Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1867-09-05
finanfial.
TEIB
Union Pacific
RAILROAD GO.
FIRST MORTGAGE BONDS
AS An Investment.

11o l4Ll iIl v Oo JllICil u.
THE rapid progress of the Union Pacific Rail-
road, now building West from Omahn, Ncbras-
ka, and forming, with its Western connections
an unbroken line across the continent, attracts
attention to the value of the First Mortgage
Bonds which the Company now offer to the pub
lie. The first question asked by prudent invcs-
tors is, "Are these bonds secure?" Next, Are
they profitable investment" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is MS certain as any future
business event can be. The Government grant
of over twenty million acres of land and fifty
million dollars IN its own bonds practically
guarantees il. Onc-fourth of the work is already
done. and the track continues to be laid at the
rate of two miles aday.
2d. The Union Pacific Railroad bonds are is
sued upon what promises to he one of the most
profitable lines of railroad in the country. For
many years il must be the only line connecting
the Atlantic and Pacific and being without
competition. 1t can maintain remuneratiVC rates
3d. 125 miles of this road are finished, md
fully equipped with dcpots, locomotives, cars
&C., and two trains are daily running each way.
The materials for the remaining % miles to the
Eastern base of the Rocky Mountains are on
hand and 1t is under contract to be done in Sep
tcmber.
4th. The net earnings of the sections already
interest upon the First Mortgage Bonds upon
| such sections, and if not another mile of the
road We're built, the part already completed
would not only pay interest and expenses, but
be profitable to the Company.
5th. The Union Pacific Railroad bonds can be
issued only as the road progresses and therefore
can never be in the market unless they repre-
sent n bona Jide property.
9th. Their amount is strictly limited by law
to sum equal to what is granted by the U. S.
! Government, and forwhich it takes second lien
! as its security. This amount upon the first SIT
miles West from Omaha is only $4,000 per mile.
| eth. The fact that the u. S. Government con-
| siders n second lien upon the road good invest
| ment, and that some of the shrewtiest railroad
builders of the country have already paid i'm five
a third lien), may well inspire confidence in a
sth. Although IL is not claimed that there can
| there are parties who consider a first mortgage
upon such property as this the very best secur-
| ity in the world, and who sell their Govern
ments to re-invest In these bonds-thus secur-
ing greater interest:
offered for the present at 30 cents on the dollar
and accrued interest. they are the cheapest
cent. less than u. s. 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 To be received in New York
by the
| Continental National Bank, No Nassau 81.
CtoTk, DOd9e e Co., Bankers, 81 Wdu 81
John j. Cisco d Son, Bankers, No. 80 Val ST.,
and by BANKS AND BANKERS generally
throughout the United States, OF whom maps
and descriptive pamphlets may be Obtained
They will also he sent by mail from the Com
pany's Office No. 20 Nassau Street, New York
ON application. Subscribers will select then
own Agents in whom they have confidence who
alone viii be responsible To them for the safe
delivery of the bonds.
JOHN ]. CISCO, Treasurer,
je6-3m New York.