The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-01

4 IT..
The Board Of Directors have declared Dividend Of Five
Per Cent free of tax payable ON the LIST day OF
JOHN J. Soaring. Secretary.
CTocKHoLDERs IN THE ERIE RAILWAY CON-
may secure 70 the property regular
sqas''sd TO send
2uddusTEUhs' uEh'sc ssccHELL.
NEw YORK, July rs. 1857.
The UNION PACIFIC RAILROAD COMPANY.
THEIR FIRST MORTGAGE BONDS
AS AN INVESTMENT.
The rapid progress of the Union Pacific Railroad
building west from Omaha Nebraska and forming with it,
western connections unbroken line the Continent
attracts attention to the value Of the First Mortgage Bonds
which the company offer 70 the public The FIRST ques
asked by prudent investors is "Are these bonds
cure Next Are they profitable invesment To reply
in brief:-
ls The early completion the whole great line to the
Pacific certain any future business event be-
The government grant of twenty mi Of land
and nfy million dollars It's bonds practically guaran-
tees it, one-fourth Of the work already done, and the
ID. The Union Pacific Railroad Bonds issued, upon
what promises one Of most profitable lines rail-
road in the country For many years must be the only
line connecting the Atlantic Pacific; and being without
compe tuon, it can maintain remunsratIve rates.
3D. s7s miles this road are finished and fully equipped
with depots locomotives. cars &C., and trains
daily running each way The materials for the remaining
l miles the eastern base the Rocky Mountains
hand. and under contract TO be done in September
9Th net earnings Of the sections already finished
several times greater than the gold interest upon the First
Mortgage Bonds upon actions another mile
Of the road were built the part already completed would
only pay but bs profitable 70 the
company.
9Th The uaion Ps.s. Rslread Bonds O.. bs issued sa
the progresses therefore can never In the
markst unless they represent bona nde property.
Oh. Their amount is strictly limited By law sum equal
what granted By United States govsrnnsn and for
which takes second lien a. s security. This amount
upon sl7 miles west Omaha is only $4,000 per
mile
sder lien upon the good investment and
of shrewdes. railroad builders Of the country
have already paid hvs million dollars upon the stock
(which them third en may wen inspire confidence
in first lien.
9Th. Although It is claimed that there can bs any
better securities than Governments there parties who
consider first mortgage such property this the
best security in the world land who sell their Govern.
to in these bonds,hus securing greater
interest
9th. As the Union Pacific Railroad Bonds are offered for
the present ninety the dollar and accrued
cres, they the cheapest security In market being
than fifteen per than United States stocks
10th. At the current rate premium on gold they pay
OVER NINE PER CENT INTEREST
The daily subscriptions already large and they will
continue to be received in New York by the
CONTINENTAL NATIONAL BANK. No. NASSAU street;
CLARK. DODGE CO.. Bankers, 81 Wall street;
JOHN J. CISCO SON, Bankers, 50 Wan street;
HENRY cLEws CO., Bankers, 81 Wall street;
HEDDES WINCHESTER 4 CO, Bankers, es Broadway.
BY banks generally throughout the United
States. Of whom maps and descriptive pamphlets may
be obtained They will also be sent by mail from the
companys once. 20 Nassau street, New York, applica-
ton Subscribers will select their own agents. in whom
they have confidence who alone viii be responsible to them
for the safe delivery of the bonds
JOHN ). CISCO. Treasurer,
New York.