The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-10-17
f$e THE Ia
UNION PACIFIC
Railroad Co.
Their First Mortgage Bonds!
AS An investment. /.

Ihe rapid progress of the Union Pacific
Railroad, now building west from Omaha,
ka, and forming, with its western con-
nections, an unbroken line across the eonti-
nent, attracts att ntion to the value of the
First Mort gage Bonds which the Company
now offer to the p bile The first question
asked by prudent estors is, care these
bonds securef" Next, 'sAre they profitable
investment" To reply in brief:
1st The early completion of the whole great
line to the Pacific is as certain as any future
business event can be. n e Government grant
of over twenty million acres of land and fifty
million dollars in its own bonds practically
guarantees it. One fourth of the work Is al
ready done, and the track continues to be laid
at the rate of two miles a day.
2d. The Union Pacific Railroad bonds are
issued npoa what promises to lie one of the
most profitable lines of railroad in the coun-
try. For many years it must be the only line
connecting the Atlantic and Pacific; and be-
ing without competition, it maintain re-
munerative rates.
Sd. 425 miles of this road finished, and fully
equipped with depots locomotives, cars, &C.,
and two trains are daily running each way
The materials for the remaining 90 miles to
the eastern base of the Rocky Mountains are
on hand, and it is under contract to be done in
September.
4th. The net earnings of the sections already
finished are several times greater than the
gold interest upon the First Mortgage Bonds
upon such sections, and if not another mile of
the road were built the part already COM
pleted would not only pay interest and ex-
penses, but be profitable to tie Company.
5th. The Union nsPaciic Railroad bonds can
be issued only as the road progresses, and
therefore can never be in the market unless
they represent a bona fide property.
9th. Their amount is strictly limited by law
to a sum equal to what is granted by the U. S.
Government, and for which it takes lien as
its security. This amount upon the first SIT
miles west from Omaha is only $4,000 per mile.
7th. Tie fact that the Z. S. Government con-
siders second lien upon the road good in.
vestment. and that some of the shrewdest rail-
road builders of the country have already paid
in five million dollars upon the stock (Which
is to them third lien), may well inspire con
fdence in a first lien. a"
Sth. Although it is not claimed that there
can be any better securities than Governments
there parties ho consider first mort gage
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
| 9th. As the Union Pacific Railroad bonds
are offered for the present at 80 cents on the
dollar and accrued interest, they are the cheap
est 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
Deer 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 ST.,
/ CLARK DODGE & Co., BANKERS, 81 Wall ST.,
JOHN J. CISCO Co., BANKERS, No. 33 w all ST.,
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 las
Street, New York on application. Subscribers
will select their agents in whom they have con-
fdence, who alone will be responsible to them fOr
the safe delivery of the bonds.
JOHN j. CISCO, Treas.
/ Subscriptions taken at the First National
Bank, Upper Sandusky, Ohio. 11-3m