continue to be received in New YurE oy the
Continental National Bank, No, 7
Nassau st.
Clark, Dodge O. 20, Bankers, ot
Wall st,
John J. Cisco & Son, Bankers, No.
80 Wall st.
and BY BANKS AND BANKERS generally through
out the United States, of whom maps ami descriptive
pamphlets may be obtained, They will also 's sent
by mail from the Company's oii,e, No. 2G Nassau
Street. New York, on application. Subscribers vii
select their cun Agents in whom they have coof-
dence, who alone will be responsible to them i"r The
safe delivery Of the bonds.
JOHN J. CISCO. Treasurer,
NEW NOI<k.
v6n4S.3n.