The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-10-08
THEIR FIRST Mortgage BONDS
Il an Investment.


The rapid progress OF the Union Pacific Railroad.
now building west from Omaha, Nebraska. am,
loimiilS with its western cOurc ions an unbroken
Inc across the continent, attracts attention to the
value OF the Fist NJ rtgage Uouds hich the Com
pany now offer to the public. TIE first question
asked by pruient Investors is, "Arc thee bonds
s"curcE Next. Are they profitable invest
mentY To reply in brief:
lst. Tue early completion of the whole great
line to the Pncillc is certa any future busi.
ness event can be. The Government grant Of o, err
twenty million acres of land and iilty million dol
lars in its own bonds practically gua autees it,
One fourth OF the work is already uone, aud the
track continues to he laid at the rate oil two miles
da,.
I'd The Union Pacific Railroad bonds are issued
| upon what promises to be one Of most profit
able lines of railroad in the country. For man,
years 1t must be the only line connecting the
| Atlantic and Pacific; and being ithout compe-
| uton, it can maintain Iemttnerative rates
81 425 miles Of tins road are finished. and full,
equipped with depUts. locomotives, RS, &C., and
two trains are daily running each way. The ma
terials for the remaining ~ miles to the eastern,
| base of the Rocky Mountains are ON hand and il
| is under contract to be done in September.
4th. The net earnings Of the sections already
| hhsbed are several time greater than the gold -
terest upon the First Mortgage Bonds upon such
sections and il another mile OF the road were built
| The part already completed would not only pav
inter st and expenses, but be profitable to the
| Company.
5th. The Union Pacific Railroad bonds can he
issued only as the road progresses and therefore
eau never he in the market unless they represent
bona ttIe property
18th. heir amount is strictly limited bv law to
sum equal to what is granted by the l. s. Gov
eminent. and for which it takes second lien as
| ITS security Ibis amount uopn the first 5l7 miles
west from Omaha is only s16.0 900 per mile
| 9TH. Inc fact that the u. 5. Government consid.
ers second lien upon the road good investment.
al. Il that some Of the shrewdeSt railroad builder,
OF til country have already paid in live million
collars upon the stock (Which is to them third
-. y MAY well inspire confidence in a first lien.
ne, Although it is not claimed that there can
ON better ecurities than Governments there
we a"N who consider first mortgage upon
ave Pa'ue' 'rtv as his the ,ery best security in
sueu Pup who rel their Governments TO re.
invest in these ''"u'-' '''"'''s greater
interest. p,. ,,.;,,,,
oasrsd t,p ,Io ,'ra"o'', 1t 30 crmts ON the dollar
,,J accru.d ,La,,'ra H.. cheapes. security in the
market. heinr more than per cont. less than
L. 5. Stocks. -,
10. At the current rate of 'e"iiu'h Oh so"'
OVER NINE PER CENT. mt REST
The daily subscriptions are already J. ''ec' ana h
they will continue TO lie received Wv
Continental National Bank, No. Nassau a.
Clark, Dodge 4 Co.. Bankers, 81 Wall St., 10. =
j. Cisco & Son, Bankers, No. 81 Wall ST.. and b,
Banks and Bankers generally tlr ughout til,
United States, of whom maps aud descrip.iv,
pamphlets may lie obtained. They will also he
sent by mail from the Companv's Office, No. %
Nassau Street, New York, ON application. Sub
scribcrs will select their own agents in whom
they have confidence, who alone will I've responsible
to them for the safe delivery of the bonds.
JOHN J. CISCO, Treasurer,
ll;3m New York