Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1867-08-15
finaufial.

l'E11
Union Pacific
RAILROAD CO.
FIRST MORTGAGE BONDS
AS An Investment.
THE rapid progress OF the Union Pacific Rail-
road, now building West from Omaha Nebras-
ka, and forming, with It's Western connections,
an unbroken line across the continent. attracts
attention TO the value OF the First Mortgage
Bonds which the Company now offer TO the pub
lie. The first question asked by prudent inves-
tors is, "Are these bonds secure7" Next, "Are
they profitable Investment 2" To reply In brief:
LIST. The early completion Of the whole great
line to the Pacific is certain as any future
business event can be. The Government grant
Of over twenty million 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 aday.
I'd. The Union Pacific Railroad bonds are is
sued upon what promises to be one OF the most
profitable lines Of railroad in the country. For
many years 1t must be the only line connecting
the Atlantic and Pacific and being without
competition, 1t can maintain reinunerative rates
Sd. 425 miles OF this road are finished, and
fully equipped with dcpots, locomotives, cars,
&C., and two trains are daily running each way.
The materials for the remaining 81 mil es TO the
Eastern base of the Rocky Mountains are on
hand and II is under contract to be done in Sep
tember.
4th. The net earnings Of the sections already
finished are several times greater than the gold
| frfa .Ia
such sections, and If not another mile of the
road were 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
issued only as the road progresses, and therefore
can never be in the market unless they repre-
sent a bona Jfde property.
9th. Their amount is strictly limited by law
to sum equal to what is granted by the U. s.
Government, and for which 1t takes second lien
as its security. This amount upon the first 5l7
miles West from Omaha is only $4,000 per mile
7th. The fact that the U. S. Government con.
siders a second lien upon the road a good invest.
ment, and that some of the shrewdest railroad
builders of the country have already paid in five
| million dollars upon the stock (which is 10 them
a third uenl may well inspire confidence in
first lien.
Sth. Although it is not claimed that there car
be any better securities than Governments
there are parties who consider a first mortgage
upon such property as this the very best secur
ity in the world, and who sell their Govern
ments to re-invest in these bonds-thus secur
ing a greater interest.
9th. AS the Union Pacific Railroad bonds ar
offered for the present at 90 cents ON the dolla
and accrued interest, they are the cheapes
security in the market, being more than Is pc
cent. less than U. s. Stocks.
10th. At the cure mt rate of premium on gold
they pay
over Nine per Cent. Interest.
The daily subscriptions are already large, an
they will continue to be received in New Yor
by the
Continental National B0nk No. 7 Nassau 81.
CLARK, Dodge t Co., Bunkers 81 Wuu 81
John j. Cisco f Son, Bankers, No. 33 Wal 81,
and by BANKS AND BANKERS general
throughout the United States, of whom map
and descriptive pamphlets may be Obtained
, They will also be sent by mail from the Com
pany's office No. 70 Nassau Street, New Yorl
on application. Subscribers will select thel
own Agents in whom they have confidence, VIII
alone will be responsible to them for the sal
delivery of the bonds.
JOHN j. CISCO, Treasurer,
je6-3m New York.