Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-09-12
THE UNION PACIFIC RAIL ROAD
THEIR FIRST MORTGAGE BONDS AS AN
w. ----- INVESTMENT. y --------

The rapid progress ofthe Union Pacific Rail
road, now building west from Omaha, Nebras-
ka, and forming, with its western connections,
an unbroken line across the continent, attracts
attention to the value of the First Mortgage
Bonds which the Company now offer TO the
public. The first question asked by prudent
investors is, "Are these bonds securef" Next,
"Are they profitable Investments TO reply
in brief: a'4ss 4 ats 10 NJn
list. The early completion of the whole great
line to the Pacific is as certain as any future
business event can be. The Government grant
of over twenty million acres Of land and fifty
million dollars in its own bonds practically
guarantees 1t. One fourth OF the work lie already
done, and the track continues to be laid at the
rate Of two miles day. @a.'--.A4t. ~
ID. The Union Pacific Railroad bonds are is
sued upon what promises to be one OF the most
profitable lines of railroad in the country. For
many years it must be the only line connecting
the Atlantic and Pacific: and being without
competition, it can maintain remunerative
rates. ......- -
Sd. 425 miles of this road are finished. and
fully equipped with depots, locomotives, cars,
&C, and two trains are daily running each way.
| The materials for the remaining 80 miles to the
eastern base of the Rocky Mountains are on
hand, and it is under contract to be done in
| September. ~
4th. The net earnings Of the sections already
finished are several times greater than the gold
| interest upon the First Mortgage Bonds upon
| such sections, and if not another mile OF the
road were built, the part already completed
! would not only pay interest and expenses, but
be profitable to the Company, 80.
An 9TH. The Union Pacific Railroad bonds can be
issped only as the road progresses, and there
fore can never be in the market unless they re-
present bona fde property. .azs,-..-.--.
6tn. Their amount ia strictly united by law
| 10 sum equal to what is granted by thegU. s.
| Government, and for which it lakes second
| lien as its security. This amount upon the first
| 81 miles west from Omaha is only $4,000 per
mile "'.. '''-'H'
18th. The fact that the U. S. Government con-
siders second lien upon the road good in
vestment, and that some of the shrewdest rail-
road builders OF the country have already paid
| in five million dollars upon the stock (which is
| to them third hen), may well inspire conf
| denee in q first lien. r",.a '-f sra MS
| Sth. 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 secu-
| rity in the world, and who sell their Govern
| ments to re-inpest in these bonds--thus secur-
| ing greater interest. 81 l.. yaF, e.srr
| 9th. AS the Union Pacific Railroad bonds are
| offered for the present at 80 cents on the dollar
and accrued interest they are the cheapest Sc
| curity in the market being more than 10 per
cent. less than U. S. Stocks. .,.. ~. 3D..
| 10th. At the current rate Of premium on gold,
they pay ..... .- ....
Over Nine per Cent. Interest.
The daily subscriptions are already large, and
they viii continue to be received in New York
| by the .'t -f .-ti. -a-85
Contineptal National Bank, Nor Nassau St.,
| Clark, Dodge, Co., Bankers, 81 Wall St.,
John ]. Cisco q Son, Bankers No. 80 Wall
| Street, and by Banks and Is mixers generally
throughout the United States Of wnom maps
and descriptive pamphlets mey he obtained
| They win also BE sent by mail from the Com
! pany's Office, No, 20 Nassau Street, New York,
| on application. Subscribers VIII select their
own Agents in whom they have confidence, who
| alone will be responsible to them for the safe
delivery Of the bonds. ''"
JOHN j. CISCO, Treasurer,
may30d&w3m New York