Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1868-11-20
Onion patift 8ajlroad.
ONE OF THE
BEST E.N'E'E&T.HE.H'TS,
TIE
First Mortgage Bonds,
OF TIE
UNION PACIFIC
Railroad Company q.
Onion parifr 8ailroad.
UNION PACSFEC
800 Miles Completed

A LIMITED amount OF the First Mortgage Bonts
II OF the Union Pacific Rai.road Company are o.
fered to the public, as one % the safest ard uo-t
profitable Investments
1. They are a first mortgage upon the longest aud
most important railroad in u be- country.
?. By law they can be- issued 20 the Company
y the road is completed, that they always rep
resent real value
3. Their amount Is limited hy ast " Congress u
Fifty Million Dollars on the entire Pacific Line, or Az
average ofless than s3t,Gg per mile.
4. Hon f D Morgan of the United States Senate.
and Hon. Cakes Ames Of the United States House Of
Representatives are the trustees for the bondhqlde
| to see that all their interests are protected.
/ 5. Five Government Directors, appointed by she
President ofthe United States are responshleto the
country for the management offs Affairs.
G. Three United States Commissioners must e0rJy
that the road is well built and equipped and in al
respects frst-elass railway. before any bonds car
be issued upon it.
= The United States Government lends the Tom
pany its own bonds to the same amount that the
Company issues for which it takes \ second mort
gage as security
g As additional ad it makes absolute donation
ofI2Soo acres Of land to the i!e, lying upon each
side Of the road.
9. The bonds pay six per cent in gold tnI TIC
principal is also payable in gold.
TO- The earnings from the ioell or way business
were over Four MILLION DoLi.Es last year which,
after paying operating expense was much more
than sufficient to pay the interest. The earnings VIII
be vastly increased on the compiled Of the entire
line in 1863.
II. No political acton can reduce tic rate OF IN
terest 1t must remain for thirty year--six per cent
per annum in gold, now equal to eight or nine per
cent in currency. The Principal Is then Payabls ~
gold ia bond with such guarantees were issued oy
the Government it. market price would not be iess
than from twenty TO twenty-five per cent premium
As these bonds are issued under Government author
ity and supervision, upon what is very largely a
Government work, they must ultimately approach
Government prices. No other corporate bonds are
made so secure.
: 70. The issue will soon De exhausted. The sales
have sometimes been half million aday and near
" twenty million have already been sold. About
ten millions more may be offered. It IS not impros
able that at some time not far distant. all the re
mander Of the bonds the Company can issue viii be
taken BY some combination Of capitalists and Win
! drawn from the market except at large advance
The long time, the high gold interest. and the per
feet security must make these bonds very valuao =
/ for export.
:, All the predictions which the officers Of this Com
pany have made in relation to the progress and bus
ness success Of their enterprise, or the value anu "
is vance in the price Of their securities have been NOR
than confirmed, and they therefore suggest TIA
parties who desire to invest in their bonds viii In
II 70 their advantage 20 do so at once.
The price for the present Is Io2 and accrued inter
est at the rate Of six per cent in currency from Jun
d st and subscriptions will be received in Burning
ton by
e. w. WOOD HOUSE;
81 And in New York, at the
Company's Office, No. 20 Nassau II.
JOHN J. CISCO & son, Benksrs,
No. so WALL STREET,
And by the Company ADVERTISED agents ihr0usho'
the United States.
Bond. sent rec bnt pytiss subseTfbfH9 fASoHS
local agents ,riu tae for their safe sereTy.
Anew PAMPHLET and MAP was issued Oct LIST, col
in tanning report Of the progress Of the work TO tbs
X date, and more complete statement in relation
the v.lue Of the bonds than can be given in adve
ti.sment, which will be sent free on application
the Company's Offices, or to any Of the advertise
n agents.
er JOHN J. CISCO, Treasurer
\, Nov. LIST. 1865 NEW YORK