The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-08-21
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UNION, PACIFIC
RAILROAD co.
Their First Mortgage Bonds
as am Investment !

70 To-
The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing, with its western connections, unbroken line
across the continent attracts attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the pubr. d he first question asked by pru-
dent investors is, "Are these bonds secure?" Next
care they profitable investment" To reply in
brief
1st The early completion of the whole great line to
the Pacific is as certain any future business event
can be. The Government grant OF over twenty mill
ion acres of land and fifty million dollars in its own
bonds practically guarantees it. One fourth of the
work already done, and the track continues to he
laid at the rate OF two miles day.
ID. The Union Pacific Railroad bonds are issued
upon hatpromises to be one ofthe most profitable
lines of RAILROAD III the country. For many years it
must be the only line connecting the Atlantic and
Pacific; and being without competition, it main
tain remunerative rates.
3D. 425 miles of this. road are finished, and fully
equipped with depets, locomotives, ears, land two
trains are daily running each way. The materials
tor the remaining 90 miles to the eastern base of the
Rocky Mountains ara on hand, and 1t is under con
tract to be done in September. WI" ~ D.
4th. The net earnings off the sections already finish
ed are several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and if not another mile of the road built, the
parf already completed would not only pay interest
an expenses, but be prof able to the Company
9th. The Union Pacific Railroad bonds can be issued
only the road progresses and therefore never
be In the market unless they represent bona fde
property. E4,eg ~ I'D % So 400
9Th. Their amount is strictly limited by law to
sum equ9l to what is granted by the U. S. Govern
ment, and for which it takes second lien rs its Sc
cnsity T,is upon the first 517 miles west
g.s o T,,a s Is only $4,000 per mile: .,u.;,,
ersa second lie7upo the road good Investment,
and That some d the shrewdest railroad builders Of
the country have already paid in five million dol
lars upon the stock (which is to them third lien
may well inspire confidence in first lien. ,,i1e
n 18th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property as the very best security in the world,
and who sell their Governments to reinyest in these
bonds-thus securing greater interest. i'a ~
9th. As the Union Pacific Railroad bonds are offer
ed for the present at 80 cents on the dollar and ac-
crued interest," they the cheapest security in the
Market being more than is per cent less than U. s.
Stocks. Y i'35 n q '''''i'''' N
10th. Att the current rate of premium on gold,
they pay az EABssS y sststa ,
Over 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, No7 Nassau ST.,
CLARK, DepeE g. Co., Bankers, No 81 Wall ST.,
,JoHMJ. Cisco g. SON, Bankers, Mo- SO Wall ST.,
andby 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 Company's Office, No 20 Nassau ST.,
New York, on application Subscribers will select
their own agents in whom they have confidence who
alone viii be responsible to them for the safe de-
livery of the bonds. ttbo5faIn. ef liFgE
JOHN j. CISCO, Treasurer,
d, .t..,, ..t.. -. NEW YORK.
W. H. WOOD q SON, are agents for the sale sof
the above bonds in this city, june3d&w3m