Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-08-07
4- -E--li.- -i--4
S7]Ai9sN AN9.t5h5S +
RAIL ROAD co.
IHEZH FIRST .1LOR ZG.4 GE
DO.1DS
rs an Zn1'eSiDaeRl. '.

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and for
ming, with its western connections, unbroken line
across the continent, attracts attention the value
of the First Mortgage Bonds which the Company
no offer 10 the public. The first question asksi by
prudent investors is, care these bonds secure ?'-
Next. 'arc they profitable investment o. to reply
in brief;
Ist. The early completion of the whole great line
to the Pacific is as certain any future business
eyeni.can be. The Government grant of over tweu
ty million of land and fifty millo, dollars in
its bonds practically guarantees it. One fourth
of the work is already ione and the track continues
10 be laid at the rate of two miles day.
ID The Union Pacific Railroad bonds are issued
upon what promises to be of the most profitable
lines of railroad in tho country. For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition it can main
tain remunerative rates,
3D. 425 miles of this road are finished, and fully
equipped with depots locomotives cars, d., and
two trains daily running each way. the mate RI
ais for the ,emaining l3l miles to the eastern base
of the Rocky Mountains hand, and it is under
contract to be done in September.
4th The net earnings Of the sections already fin
ished are sereral times greater than the gold inter-
est upon the First Mortgage RGn1s upon such sec
tions and If not another mile of he road were built
the part already completed would not only pay in
terest and expenses, bat be profitable to the Com
pany.
5tn. Inc HiOn tdclnc ttlllrOad 00nuS can De Is
ued only as the road progresses. and therefore
be in the market unless they represent bona
fde property.
9th. Their amount is is strictly limited by law to
sum equal to what is granted by the U. S. Gov
ernment, and for viii h 1t takes a second lien its
security. This amount upon the first 5l7 miles west
from Amaha is only Sl6, 900 per mile.
7th The fact that the T. S. Government consid-
ers a second lien upon the road good investment,
and that some of the shrewdes railroad builders of
the country have already paid in FIVE million dol
lars upon the stock (Which is TO them q third licn),
may well Inspire confidence in first lien.
9Th. Although it is not claimed that there can be
any better securities that Governments, there
parties who consider first mortgage upon such
property this the very best security in the world
and who sellthe Governments to reinvest in these
bOnds-thus securing greater interest.
9th As the Union Pacific Railroad bends are Offer
ed for the present at 90 cents the dollar and
crued interest they the cheapest security in the
market, being over Is per cont. less than U. S.
Stocks. Z H
10th, At the current rate of of premium on gold,
they pay
Ore1. Nine per Cent. Interest.
The daily subscriptions are already large. and
the will continue to be received in New York by the
Continental National Bank, No, 7
Nassau st.
Clark, Dodge & Co., Bankers, 81
Wall st, .an
| John j. Cisco & Son, Banrnallowet
33 Wall st. I remains repose Il
and bv RANKS AND n Ltumn may be whlrle'
| out the United States, of WHITE mantie OF "lute
pamphlets may be Obtarom sight yet her spil
! by mail from the Conf ,,olLs IN iba ,;gbt ma
! Street, New York, on 'e ""'N' " FL r.
! select their cwn Ageitly, mournluiy Calls io
safe delivery Of the