Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-08-14
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RAIL ROAD co.
BO.1DS
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The rapid progress of the Union Pacific Railroad
now building west fTom Omaha Nebraska, and for.
ming, with its western connections, unbroksn line
across the continent attracts attention to the value
of the First Mortgage Bonds which the Company
offer 10 the public. The first question asked by
prudent investors is, "Are these bonds secure ?"-
Next ''are they profitable investment 2'' to reply
| in brief;
LIST. The early completion of the whole great line
to the Pacific is as certain as any future business
eyenIecan be. The Government grant of over TWEEN
ty million of land and fifty million dollars in
its bonds practically guarantees it. One fourth
of the work i; already ione and the track continues
10 be laid at the rate Of two miles a day.
I'd. The Union Pacific Railroad bonds are issued
upon what promises to he one 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 being without competition it main
tain remunerative rates.
Sd. 425 miles of this road are finished, and fully
equipped with depots locomotives cars, g., and
two trains daily running each way. TIE mate RI
ais for the emaning l3l miles to the eastern base
Of the Rocky Mountaps on hand, and it is under
contract to be done in september.
4th The net earnings of the sections already fin
ished sererdl times greater than the gold inter-
est upon the First Mortgage Bonis 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 to 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.
9th. Their amount Is is strictly limited by law to
a sum equal to what is granted by the U. S. Gov
eminent, and for which 1t takes second lien its
security This amount upon the first SIT miles 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 ALREADY paid in FIVE million dol
lars upon the stock (Which is to them third lieu)
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 a
property as this the very best security in the world
aud who sell their Governments to re-nvest in 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 ac-
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
Ore,' 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 their 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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