Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1867-08-30
THE
UNION PACIFIC RAlLROADC
THEIR FIRST MORTGAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Raj
road, now building west from Omaha, Nebraska
and forming, with its western connections, an
unbroken line across the continent, attracts at
tention to the value of the First Mortgage Bonds
which the company now offer TO the public. The
first question asked by prudent investors is,
4" Are these bonds secure ;" Next, "Are they a
profitable investment To reply in brief:
lst. The early completion of the whole great
line to the Pacific is as certain as any future bu-
siness event can be. The government grant OF
over twenty million acres of land and fifty mil
lion dollars in its own bonds practically guaran-
tees 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 Is
sued upon what promises to be one of the most
profitable lines OF railroad in the country. For
many years il must be the only line connecting
the Atlantic and Pacific; and being without COM
petition, ii maintain remunerative rates
Sd. 425 miles of this road are finished, and
equipped with depots, locomotives, cars, &c, and
two trains are daily running each way. The ma
terials tor the remaining 90 miles to the eastern
base of the Rocky Mountains are on hand, and
ii is under contract to be done in September
4th. The net earnings of the sections already
finished are sereraItiBes greater than the gold in
terest 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
the Company.
9th. The Union Pacific Railroad bonds can
be issued only as the road progresses, and there
lore can never be IN the market unless they rep
resent bona tide property.
| 9th. Their amount is strictly limited by law
to a sum equal TO what is granted by the T. S.
Government, and for which it takes second lien
as its security. This amour; upon the first 5l7
miles west from Omaha is only 900 per mile
| 9TH. The fact that the L. $. Government con-
Sders second lien upon the road good invest
ment, 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
a third lien,) may well inspire confidence in q
| fl. st lien.
Sth Although it is not claimed that there can
| be any better securities than Governments. there
are parties who consider a first mortgage upon
such a property this the very best security in
the world, and who sell their Governments to re-
invest in these bonds-thus securing greater in.
terest.
9th. AS the Union Pacific Railroad bonds are
offered for the present at 80 cents on the dollal
and accrued interest, they are the cheapest secu.
rity 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 are already large, ant
they will continue to be received in New York by
| the
| CONTINENTAL NATL BANK, No. Nassau st.
| CLARK, DODGE & Co., BANKERS, 81 Wall st.
| JNo }. Cisco g. Son, BANKERS, No. 80 Wall st.
and by BANKS AND BANKERS generally
throughout the United States, of whom map;
and descriptive pamphlets may be Obtained
They will also be sent by mail from the Com
pany's Office, No. 20 Nassau Street, New York
on application. Subscribers will select their owl
Agents in whom they have confidence, who alont
will be responsible to them for the safe delivery
the bonds.
JOHN j. CISCO,
Treasurer,
23m3 NEW YORK.