Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-09-18
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RAIL ROAD co.
ZHE,ZR FIRST .1kOR TGaGE
BO11DS
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The rapid progress Of the Union Pacific Railroad
now building west from Omaha, Nebraska, and for
ming with its western connections, an unbroken line
across the continent attracts attention to the value
of the First Mortgage Bonds which the Company
no offer 10 the public The first question askel by
prudent investors Is 'Are these bonds secure ?''-
Next. 'are they profitable investment ~ to reply
in brief;
LIST. The early completion of the whole great line
TO the Pacific is certain as any future business
eventacan 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 conipues
10 be laid at the rate of two miles day.
ID The Union Pacific Railroad bonds are issued
upou what promises to he on of the most profitable
lines of railroad in ths country For many years it
must be the only line connecting the Atlantic and
Pacific and Icing without competition 1t Can main
tain remunerative rates,
Sd 425 miles of this road are finished, and fully
equipped with decots locomotives cars, a., and
two trains daily running each way The mate RI
ais Tor the emaning l3l miles to the eastern base
of the Rocky Mountains are On hand and it is under
contract to be done.in september
4th The net earnings Of the sections already fin
ished 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 to the Com
pany.
5th. The Union Pacific Railroad bonds can be is
ued only as the road progresses. aud therefore car
never be in the market unless they represent bono
.fde property.
9Th. Their amount Is is strictly limited by law To
a sum equal TO what is granted by the U. 5. Gov
enment and for viii 1t takes n second lien as it:
security. This amount upon the first IL mics west
from Anlaha is only sic, COO per mile.
7th The fact that thc [. s. Government consid-
! a,s a sac,uI lion uDOn road n vDnl iuVeStment
and that some Of the shrewdes railroad builders o
the country have alreal- paid in FIVE million dol
lars upon the stock (Which is to them third lien)
may wei! Inspire confidence in first lien.
Sth ALTHOUGH it is not claimed that there can be
anv better securities that Governments there are
parties who consider first mortgage upon such a
property as this the very best security In the world
and who sell their Governments to reinvest in these
bonds-ihus securing greater interest.
9Th As the Union Pacific Railroad bends offer
ed for the present at 80 cents the dollar ard
crued interest they the cheapest security in the
market, being over 10 per cent. less than L. S.
Stocks
10th, At the current rate of of premium on gold,
they pay
Ovea. Nine per cent. 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 Wall 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 THEM own 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.
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