Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-10-02
rI'TIE

The rapid progress Of the Union Pacific Railroad
now building west from Omaha, Nebraska, and for
ming with its western connections, m unbroken lns
across the continent attracts attention to the value
of the First Mortgage Bonds which the Company
no offer 10 the public. The first question asked by
prudent investors is care these bonds secure P'-
Next. 'are they profitable investment ~ to reply
in brief;
lst The early completion of the whole great line
to the Pacific is as certain rs any future business
evenr.can be. The Government grant Of over 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 be of the most proitabI,
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 main
tain remuneratiye rates,
Sd 425 miles of this road are finished snd fully
equipped with tePots locomotives. cars, d., and
Two trains Gaily running each way. The mate RI
afs for the emaining l3l miles to the eastern base
of the Rocky Mountains on hand, and it is under
contract to be done in september.
4th The net earnings of the sections already fn-
ished are SErerdi times greater than the gold inter-
est upon the First Mortgage Boris 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.
! 9th. The Union Pacific Railroad bonds can be s-
ued only the road progresses and therefore can
never be in the market unless they represent bon q
fds property.
9th. Their amount is strictly limited by law to
sum equal to what is granted by the L, S. Gov
erument, and for viii 1t takes second lien as its
security. This amount upon the first 5l7 riIes west
from Amaha is only Sl6, 900 per mile.
7th The fact that the [. S. Government consii-
ers second lien upon the road good investment,
and that some of the shrewdest railroad builders Of
the country have alread~ paid in five million dol
lars upon the stock (Which is to them third lien,
NAV 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 q
property this the very best security in the world
and who sell their Governments to reinvest IN these
bonds-thus securing greater interest.
9th. As the Union Pacific Railroad bends offer
ed for the resent at go cents the dollar and
crued interest they the cheapest security in the
market, being over Is per cent. less than Z. S.
Stocks
10th, At the current rate of of premium on geld,
they pay
Oi'er Nine per- emf. Interest.
The daily subscri ptons are already large. and
the will continue to be received in New York by the
Continental National Eank, 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.
y6p43-3m.