The Portland daily press., 1867-08-27
THE
u N 10 N PACIFIC
RAILROAD co.
Their First Mortgage Bonds
AS an Investment!

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and FORM
ing, with its western connections an unbroken line
across the continent attracts attention 10 the value
ofthe First Mortgage Bonds which the Company now
offer to the public The first question asked by pru-
dent investors is care these bonds secure?" Next,
"Are they profitable investment" To reply in
brief
1st The early completion Of the whole great line to
the Pacific is as 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 it. One fourth of the
work is already done, and the track continues to be
laid at the rate OF two miles day. .rra....
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
lines ofralroad 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.
Sd. 425 miles of this road are finished and fully
equipped with depots, locomotives cars and two
trains are daily running each way. The materials
tor the remaining 92 miles the eastern base of the
Rocky Mountains are on hand, and 1T is under con-
tract to be done in September lf EgCte
4n Inc net earnings ofthe 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 profitable to the Company.
6th The Union Pacific Railroad bonds can be issued
only as the road progresses and therefore can never
be in the market unless they represent bona fde
property. -aJat
9Th. Their amount is strictly limited by law to
sum equal to what is granted by the u s. Govern
ment, and for which 1t takes second lien rs Its Sc.
curlty This amount upon the first 517 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 a 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 a third lien,
may well inspire confidence in first lien.
Sth Although 1t is not claimed that there can bo
any better securities than Governments, there are
parties who consider first mortgage upon such
aproperty as the very best security in the world
and who sell their Governments to re-inyest in these
bonds-thus securing greater interest,"
sth As the Union Pacific Railroad bonds are Offer
ed or the present at 80 cents the dollar and ac-
crued interest," they the cheapest security in the
market, being more than Is per cent less than U. S.
Stocks. !
10th. Atthe current rate of premium on gold
they pay
Ocer Nine Per Cent. Interest.
The daily subscriptions are already large. and
they will continue to be received in New York by
the
CONTINENTAL NATIONAL BANK. Nor Nassau ST
CLARK, DODGE & Co., Bankers, No 81 Wall St., 4
JOHN j. CISCO g. SON, Bankers, No 80 Wall ST..
andby BANKS and BANKERS generally through
out inc United States, of whom maps and descriptive
pamphlets maybe obtained, They will also be sent
oy mail from the Companys Office, No 20 Nassau st.,
New York, on application. Subscribers will select
tnelr own agents in whom they have confidence who
alone VIII be responsible to them for the safe de-
livery OF the bonds.
JOHN J. CISCO, Treasurer,
NEW YORK.
W. H. WOOD q SON, are agents for the sale OF
the above bonds in this city, iune3dSw3m