Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-15
EkItsa'r TTIIE g HHT
Union PACIFIC
RAILROAD Co.
THEIR FIRST MORTGAGE BONDS
As an Investment.

Inc rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska. and
FORMING, with its western connec IONS an unbroken
ns across tue continen ,attraets attention to the
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
secure r. Next, Are they a profitable invest
ment ~ To reply in brief: - t-i--7s-
lst. 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
" million acres OF land and fifty million dollars in
It's 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.
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be ore of the most protta-
bic lines Of railroad in the country. For mauiy
years 1t must be the only line connecting the At
lantic and Pacific; and being withc ut competition
| it can maintain remur erative rates.
Sd. 4s5 miles of this road are finished. and fblIv
equipped with depots, locomotives ears, DO, and
two trains are daily running each way. The mate
rals for the remaining 90 miles 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 earnings Of the sections already I'm.
ished are several times greater than the gold inter-
est upon the First Mortgage Bonds upon such Sec
tions, and if not another mile of tie road were
pay interest and expenses, but be profitable to the
Company.
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 bono
fdS property. ..--. ..,'-.-.-- 60
9th. Their amount is strictly Ii uited by law to
sum equal to what is granted by the q. s. Govern
ment andfor which it takes sseoad lien as its Sc
eurity- This amount upon the frat 517 miles west
from 0mahai is only Gle, 600 per mile. &
7th. Thefact that the U. 8. Governments ccnsid-
ers second lien upon the road good Investment,
and that some of the shrewdest railroad builders Of
the country have already paid in i've million dol
lars upon the stock (Which is them third lien)
NAV well inspire confidence in . first lien
9Th. Although it is not claimed that there can be
any better securities than Governments. there .re
parties who consider FIRST NOR gage upon such q
property as this the very best security in the world
and VINO sell their Government to re-invest in
these bonds-thus securing agr ater interest.
9th. As the Union Pacific Railroad bonds are Of
for the present at 90 cents on the dollar and
accrued interest they the cheapest security in
the market, being more than Is per cent. less than
q. 8. Stocks.
10th. At the current rate of premium on gold.
| they pay - -.
Over Nine per Cent. Interest.
The daily subscriptions are already large. and
they will continue to be received in New York by
the -.5.,-t.F -..
Continental National Bank, No Nassau st.,
Clark, Dodge Co., Bankers, 81 Wall St..
John ]. Cisco 6 Son, Ranksrs, No. SO Wall sr.,
t-t - AND BIZ
RICKLY- & BRO, Columbus, Ohio,
And by BANKS 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 Agents in whom they have con-
fdence, who alone will be responsible to them fog
the safe delivery of the bonds.
JOHN CISCO, Treasurer,
- i1L 10 NEW YORK