Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-10-14
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Union PACIFIC
RAILROAD CO. d, .1s'5
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THEIR FIRST MORTGAGE BONDS
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9 AS an Investla snt I'll
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As an Investn snt

Therapid progress of the Union Pacific kailroad,
now building west from Omaha, Nebraska. and
forming, with its western ions, an unbroken
line across the continen attracts attention to tne
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
secure !" Next. 'Are they a profitable invest.
ment ?" To reply in brief: - -....5 ,.st .,itit
1st. 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 twen-
ty 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 contin
ues to be laid at the rate of two miles day.
Cd. The Union Pacific Railroad bonds are issued
upon what promises tosbe one of the most profta-
bic lines of railroad in the country. For many
years it must be the only line connecting the At-
lantic and Pacific; and being without competition,
it can maintain remup erative rates.
Sd. 425 miles of this road are finished, and fully
equipped with depots. locomotives, cars. &C., ard
two trains daily running each way. The mate
rails for he remaining 90 miles to the eastern base
of the Rocky Mountains ere on and, and il is un-
der contractto be done in September. s.sttt5
4th. The net earnings of the sections already fin,
ished are sccedl times greater than the gold inter-
est upon the First Mortgage Bonds upon such sec
tions. and if not another mile Cf Il Q road were
built. the part already completed would not only
pay interes: and expenses, but be profitable to the
Company. ava F." ~
5th. The Union Pacih Railroad bonds can be Is
sued only the road progresses and therefore can
never be in the market unless they represent bona
fde property.
9Th. Their amount is strictly limited by law TO a
sum equal to what is granted by the o. s. Govern
ment. and for which it takes second lien as its
curity. This amount upon the first 5l7 miles west
from Omaha is only 900 permile -H1ss
7th. The fact that the U IS. Government consid-
ers secondiien upon the road a good investment,
and that some of the shrewdest railroad builders of
the country have already paid in I've million dol
ars upon the stock (which is o them third lien)
NAV well inspire confidence in a first lien.i71 s17
sth, Although it is not claimed that there can be
any better securities than Governments there are
parties who consider first NOR gage upon such a
property this the very hest security in the world
and who sell their Governments to re-invest in
these bonds-thus securing 8 gr ,ater interest.
9Th. As the Union Pacific Railroad bonds are Of
ered for the present at 80 cents on the dollar and
accrued interest, they the cheapest security in
the markell being more than Is per cent. less than
q. 8. Stocks 5'' f4'''" 80 ~ ~ -
10th. At the current rate of premium on gold
they pay
Over Nine per Gent. ,Inferesf.
The daiiyYsubscriptions are already large. and
they will continue to be received in New York by
the .rtt- .. ., ,r
Continental National Bank, No NASSAU ST.,
Clark. Dodge & Co. Bankers 81 Wall St..
John ]. Cisco & Son, Fanksrs, No. 80 Wall sr.,.
Fl AND BY
RICKEY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States of whom Mans and Descrin
tive Pamphlets may be obtaiued. They will also ha
sent by mail from the Companys flee, No. 20 Mas
ssu street. New York. on application. Sub scribers
will select there own Agents in whom they have con-
6dence. whn alone will be responsible to them for
the safe delivery of the bonds. l-.5l,A any,
JOHN CISCO, Treasurer,
10 7lliR9i 9d7 u s9odA lr'..hN NEW \ oRK.
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