The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-09-12
UNION PACIFIC
RAIL ROAD GO.
THEIRFIRST MORTGAGE BONDS
AS an Investment.

THE rapid progress of the Union Pacific Railroad.
now building west from OMAHA Nebraska, and form
ing with its connections, unbroken line
the continent attracts attention to the value
of the First Mortgage Bonds hich the Company now
offer to the public The first question asked by pru-
dent investors is, Are these bonds secure" Next,
care they profitable Investment" To reply in
brief: 81 s.
LIST. The early completion of the whole great line
to the Pacific is certain any future business
event be. The Government grant of over twenty
million of land and fifty million dollars in it's
bonds practically guarantees it. One fourth Of
the wo is already done, and the track continues to
!! be laid at the rate of two miles day.
I'd. The Union Pacific Railroad bonds are issued
upon What promises to be of the most profitable
lines of railroad in the country For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition, it can main
| tain remunerative rates.
| 3d. AS miles of this road are finished and fully
equipped with depots. locomotives cars &C., and tw"
trains daily running ea:h way. The materials
for the remaining % miles to the eastern base of the
! tract to be done in September.
4ih. The net earnings OF the sections already fin
shed several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
| aud if 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.
| 5th The Ca;on Pacific Railroad bonds can be issu-
ed only the road progresses, and therefore can
never be in the market unless they represent bona
6th Their amount is strictly limited by law TO a
sum equal to what is granted by the U. =. Govern
ment, and for which it takes second lien its
rty. This amount upon the first 5l7 miles west from
| Omaha is only Sic, 900 per mile.
7th. The fact that the q. =. Government considers
q second lien upon the road a good Investment, and
that of the shrewdest railroad builders of the
country have already paid in five million dollars upon
the stock which is to them third lien may well
inspire confidence in first lien.
| Sth. Although it is not claimed that there be
any better securities than Governments, tsere are
| parties who consider first mortgage upon such
property this the best security in the world
and who sell their Governments to renvest in these
| bonds thus securing greater interest.
9Th As the Union Pacific Railroad bonds Offer
ed for the present at 90 cents the dollar and
crued interest they the cheapest security the
market. being than Is per cent. less than T. s..
Stocks.
| 10th. At the current rate of premium on gold,
| they pay
| OVER NINE PER CENT. INTEREST.
The daily subscriptions already large, and they
| will continue to be received in New York by the
| CONTINENTAL NATIONAL BANK No. Nassau st.
| CLARK, DODGE Co., BANKERS, No. 81 Wall st,
| FIRST NATIONAL BANK. RICHMOND,
/ RICHMOND NATIONAL BANK,
| aud by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained. They will also be sent
| By mail from The COmpany's Office, No. 20 Nassau
Street, New York, application. Subscribers will
select their Agents in whom they have condsnce
/ Of the bonds. -
JOHN J. CISCO, Treasurer.
(2m:l5l Fs NEW YORK.