The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-08-29

TIM rapid progress Of the Onion Pseific Railroad
now building west from Omaha, Nebraska, and form1d
ing with its western connections, an unbroken line
of the First Mortgage Bonds which the Company now
Offer to the public The first question asked BY pru
dent inveators =, Are thsss bonds sesqre1 Ne.ts
Are they profitable BE investment e s 10 reply
l.& The early complstign Of the whole great linz
event can be. The Goverameft grant of over twenty
million acres Of land and fifty million dollars in its
own bonds practically guarantees It. One fourth or
be- laid It the rate Of Two miles day. u
I'd. The Union Pacific Railroad bonds are issuqda
upon what promises to be one of the most profitable
lines Of railroad in the country. For many pears it
must be the only line connecting the Atlantic and
Pacific and being without compession, 4 can snsi-
tain rs ss il ss are finished
equipped with depots, locomotives, &c, and twn
trains are daily running cash way: The materials
for the remaining 90 miles ts the eastern base of the
Rocky Mountains hand, and it is under CON-
tract to be done in September. 500 s4@
r4th The net earnings Of the sections already fn-g
shed sereral times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and if not another mile Of the road built. the
and expenses, but be profitable to the Conpanyasss
5th. The Union Pacific Railroad bonds can be issu-
ed only the road progresses, and therefore can
never be in the market unless they represent 5er~
oh Their amount is strictly limited .by law to !
sum equal to what Is granted By the = s. Govern
rity. This upon the first SIT niles west from
Omaha IS only si6. 900 per mile. 2A Issfss 2
Eth. The fact that the U. s. Government considers
a second lien upon the road good Investment, and
that of the shfewdest railroad builders OF the
country have already paid in five million dollars upon
the stock which is 10 them third lien may wen
inspire con6dence in = first lien. 8 rua15onaaE p
6th Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider . FIRST mortgage upon such.
property az this the very best security in the world
aud who sell their Governents to re-invest in thea
eth As the Union Paeifc Railroad bonds offer
ed for the present at 90 cents the dollar and ae-
crued interest theyare the cheapest securiy tho
market. being more shan per csnt.less than Ush-
10Th. At the current rate of prenisn on ga,
they payna nIe4aI SRI b1awD5 5sa4ss1sfb =
OVER NINE PER CENT. INTEREST. &,
The daily subscriptions are already large, and they
will continue TO be received in New York BY The s7
/ .CoSrIsESTAL NATIoNA Al. BANK, No. Nassau ST.,
CLARK DoDGE & CO., BANNERS, No. 81 Wan 81
FIRST NATIONAL BANK, RICHMOND.
RICH MOND NATIONAL BANK.
and by BANKS AND BANKERS generally throueh-
out the United States, Of whom maps and descriptive
pamphlets may be obtained. They will also b sent
bysmail frnm the Companys O6Rce, No. 20 aNassaaa
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.
asit5sq JoHNJ.scIsCo. Treasurer, s
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