Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-11-19
ONE OF THE BEST INVEST
~ MENIs,
THE FIRST MORTGAGE BONDS OF Tur
UNION PACIFIC RAILROAD co.
900 MILES COMPLETED

limited amount Of the FIRST MORTGAGE Hona,
OF the Union Pacific Railroad Company are Of.
isFed to the public, as one of the safes, and mos,
profitable Investments
!, They are hrst mortgage upon the longest
and most important railroad in the county.
?. ny law they can be issued 10 the COMPANY
only as the road Is eompletei 50 that they always
represent real value.
3. Their amount is limited by act Of Congress
To Fifty Million Dollars on the entire Pacific line,
or an average ofless than sSO, 900 Per mile.
4 Hon. T. ID. Morgan, Of the United States
senate, and Hon. Cakes Ames Of the United
states House Of Representatives, are the trustees
Tor the bondholder, 10 see that all their nterests
are protected.
the President of the United States, are RESPONSE
Ole 10 the country iet the management Of its al
fairs,
6, Three United States Commissioners mus,
certify that the road is wen built and equipped,
and IN all respects trst-elass railway, before
any bonds can be issued upon It.
I, The United States Government lends the
Company rs own bonds 70 the same amount that
the company issues, for which IL takes a second
mortgage as security.
5, As additional aid, 1t makes an absolute do
nation Of l2,Soo acres Of land 10 the mile, lying
upon each side Of the road.
.. The bonds pay six per cent. in gold, and the
principal is also payable in gold
10. The earnings trom the local or way business
were over Four Million Dollars las, year, which,
after paying operating expenses, was much more
than sufficient TO pay the interest. These earn
ings will be vastly increased on the completion
OF the entire line IN 1852
n. No political action can reduce the rate OF
interest II must remain for thirty years-six
per cent. Ter annum in gold, now equal 20 be-
tween eight and nine per cent. in currency Tho
principal is then payable in gold. II a bond, with
such guarantees, were issued by the Government,
is market price would not be less than from 20
20 % per cent. premium. As these bonds are
issued under Government authority and super
vision, upon what is very largely Government
work, they must ultimately approach Govern
ment prizes No other corporate bonds are made
secure.
u. The issue will sosn he exhausted. The
SALES have sometimes been half "A million a day
AMI nearly twenty millions have already been
spli. About ten millions more may hc offered.
Il Is not improbable that at some time not far
distant, all the remainder OF the bonds the Com
pAny can issue will be taken by some combna-
tion Of capitalists and withdrawn from the mar
srt, except az q large advance. The long time,
The high gold interest, and the perfect security.
must make these bonds very valuable for export.
All the predictions which the officers OF this
Company have made IN relation TO the progress
and business success Of their enterprise, or the
value and advance IN the price of their securities,
have been more than confirmed, and they there
fore suggest that parties who desire 10 invest IN
their bonds will find it 20 their advantage TO DO
at once
The pues for the present Is loa and accrued in
test al the rate Of SIX Ter cent in currency from
July LIST
~ Subscriptions will be received in Rutland
by s. W. Rovell, Cashier of the National Bank
IF Rutland, Henry +. Field. Cashier of the Rut-
land County National Bank, and IN New York
At the Comrany's Office, No. 90 Nassau street
and by John J. Cisco 4 Son Bankers, No. 50
Wall street, AMI by the curhpany's advertised
agents throughout the United States.
BONDS sea, t,o., bat parties subscribing through
local agents Will look 90 them tor their safe Do
livery.
\ new pamphlet an map was issued Oct lst,
cont uagns igior. OF the Progress Of the work 70
that ltte, aud a more complete statement in re-
lat.n - the value 1t the bonds than can ts given
an advertisement, which will he sent free
application ut the eumpany's Offices OF TO any OF
ihr Advertised agents.
JOHN j. CISCO,
Treasurer, New York.
Nov. =, !NGS. augl2l&wSmos