The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-08-15
THH
UNION PACIFIC
Railroad Co.
Their First Mortgage Bonds !
As An Investment.
.T.HT1

The rapid progress of the Union Pacific
Nebraska, and forming, with its western con-
nections, an unbroken line across the conti-
nent, attracts att ntion to the value of the
First Mort gage Bonds which the Company
now offer to the public. The first question
asked by prudent investors is. care these
bonds secure2'' Next, "Are they profitable
investment?'' To reply in brief:
1st. The early completion of the whole great
line to the Pacific is as certain as any future
business event can be. II Governm ent grant
of over twenty million acres of land and fifty
million dollars in its own bonds practically
guarantees it. One fourth of the work is al
ready done, and the track continues to be laid
at the rate of two miles day.
Cd The Union Pacific Railroad bonds are
issued upon what promises to be one of the
most profitable lines of railroad in the coun-
try. For many years it nust be the only line
| connecting the Atlantic and Pacific; and be
ing without competition it can maintain
muneratite rates
81 425 miles of this road q finished, and fully
equipped with depots, locomotives ears. &c,
| and two trains are daily running each way
The materials for the remaining % miles to
| the eastern base of tlfe Rocky Mountains are
on hand and it is under contract 10 be done in
September.
4th. The net earnings of the sections already
| finished 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 part already COM
pleted would not only pay interest and ex-
penses, but be profitable to tire Company.
5th The Union Pacific Railroad bonds can
be issued only as the road progresses, and
therefore can never be in the market unless
| they represent a bona fide property
9th. 7 heir amount is strictly limited by law
tot sum equal to what is granted by the U. S
Government, and for which it takes lien as
its security. This amount upon the first 81
miles west from Omaha is only SIG 900 per mile
7th. The fact that the U. S. Government con
siders second lien upon the road good in
vestment, and that some of the shrewdest rail
road builders of the country have already pait
| in five million dollars upon the stock (Which
is to them third lien), may well inspire CON.
fdence in first lien.
| 9Th. Although it is not claimed that there
can be any better securities than Governments
there are parties who consider a first mortgage
upon such property as this the very bestse secur.
| lty HI tuC WOIlu, anu WAO Sell tlcIT 0ONcTu-
ments to re-inyest in these bonds thus secur-
| ing greater interest.
9Th. AS the Union Pacific Railroad bond:
are offered for the present at 90 cents ON the
dollar and accrued interest, they are the cheap
est curity in the market, being more than II
per cent. less than U. S Stocks.
10th. at the current rate of premium on gold
they pay
| OUer Nine per Cent. Interest.
The daily subscriptions are already large
and they will continue to be received in New
York by the
| CONTINENTAL NATIONAL BANK, No. 7 Nassau ST.,
CLARK, DODGE & Co.. BANKERS, 81 Wall ST.,
JOHN j. CISCO / Co, BANNERS, No 33 W all St,
and by BANKS 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 20 Mas
J sau Street, New York application. Subscriber
. will select their own agents in whom they have con
fdence, who alone viii be responsible to them fo
the safe delivery. of the bonds.
JOHN j. CISCO. Treas.
Subscriptions taken at the First Nationa
! | l. Cnr, duck 9r,