The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-08-27
/ lie UNION PACIFIC RAILROAD
l. COMPANY.
THEIR FIRST MORTGAGE BONDS
IL an Investment.

The.rapid progress of the Union Pacific Railroad.
now building west from Omaha, Nebraska, and
forming with its western connections, an unbruken
line across the continent attracts attention to the
value OF the Fist NJ rtgalc Bonds which the Com
pany now offer to the public. The first question
asked by prudent investors is, Are these bonds
@cntcE Next Are they profitable invest
mcntT To reply in brief,
LIST. The early completion of the whole great
line to the Pacific is certain rs any future bust
ness event can be. The Government grant If over
twenty million acres OF land aud iltv million dol.
lars in lis own bends practically guarantecs il.
One fourth OF the work is already DONE and the
track continues to be laid the rate OF two miles
II dI,.
"a, The Union Pacific Railroad bonds are issued
upon what promises to he one of most profit
able lines OF railroad IN the country For many
wears it must he the only line connecting the
Atlantic and Pacific; and heins ithout CONNIE
titiun 1t can maintain rcmunerativc rates.
81 I2j miles of tins road are finished. and fully
equipped with depots locomotives, c rs, &c, aud
two trains are daily running each way. The MAJ
terials for the remaining % miles to the eastern
base Of the Rocky Mountains are m hand, and it
Is under contract to be dunein September.
ith. HE net earnings Of the sections already
finished are several time greater than the gold III
tercst upon the First Mortgage bonds upon such
sections. and il another mile Of the road were built
the part already completed would not only paw
inter It AMI expenses, hut be profitable to the
Company,
9th The Union Pacific Railroad bonds can he
issued only the road progresses, and therefore
eau never he in the market unless they represent
a bona Pile property
6th. their amount is st iclv limited bv law to
a sum equal to what is granted by the l. S. Gov
eminent. aud for which it takes a second lien as
it, security His amount uopn the irst jl7 miles
west from omaha is only $1,000 per mile.
9TH. The fact that the L. ). Government consil-
erS second lien upon the road goodmvestment,
and that some ot the sllreNdest railroad builders
OF the country have ALREADY paid in live million
dollars ulOn the stock which is to them third
lien( may well inspire confidence ina first lien.
o,h. Although il is not claimed that there can
bo any better securities than Governments, there
are PARTIES who consider first mortgage upon
such property as this tho very best securitv in
the world aud Who sell their Governments to re-
invest in these ronds--thus securing greater
interest.
9,h. A. the Union Paeilc Railroad bonds are
offered tor the present at % cents on the dollar
and accrued, they the cheapest security Ia the
market. heng more than 10 per cent. less than
L. ). Stocks.
TO- At the current rate of premium on gold,
they pay
OVER NINE PR CENT. INTEREST.
The daily subscriptions are already large and
they Will continue to lie received bV the
Coliineutal National Bank. No. Nassau ST,
CLARK, Dodge 4 Co., Bankers 81 Wall ST.. John
}. Cisco ( Son, Bankers, No. 81 Wal ST., aud by
banks and Rlnkers generally throughout the
United States, OF whom maps and descriptive
pamphlets may he obtained. They will also I've
sent by mail from the ComPsnv's Office, No. 20
Nassau Street, New York, ON application. Sub
scribers will select their own agents in whom
they have confidence. who alone will he responsible
to them for the safe delivery of the bonds.
JOHN }. CISCO, Treasurer,
llJm New iorA