The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1867-09-11
Z THE
UNION PACIFIC
Rail Road Company
TTIE
FIRST MORTGAGE D0NDs
as an Inves. nj mt

The rapid progress Of HE Union Paoino,
Railroad, now building west from Omaha.
.Kebrpsks, and forming, with its western CON-
no aiSna an unbroken line across the oond.
neni, attracts attention 70 the value or he
First Mortgage Donds which the Company
now offer to the pablo. Tie first question
asked BY prudent investors Is ~Are shsss
bonds seourep Next, .Ars thsys prOhta-s
inyesemenli" To reply in brief
LIST. The early completing Of The whole
great line to the Pscifc Is as certain % any
future business syentcan be. The Govern
meni grant OF over twenty million acres Of
land and lny n iilion dollars !, its ovn bouds
pracllcally guarantees Il. One fourth Of tbs
work is already doEe. and the track continues
to be laid atibe rrte Of tive miles q day.
Q. The Union Pacific Railroad honda are
issued upon what promises 10 be ant pf tbe
most probable lines Of rsilrcad In theoqun :
Try. For many years II must BE- the only
line connecting the Atlantic and Pacihc ard
being without competition u osn maiutain
renumerNire rates.
3D. S26 miles OF this road are hnishcd,
and fully equipped with depots, locomotives
cars, So, and Two trains are daily running
each way. The materials fer the remaining
90 miles 10 the eastern Ease Of the Rocky
Mountains ara en- hand, and itis under con-
tract to be done in September.
4ih The net earnings Of the sections Cd
ready finished ore several times greater thaa
the gold interest upon tic First Mortgage
-. !. -. h.alx aoalto0a fa,I ~ uaf nnofkap
m lie oftho road were built, the pnrt already
completed would not only pay interest and
expenses, bnt be profitable 10 The Comp ny.
9th. The Union Pacific Kailroad bonds can
be issued only as the road progresses, and
therefore can never be in The market unlsas
they represent a bona ode property.
9Th. The amount Is strictly limited by hp
TO a sum equal to what is granted by The q.
s.. government, and for which II takeR q 500
ond lien as security. This amount upon the
first 6l7 miles west from Omaha Is only $l6s
900 per mile. %
7,hg The fact that the U. & Oovernmsss
considers o second lien upon tho road q good
Investment. and that some OF the .shrewdose
railroad builders Of the country hive already
paid in Eve million dollars upon the stood
(which is 10 them a third lien,) may well ins
spire confidence in first lien.
sih. Although il is not claimed that thssS
can be any better securities then Govern!
ments, there are parties who consider . fro
mortgage upon such a properly as this Ne
very lest security in the world, and Who eel
their Governments TO re invest in these bondt
thus securing a greater interest
9th. As The Union Pacific Railroad bomb
are offered for at the present az 80 cents 90
the dollar ard accrued interest, they arr che
chespest security IN the market, being mose
than Is per cent. less than u. s. Stocked
10Th. AT the current ra'e OF premium w
gold, they pay
Over Nine pc, Cent. Interest.
Subscriptions will be received IN New Yosa'
by TIE
C~oSrIxBSr1B NAT. BANK, No. Z Nasssa
ST., ClASK, DopGE B Co, BaxKsss, 81 WI
St., Joan j. Cisco . Sos, DAsKsn Noe
NallSt, >
and by BANKS AND bankers generally
throughout the United States. Of whom maps
and descriptive pamphlets may be obtained.
They will also be sent by mail from the Com
pany's Office, No. 20 Nassau Street, Nee
York on application. Subscribers Will se~
lect their own Agents in whom they haze
confidence, who alone will be responsible w
them for the BAL Re delivery vf the honda. :
JOHN J. CISCO,
Treasurer,
NEW YORK
o. az tf r.