Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-08-10
J. =. JAMES
TH z
UNION PACIFIC
RAILROAD COMPANY,
THEIR
FIRST MORTGAGE BONDS
AS AN INVESTMENT.

L lIlOl NUN lUAUU DUNDO
AS AN INVESTMENT.
TIE rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and FORM
ing, with its western connections, an unbrokcn line
the continent attracts attention to the value
of the First Mortgage Bonds which the Company now
offer to the public. The first question asked by pru
dent investors is "Are these bonds secure !' Next,
care they profitable investment ~ To reply in
brief:
LIST. The early completion of tho whole great line
to the Pacific Is certain as any future business
event can be. The Government grant Of over twen-
ty million of land and fifty million dollars in
lis bonds practically guarantees it, One fourth
of the work is already DONE and the track continues
to be laid at the rate of two miles day.
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
lines Ofrailroad in the country. For many years
must be the only line connecting the Atlantic and
Pacific and being without competition 1t
maintain remunerative rates.
Sd. 425 miles of this road finished, and fully
equipped with depots, locomotives, cars, &c. and
two trains are daily running each way. The mate-
rals for the remaining 92 miles to the eastern base
of the Rocky Mountains on hand, and il is under
contract to be done in September.
4th. The net earnings of the sections already fin
ished 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 completed would not only pay interest
and expenses, but be profitable to the Company.
9Th The Union Pacific Railroad bonds can be is
sued only the road progresses and therefore can
never be in the market unless they represent bona
fae property.
| 9th. Their amount is strictly limited by law to q
sum equal to what is grantedby the L. 5. Govern
mcnt, and for which it takes second lien as its
curity. This amount upon the first 5l7 miles west
from Omaha is only $4,000 per mile
7th. The fact that the U. s. Government considers
II second lien upon the road good investment,
and that some of the shrewdest railroad builders of
the country have already paid in five million dollars
upon the stock (which is to them third lien), may
well inspire confidence in II 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 this the very best security in tho world
and who sell their Governments 70 re-inyest in these
bonds-thus securing greater interest
| 9th. As the Union Pacific Railroad bonds Of
ered for the present at 80 cents the dollar and
crued interest," they are the cheapest security in the
market, being more than Is per cent less than U S.
Stocks.
10th. At the current rate of premium on gold they
pay
Over Nine Per Cent. Interest.
The daily subscriptions already large and they
will continue to be received in New York by the
! CoNTISENTAL NATIONAL BANK, No. Z NASSAU st.
CLARK, DoDGE a Co., BANKERS, No. 81 Wall St,
JOHN j. Cisco & Son, Banners, No 80 Wall St.,
and by BANKS AND BANKERS generally through
! out the United States of whom maps and descrip-
tive pamphlets may be obtained. They will also be
sent by mail from the Company Office, No 20 Mas
| sau Street, New York, on application. Subscribers
will select their own Agents in whom they have con-
fdence, who alone will be responsible to them for the
safe delivery Of the bonds.
JOHN J. CISCO,
Treasurer,
NEW YORK.
| June % 1S67-3m