Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-10-11
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UNION PACIFIC
st1s If ss4ifgl sdJ - rd9 ylb93duobrH 8N :
g. RAILROAD co. ,a,
THEIR FIRST MORTGAGE BONDS,
AS an Investn IN, 1ll,,

The rapid progress of the Union Pacific hailroad,
now building west from Omaha, Nebraska, and
forming, withits western connec ions an unbrok en-
line across the continent attracts attention to the
value OF the First Mortgage Bonds which the Cou-
pany now offer to the public. The first question
asked by prudent investors is, Are these bonds
securef". Next. 'tAre they profitable invests
ment P' To reply in brief: :n9fiHJ s.if has
LIST. 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 TWEEN
ty million of land and fifty million dollars in
its own bonds practically guarantees it. One fourth
of the work is already dcne and the track contin
ues to be laid at the rate of two miles day.s =.
2d. The Union Pacific Railroad bonds are issued
upon what promises to beoRe of the most profta-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lantic and Pacific; and being without compositions
it can maintain remur erative rates. s~rs7f y
Sd. z25 miles of this road are finished, and fully
equipped with depots, locomotives, cars &c. and
two trains are daily running each way. The mate
rials for eremaining 90 miles to the eastern base
of the Rocky Mountains are on and. and it is un-
der contractto be done in September. .5Saif- =
4th. The netearniugs Of the sections already in
ished are several times greater thsn the gold inter
est upon the First Mortgage. Bonds upon such sec
tions. and if not smother mile cf tte road were
built. the part already. completed woaid not only
pay interest and expenses, but be profitable to the
Company. ...... 800. .....-- - iIslyH-1
5th The Union Pacif, Railroad bonds can be IS
sued only the road progresses and therefore can
never be in the market unless they represent bona
fde property. ------.---..-.i' 'r l-.
9Th. Their amount is strictly limited by law to a
sum equal to what is granite ed by the q. s. Govern
ment. and for which II takes second hen as its Sc
curity This amount upon the frat 5l7 miles west
from Omaha is only $Ie. 900 per mile. sa.f y T..
7th. The fact that the u 8. Government consid-
ers second!ien upon the road 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 hen)
NAV well inspire confidence in a first lien. /, l.
eth. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first nor gage upon such q
property this the very best security in the world
and who sell their Governments to re-invest in
these bonds-thus securing gr ater interest
9th. As the. Union Pacific Railroad bonds are of.
fered for the present at 80 cents on the dollar and
accrued interest, they the cheapest security in
the market, being more than Is per cent. less thar
o. s. Stocks.
10th. At the current rate of premium on gold
they pay .-...-..-..--... -..-.----.. 20 E. ? Z
Over Nine per Cent. Interest.
Inc daily subscriptions are already large. and
they will continue to be received in New York BY
the r-.- .....-...... .--.s.-.i4 d :
Continental National Bank, No 2 Nassau 81,
Clark, Dodge 6 Co., Bankers, 81 Wall St..
JOhnJ. Cisco 8 Son. Fanksrs, No. SO Wall ST.,
CO .-..---.-, AND BY --.--'- .-2-i'ii-
RICKLY & BRO, Columbus, Ohio,
And byBANKS and BANKERS generally through.
out the United States. of whom Maps and Descrip,
tive Pamphlets may be obtained. They will also bs
sent by mail from the Company's Office No. 90 Mas
sau street, New York, on application Sub scribera
will select there own in whom they have
the safe delivery of the bends.
JOHN } CISCO, Treasurer,
-! ,..-.-.,.: - New loRK.