Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-29
e. THE :
Union PACIFIC
RAILROAD CO.
THEIR FIRST MORTGAGE BONDS
AS an Investment.
AS an Investment.

The rapid progress of the Uniop. Pacific Railroad,
now building west from Omaha, Nebraska, and
forming. with its western connec ions an unbroken
line across the continen attracts attention to the
value of the First Mortgage Bonds which the Cou-
pany now offer to the public. The first question
asked by prudent investors is, Are these bonds
secure ?' Next, Are they q profitable invest-
mentP' To reply in brief: a.-,.lrt--..o
lst. The early completion of the whole great line
to the Pacific is as certain any future business
event can be. The Government grant of ertwen-
ty million of land and fifty million dollars in
its own bonds practically it, One fourth
of the work is already done, and the track contin
2 ues to be laid at the rate of two miles a day.
sd. The Union Pacific Railroad bonds are issued
upon what promises to be ore of the most profta-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lantic and Pacific: and being without competition
it can maintain remur erative rates.
3D.. 425 miles of this road are finished, aad fully
equipped with depots, locomotives, cars, &c, and
two trains are daily running each way. The mate
rials for the remaining 80 mile TO the eastern base
of the Rocky Mountains sre onl and, and it is nm
der contract to be done in September.
4th. The net earnr gs Of the sections already fin
ished ssueraI times 0roater thsn the gold inter-
est upon the Fir.t Mortgage Bonds upon such Sec
tions. a0d if not another mile If tie road were
built. the part already completed would not only
pay interest and expenses, but be profitable to the
Company. ..-...-. .,;-
5th. The Union Pacif, Railroad bonds can be Is
sued only as the road progresses and therefore
never be in the market unless they represent bona
fde property. .4 -. ..r
9th. Their amount is strictly Ii tied by law to
sum equal to what is granted by the q. S. Govern
ment. and for which it takes second lien its Sc
curity. This amount upon the first 5l7 miles west
from Omaha is only $ls. 900 per mile. 10
9. 7th. The fact that the u. S. Government consid
ers a second!ien upon the road good investment
and that some of the shrewdest railroad builders
the country have already paid in five million dol
lars upon the stock (Which is them third lien)
NAV well inspire confidence in first lien.
sth. Although it is not claimed that theie can b.
parties who consider first gage upon such
property as this the very best security in the world
and who sell their Governments to re-invest il
these bonds-thus securing gr ater interest.
% 9Th. As the Union Pacific Railroad bonds are of
fered for the present at 80 cents on the dollar anS
accrued interest they the cheapest security i,
the markel, being more than Is per cent less thai
o. s. Stocks.
10th. At the current rate OF premium on gold
they pay .,--. -.t
Over Nine per Cent. Interest.
The daily subscriptions are already large, anS
they will continue to be received in New York b,
the s. ~
Continental National Bank, No z Nassau ST.,
Clark, Dodge Co.. Bankers 81 Wall St..
John ]. Cisco Son, Bankers, No. 80 Wall ST.,
AND BY nj -.r.-.t
RICKLY & BRO, Columbus, Ohio
And by yBANKS and BANKERS generally through
out the United States. of whom Maps and Descrip
tive Pamphlets may be obtained. They will also b,
sent by mail from the Company's Office, No 90 Mas
sau street. New York, on application. Subscriber
will select there Agents in whom they have con
fdence. who alone will be responsible to them fo
the safe delivery of the bonds. Fl, 80 :. -
JOHN J. CISCO, Treasurer,
NEW oRK.
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