Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-09-21
THE
UNION PACIFIC
RAILROAD CO.
THEIR FIRST MORTGAGE BONDS
AS an Investn .nt

The rapid progress of the Union Pacific hailroad
now building west from Omaha, Nebrask. and
forming, with its western connec iuns, unbrosep
line across the continen 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 the,e bouds
secure p Next, Are they a profitable invest.
ment?" To reply in brief:
1st. The early completion of the whole great line
to the Pacific is as certain any future business
event can be. The Government grant of over twen-
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.
2d. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profts-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lantic AMI Pacific; and being without competition.
it can maintain remur erative rates.
81. 425 miles of this road are finished, AID fully
equipped with depots. locomotives, cars, de-, and
two trains are daily running each way The mate
risls for the remaining 90 miles the eastern base
of the Rocky Mountains sre on Land and it is un-
der contract to be done in September.
4th. The net earni gs of the sections already fin.
ishad secerdl times 0redtsr than the gold inter-
est upon the First Mortgage Bonds upon such sec.
tions. ahd if not another mile Ct Il . road were
built. the part already completed would not only
pay interes and expenses, but be profitable to the
Company.
5th. The Union Pacifi, Railroad bonds can be Is.
sued only as the road progresses, and therefore
never be in the market unless they represent bona
fae property.
9th. Their amount is strictly Ii IN tied by law to
sum equal to what is gran ed by the U. s. Govern
ment. and for which It takes second lien its
curity. This amount upon the first 5l7 miles west
from Omaha is only $4,000 per mile.
7th. The fact that the u s. Government consid-
ers a second lien upon the road good investment,
and that of the shrewdest railroad builders of
the country have already paid in five million dol
ars upon the stock (Which is them third lien),
NAV well inspire confidence in q first lien.
9Th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first NOR gage upon such a
property as this the very hest security in the world
and who sell their Governments to re-invest in
these bonds-thus securing -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 srethe chespest security in
the market, being more than Is per cont less than
q. 8. Stocks.
10th. At the current rate of premium on gold
taey pay
Over Nine per Cent. Interest.
The daily subscriptions are already large. and
t ey will continue to be received in New York by
the --
Continental National Bank, No. Nassau ST.,
Clark. Dodge & Co. Bankers 81 Wall st.. "
John ]. Cisco &sOn. Bankers, No. SO Wan ST.,
AND BY
RICKLY & BRO, Columbus, Ohio,
AMI by BANKS and BANKERS generally through.
ont the United States. of whom Maps and Descrir
tive Pamphlets may be obtained. They will also b
sent by mail from the Company's Office, No. 90 Mas.
sau street. New York. on application. Sub cribers
will select there Agents in whom they have con-
6danca who alone will ha raspons;hIo - H.. g