The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1867-09-06
General Advertisements.
The Union Pacific Railroad Go.
Their First Mortgage Bonds

AS AN INVESTNGEN T.
Tho rapid progress Of tho Union Pacific Rail-
road, now building west from Omaha, Nebraska
and forming, with Its western connections, an un.
broken line across tho continent. attracts attcn.
ton 10 the value Of tho First Mortgage Bonds
which the Company now offer to the public. Tho
first question asked by prudent investors Is, "Aro
these bonds secure ~ Next, Are they prohta-
bio investment :" To reply In briei,
ist. Tho early completion OF the whole great
limo 10 the Pacific is rs certain as any future bust
moss event can bo. Tho Government grant OF over
twenty million acres Of land and my million
dollars In Its own bonds practically guarantees
Il. One fourth OF tho work Is already done, and
the track continues 10 DO laid at the ratio Of two
miles day.
Cd. Tho Union Pacific Railroad bonds arc issued
upon what promises to no the most profitable
lines OF railroad In tho country. For many years
II must DO tho only line connecting tho Atlantic
and Pacific and being without competition, II can
MAINTAIN rcmunentve rates.
ID a., miles OF this road arc finished, and fully
equipped with depot locomotives. cars, &c, and
two trains arc daily running each way. The ma
teriais for tho remaining % miles to the eastern
base Of the Rocky Mountains are on hand, and u
is under contract to DO done In September.
9TH The net earnings Of tho sections already
finished arc several tunes greater than the gold In.
terest upon the First Mortgage Bonds upon such
sections, and II not another mile OF the road were
built, the part already completed would not only
pay interest and expenses but be profitable to
the Company.
9Th. The Union Pacific Railroad bonds can be
Issued only as tho road progresses, and therefore
can never be- In the market unless they represent
o bossJRds property. .. ....
9th. Their amount 10 strictly limited by law TO
sum equal to what 10 granted by tho U. g. dow
eminent and for which II takesa second lien IS
It's security. This amount upon the first 5l7 miles
vest from Omaha is only $4,000 per mile.
9TH, The fact that the U 3. Government consid-
ers . second lien upon tho road good Investment
and that some Of the shrewdest railroad builders
Of the country have already paid In nve million
dollars upon tho stock (Which Is to them third
lien) may we'll inspire confidence In FIRST lien.
sth. Although II Is not claimed that there can
be any better securities than Governments, there
are parties who consider first mortgage upon
such q property Is this the very best security In
tho world, and who tell their Governments to re-
invest In these bonds-thus securing greater In.
tsrcst
9th. Az the Union Pacific. Railroad bonds are
offered for the present at % cents on the dollar
and accrued interest," they arc the cheapest securi
~ In the market, being more than 10 per cont less
than y. q. Stocks.
10Th. At tho current rate Of premium on gold,
they pay
Over Nine per Cent. Interest.
The daily subscriptions are already large, and
they will continue 70 DO received In New York by
tho
CONTINENTAL NATIONAL BANK, No. Nassau st.,
CLARK, DoDaE q Co., BASkERs No. 81 Wall b..
JoHS J. Cisco 4 soS. BAsxERs, No. - Wall 81.
and by RANKS AND BANKERS generally
throughout the United States, OF whom maps and
descriptive pamphlets may DO obtained. They
will also no sent by mall nom the companys
Once, No. % Nassau Street. New York, on sppli.
cation. Subscribers will select their own Agents
In whom they have confidence, who alonc will be
responsible " them for the safs delivery oil the
~ JOHN ). CISCO, Treasurer,
is,m2s NEW YoRk.