The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-10-03
UNION II 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 con-
neetlons, an unbroker line across the conti--
nent, attracts att Rtien to the vaIue of ths
First Mortgage Bonds which the Company
now offer to the p blic. The first question
asked by prudent estors is, care these
bonds securef'' Next, care they a profitable
inyestment?', To reply in brief: f5rf.
1st. The early completion of the whole great
line to the Pacific is as certain as any future
business eventcan be. IT e GovernIren ent grant
of over twenty million acres of land and fifty
million dollars IN its own bonds practically
guarantees it. One fourth Of the work is al
ready done, and the track continues to be laid
at the rate Of miles a day.
I'd. The Union Pacific Railroad bonds are
issued upon what promises to lie one of the
most profitable lines of railroad in the conn
try For many years it must be the only line
connecting the Atlantic and Pacific; and be-
ing without competition, it can maintain re-
munerative rates -'t
3D.. 425 miles of this road finished and fully
equipped with depots, locomotives. cars. &c.
and two trains are daily running each way
The materials for the remaining 90 miles to
the eastern base OF the Rocky Mountains are
on hand and it is under contract to be done in
September.
4th The net earnings of the sections already
finished 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 part already COM
pleted would not only pay interest and ex-
peases, but be profitable to TIE Company.
sth: The Unioy Pacific Railroad bonds can
be issued only as the road progresses, and
therefore can never be in the market unless
they represent a bona fde property
9th. heir amount is strictly linaited by law
to sum equal to what is granted by the U s.
| Government, and for which it takes a lien as
its security. This amount upon the first 5fT
miles westfr Omaha is only $4,000 per mile
7th. The fact that the Z. s. Government con-
siders q second lien upon the road good in.
vestment..and that some of the shrewdest rail-
| road builders of the country have already paid
| in five million dollars upon the stock (Which
is to them third lien), may well inspire con
| fdence in a first lien.
t 9Th. Although it is not claimed tkas there
| can be any better securities than Governments
| there are parties who consider first mortgage
| upon such property as this the very bestsecur-
| ity in the world, and who sell their Govern
| ments to re-ipvest in these bonds thus secur-
| ing greater interest.
| 9th. As the Union Pacific Railroad bonds
are offered for the. present at 90 cents On the
dollar and accrued interest, they are the cheap
est security in the market, being more than Is
| per cent less than U s Stocks
/ 10TH At the current rate of premium on gold,
they pay
Ocer Nine per Cent. Interest.
The daily subscriptions ARE already large,
and they will continue to be received in New
/ York by the
CONTINENTAL NATIONAL BASK, No. I Nassau ST.,
CLARK, DoDGE & Co., BANKERS, 81 Wall ST.,
JOHN J. CISCO Co., Banners, No 33 Wall St.,
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 20 Mas
san Street. New York application. Subscribers
will select their agents in whom they have
adence who slone will be responsible 10 them for
the safe delivery of the bonds.
JOHN j. CISCO. Treas.
Subscriptions taken at the First National
Bank Upper Sandusky, OHIO Jn1-Sm