The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-10-31
.sa9ls9 aiS
UNION PACIFIC
~11EU7 GHTgIu
Railroad G0srias
Their First Mortgage Boads.! ..s :.
AS An Tnvestmert.

sF -s------- .ses - :. ~
= The rapid progress of the Union Pacific
Railroad, now building vest from Omaha,
Nebraska, and forming, with its western con-
nections, an unbroken line across the conti- :
nent, attracts att ntion to the value of the s
First Mort gage Bonds which the Company
now offer to the p blic. The first question
asked by prudent estors is, tt'Are these q
bonds secure?'' Next, s.Are they profitable
investment?'' To reply in brief: f7ete -
1st. The early completion of the whole great
line to the Pacific is as certain as any future
business eventcan be- TteGoyernn ent grant 1
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 two miles a day ( 81 Etst}I :
2d., The Union Pacific Railroad bonds are
issued upon what promises to iieE one of tho
& most profitable lines of railroad in the coan-f
try. Formany years it must be the only Iins :
connecting the Atlantic and Pacific and be-
ing without ornpetition it can maintain re-
munerative fates.ica& &I - - SCOTT
3D. 425 miles of this road 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 il is under contract to be done in
+ September. 7fz5 = 5--4z...f+ +sar.- ..,...s -
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
pieted would not only pay interest and ex--
penses, but be proitabieto TIE Company.
5thi The Z nion Pacific Rai4road bonds can
be issned only as the road progresses. and
therefore can never be in the market unless /.
I they represent atbonaide PROPERTY 9 = = 2. r
9Th. heir amount is strictly limited by law
to a sam equal to what is granted by the U. S.
Government, and for which it takes a lien as
its securitys This amount upon the, first SIT
miles west from Omaha is only S16 cooper nlile..,
| 7th. The fact that the q. S. Government cons
siders a second lien upon the road good in
| vestment. and that some of the shrewdest rail-
road builders ofthe country have already paid
in five million dollars upon the stock (Which
is to them third Iien), may well inspire con
| fidence in a first lien. - g
| sth. Although it is not claimed that there
can be any better securities than Governments
there are parties who consider7a fl irst mortgage
upon such property as this the very best secur-
| ity in the world and who sell their Govern
ments to re-irvest in these bondse thus secur-
! ing greater interest. --,,.--l..
| 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 in the market, being more than Is
| per cent. less than U. s Stocks 80.
| 10th. Atthe current rate of premium on gold,
they pay 't3'r
Deer Nine per Cent. Interest.
The daily subscriptions are already large,
and they will continue to be received in New
| York by the .7s5 ------r. ~
/ CONTINENTAL NATIONAL BANK, No. Z Nassau St.,
| CLARK, DODGE & Co., BANKERS 81 Wall St.,
| JOHN J. Cisco & Co., BANKERS, No. 80 Wall St.,
| and by BANKS ANB BANKERS generally through
| out the United States, ofwhom maps and descrip-
tive pamphlets may be obtained. They will also be
sent by mail frcm the Conpany's office, No 20 Mas
sau Street New York on application. subscribers
will selecttheir own agents i'll whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. -se ~
/ JOHN j. CISCO, Treas.
/ Subscriptions taken at the First National
/ Bank, Upper Sandusky, Ohio jn1-3m