Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-10-16
TEIE
THE
8NtQ@ ANl.SIh56
RAIL ROAD G
BOlDS
rs an /RreSinlenl.

The rapid progress of the Union Pacific Railroad
now buil,ling west from Omaha, Nebraska, ana for
ming, with its western cpnnectiJns An unbroken line
across the continent attracts attention to the value
of the FRS: Mortgage Bonds which the Company
no offer the public. The first question askel by
prudent investors Is, care these bonds ?''
Next "are they profitable investment p to reply
in brief;
LIST. The early completion Of the whole great line
TO the Pacific is as certain any future business
even;'can be. The Government grant of over tweu- =
ty million acres of land and fifty million dollars in
its own bonds practically guarantees it. One fourth
Of the work is already tOne 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 to be Of the most profitable
lines of railroad in thu country For many years it
must be the only line connecting the Atlantic and
Pacific and Icing without competition; il can main
tain remunerative rates.
Sd 425 miles Of this rad are finished, and fully
equipped with depots locomotives. cars, 81, and
two trairs are daily running each way. the mate ri
ais 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 are sererdi times greater than the gold inter-
est upon the First Mortgage Bonds upon such sec
tons and If not another mile of he road built
the part already completed would not only pay in
terest and expenses, but be profitable 10 the Com
pany.
9Th, The Union Pacific Railroad bonds can be is
ued only as the road progresses. and therefore can
never he in the market unless they represent bon
fde property.
9Th. Their amount is is strictly limited by law to
a sum equal to what is granted by the L. S. Gov
erumen and for viii h 1t takes second lien as its
security This amount upon the first 5l7 niles west
from Amaha is only SIC 600 per mile.
7th The fact that the U. s. Government consid-
ers a second lien upon the road good investment,
and that some of the shrewdest railroad builders of
the country have alread~ paid in FIVE million dol
lars upon the stock (which is TO them third lien,
may well Inspire confidence in first lien.
9Th. Although it is not claimed that there can be
any better securities that Governments, there are
parties who consider first mortgage upon such o
property this the very best security in the world
and who sell their Governments to reiuvest in these
bonds-thus securing a greater interest
9Th As the Union Pacific Railroad bends are offer
ed for the resent at 80 cents the dollar and ac
crued interest they the cheapest security in the
market, being over Is per cent less than I. s.
Stocks
10th, At the current rate of of premium on gold,
they pay
OJer' Nine per ent. Interest.
The daily subscri ptions are already large, and
the will continue to 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 Vail 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.
Winds -3n