Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-19
. THE
UNION PACIFIC
: RAILROAD co.
THEIR FIRST MORTGAGE BONDS
AS an Investment.

-t.
The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and
forming, with its western connec ions an unbroken
line across the continen attracts attention to tie
value of the First Mortgage Bonds which the Com
pany now offer to the public. The first question
asked by prudent investors is. Are these bonds
secursT Next, Are they profitable invest
ment ?" 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 tive n
ty million acres of land and fifty million dollars in
its own bonds practically 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 to be one of the most profta-
BILE lines of railroad in the country. For many
years 1t must be the only line connecting the At
lantic and Pacific; and being without competition
it can maintain remur erative rates. tlr ,..t
Sd. 425 miles of this road are finished. and fuIy
equipped with depots. locomotives, cars, &c.. and
two trains are dali running each way. The mate
rialsfor the naming SO mile to the eastern base
of the Rocky Mountains sre on and, and it is un-
der contract to be done in September
4th. The net earnir gs Of the sections already fn-
ished are seoerdl times0redt thsn the gold inter
est upon the First Mortgage Bonds upon such sec
tions. and iftn not another mile tf tie road were
pay interest and expenses but be profitable to the
Company.
5th The Union Pacf, Railroad bonds can be is
sued only the road progresses. and therefore
never be in the market unless they represent bona
fde property. :
9th. Their amount is strictly limited by law to q
sum equal to what is granted by the U. s. Govern
ment, and for which it takes second lien its
curity. This amount upon the first 517 miles west
from (lu1a aha IA nnlv Sl6 0O0 narJnila -r
7th. The fact that the u = s. Government consid-
ers q second lien upon the road good investment
and that of the shreydest railroad builders of
the country have already psid in five million dol
lars upon the stock (Which is o them third lien)
NAV well inspire confidence in first lien.
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 q
property this the best security in the world
and who sell their Governments to re-invest in
these bonds-thus securing crater 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 than Is per cent. less than
U. S. Stocks. '''I--' -i.'L--. 'ii
10th. At the current rate of premium on gold.
they pay
Over Nine per Cent. Interest.
Inc daiiy. subscriptions are already large, and
they will continue to be received in New York by
the ...'. .. .,i-- q. ..r5. .-,...f ..' --rs....
Continental National Bank, No NASSAU St.,
Clark. Dodge & Co., Bankers, 81 Wall St.. II
John ]. Cisco & Son, Rankers, No. 33 WaIls ST.,
.s l.-=..t-r- AND BY -f
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 be
sent by mail from the Company's Office, No 90 Mas
sau street. New York. on application. Subscribers
will select there own Agents in whom they have con-
fidence who alone will be responsible to them fol
the safe delivery of the bonds. 10 .-.iii
JOHN = CISCO, Treasurer,
r.. :..---.- NEW oRK.
mayso- -dsw3m- ausle-ins