The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-08-22
TzI
PACIFIC
Railroad Go.
Their First Mortgage Bonds /!
AS An Investment.

ss The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with it's western con-
nections, an unbroken line across the conti-
nent, attracts ATTENTION to the value of the
First Mortgage Bonds which the Company
now offer to the public. The first question
asked by prudent estors is, care these
ponds secure?" Next, ''Are they profitable
ihVestment!" To reply in brief:
lst. The early completion of the whole great
line to the Pacific is as certain as anv future
business event can be. II e Govefrn ent grant
OF over twenty million acres of land and fifty
million dollars in its own bonds practically
guarantees it. One fourth of the work is al
ready done, and the track continues to be laid
at the rate OF twomile day
2d The Union Pacific Railroad bonds are
issued upon what promises to he one of the
most profitable lines Of railroad in the coun-
try ormany years it must be the only. line
connecting the Atlantic and Pacific; and be-
ing without competition, it can maintain re-
muneratiye rates
I'd 40 miles Of this srOad finished and fully
equipped with depofs locomotives. ears. &C
and two trains are daily running. each ,yav.-
The materials for the remaining 90 milss to
the eastern base Of the Rocky Mountains are
on hand, and it is under contract 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 if not another mile of
the road were built, the part already COM
pleted would not only pay interest and ex-
penses, but be profitable to TIE Company
5th. The Union Pacific Railroad bonds can
be issued only as the road progresses. and
therefore can never be in the market unless
they represent bona fide property.
9th. ] heir amount is strictly limited by law
| to sum equal to what is granted by the U: S.
| Government,end for which it takes lien as
its security. This amount upon the first 517
miles west from Omaha is only $16 coo per mile
7th TIE fact that the u S. Government con-
siders second lien upon the road good in
vestment, and that some of the shrewdest rail
| road builders of the country have already paid
| in five million dollars upon the stock (Which
| is to them third lien) may well inspire con-
| idence in a 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 property as this the very best secur-
| ity in the world, and who sell their Govern
ments to re-invest in these bonds thus secur-
ing greater interest.
9th. AS the Union Pacific Railroad bonds
are offered for the present at 80 cents on the
dollar and accrued interest they are the cheap.
est security nthe market, being more than Ii
per cent less than q. S Stocks.
10th At the currentra of premium on gold
they pay
Deer 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, No. Z Nassau St.,
CLARK, DODGE & Co. BANKERS, 81 Wall ST.,
JOHN J. CISCO Co., BANKERS, No. 33 Wall ST.,
and by BANKS AND BANKERS generally through
out the United States, of whom. maps and descrip
tive pamphlets may be obtained. They viii also b.
sent by mail from the Company's office, No 90 Mas
sau Street. New York on application. Subscriber
will select their own agents in whom they have con
fdence, who alone will be responsible TO them TO
the safe delivery of the bonds.+
JOHN j. CISCO. Treas.
! Subscriptions taken at the First Nationa
| Bank, Upper Sandusky, Ohio. jl11-3m