Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-09-25
TETE
TEEE
8Az5i@A 8Nj@g5ihftig
RAIL RAD co.
ZHEZR FIRST .1lOR RIGaGE
UO1rDS
Us an /QpeSin2enI.

The rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebraska, and for
ming, with its western connections, unbroken line
across the continent attracts attention to the value
of the First Mortgage Bonds which the Company
no offer 10 the public. The first question asked by
prudent investors is "Are these bonds secure r'--
Next "are they profitable investment p to reply
in brief;
lst. 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 twen :
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 day.
I'd The Union Pacific Railroad bonds are issued
upon what promises 10 be of the most profitable
lines of railroad in tho country For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition; it main
tain remunerative rates,
Sd 425 miles of this road are finished, and fully
equipped with GepOts, locomotives. cars d., and
two trains Sally running each way the mate RI
ais for the enaining l3 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 fin
ished are sereraI times greater than the gold inter-
est upon the First Mortgage Bonis upon snch sec
tons and If 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.
5th. 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 bon0
fde property.
9th Their amount Is is strictly limited by law to
a sum equal to what is granted by the U. S. Gov
ernmen and for viii b 1t takes a second lien as its
security This amount upon the first 5l7 niles west
from Amaha is only SIC 100 per mile.
7th The fact that the [. s. Government consid-
a cnnIl lan ne a inye
and that some of the shrewdest railroad builders of
the country have aread~ 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 ID not claimed that there can be
anv better securities that Governments there are
property this the very best security in the world,
and who sell their Governments to reiuyest in these
6Onds-thus securing greater interest.
9Th As the Union Pacific Railroad bsnds offer
ed for the present at 80 cents on the dollar and
crued interest they are the cheapest security in the
market, being over Is per cent. less than L. 8.
Stocks
10th, At the current rate of of premium on gold,
they pay
Op'e1' Nine per cent. Interest.
The daily subscri ptions are already large, and
the will continue be received in New York by the
Continental National Bank, No, Z
Nassau st.
Clark, Dodge & Co., Bankers, 81
Wall st,
John J. Cisco & Son, Bankers, No.
33 Wall st.
and by BANKS AND BANKERS generally through
out the United States Of whom maps and descriptive
pamphlets may be 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 cwn 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.
v6n4S.3m.