The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1868-11-10
ONE OF THE BEST INVESTMENTS
THE
FIRST MORTGAGE
BONDS
of the
UNION PACIFIC RAILROAD COMPANY
$50 MILES COMPI ETEDi
$50 MILES COMPLETED!


limited amount Of the. First Mortgage Bonds
Of the Union Pacific Railroad COMPANY are ntlrr-
ed TO the public, rs one of the safest and most
profitable investments
l. lheV are first mortgage upon tn. longest
aud most important railroad in the country.
:. By law they can be issued to the Companv
only as the road is completed. so hat thevalyays
represent Il real value.
>. lhelr amount is limited by act of COM e,s
to tilty Million Dollars on the entire Pacific line.
or an average Of less than $50, GOO per mile.
!. Hon. L. ID. Morgan, OF the Emitted State,
senate, and Hon. Cakes Ames, OF the United
states House OF Representatives aio the trustee.
Tor The ondh.ders, to that all their Interests
are protected.
. Five Goyernm. nj Directors. appoinled Lv
The President OF the United States. are respou-
sihle To the country for the management Of it.
affairs.
q. Three United States Commissioners must
certify that the road is well bu 1t and oquiptci
ana in all respe Is tirst-class railway. 6cior,
any bonds can he issued upon it,
- The United States Government lends tli
company its own bonds 10 the same amour,
that the company Issues for which it takes "a ,,-
cond mortgage rs security.
y. As additional aid it makes an al >olutc Il
nation oi II 800 acres Of land to The mile lyiug
upon each side OF the road.
.. The Bonds pay six per cent. in roId and tho
principal is also payable in gold
10. The earnings ftom the local or way bus
ness were over Four Million Dollars last wear.
"hcll' alter paving operating expenses, w,s
much more than sufficient to pay the Interest
These earnings will he vastly increased on the
completion Of tho entire line in 1868.
II. no political action can "educe the rate {
interest 1t must remain for thirty years,-iX
per ce"t per annum in gold, now equal to be-
tween eight and nine per cent in currency. The
principal Is then payable in gold. If a borl
with such guarantees, were issued bv the Govern
ment' Ms market price would not be less thai.
| from :? to % per cent. premium. As tlw.o
| bonds are issued under Government author AZ
and supervision upon what is very largely q
( Government work, they must ultimately apprG.,. D
Government prices. no other corporate tom
are made So secure
l.. The ISSUE will soon be exhausted III.
sales have sometimes been ali million da,,
/ anG nearly twenty millions have already been
sol i About ten millions more may be Offered.
| It !, not improbable that AT some time not tar
distant all the remainder Of the Bonds the Conn
| pany can Issue will he taken hv some comhinl-
! ton OF capt. lists and withdrawn from the mar
! set except at large advance. The long time
! the high gold interest, and the perfect security
must make these bonds very valuable for NUurl
All the predictions which the officers Of Til.
Company have made in relation to the pr'.,rc. ,
! aDd hnsiLcSs success al their enterpr;-r 90 Tie
IsiGe and advance in the price Of lcii -,-priti,,
nave been more than confirmed, and the, thrrr.
fore suggest that pal ties who desire to iu,s.i in
their bonds will find it to their advanta., ia do
so at once.
The price Tor the present is lo2 and accrued ia
tefest at the rate of six per cent. in currency
| from July Isl, and sub cripiior, viii be received