North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1867-07-24
rTs.Ks:- -E.S

The rapid progress of the Union Pacific Railroad
now building west from Omaha Nebraska, and for
ming, with its western connections, an unbroksn line
the continent, attracts attention to the value
of the First Mortgage Bonds which the Company
no offer 10 the puLlc. The first question asked by
prudent investors is, "Are these bonds secure ?'-
Next. ''are they profitable investment ?' to reply
in brief;
Ist The early completion of the whole great line
to the Pacific is as certain as any future business
eventscan be. The Government grant of over TWEEN
ty million acres of land and fifty million dollars in
its 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 day.
ID The Union Pacific Railroad bonds are issued
upon what promises to he 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 main
tain remunerative rates.
Sd. 376 miles Of this road are finished, and fully
equipped with depots, locomotives cars, d. and
two trains daily running each way. The mate RI
as for the emaining l3l miles to the eastern base
of the Rocky Mountains on hand and it is under
contract to be done in september
4th. The net earnings of the sections already fn-
shed Seuerdi times greater than the gold inter-
est upon the First Mortgage Bonds upon such sec
tions and If not another mile of he road built
the part already completed would not only pay in
terest and expenses, but be profitable to the Com
pany.
ued only the road progresses. and therefore can
be in the market unless they represent bona
fde property.
9th Their amount is is strictly limited by law to
a sum equal to what is granted by the U. S. Gov
ernment and for whih 1t takes second lien as its
security. This amount upon the first SIT miles west
from Amaha is only SIG, 600 per mile.
7th, The fact that the U. S. Government consd-
ers second lien upon the road good investment
and that some of the shrewdest railroad builders of
the country have ALREADY paid in five million dol
lars upon the stock (Which is to them third len)
may well Inspire confidence in first lien.
6th. Although it is not claimed that there can be
any better securities that Governments, there are
parties who consider first mortgage upon such q
property this the very best security in the world
and who sell their Governments to re-nvest in these
bonds-thus securing greater interest,
9th. As the Union Pacific Railroad bends are offer
ed for the present at 80 cents the dollar and
crued interest," they the cheapest security in the
market being over Is per cent. less than U. S.
Stocks.
10th, At the current rate of of premium on gold,
they pay
OTe,' Nine per- cent. Interest.
The daily subscrl ptions already large, and
the will continue be received in New York by the
Continental National Bank, No, 7
Nassau st.
Clark, Dodge & Co., Bankers, 81
Wall st,
John J. Cisco & SCH, Bankers, No,
33 Wall st.
", Henry ,e vlews & Co., Bankers, 80
and by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained, They will also be ssnt
by mail from the Companys Ohice 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.
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