North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1867-07-31
THE
&M4an A@@tR*g
RAIL ROAD co.
ZHEZR FIRST .1fORTGdG GE
BO1IDS
us ar Investment.

The rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebraska and for
ming with its western cnnections, an uubroksn lns
across the continent attracts attention the val
of the First Mortgage Bonds which the Company
no offer TO the public. The first question askei by
prudent investors is "Are these bonds secure 2'-
Next. "are they profitable investment 2" to reply
in brief;
Ist The early completion of the whole great line
to the Pacific is certain any future business
evenjscan be- The Government graz. of oYer TWEEN =
ty million acres of land and fifty million 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 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 being without competition, it can main
tain remunerative rates,
Sd. 376 miles Of this road are finished, and fully
equipped with depots locomotives, cars, g., and
two trains daily running each way. The mate RI
lis for the emaining 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 sererdt times greater than the gold inter-
est upon the First Mortgage Bon1s 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, 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 be in the market unless they represent bon
fde property.
a sum equal to what is granted by the U. S. Gov
ernment, and for whi n 1t takes second lien its
security This amount upon the first SIT niles west
from Amaha is only SIG, 600 per mile.
7th The fact that the U. S. Government consid-
ers a second lien upon the road good investment,
onIk hot M fha ehr
the country have alreadv paid in FIVE million dol
lars upon the stock (Which is to them third lien,
may we'll 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 as this the very best security in the world
and who sell their Governments to reinyest these
bOnds-thus securing greater interest
9th. AS the Union Pacific Railroad bends are Offer
ed for the present at 80 cents the dollar and
crued interest they the cheapest security in the
market, being over Is per cent. less than U. S.
Stocks.
10th, At the current rate of of premium on gold,
they pay
The daily subscriptions are already large, and
Continental National Bank, No, 2
Nassau St.
Clark, Dodge & Co., Bankers, 81
Wall st,
John J. Cisco & Son, Bankers, No.
33 Wall st.
Henry Clews & Co., Bankers, 80
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 OHice, No. 20 Nassau
-i'ration. Subscribers vii
es sIeet ,beIr eru Agents whom ,ham or sS
aence VIZ alone w, be responsible 70 'ns" ''' '1'
safe delivery Of the bonds; bSdnr CISCO Treasurer,
NEW YORK
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