The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-08-17
OTTAWA FREE TRADER: SATURDAY, AUGUST II 1867. '7
Nem ADVERTISEMENTS.
TJlHE UNION PACIFIC RAILROAD co.
FIRST MORTGAGE BONDS
AS AN INVESTMENT. .rl

Ths rapid progress OF the Union Pacific Railroad
building from Omaha, Nebraska and forming with its
connections unbroken line across the continent
attracts attention to the value othe Fhst Mortgage Bonds
which tn. Company offer the public. The first ques.
ton asked by prudent Are these bonds secure
Next "Ars they profitable investment" To reply in
brief:
1st The early completion CT the whole great line to the
Pacific certain any future business event be- The
grant of twenty million of land and
fifty million dollars in Its bonds practically guarantees
it, One fourth Of the work already DONE and the track
continues to be laid at the rate Of two miles a day.
ID The Union Pacific Railroad bonds are issued upon what
promises to be the most profitable lines of railroad in
the country For many years II must be the only
meeting the Atlantic and Pacc and being without sonpeti.
ton, it can retain remunerstive rates.
3d. 42j miles of this road finished and fully equipped
with depots locomotives cars &C. and trains are daily
running each way The materials for the remaining % miles
to the eastern base the Rocky Mountains hand
it is under contract to be dsne in September.
ih The net earnings of the already finished are
rero timex greater than the gold interest upon the First
Mortgage Bonds upon such sections and not another mile
ofh road were built the part already completed would not
only pay interest and expenses but be profitable the
Company.
5h The Union Pacific Railroad bonds can be issued only
pFogreasts anu therefore can be the
market unless they represent a bona fd. property.
9th Their amount is strictly limited by TO a sum equal
to what is granted by the u s. Government and for which
it takes cod lien its security This amount upon the
first 5l7 miles from Omaha only 900 per mile.
9TH The fact that the u s. Government considers second
iea upon the road good investment and that Of the
srewd railroad builders Of the country have already paid
in five million dollars upon the stock (which is them
third LEM may well inspire confidence in first lien
s Although not claimed that there be any better
securities than Governments there parties who consider
first mortgage upon such property this the very best
security in the world and who sell their
in, in these bonds-hus securing greater interest
9Th. As the Union Pacific Railroad bonds offered for
the present 80 cents the dollar and accrued interest
they the cheapest security In the market being
| than IS per cent less than u. s. Stocks. s...5
10Th At the current rate Of premium gold they pay
Over Nine Per Cent Interest.
The daily subscriptions already large, and they will
continue to lie received in New York by the
CONTINENTAL NATIONAL BASK, No. Nassau ST.,
CLARK, DoDGE Co. BANKERS, 81 Wall St.
JoHS J. Cisco Son. BANKERS, No. 80 Wall st.,
and by BANKS AND BANKERS generally throughout the
United States Of whom maps and descriptive pamphlets may
be obtained They will also be sent by mail from the Com.
panys oce No. 20 Nassau Street. New York On application
Subscribers will their Agents whom they
confidence who alone will 10 repon ble them for the
safe delivery Of the bonds JOHN j. CISCO Treasurer
NEW YORK.
Subscriptions received at the NATIONAL CITY BANK
Ottawa. june S, BIN sp.