The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1867-08-30
Union Pacific Raj floao.
THE UNION pacific
Railroad Company.
THEIR FIRST MORTGAGE BONDS
Es AN INVESTMENT.

fT As AN IEvRsTMKNT.
ma r4psd ssokresu Of tbs Union Pacific Railroad,
nos tnfidlng west from Omaha, Nsbrsska, and form.
insfvith itz western connections, an unbrOksn line
seross the sentiment attracts attention to the value
Of the First Mofts gage Bonds which the Company
now ofsr to the public. ThS nrHt question asked bT
prudent investors n, -SArs these bends seeure:'
Next, sAre they prohtabls snvestnentf" To reply
brief:
lst. The early completion OF the whole great line
70 the Paei6e Is as certain any future business
ever eanIbs. The Government grant OF over twenty
niliicn acres Of land and 6fy million dollars In its
own bonds practicslly gsarsatess It. One fourth Of
the work Is already done, and the track continues to
be lAid at the rate OF two miles day.
%. The Union Pacific Railroad bonds are issued
upon what promises to be the most profitable lines Of
rsgroad In the country. For many years 1t must be
shs-only line connecting ths Atlantic and Paeinc;
and being without composition, 1t can maintain re-
munerative rates.
ID. as miles Of this road are finished, and fully
equipped with depsts, locomotives. cars, &C., and
two trains are running daily each way. the nAteri-
ais for the remaining % miles TO the eastern bass Of
the Rocky Mountains are on hand, and It is under
contust to be done In September.
9th. The net earnings Of the sections already an
ishsd are several ties greater than the gold inter
est upon the First Mortgage Bonds upon such sec
tions, and not another mile ofroad were built, the
part already completed would not only pay interest
and expenses, but be profitable to the c,mpany.
sth The Union Pacific Railroad bonds can be is-
sued only the road progresses, and therefore can
never be in the market unless they represent boas
fde property.
9th. The amount Is strictly limited by Law TO sum
equal TO what is granted BY the 0. 8. Government,
and for which 1t takes second lien its seeoritJs
This amount upon the hrEt 517 miles west from O.
mahs Is only $4,000 per mile.
It'll. The fact that the Q. s. Government conais-
ers second lien upon the road good investment,
and that some Of the shrewdest raroad builders of
the eo1ntry have already paid in Eve million dollars
upon the stock (Which Is to them third len), msy
well inspire confidence in the first lien.
sth. Although it is not claimed that there can be
sny better securities than Governments, there are
parties who consider q first mortgage upon such
property this the very best security in ths world,
and who sell their Governments to reinvest in these
honcs-thus securing greater interest.
eth The Union Pacific Railroad bonds are offered
Interest they are the cheapest security in the
market being more than 10 per cent. less than u
stocks. /:
10th. At the current nate Of premium gold, they
pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large, and they
win continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau st.
CLARE, DoDeE Co, BANKERS No. 81 Wall ST.,
JoHx J. CISCO & sox BAsKEEs, No. 80 Wall St,
and by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained. They viii also be sent
BY mail from the Company 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 for the safe delivery of the
bonds. JOHN J. CISCO, TREAsuRER,
%. NEW YORK.