The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-08-13
(T'?O;1nn
TIE UNION PACIFIC RAILROAD
l. COMPANY.
THEIR FIRST MORGAGE 9BONDS
IL an Investment.

Ihelapid progress Of the Union Pacific Railroad
now building west from Omaha, Nebraska, and
uiming with its western connections All unbroksn
line across the continent, attracts attention to the
value OF the Fist VI rtgage Bonds which the Com
panY nON OYER to the public. The first question
asked ly prudent investors ia, "Arc these bonds
,ccureF Next. Are they a profitable invest
ment?' To reply in brief;
1st. The early comp elton of the whole or at
line to tic Pacific Is - CERTAIN rs ahv future buzz
hess, evctt can be. The Government grant Of over
tweni! million acres OF lsnd and fifty million dol
lars ia its own bond. practically Cuar.n'css 1t.
One fourth of the work is alreaiv DONE and the
track continues to be laid 1T the rate OF tNo miles
a da,.
I'd The Union Pacific Railroad bonds are Issued
upon what promises to be one of e most profit
able EoS OF railroad in the country. For many
years it must be the only line connecting tho
Atlantic and Pacific; and being Tithout cOmpe-
tiiun, it can maintain reniunerstive rates.
81 425 miles OF tins iusl are finished. and fully
equipped with dcpots. locomotives, c rs. SC, and
two trains are daily running eGch wsv. The ma
teralS for the remaining % miles to the eastern
base Of the Rocky Mountains are ON hand and it
Is under contract to he done in September.
Attn The net earnings OF the sections already
finished are several time greater than tue gold in
tcrcst upon the First Mortgage lionds upon such
sections. and il another mile Of the road were built
the part already completed would not only nav
Inter st and expenses, but be profitable to tho
Company.
9TH The Union Pacific Railroad bonds can be
issuel only as the road progresses, and therefore
can never he In tie market unless they represent
a bona pie property.
9th. their amount is st ictlv limitel by law to
a sum equal to what is granted by the L S. Cow
eminent, and for which it takes second lien as
its security This amount upon the first jI7 miles
west from Omaha is only f16 900 per mile
7th the fact that the u. S. Government consil-
crs a second lien upon the road good Investment
and that some OF the shrewdest railroad builders
ct the country have already paid in tive million
dollars upon the stock (Which is to them third
lieu) may we'll inspire Confidence in first lien.
SIN. Although it is not claimed that there can
lie anv better securities than Governments there
are parties whO consider y first mortgage upon
such property rs this the very best security in
the world, and who sell their Governments TO re-
invest in these rOnds-Athus securing a greater
interest.
9th. As the Union Pacific Railroad bonds arc
offered for the present at 90 cents on the dollar
and accrued, they the cheapest security il the
market, being more than IL 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
thov will continue to he received by the
Continental National Bank, No. Nassau ST.,
Clark, Dodge 4 Co., Bankers, 81 Wall St., John
J. Cisco & Son, Bankers, No. 80 Wall ST.. and by
Banks and Bankers generally throughout the
United States, OF whom maps and descriptive
pamphlets may lie obtained They will also lie
sent by mail from the Ccmpanv's Office, No. 20
Nassau Street, New York, on application. Sub
>criLers will select their own agents in whom
they have confidence who alone will he responsible
to them for the safe delivery of the bonds.
join j. CISCO, Treasurer,
ll;5m New York