Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-10-10

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92}d5"o 99 ass IL s,@4455THE&m m,a1 - 5is4ih ,9go
union :. PACIFIC
...5 RAlLROADI5CO.., .ssl ~
.esiI5 1uI1- sJ
THEIR Their FIRST II MORTGAGE BONDS
-.L AS al an Inlvesst1a5o In lsst DOS .nrt Il gT99 5oio3

/ iuG O. beIeiT0 =. u --T--rr- 9d1 III eIii Iabjb
The rapid progress Of the Union Pacific hailroad,
/ now building west from Omaha, Nebraska and
forming, with its western connee ions, an unbroben
line across the continen, attracts attention tothe
value of the First Mortgage Bonds which the COM
Pany now.ofer to the public, The first question
asked by prudent investors is, Are these bonds
secure p Next Are they 3 profitable invest,
mept?''. To reply in brief. az 5isa .ar1a HEo7d
T list. The early completion of the whole greatlne
TO the Pacific is as certain as any future business
event can be- The Government grant of over twen-
fyImillion acres of land and fifty million dollarsin
itSownb bonds practically guarantees it.. One fourth
of the work is already done, andthe track eontiff
ues to be laid atitherate of two miles day 9sT,T
sd. The Union Pacific Railroad bonds are issued
upon what promises TO be of the most )profta-
BILE lines of railroad in the country For many
years 1t must be the only line connecting the At
lantic and Pacifc and being without Competition
Il can maintain remup erstive rates. l'd ''''t."
81. AS miles Of this road are finished, and fully
equipped with depots. locomotives, cars, &c.. and
two trains are daily running each way. The mate
rails for he remaining a2miles to the eastern base
of the Rocky Mountains ere on and. and it is IN
der orcontract to be done in September. -,
4th. The net earnings of the sections already fin
ished are segera1 times greater than the gold inter-
est upon the First Mortgage Bonds upon, such Sec
tions, and if not another mile CT tie road were
built. the part already completed would not only
pay interest and expenses. but bepr9ftable to the
5th: The Union Pi Psoif, Railroad bonds can be is
sued only as therpad progresses, and therefore
never be in the market unless they represent 5qaa
fde property. NJ. ,ba-. ..f mt r.slf ge,l bfrr
9Th. Their amounts strictly lirited by law to
sum equal to what is granted by the p. s. Govern
ment, and for which it takes asecond lien as its Sc
curity, This amount uponthe first 5I7 miles west
from Omaha is only $4,000 permile. sd 80 mil. ,.a
r. 7th. The fact that the u. s. Government consid-
ers second lien upon the road good Investment
and that some of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (Which is tothem third ien)
may well inspire confidence in a first lien.I - II
sth. Although it is not claimed that theIe can be
any better securities than Governments, there are
parties who consider a first NOR gage upon sucha
property this the very best security in the world.
and who sell their Governments to re-invest in
these bonds-thus securing griater interest, l9h
9Th. As the Union Pacific Railroad bonds are of
fered for the present at 80 cents the dollar and
accrued interest they are the cheapest securityin
the markell being more than is per rcent.fess than
us. Stocks s1i iiE i"i 5-nAl'F tsi,--.'i9
10th. At the current rate of premium on goldI
they pay -Ii'' .lt "a -75aloii --.. s'iit5il
Over Nine Per Cent Interest. 10
The daily subscriptions are S ALREADY large. Iar.ee. and
they will continue to be received in New York by
the ~ -, 49, ,,f[.sT II -, IL
Continental National Bank, No Nassau s..,, n
Clark, Dodge q Co., Bankers. 81 Wall St. dI1ot
John j. Cisco q Son, Bankers, NolssIwall &c., a
- a. lc 3s3fimno1 eli 2TGt9d 919H 919f'
-iTaigI1El rLn.ul AND RHlO9 M suoijsi1Oo1d
RICKEY & BR0.p Columbus Ohio
And byBANKS and BANKERS generally thrones.
outthe United States Of whom Maps and Descrip.
tive Pamphlets may be obtaihed They win also st
sentby mail from the Compaly's ONCE, No. go Nssl
sad street. New York, on application. SubGeribssrHE
tFihseect thereown Agents in whom they have con-
the safe delivery of the bonds III :; ~ ~
,fast, JOHN y CISCO. Treasnrer.' I
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