The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1867-08-21
s grHHE {
UNION PACIFIC
Rail Road Company
THE
THEIR FIRST MORTGAGE BONDS
AS an Investment

- ..LM
The rapid progress Of The Union Pacific
Railroad, nov building west. fromJQmaha,
Nebra. ka, and forming, with It's western oon-
nections, OF unbroken line across the conti-.
nent, attracts attention 10 the value Of the
First Mortgage Bonds which the Company
now offer to the public. The first question
asked by prudent investors Is "Are those
bonds secure 2" Next, .Are they q profits.
inyesementi" To reply in brief:
LIST. The early o:mpleting Of the vhGaP
great line 10 the Pacific Is as certain as any
future business event can be. The Govern
ment grant Of over twenty million acres Of
land and atty n illion dollars iu its wi honda
practically guarantees II. One fourth Of the
work is already done and the track continues
10 be laid OF the rite Of two miles q day.
2. The Union Pacific Railroad bonds are
issued upon what promises 10 be ono Of the
most profitable lines Of railroad in the coun-
try. For many years 1t must be the only
line connecting the Atlantic and Pacific; and
being without competition. 1t can maintain
renumerative rates, ~
3D.. 425 miles Of this road are finished,
and fully equipped with depots, locomotives,
cars, &c., and two trains are daily running
each way. The materials for the remaining
90 miles 10 the eastern base Of the Rocky
Mountains are on hand, and II is under con-
tract to be done in September.
4th. The net earnings Of the sectians ali
ready finished are several times greater than
the gold interest upon the First Mortgage
Bouds upon such sections, and II not another
mile of the road were built, she part already
completed would not only pay interest and
expenses, but be profitable TO the Company.
9th. The Union Pacific Railroad bonds can
be issued only as the road progresses, and
therefore can never be in the market unless
they represent q bona fde property. :
9Th. The amount is strictly limited by Lave
10 q sum equal to what is granted by the u.
s. Government, and for which it takes a SEQ.
ond lien as security. This amount upon the
first 81 miles west from Omaha is only SIG,
900 per mile. 49,
7th. The fact that the U. g. Government
considers o second lien upon the road o good
investment, and that some Of the shrewdest
railroad builders Of the country have already
paid in FIVE million dollars upon the stock
\WulCu ID W tl6m U thiru h0htl moJ WVh tnl
spire confidence in q first lien.
9Th. Although 1t is not claimed that there
can be any better securities than Govern.
ments, there are parties who consider o first
mortgage upon such q property as this tho
very lest security in the world, and who sell
their Goverments'to re-invest in these bonds
thus securing a greater interest.
9th. As the Union Pacific Railroad bonds,
are offered for at the present at % cents on
the dollar and accrued interest, they are the
cheapest security in the market, being more
than 10 per cent. less than u. s. Stocks.k
10th. At the. current rate Of premium on
gold, they pay a.
Over Nine per Cent. Interest.
Subscriptions will be received in New York
by the
CoNTiNnNTAL NAT. BANK, No. Z Nassau.
St, CLARK, DoDGB 4 Co, BANKERS, 81 WIN
ST., JoHs j. Cisco . Son, BANKERS, No. 3
Wall ST.,
and by BANKS AND BANKERS generally
throughout the United ststeS, Of WHOM maps
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 viii Sc.
lect their own Agents in whom they have
confidence, who alone will be responsible 70
them for the safe delivery Of the bonds.
JOHN ]. CISCO,
Treasurer, ,
NEW YORK
Sm 81.