Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1867-08-16
fiuanfial.
UNION PACIFIC
RAILROAD CO.
THREE FIRST MORTGAGE BONDS
As an Investment.

TEE rapid progress Of the Union Pacific Rail-
road now building west from Omaha, Nebraska,
and forming, with its western connections. an I'M
broken line across the sentiment, attracts stten-
ton to the value Of the First Mortgage Bonds
which the Company now offer to the public. The
s, question on ASKED ~ PrusssSi
profitable investment The reply in brief
LIST. The early completion OF the whole great
line to the Pacific Is as certain any future busi
ness ever can he. The government grant Of over
twenty million Of land and fifty million dol
one fouTth Ct the V work { aircSdy done, and tie
track continues to be laid at the rate OF two miles
q day.
upon what promises 10 be Of the most pro
htable lines Of railroad in the country. For many
years II must be the only line connecting the At
iantic and Pacific and being without compsti-
ton, it can maintain remuneratiye rates
3D.. i25 miles Of this road are finished, and iully
equipped with depOts, locomotives, cars. sc, and
two trains daily running each way. The ma
terials for the remaining % miles TO the eastern
base Of the Rocky Mountains are on hand, and It
IL under contract TO be done in September.
9Th. The net earnings Of the sections already
are times greater than the gold interest up
on the First Mortgage Bonds upon such sections
and II not another mile Of road built, the
part already completed would not only pay inter
est and expenses, but be proftabls to the Com
5th. The Union Pacric Railroad bonds can he
issued only as the road progresses, and therefore
can never be in the market unless they represent
bona fde property.
9Th. Their amount is strictly limited by Law to
q sum equal to what Is granted by the o s. Gov
ernInent and for which il takes Second lien a. its
security. This amount upon the fret 81 miles
west from Omaha is nearly SIC 90 per mile.
It'll, The q CT that the U. 5. Government con
siders second lien upon the road a good Investment
and that some Of the shrewdest railroad builders
/ Of the country have already paid in five million
dollars upon the stock (Which is 10 them a third
lien), may well inspire confidence in first lien.
6th Although IL is not claimed that there can
/ be any better securities than Governments there
/ are parties who consider a first mortgage upOn
/ such property this the very best security in
the world, and who sell their Governments 70 re-
invest these bonds-thus securing greater inter-
/ est.
| 9th As the Union Pacific Railroad bonds are Of
fered for the present at 30 cents on the dollar and
in the market, being more than Is per cent less
/ than U. S. stocks,
10Th. At the current rate of premium on gold,
/ they pay
Orer Wine per CT. Interest.
The daily subscriptions are already large, any
| they will continue 70 be received in New York Id
/ the
| CONTINENTAL NATIONAL BANK, No. Nassau St,
| CLARK, DODGE Co., BANKERS, 81 Wall St,
| JOIN J. Cisco Sos, BANKERS, No. 80 Wall St,
/ and BY RANKS AND BANKERS generally
descriptive pamphlets may be obtained. They will
/ also be sent by mail from the COmpany's Office,
| No. Nassau Street, New York, on application
/ Subscribers will select their own Agent IN whom
/ they have conf ence, who alone will be response
| BILE 70 them for the safe deliver Of the bonds.
! JOHN J. CISCO, Ire isurer,
| juneidkw3mos New YORK.