Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-08-21
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! The rapid progress Of the Union Pacific Railroad
! now building west from Omaha Nebraska, and for
ming with its western clnneetiJns unbroken line
across the continent, attracts attention TO the value
/ of the First Mortgage Bonds which the Company
now offer 10 the puLlc. The first question asks by
prudent investors Is, ''Are those bonds secure !'-
| Next. "are they profitable investment % to reply
! in brief
Ist. The early completion of the whole great linz
to the Pacific Is as certain as any future business
eveni can be. The Government grlnt of over tweu
ty million acres O! land and fifty million dollars in
It's own bonds practically guarantees it. One fourth
of the work is already tone, and the track continues
! 10 be laid at the rate Of twu miles day.
/ ID The Union Pacific Railroad bonds issued
upon what promises to be of the most profitable
lines OF railroad in thu country. For many years it
must be the only line connecting the Atlantic and
Pacific and icing without competition it can main
! tain rcmuneraJive rates,
/ 81 AS miles Of this road arc finished, and fully
e.. .appei with &c OTIS locomotives ears, &:- and
TO T,igs are Sally running each way The mate RI
of The Rocky Mountains are on hand, and it is under
contract to bs done in Septe.@'e:.
4th The net earnings Of the sections already fin
ished are sererat times greater than the goa inter-
est upon the First Mortgage L, mis- upon such see
tons and If not another mile Of he road uuilt
the part already completed would not only pay in
terest and expenses, but be profitable 10 the Com
pany.
sta. Til, Union Pacific Railroad bonds can be IS
ued only as the road progresses. and therefore can
be in The market unless they represent bon
fde property.
9th Their amouat Is is strictly limited by law to
a sum equal to what is granted by the L. 5. Gov
ernment and for viii h 1t takes second lien rs its
security. This amount upon the first 5l7 niles west
from Amaha is only sic 200 per mile
9Th The fact that thc L. S. Government consid-
eTs a 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 he stock (Which is to them a third en),
may well Inspire confidence in first lien
Sth Although it is not claimed that there can be
any better securities that Governments, there are
parties who consider first mortgage ulon such a
property this the very best security in the world,
and who sell their Governments to re-invest these
bonds-thus securing greater interest.
9th. As the Union Pacific Railroad bsnds are offer
ed for the resent at 90 cents on the dollar ard ac-
erued interest they the cheapest security in the
market, being over l5 per cent. less than U. 5.
Stocks
10th, At the current rate of of premium on gold,
they pay
O1'e1' Nine per- cent. Interest.
The daily subscriptions 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 Vail St.
and by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may oe obtained, They Will also he sent
by mail from the Compahy's Office, No. 2c Nassau
Street, New York on application. Subscribers will
select their own 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.
v6n4S 3m.