Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-30
YAMsaTErHMa 8Hf
UNION PACIFIC
RAILROAD CO.
Their FIRST MORTGAGE BONDS
AS an Investment.
= ~ a - = = EErtr = - -

The rapid progress Of the Union Pacific hsilroad.
now building vest from Omaha, Nebraska. al
mlne.withi its western oonnec ions. unbr9ken
line across the continent attracts attention to Il
value of the Fir Mortease Bonds which the Com
pany now offer to the public. The first question
asked by prudent investors is, Are these boz ds
secure 8 heTti siAss thsy e profitable .inEssts
ment :" To reply in brief:
1st. The early completion of the whole great line
10 the Pacific is as certain as any future business
eventeap be. The Government grant of over TIVE n
ty million acres ofland and fifty million dollafrin
its own bonds practically guarantees it. One fourth
of the work is already done, and the track contin
ues to be laid at therate of two miles day.
I'd. 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 Pacifci and being without competitioni
1t can maintain remun erative rates. =silr rri- 10
81. 425 miles of this road are finished and fully
equipped with depots. locomotives, cars &C.. and
two trains are daily running each way. The mate
rals for the remaining % miles to the eastern base
of the Rocky Nountains sreon and. and it is un-
kdercontracttobe done in September.
4th. The net earnings of the sections already fin.
ished are severql times greater than the gold inter-
Fest upon the First Mortgage Bonds upon such sec
tions. and If not another mile fef tte road were
built. the part already completed would not only
pay interest and expenses, but be profitable to the
Company. ts+s9HFT
5th. The Union Pacific Railroad bonds can be Is
sued only as the road progresses and therefore can
never bein the market unless they represent bona
| tide property.
sum equal to what is granted by the o. s. Govern
ment andfor which it takes second lien as its se-
curity. This amount upon the first 5I7 miles west
from Omaha is only $4,000 permile.
7th. The fact that the u s. 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 them third lien),
NAV well inspire confidence in first lien.
9Th. Although it is not claimed that there can be
any better securities than Governments, there.sre
parties who consider a first NOR gage upon such a
property as this the very best security in the world
and who sell their Governments to re-invest in
these bonds-thus securing gr ater 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 securityin
the marke'. being more than Is per cent. less than
| U.S.. Stocks. 1' sos t7t- p ~ 'E-i
10th. AT. the current rate of premium on gold
| tney pay Kg7rzoea - ..tft
Over Mine per Cent. Interest.
p The daily subscriptions are aIrrady large. md
they will continue to be received in New York by
the fS u tEstfat
Continental National Rank, No Nassau ST.,
Clark, Dodge 6 Co. Bankers 81 Wall St..
John J. Cisco 6 Son, Fankers, No. SO walIsr,
AND BY
ERIOKbY &BR0.,l Columbus, Ohio,
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 Once No. 90 Nas-
sau street, New York, on application. Subscribers
will select there own Agentsin whom they have con-
fdence who alone will be responsible to them for
l the safe delivery of the bonds.- s.-s rsae.
/ JOHN }. CISCO, TreasureR,
| NEW oRK.
| ms 30-daw3m-au" le-ips ytrl