The Portland daily press., 1867-08-08
NEW ADVERTISEMENTS.
e THE
U MON PACIFIC
RAILROAD co.

. The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing with its western connections an unbroksn Limo
across the continent attrac attention to the value
olthe First Mortgage Bonds which the Company now
oher 10 the public. The first question asked by pru-
uent investors is, care these bonds socure?" Next
Are they profitable investment" To reply In
brief
1st The early completion Of the whols great line to
the Pacific is certain as any future business event
can be. The Government grant Of over twenty mill
ion acres OF land and fifty million dollars In It's own
bonds practically guarantees 1t. One fourth Of the
work is already done, and the track continues DO
laid at the rate oil two miles day.
3D. The Union Pacific Railroad bonds are issued
upon what promises to be Of the most profitable
lines of railroad IN the country For many years 1t
must be the only line connecting the Atlantic and
racine and being without competition 1t can main
tam remunerative rates.
Sd. as miles of this road ara an,shad and c,llx
equipped with depots locomotives, cars & and two
trains are daily running each way. The materials
for the remaining % miles to the eastern base of thu
Rocky Mountains are on hand, and 1t il under con-
tract to be done in September
Alb. The net earnings Of the ctions already finish
ed are several times greater than the gold interest
upon the First Mortgage Bonds upon such sections
and if not another mile of the road were built the
pari already completed would not only pay interest
an expenses, but be prof able to the Company.
9TH. The Union Pacific Railroad bonds be Issued
only the road progresses and therefore can never
be in the market unless they represent bona Jds
property. F .E r.rr. I....t...ry
6th Their amount is strictly limited by law TO q
sum equ1 to what is granted by the U. s. Govern
ment, and for which it takes second lien its Sc
curity. This amount upon the first 517 miles west
from Omaha is only $4,000 per mile. g. ra.-
18th. The fact that the U. S. Government consid-
a second lien upon the road a good investment,
and that OF the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (which is to them third lienb
may well inspire confidence in a first lien.
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 the very best security in the world,
and who sell their Governments to re-invest In these
| bonds-thus securing greater interest.
9th. AS the Union Pacific Railroad bonds are offer
ed for the present at 80 cents the dollar and &C.
crued interest they the cheapest security In the
Market being than Is per cent less than U. 8.
| Stocks. ,laI.,..I -.t lo... ......
1o,h. 1.-THE current rate of premium on gold,
they pay ..4.
Deer Nine Per Cent. Interest.
The daily subscriptions are already large, and
they will continue to be received in New York BY
the
CONTINENTAL NATIONAL BANK, MOI Nassau st.,
CLARK, DODGE s. Co., Bankers, No 81 Wall St.,
JOHN j. CISCO & 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, on 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.
JOHN j. CISCO, Treasurer,
u.o " 9lf NEW YORK.
W.. fl. WOOD & SON, are agents tor the sale of
| the above bonds in this city. june3d&w3m