Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-10
G, THE
Union Pacific
RAILROAD co.
THEIR FIRST MORTGAGE. BONDS
AS an Investment.

The rapid progress of the Union Pacific Railroad.
now building west from Omaha, NebraskA, and
forming with its western connec ions. unbrok en-
line across the continent attracts 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 ?" Next, Are they a profitable invest
ment f' To replyin brief: 's ..ia e.
1st. The early completion of the whole great line
to the Pacific is as certain as any future business
event can be. The Government grant of over tBen-
ty million acres of land and fifty million dollars in
its 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. 81
2d. 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 it must be the only line connecting the At
lantic and Pacific; and being without competition
it can maintain remur erative rates. II!
81. 425 miles of this road are finished. and fully
equipped withGepots. locomotives. cars, &c., and
two trains are daily running each way. The mate
rials for the remaining 80 miles the eastern base
of the Rocky Mountains on aud, and it is un-
der contract to be doue in September.
4th. The net earnings of the ctions already fin
ished are several times greater than the gold inter
est upon the Fir.t MORTGAGE Bonds upon such Sec
tions, and if not another mile of tie road were
built. the part alre ady completed would not only
pay interesl and expenses, but be profitable to the
Company. co..
5th. The Union Pacif, Railroad bonds can be Is
sued only as the road progresses and therefore can
never be in the market unless they represent bona
tide property. ~ -i-t
9Th Their amount is strictly limited by law to a
sum equal to what is granted by the U. 8. Govern
ment and for which it takes second lien as its
curity. This amount upon the first SIT miles west
from Omaha is only sI6, 900 per mile. "-i -
7th. The fact that the U 8. Government consid-
ers second lien upon the road good investment,
and that some of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (Which is 70 them third ien).
NAV well inspire confidence in first lien.
sth. Although it is not claimed that ther can be
any better securities than Governments there are
parties who consider first NOR gags upon such
property this the very Lest security in the world
and who sell their Governments to re-invest in
these bonds-thus securing gr- alter 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-a 81 iH
10th. AT the current rate of premium on gold,
taey pay -..,r.... .....,3 ..-,.r..-.,....,
Over Nine per Cent. Interest.
The daily subscriptions are already large. and
t'ey will continue to be rec eived in New York by
the i;Ii .-s, .slT el -rtaI
Continental National Bank, No Nassau st.,
Clark, Dodge & Co. Bankers. 81 Wall St..
JohnJ. Cisco 6 Son, Eanksrs, No. 33 Wall ST.,
AND BY -55- $50
R1CKLY & BRO, Columbus, Ohio,
And byBANKS and BANKERS generally through
out the United States. of whom Maps and Descrip-
tive Pamphlets may be obtained. They viii 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 for
the safe delivery of the bonds. -
JOHN J CISCO, Treasurer,
,7 s-.... NEW loRK.