The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-09-26
UNION PACIFIC
RAIL ROAD co.
THEIRFIRST MORTGAGE BONDS
AS an Investment.

lIlGlQPI nDl NUN DUNUO
AS an Investment.
THE rapid progress of the Union Pacific Railroad.
building west from Omaha, Nebraska, and form
ing, with its western connections, unbroken line
across the continent attracts attention to the value
of the First Mortgage Bonds which the Company now
%
care they profitable investment To reply in
brief:
to the Pacific is as certain any future business
event can be. The Government grant of over twenty
million acres of land and fifty million dollars in its
own bonds practically guarantees it. One fourth Of
the wo-k is already done, and the track continues to
be laid at the rate Of two miles day.
I'd. The Union Pacific Railroad bonds issued
upon what promises to be of the most profitable
lines of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific: and being without competition, it can main
tain remunerative rates.
Sd. AS miles of this road are 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 con-
tract to be done in September.
4ih. The net earnings OF the sections already fin
shed are several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
aud if not another mile of the road were built the
part already completed would not only pay interest
and expenses but be profitable to the Company
ed only the road progresses, and therefore
never be in the market unless they represent bona
9th. Their amount is strictly limited by law to q
sum equal to what is granted by the U. S. Govern
ment, and for which it takes second lien its
rty. This amount upon the first 81 miles west from
Omaha is only $4,000 per mile.
9TH. The fact that the U. >. Government considers
a second lien upon the road good investment, and
that of the shrewdest railroad builders of the
country have already paid in five million dollars upon
the stock which is to them third lien j, may well
inspire confidence in first lien.
Sth. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
and who sell their Governments reinvest in these
bonds thus securing greater interest.
9th. As the Union Pacific Railroad bonds offer
ed for the present at 80 cents the dollar and ac-
crued interest they the cheapest security in the
market. being than Is per cent less than U. s.
Stocks.
10th. at the current rate of premium on gold,
they pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions already large, and they
will continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau ST.,
CLARK, DoDGE Co., BANKERS. No. 81 Wall st.
FIRST NATIONAL BANK, RICHMOND,
RICHMOND NATIONAL BANK,
and by BANKS AND BANKERS generally through
out the United States. of whom maps and descriptive
pamphlets may be obtained. They will also be sent
by mail from the Companys Office, No. 20 Nassau
Street, New York, on application. Subscribers will
select their Agents in whom they have confidence
who alone will be responsible to them for the safety
of the bonds.
g. JOHN J. CISCO, Treasurer.