The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-08-30

The rapid progress the Union Pacific Railroad,
new building west from Omaha, Nebraska, and form
ing, with its western connections, unbroken line
across the continent ATTRACTS attention to the value
ofthe First Mortgage Bonds which the Company now
offer TO the public. he first question asked by pru
dent investors is, Are these bonds sccure?" Next,
"Are they a profitable investment?' To reply in
brief: -sr t.....ssr~ Aatsas q
1t. The early completion of the whole great line to
the Pacific is certain any future business event
can be. The Government grautof over twenty mill
ion of land and fifty million dollars in its
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 day. q
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
lines ofrailroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific; and being without competition, it main
tain remunerative rates. -4t $50 h.+
Sd. 425 miles of this road are finished, and fully
equipped with depots, locomotives, land two
trains are daily running each way. The materials
for the remaining 92 miles to the eastern base of the
Rocky Mountains are on hand, and it is under con-
tract to be done in September
4ih. The net earnings ofthe sections already finish
ed are several times greater than the gold interest
upJn the First Mortgage Bonds upon such sections,
and if not another mile of the road were built the
part already completed would not only pay interest
an expenses, but be profitable to the Company.
9TH. The Union Pacific Railroad bonds can be issued
only as the road progresses and therefore never
be in the market unless they represent bona fde
property. AE@= eos DrtA - "
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 a second lien rs its
from Omaha is only $4,000 per mile.
7th. The fact that the u S. Government consid-
ers second lie1 upon the road good inv sstment
and that of the shrewdest railroad builers of
the country have already paid in five million dol
lars upon the stock (which is to them third lienl
may well inspire confidence in first lien. Hs7
Sth. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property as the very best security in the world,
and who sell their Governments to re-invest in these
bonds--lhus securing greater interest -.
9th. AS the Union Pacific Railroad bonds offer
ed for the present at 90 cents the dollar and ac-
orued interest," they the cheapest security in the
Market being more than Is per cent. less than U. s.
Stocks. -
10th. At the current rate of premium gold,
they pay @ A3"f- t' t'a' s4'''A
OUer Nine Per Cent. Interest.
The daily subscriptions already large, and
they will continue to be received in New York by
the -.litsNL
CONTINENTAL NATIONAL BANK, No7 Nassau ST.,
CLARK, DODGE g. Co., Bankers, No 5l'Wall ST., +
JOHN j. CISCO g. SON, Bankers. No 80 Wall ST.,
andby 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 ST.,
New York, application. Subscribers will select
their own agents in whom they have confidence, who
alone will be responsible to them for the safe de-
livery OF the bonds. -q- .1.-tl4fr
v JOHN j. CISCO, Treasurer,
NEW YORK.
VIII. WOOD u SON, are agents tor the sale Of
| the above bonds in this city, June3d&w3m