The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-08-20
ME UNION PACIFIC RAILROAD
a COMPANY.
THEIR FIRST mortgage BONDS
Is an Investment.

The rapid progress Of the Union Pacific Railroad,
now building west from Omaha Nebra,k Ia, and
forming with its western connections, an unbruk en-
line across the continent, attracts attention to the
value ol the thSt VI rtEa.c Bonds - hich the c, M
palN now offer to the public. The -nrst que,ti II
asked by PRUDENT investors is, Are these bones
securet" Next, Are they a profitable nvcs.-
mcuti' To reply in brief;
lst. TIE early conn le.ion of the whole great
line to the Jcinc j. as certain a> any tut re bsi-
ness event can he. The Government grant Of over
twenty million acres ol land and h.ly million dol
I'r>1n It's own bends practically suatautccs j..
cric fourth OF the work j. arcalv done and tie
track continues to he laid at the rate ct TWO miles
| u d.N.
n The Union Pacific Railroad bond, are issued
upon what promises to he one oft most profit
able lines Oi railroad in the country. For many
Years 1t must be the only line connecting the
Atlantic and Pacific; and being vi.hVut compe-
t!'iun, II can maintain lcnEncrative rates
81 42J mile, at ini> loai are finished. and fully
equipped with deput,. locomotives, Z rs, Ac. aud
Two trains are daily running each Wuy The ma
tcrias Tor the remaining ~ miles to the eastern
base Of the Rocky Mountain, are On hari and it
l. under contract to Ice done ia September.
4th. Tie net earning, of the section, already
finished are several time greater than the gui n-
icrest upon the First Mortgage Bonds upon such
sections, and ii another mile Of the road were built
the part already completed would not only pay
inter It and EXPENSE, but be profitable TO tie
Company.
9TH The Union Pacific Railroad bond, can be
issued only as the road progresses, and therefore
can never lie in the market unless they represent
Il 5pHd PILE property
9th. lLcir amount i, st icilv Unite Lv law to
a sum equal To what i, granted 10y the / :. Gov
eminent, and for which 1t takes a second lien as
it, security Ibis amount uopn tie first jl1 miles
west from omaha is only $4,000 per mile.
'th. The fact that the 1. ). Government consil-
ers IL second lien upon the road good Investment
hat AT
oi the country have already paid in five million
dollars upon The stock (Which is 10 them a third
lieu) may well inspire confidence in first lien
Sih. Although it is not claimed that there can
be any better securities than Governments there
are parties who consider first mortgage upon
such property as this the very best ,ecuritv in
the wurli aunt who sell their Governments TO re-
invest in these rond>--thus securing greater
interest.
OH. As the Union Pacific Railroad bonds are
OfcrS tor the present at 80 cents on the dollar
and accrued, they are the cheapest security IN the
market, being more than 10 per cent less than
L. = Stocks.
10. At the current rate Of premium on gold,
they pay
OVER NINE PER CENT. INTEREST
The daily subscriptions are already large and
they will continue TO lie received bv the
Continental National Bank. No. : Nassau ST
Clark, Dodge X Co., Bankers, 81 Wall ST.. John
J. Cisco X son, Bankers, No. 3S Wal St., and 10y
Banks and bankers generally throughout the
United States, OF whom maps and descriptive
pamphlets may Ice obtained. They will also he
sent by mail from the Company Office, No. 20
Nassau Street, New York. ON application Sub
,crbers will select tlcir own agents in whom
they have confidence. no alone will he responsible
to them Tor the safe delivery Of the bonds.
JOHN j. CISCO, Treasurer
113m New York