The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-09-02

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing with its western connections, an unbrokenlin line
across the continent atrac attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the public. he first question asked by pru
dent investors is, "Are these bonds secure?" Next,
"Are they profitable investments" To reply in,
brief tsEtalG'A fntllIf,
1st. The early completion Of the whole great line to
the Pacific is certain any future business event
can be. The Government grant OF over twenty mill
ion acres of land and fifty million dollars in its own
bonds practically guarantees 1t. One fourth of the
work is already done, and the track continues to be
laid at the rate OF two miles day. .e-fi
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
lines ofrailroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific; and being without competition, it can main
tain remunerative rates. = l,.il
3D.. 425 miles of this road finished, and fully
equipped with cepots, locomotives. cars, .and two
trains are daily running each way. The materials
tor the remaining 90 miles to the eastern base OF the
Rocky Mountains on hand, and it is under con-
tract to be done in September. . ..st
4h. The net earnings of the sections already finish
ed are several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and If not another mile Of the road were built, the
part already completed would not only pay interest
an expenses, but be prof able to the Company
9th. The Union Pacific Railroad bonds can be issued
only sthe road progresses, and therefore can never
be in the market unless they represent bona Jade
property. d4 "aiit
9th. Their amount is strictly limited by law to a
sum equal to what is granted by the U. s. Govern
ment and for which it takes second lien rs its Sc
curity. This amount upon the first bl7 miles west
from Omaha is only $4,000 per mile.
7th. The fact that the U. S. Government consid-
ers second lien upon the road q good investment
and that some of the shrewdest railroad builders Of
the country have already paid in five million dol
lars upon the stock (which is to them third lienl
may well inspire confidence in first lien.
9Th. 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 the very best security in the world,
and who sell their Governments to reinvest in these
bonds--thus securing greater interest.
9th As the Union Pacific Railroad bonds are offer
ed ior the present at 80 cents the dollar and ac
crued interest," they the cheapest security in the
Market being than 10 per cent. less than u. S.
Stocks. e 1s-ni & p
10Th. Attic current rate of premium on gold,
they pay = yiis9- tas ifa
OUer Nine Per Cent. Interest.
The daily subscriptions are already large, and
they will continue to be received in New York by
the -gr r- tt-a& F,r...r}
CoSTINESTAL NATIONAL BANK, MOI Nassau St..
CLARK, DoDeE & Co., Bankers, No 81 Wall ST.,
JOHN j. CISCO & SON, Bankers, No 80 Wall ST.,
andby BANKS and BANKERS generally through
out the United States, whom maps and descriptive
pamphlets may be obtained They will also be sent
by mail from the CompaDy's Office, No 20 Nassau ST.
New York, on application. Subscribers will select
their own agents in whom they have confluence who
alone will be responsible TO them for the safe de-
livery OF the bonds. y q z z.sll4.last'.
III JOHN j. CISCO, Treasurer, a q
4-H @'- =-iG 'ei NEW YORK,
w. H. WOOD q SON, are agents for the sale OF
the above bonds in this city, june3d&wsm