Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-10-09
TETE

! The rapid rrogr ss Of the Union Pacific Railroad
now bulin. west from Omaha, Nebraska, and for.
ming with its western connections IN Gnbroken line
across the continent. attracts attention to the value
/ of the First Mortgage Bonds which the Company
now offer 10 the public. The first question asksl by
prudent investors Is, "Are these bonds ~
/ Next "are they profitable investment % to reply
! in brief
lst. The early completion of the whole great line
to the Pacific is as certain any future business
event'can be. The Government grant of over TWEEN
/ 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 a day.
! I'd. The Union Pacific Railroad bonds are issued
upon what promises to be on Of the most profitable
lines of railroad in tho country. For many years is
must be the only line connecting the Atlantic and
Pacific and being without competition it main
tain remunerative rates.
3D. 425 mile Of this road are finished, and fully
equipped with Gepots locomotives cars a.. and
two trains daily running each way. The mate ri
ais for the emaning l3l miles to the eastern base
of the Rocky Mountains on hand ani it is under
contract to be done in september.
4th The net earnings of the sections already En-
ished are sererai times greater than the gold inter-
est upon the First Mortgage Bonds upon such sec
tons and If not another mile Of he road were built
the part already completed would not only pay in
terest and expenses but be profitable to the Com
pany.
5h The Union Pacific Railroad bonds can be is
ued only as the road progresses and therefore can
never be in the market unless they represent bon a
fdt property
9th. Their amount Is is strictly limited BY law to
n sum equal to what is granted by the L. S. Gov
ernnent, and for viii 1t takes second lien its
security This amount upon the frs, SIT mics west
from Amaha is only Sl6 900 PER mile.
7th The fact that The L. s Government cousd-
ers n se9tnA liPn ~ r0ai Il rOpl
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 lien)
may we'll Inspire confidence in FIRST lien.
Sth Although it is not claimed that there can be
apy better securities that Governments there are
parties who consider first mortgage upon such a
property this tAe very best security in the world
and who sell their Governments to reinyest in these
bonds-thus securing greater interest.
9th. AS the II Mon Pacific Railroad bNnds offer
ed for the resent at go cents the dollar and
crued interest they are the cheapest security in the
market, being over 10 per cent. less than L. 5.
Stocks.
10Th, At the current rate Of of premium on gold,
they pay
Ojc1' Nine per- emf. Interest.
The daily subscr ptions are already large, and
the will continue to be received in New York by the
Continental National Bank, No, 7
Nassau st.
Clark, Dodge s, Co., Bankers, 81
Wall ST. D. .t H-tt
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 he obtained, They will also be sent
by mail from the Company's Office, No. 20 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.