Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-27
"a THE
Union Pacific
RAILROAD co.
their FIRST MORTGAGE BONDS
AS an Investment.

The rapid progress of the Union Pacific Railroad,
now building west from Omahh,' Nebraska. and
forming. with its western connec ions. unbroken
line across the continen attracts attention to the
value of the First Mortgage Bonds which the CON-
psny now offer to the publio. The first question
asked by prudent investors is. "Are these bonds
secure ?" Next, Are they profitable invests
ment 2" To reply in brief: = ~ f''i -iAs
1st. The early completion of the whole great line
to the Pacific is certain as any future business
event can be. The Government grant of over TWEEN
ty million Of land and fifty million dollars in
its own bonds practically guar antees it. One fourth
of the work is already done. and the track eontin
ues to be laid at the rate of two miles day. i-,
Cd. The Union Pacific Railroad bonds are issued
upon what promises to be oHe 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.. rt Z ,-.1i7,
81. 425 miles of this road are finished and fully
equipped with 6epots. locomotives. oars. &c and
two trains are daily running each way The mate-
rals for the remsnine 80 miles to the eastern base
of the Rocky Mountains are on and and IL is un-
der contract to be'done in September 2 n w1U
4th. The net earnings of the sections already hn.
ished seuerdl times greater thsn the gold inter-
est upon the First Mortgage Bonds upon such sec-
tions. and if not another mile Cf tt Q road were
built. the part already completed would not only
pay interes and expenses. but be profitable to the
Company. + .,,..,
9Th. The Union Pacific Railroad bonds can be Is
sued only as the road progresses and therefore
never be in the market unless they represent bona
fde property. -..... - n ~ -. g.. -f,....
9Th. Their amount is strictly Ii tied by law to
sum equal to what is granted by the q S. Govern.
ment, and for which it takes second lien as its Sc
curity. This amount upon the frat 5l7 miles west
from Omaha is only sls, 900 per mile.
7th. The fact that the U. s. Government consid
ers second lien upon the road a good investment
and that some of the shrewdest railroad builders o.
the country have already paid in Eve million dol
lars upon the stock (Which is TO them third Iien)
may well inspire confidence in first lien. q it
sth. Although it is not claimed that there can b.
any better securities than Governments there arr
parties who consider first NOR gage upon such
property as this the very best security in the world
and who sell their Governments to re-invest il
these bonds-thus securing gr ater interest.
9th. As the Union Pacific Railroad bonds are Of
fered for the present at 80 cents on the dollar anG
accrued interest they the cheapest security il
the market, being more than Is per cent less thar
U. s. Stocks.
10th. At the current rate of premium on gold
they pay .,,.-.i,. -
Over Nine per Cent. Interest.
The daily subscriptions are already large anG
Trey will continue to be received in New York b,
the G.. ..:..-5 10 . -srulRaH4 81. ~
Continental National Bank, No Nassau 81,
Clark. Dodge 6 Co.. Bankers, 81 Wall St.
John ]. Cisco Son, Bankers, No. SS ,Walisr.,
ta . st, = AND BY ~ .t-i-iri4i- "a
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through.
ont the United States of whom Nans and Dasor;,
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<criber
will select there Agents in whom they have CON
idence. who alone will be responsible to them fo
the safe delivery of the bonds.
t..s :.--E. H.-.l .fsu. zig NEW \ oRK.
may3o-daw3m- ug1e-ips 7-s sF adj Ia - :.