The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-10-24
as M@
UNION PACIFIC
RAIL ROAD co.
THE RFIRST MORTGAGE BONDS
As an Investment.

The rapid progress Of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing, with its western connections, unbroken line
across the continent attracts to the value
OF the First Mortgage Bonds which the Company now
offer to the public. The first question asked by pru-
dent investors is, Are these bonds secure p" Next
Are they profitable investment 2" 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 twenty
million acres of land and fifty million dollars in its
bonds practically guarantees it. One fourth of
the wo.k is already done, and the track continues to
be laid at the rate of two miles a 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 femunerative rates.
equipped with depots, locomotives, &c. and two
trains are daily running Zach way. The materials
for the remaining % miles the eastern base the
Rocky Mountains are on hand, and it is under con-
tract to be done in September. ~
4th. The net earnings OF the sections already FIN
shed are several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and if not another mile of the road built, the
and expenses, but be profitable to the Company.
9Th. The Union Pacific Railroad bonds can be issu-
ed only as the road progresses, and therefore can
never pc Y sne market unless they represent bona
9th. Their amount is strictly limited By law to q
ment and for which it TAKES second lien as its secu-
rty This amount upon the first ST miles west from
Omana IS only SiO,OOO mile. -E44S#
7th. The fact that the u. >. Government considers
= second lien upon the road good investment, and
that some of the sarewdest railroad builders Of the
country have already paid in five million dollars upon
the stock which is to them third lien j. NAV well
inspire confidence in first lien.
9Th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property this, the best security in the world
and who sell their Governments re-invest in these
bonds thus securing greater interest
9th As the Union Pacific Railroad bonds are Offer
ed for the present at 80 cents the dollar and ac-
crued interest," they Gre the cheapest 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 - ss@x .ss.-,.. =
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. z Nassau St.
CLARK, DODGE Co., BANKERS, No. 81 Wall ST.
FIRST NATIONAL BANK, RICHMOND.
RICHMOND NATIONAL BANK.
and by BANKS AND BANKERS generally through
out the United States of whom maps 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 own Agents in whom they have condence
who alone will be responsible them for the safety
of the bonds. ss5aa q = -
JOHN !. CISCO, Treasurer,
- lzm;I31 ~ NEW YORK.