The Portland daily press., 1867-08-20
MISCELLANEOUS.
THE
UN 10 N PACIFIC
RAILROAD co.
Their First Mortgage Bonds
.at - As am Investment !

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing with its western connections, an unbroken line
across the continent atrac attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the public he first question asked by pru-
dent investors is, 'Are these bonds secure?" Next
"Are they profitable Investments" To reply in
brief: t-...t l.t. i u4 t.Ia <a
1st The early completion of the whole great line to
the Pacific is as certain any future business event
can be. The Government grant Of over twenty mill
ion acres of land and fifty million dollars in its own
bonds practically guarantees 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 issued
upon what promises to be of the most profitable
lines of railroad in the country. For many years it
must be the only line connecting the Atlantic ami
Pacific; and being without competition it can main
tain remunerative rates.
Sd. 425 miles of this road are finished and fully
equipped with depots, locomotives cars&c land two
trains are daily running each way The materials
for the remaining 92 miles to the eastern base of the
Rocky Mountains are on hand, and it is under con-
tract to be done in September. & ....
Alb. The net earnings of the sections already finish
ed are several times greater than the gold interest
upon the First Mortgage Bonds upon such Sections.
and if not another mile of the road were built, the
pari already completed would only pay interest
an 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 bona fde
property. ~ a4dIf linel e.5
9th. Their amount is strictly limited by law to
sum equal to what is granted by the U. S. Govern
ment, and Tor which it takes second lien rs its Sc.
eurityl fJ,o a.,
from Omaha is only $4,000 per mile. - ,,5i,
7th. The fact that the u. s. Government consid-
ers a second lien upon the road a good investment,
and that Of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (which is to them o third lenl
may well inspire confidence in first lien.
9th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property as the very best security in the world,
and who sell their Governments to renvest in these
bonds-thus securing greater interest.
9th. AS the Union Pacific Railroad bonds are offer
ed for the present at 80 on the dollar and ac
crued interest," they the cheapest security in the
market, being than 10 per less than U. S.
Stocks. r.. .-iE 4..s 3
10th. At the current rate of premium on gold,
they pay $50
OUer Nine Per Cent. Interest.
The daily subscriptions are already large, and
they will continue to be received in New York by
the ..t...s s.... fs, ,tl -t-.tt4
CONTINENTAL NATIONAL BANK, MOI Nassau St.,
CLARK, DODGE g. Co., Bankers, No 81 Wall ST.,
JOHN J. CISCO g. SON, Bankers, No 80 Wall ST.,
andby BANKS and BANKERS generally through
out the United States, ofwhom maps and descriptive
pamphlets may be obtained, They will also be sent
by mail from the Companys 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 TO them for the safe de-
livery OF the bonds. ta
JOHN j. CISCO, Treasurer,
NEW YORK.
W.. II. WOOD q SON, are agents for the sale of
the above bonds i'm this city. iune3d&w 3m