The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-10-31
UNION PACIFIC
RAIL ROAD co.
FIRST MORTGAGE BONDS
AS an Investment.

TIE rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing, with it's western connections, unbroken line
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 pru-
dent investors is, Are these bonds secure?" Next,
"Are they a profitable investment" To reply in
brief: -
LIST. 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
million acres of land and fifty million dollars in its
tse woh is preadv 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 one of the most profitable
lines Of railroad in the country For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition, it can main
Sd. 425 miles of this road are finished, and fully
equipped with depots, locomotives, cars, &C., and twn
trains are daily running each way. The materials a,
Rocky Mountains on hand, and it is under con-
tract to be done in September.
4th. The net earnings OF the sections already hn-
shed are several greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and if not another mile of the road built, the
part already completed would not only pay interest
and expenses, but be profitable to the Company.
5th The Union Pacific Railroad bonds can be issu-
ed only as the road progresses, and therefore can
fde property.
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 its
rity. This amount upon the first 81 miles west from
Omaha is only $4,000 per mile. Trs--, =.
7th The fact that the U. s. Government considers
. second lien upon the road good investment, and
that of the shrewdest railroad builders of the
country have already paid in five million dollars upon
the stock (which is to them third lien J, may well
inspire confidence in first lien. o. "a Een7 81
9Th. Although it. is not claimed that there can be
any better securities than Governments, there
parties who consider a first mortgage upon such
property this the 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 offer
ed for the present at 80 cents the dollar and
crued interest they the cheapest security in the
market being more than Is per cent less than U. s.
Stocks. z - =tz4t35 ~ $50
{ 10th. At the current rate Of premium on gold,
they pay w1sqs Taf laaa &
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large, and they
will continue to be received 10 New York by the
CONTINENTAL NATIONAL BANK, No. Nassau ST.,
CLARK, DODGE Co., BANKERS. No. 81 Wall st.
FIRST NATIONAL BANK, RICHMOND,
RICHMOND NATIONAL BANK,
and 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. 20 Nassau
Street, New York, on application. Subscribers viii
select their Agents in whom they have confidence
who alone will b responsible to them for the safety
JOHN J. CISCO, Treasurer,
I2m:15l NEW YORK.