Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-08-30
THE
Unto N PACIFIC
RAILROAD co.
THEIR FIRST MORTGAGE BONDS
Asan Investment.

Thu ranid prorress Of the Union Pacific Rail
rad. now building west from Omaha, Nebraska,
and forming, with its western connexions an I'M
broken line across the continent, attracts atten-
t;op 10 the value Of the First Mortgage Bonds
which the Company now offer to the public. The
Grst question asked by prudent investors is, care
these bonds secure7' Next, care they prohta-
bic investment" To reply In brief;
lat The early completion OF the whole great
line to- the Pacifc is as certain as any future bust
meas event can be. The Government grant Of
over twenty million acres Of land and fifty mil
lion dollars in its bosds practically guaran-
tees IL. One fourth OF the work Is ALREADY done,
and the track continues to be laid at the rate 81
"a The Union Pacific Railroad bonds are issn-
ed mon what PROMISES to be one of the most prof
liable lines Of railroad in the country. For many
years it must be tho only line eonneeting the At
lantic and Pacific; end being without competition,
II can maintain remunerative rates.
3D. 125 miles Of this road are finished, and fully
equipped with depots, locomotives, cars, &C., and
two trains are daily running each way. Ihe ma
terials for the remaining ~ miles to the eastern
base Of the Rocky Mountains arc on hand, and II
IA under eontract 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 IL not another mile OF the road
were built, the part already completed Would not
Isniy pay Interest and expenses, but be profitable
10 the Company.
5th. The Union Pacific Railroad bonds can be
issued only rs the road prog RS, and therefore
can never be In the market unless they represent
q bona fidc property.
oth. Their amount Is strictly limited by law to
. sun equal 10 what Is granted by the U. 5. Gov.
eminent and for which II takes second lien as
its security. This amount upon the FIRST 5i1 miies'
west from Omaha is only SIG 600 per mile.
7th. The fact that the u. s. Government con-
sidcrs second lien upon the road good invest
ment, and that some Of the shrewdest rail road
builders Of the country have already paid in I've
million dollars upon the stock (which Is to them
third len), may well inspire confidence In hrst
lien.
9Th. Although II Is not claimed that there can
be any better securities than Governments, there
are parties who consider q first mortgage noon
such a property this the very best security In
the world, and who sell their Governments TO re-
invest in these bonds-thus securing greater In
terest.
9th. As the Union Pacific Railroad bonds are
offered for the present at 90 cents on the dollar
and accrued interest, they are the cheapest secur
ity Ia the market, being more than Is per cent.
less than U. s. Stocks.
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
CoxrrsrxrAL N.rroxAI BANK, No. Nassau St.,
CLARK, DoDeE Co., BAKKxRs, No. 81 Wall ST.,
JONI J. Cisco &Sos, BANKERS, No. 5S WallSt,
and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained. They
will also be sent by mail from the company's0f
fee, No. 20 Nassau Street, New York, on apph-
cation. Subscribers will select their own Agents
In whom they have confidence, who alone will be
res sible to them for the safe delivery of the
bonds.
JOHN J. CISCO, Treasurer,
aue. I6 New York.