The Portland daily press., 1867-08-23
MESCEI.LA ANEOUS.
THE
u MON PACIFIC
RAILROAD co.
Their First Mortgage Bonds
As an Investment!
MESCEI.LA NEOUS.

The rapid progress Of the Union Pacific Railroad,
now building west from OMAHA Nebraska, and form
ing with its western connections an unbroken line
across the continent attracts attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the public. he first question asked by pru
dent investorsis, care these bonds secure?" Next,
fare they profitable investment" To reply in
brief:
1st. The early completion of the whole great line to
the Pacific is as certain as any future business event
can be- The Government grant OF over twenty mill
ion acres of land and fiy million dollars in its own
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 of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific; and being without competition, it main
tain remunerative rates. -jatH lat
Sd. 425 miles of this road are finished, and fully
equipped with depots locomotives. cars .,and two
trains are daily running each way. The materials
for the remaining 80 miles to the eastern base of the
tract to be done in September.
4h The net earnings Of the sections already finish
ed are several times greater than the gold interest
upon IAc teoSS Dohuc uPoh ouoh oSS'Aohs,
and if not another mile of the road were built, the
part already completed would not only pay interest
an expenses, but be prof able to the Company.
9th. The Union Pacific Railroad bonds can be issued
only the road progresses, and therefore
be in the market unless they represent bona fde
property.
9Th. Their amount is strictly limited by law to a
sum equal to what is granted by the U. 8. Govern
ment, and for which it takes second lien rs its
curity. This amount upon the first 517 miles west
from Omaha is only $4,000 per mile.
7th. The fact that the U. S. Government consid-
ers second lien upon the road good Investment,
and that some of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (which is to them third lien,
may well inspire confidence in first lien. .'aia
9Th. Although 1t is not claimed that there can be
any better securities than Governments, there are
parties who consider a first mortgage upon such
property as the very best security in the world,
and who sell their Governments to reinvest in these
bonds--thus securing greater interest.
9th. As the Union Pacific Railroad bonds are Offer
ed tor thu present at 90 cents the dollar and
crued interest," they the cheapest security in the
market, being than 10 per cent less than U. s..
Stocks. sid 6as b4ig 59g sE8 3iag.f 5fE
10th. At the current rate of premium ON gold,
tney pay .ata85A8Hs gfyEuD
OUer Niue Per Cent. Interest.
The daily subscriptions already large, and
they viii continue to be received in New York by
the rs saIlV gtt5 .tIIa'Yr ui f.Ilsf4fllI
CONTINENTAL NATIONAL BANK, NOT Nassau St.,
CLARK, DODGE g Co., Bankars, No 81 Wall st.,
JOHN j. CISCO & SON, Bankers, No 80 Wall ST.,
andby BANKS and BANKERS generally through
out the United States, of whom maps and descriptive
pamphlets may be obtained, They will also be sent
by mail from the Companys Office, No 20 Nassau st.,
New York, ON application. Subscribers will select
their own ageuts in whom they have confidence, who
alone will be responsible to them for the safe de-
livery OF the bonds. .f. t &
JOHN j. CISCO, Treasurer,
iIA4 5aQ4d NEW YORK.
4 w. WOOD q SON, are agents Tor the sale Of
the above bonds in this city, june3d&w3m