The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-08-15
THE UNION PACIFIC
RAILROAD CO.,
Their First Mortgage Bonds,
AS an Investment.

The rapid progress ofthe Union Pacific Rail.
road now building west from Omaha, Nebraska,
and forming with its western connections, an
unbroken line across the continent, attracts at.
tention to the value of the First Mortgage Bonds
which the Company now offer 10 the public. The
first question asked by prudent investors is
care these.bonds secm :" Next, care they a
prohtobleinvesimentr To reply in hrcf;
LIST. The early completion OF the whole great
line to the Pacific is as certain as any future
business event cen be. The Government. grant o
Of over twenty million acres OF land and filty
mi llion dollars In its own bonds practically
guarantee II. One fourth ofthe work Is already
done, and the track continues to be lmd at the
rate OF two miles day.
I'd. The Union Pacific Railroad bonds are is
sued upon what promises to be one of tho most
profitable lines OF railroad in the country For
many years 1t must be the only lnc connecting
the Atlantic and Pacific and being without com.
petition, it can maintain remuncrative rates.
Sd. 496 miles OF this road are flushed, and
fully equipped with depots, locomotives, ears
&c, and two trains are daily running each wav
The materials for the remaining o9 miles to the
eastern base Of the Rocky Mountains are on
hand, and it's under contract to be done in
September.
The net earnings Of the sections already hn-
ished are sereral times greater than the gold in.
tcrest upon the First Mortgage Bondsupon such
sections, and ifnot another mile Of tho road
were built, the part already completed would
N int H., N I.,l r
table to the company.
9Th. The Union Pacific Railroad bonds can
be issued only as the road progresses, and
therefore can never he in the market unless they
represent bona fde property.
9Th Their amount is limited by law to a sum
equal to what isgianted by the U. s. Govern.
ment, and forwhich It takes second lie n as its
security. This amount upon the first 5,7 miles
west from Omaha is only Sl6,OCO per mile,
7th. The fact that the U. 8. Government con-
siders second lien upon the road n good in
vestment, and that somo OF the shrewoest rail
road builders Of the country have already paid
in fve,million dollars upon the stock twhichis
to them third lien), may well inspire conf.
dence in q first lien.
sth. Although It is not claimed that there can
be any better securities than Governments,
there are parties who consider first mortgage
upon such property as this the very best Sc.
curity in the world and who sell their Govern.
ments to re-invest In these bonds-thus secur.
ing greater interest.
9TH. As the Union Pacific Railroad bonds are
offered for the present atOo cents orfthe dollar
and accrued interest, they are the cheapest SO.
curiiy in the market being more than Is per
cent. less than u. s. Stocks
10Th. At the currert rate Of premium on gold
they pay :,
Over Nine per Cent. Interest.
The daily subscriptions are already large, and
by the -
coSrISESrAL NArIoSAL BANK, No. 7 Nassau
Street, 80
CLARK, Donor a Co., BANKERS, 81 Wall St.,
JOHN ]. Cisco 4 Son, BANKERS, No. SO Wall ST.
and by BANKS AND BANKERS generally
throughout the United States, OF whom maps
and descriptive pamphlets may be obtained.-
They will also be sc mt by mail from the compa-
ny's office, No. 20 Nassau Street, New York, on
application. Subscribers will select their own
Agents in whom they have confidence, who
alone will be responsible to them for the safe
delivery Of the bonds.
JOHN j. CISCO,
Treasurer,
June 9, lss1wom NEW YORK.