Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-14
THE
Union PACIFIC
RAILROAD co.
THE
THEIR FIRST MORTGAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebraska and
forming with its western connec ions, unbrok en-
line across the continen attracts attention to the
value of the First Mortgage Bonds which the Cou.
pany now offer to the public. The first question
asked by prudent investors is. Are these bonds
secure?" Next, Are they a profitable invest 4
ment?" To reply in brief:
lst. 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 tweI
ty million 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.
Cd. The Union Pacific Railroad bonds are issued
upon what promises to be oae 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 Pacific; and being without competition
it can maintain remur erative rates.
81. 425 miles of this road finished, and fully
equipped with depots. locomotives, cars, &c., and
two trains daily running each way. The mate
ras for the aiming 90 miles to the eastern base
of the Rocky Mountains ere ON and. and it is un-
der contract to be done in September.
4th. The net earnings of the sections already fin
ished are several times greater than the gold inter-
est upon the First Mortgage Bonds upon such Sec
tions. AID if no t, mother mile Of tie road were
uilt the part already completed would not only
paw interest and expenses but be profitable to the
Company. 5r A'
5th. The Union Pacific Railroad bonds can be Is
sued only the road progresses. and therefore eau
never be in the market unless they represent bona
tide property. @
9Th. Their amount is strictly limited by law to a
sum equal to what is granted by the q. s. Govern
ment and for which it takes second lien as its
curity. This amount upon the first 517 miles west
from Omaha is ONLY Si6 900 per mile
7th The fact tnat the o. s. Government consid-
ers a second lien upon the road good investment,
and that of the sh ewdest railroad builders Of
the country have already paid in five million dol
lars upon the stock (Which is them .ird lien)
NAV well inspire confidence in a first lien.
sth. 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 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 sent at 80 cents the dollar and
accrued interest, they the cheapest security in
the markell being more than Is per cent. less than
o. S. Stocks. I 10y
10th. At the current rate of premium on gold.
they pay
Over Nine per Cent. Interest.
The daily subscriptions are already large, aud
they 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 6 Son, Bankers, No. 80 Walls ST.,
. ,ra,-..- AND BY
RICKLY & BRO, 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 Office, No 20 Mas
sau street, New York. on application. Subscribers
will select there own Agents in whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. ~ ..
JOHN CISCO, Treasurer,
New 1oRK.
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