Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1867-08-30

Auanfial.
UNION PACIFIC
RAILROAD CO.
THREE FIRST MORTGAGE BONDS
As an Investment.

TAG rapid progress Of the Union Pasie Rail-
road now building west from Omaha, Neoraska,
and forming with It's western connections, an I'M
broken line across the sentiment, attracts atten
tion to the value Of the First Mortsafe bS mos
first question asked by prudent investors Is
"Are these bonds secureln Next, Are they
profitable investment! ~ The reply IN brief
list The early completion Of the whole great
line TO the Pacific Is as certain as any future bus-
ness ever can be. The government grant Of oyer oyer
twenty million acres of land and fifty million dol
lars In its own bonds practically guarantees II.
One fourth Of the work Is already done, and tne
track continues 70 be laid at the rate OF Two mics
q day.
upon what promises to be one OF the most pro-
liable lines Of railroad in the country. For many
years 1t must be the only line connecting the At
lantic and Pacific and being without compet-
ton, Il can maint ain remuneratve rates,
Sd. 42j miles of this road are finished, ano luiiy
equipped with depOts, locomotives, cars, sc anu
two trains daily running each way: The ma
terials for the remaining 90 miles 70 the eastern
base OF the Rocky Mountains are on hand, and u
| is under contract to be done In September
9Th. The net earnirgs of the sections already
are several times greater than the gold interest up
| on the First Mortgage Bonds upon such sections,
| and II not another mile Of road were bulti tAe
| part already completed would not only pay inter-
/ est and expenses, but be profitable 10 the OOin-
| pany.
issued only as the road progresses, anu therefore
can never be in the market unless they represent
| bona fds property.
9th. Their amount is strictly limited by law TO
/ a sum equal 10 what IS granted by the s. Gov
ernment and for which IL takes second II. a ITS
/ security. This amount upon the fret 5i4 miles
/ west from Omaha Is nearly 500. per mile.
| It'll, The fret that the U. S. Government con
sders second lien upon the road good Investment,
/ and that some Of the shTeWdest railroad builders
| Of the country have already paid in five million
/ dollars upon the stock (Which is 70 them third
/ lien), may well inspire confidence in a first lien.
| sth. Alth ugh II is not claimed that there can
be any better securities than Governments, there
| are parties who consider a first mortgage upOa
/ such a property as this the very best security IN
/ invest these bOnds-thus securing greater inter
/ est.
| 9Th. As the Union Pacific Railroad bonds are Of
fered for the present at 90 cents on the dollar ana
accrued interest, they are the cheapest security
| in the market, being more than 10 per cent less
| than L. S. stocks,
10Th. AT the current rate Of premium on gold,
! they pay
Orer Wine per CT. Interest.
The daily subscriptions are aleady large any
| they Will continue TO be received In New YORK "a
the
| CONTINENTAL NATIONAL BASk, No. Nassau s. .,
| CLARK, DODGE Co., BANNERS, 81 VAL 81,
JoHs J. CISCO Sos, BASKERs Nc. 80 Wall ST.,
and by BANKS AND BANKERs generally
| thr0ueF 'ut the United states, Of whom mans snd
| descript.s pamphlets may be obtained. They Will
/ also Be seut by mail from the Company's Office,
| No ? Nassau street, New York, on applicants o.
/ Subscribers will select their Ogn Agent IN whom
| they have conf ence, who alone will BE- response
BILE to them for the safe deliver Of the bonds.
JOHN J. CISCO, Treasurer,
juneid&E3nos New YoFs.