The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1867-09-13
onion Pacific Rail Roas.
THE UNION PACIFIC
Railroad Company.
THEIR FIRST MORTGAGE BONDS
AS AN INVESTMENT.

AS AN INVESTMENT.
The rapid progress of the Union Pacific Railroad,
nov building west from Omaha, Nebraska, and form.
ing with its western connections, unbroken line
scross the continent attracts attention to the value
of the First Mortgage Bones which the Company
now oIsr to the public. The Hrst question asked BY
prudent investors is, "Are these bonds secureS
Next, ~Are they profitable investment" To reply
a brief:
LIST. The early completion o. the whole great line
10 the Pacific is as certain any future business
ever can be. The Cover Dment grant OF over twenty
million scres Of land aud fifty million dollars in its
own bonds practically guarantees il. One fourth
the work is already done, and the track continues to
be laid at the rate of two miles q day.
2d. The Union Pacific Railroad bonds are issued
upon what promises to be the most profitable lines
ra-road in the country. Fer msny years it must be
the only line connecting the Atlantic and Pacific;
and being without competition, It can maintain re-
nunerstiTe rates.
Sd. AS miles of fhis road are finished, and fully
equipped with depsts, locomotives. ears, &C., and
two trains running daily each way. the materi-
ais for the remaining 90 miles to the east N base Of
the Rocky Mountains on hand, and it is under
contract 10 be done in September.
4ih. The net earnings of the sections already 6n-
shed are several times greater than the gold inter
est upon the First Mortgage Bonds upon such sec
tons aud not another mile Ofroad we're built, the
part already completed would not only pay interest
and expenses, but be profitable TO the G mpany.
9th. The Union Pacific Railroad bonds can be is
sued only the road progresses and therefore can
meyer be in the market uDless they represent bona
6de property.
9th. The amount is strictly limited b.. law to sum
tqaal 10 what is granted by the U. S. Government
tnd for which it takes second lien as its security
This amount upon the FIST 5l7 miles west from o
nsha is only $4,000 per mile
7tb. The fact that the O. s. Government cOnsiS-
ers a second lien upon the read 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 licn), may
well inspire confidence in the first lien.
sth. Although it is not claimed that there eau be
any better securities than Governments, there are
parties who consider first mortgage upon such
property this the very bsst security in the word
and who sell their Governments 10 re-invest in there
bonss-thus securing greater interest.
9th. The Union Pacific Railroad bonds are offered
or the present at 90 cents the dollar aud accrued
iutercst, SO they the cheapest security in the
market, being more than is per cent. less than U
Stocks.
10th At the current rate OF premium on gold, they
pay
OVER NINE PER CENT. INTEREST.
rha daily suhsori are already large and they
will continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau st.
CLARK, DODGE & Co., BANKERS No. 81 WsllSt,
JoHN J. Cisco L. Son, BANKEEs, No. SO Wall St,
and by 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 CompSny's Office, No. 20 Nassau ST.
New York, on application. Subscribers will select
their own Agents in whom they have confidence, who
alone will be responsible for the safe delivery of the
binds. JOHN J. CISCO, TREASURER,
80. NEW YORK.