The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-08-31
6 i,la,,fial.
THE
UNION PACIFIC
RAILROAD co.
Their. First Mortgage Bonds
As an Investment.

The rapid progress of the Union Pacific Railroad,
bnldipe west from Omaha Nebraska and forming with
its western connections, unbroken line across the
continent attracts attention TO the value of the First
Mortgage Bonds which the Company now offer to the
public The first question asked by prudent investors
IT, "Are these bonds securef" Next "Are they prof
table Investment" To reply in brief:
LIST. The early completion of the whole great line to
1he Pacific is certain any future business event
be. The Government grant of ever twenty million
of land and fifty million dollars in its own bonds
practically guarantees It, One fourth Of the work is
already DONE and the track continues to be laid at the
rate of two miles day.
I'd. The Union Pacific Railroad bonds issued upon
what promises to be of the most profitable lines OF
railroad in the country For many years must be the
only line connecting the Atlantic and Pacific and being
without competition, it can maintain remuneratye
rates.
Sd. 425 miles of this road are finished, and fully
equipped with depots locomotives cars, &c, and two
trains daily running each way. The materials for
the remaining % miles to tho eastern base of the Rocky
Mountains hand, and it Is under contract be
done in September.
4th The net earnings of the sections already finish
I'D are SorCra times greater than the gold interest upon
The First Mortgage Bonds upon such sections and if
not another mile Of the read built, the part al
ready completed would not only pay interest and ex
psnses, but be profitable to the Company.
5th The Union Pacific Railroad bonds be issued
only the road progresses and therefore be
in tho market unless they represent bone c proper
ty.
9Th Their amount is strictly limited by law to sum
equal to what granted by the U. s. Government, and
tor which it takes SecOnd lien its security This
amount upon the first 5l7 miles west from Omaha is
only $4,000 per mile.
9TH The fact that the U. s. Government considers
second lien upon the road good investment and that
some of tho shrewdest railroad builders of the country
have already paid in five million dollars upon the stock
(Which is to them third lien) may well inspire conf
,once in first lien
sth. Although it is not claimed that there be any
better securities than Governments, there are parties
who consider first mortgage upon such property as
This the very best security in the world and who sell
their Governments to rc-invest in these bonds-thuS
securing greater interest.
9th As the Union Pacific Railroad bonds are offered
for the present ut 90 cents on the dollar accrued
interest," they the cheapest security in the Market
being more than Is per cent less than u S. Stocks.
10th. At the current rate OF premium gold, they
pay
Over Nine per Cent Interest.
The daily subscriptions already large, and they
will continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau St,
CLARK, DoDaE Co.. BANKERS, 81 Wall St.,
JOHN j. CISCO & Son, BANKERS, No. 80 Wall St,
md 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. 90 Nassau
Street. New York, on application. Subscribers will
select their 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,
Aug 10, 1sG7-4witc NEW YORK.