Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-08-23
TIE UNION
PACIFIC RAILROAD CO.
THEIR FIRST MORTGAGE BONDS
As an Investment.

THE rapid progress Of the Union Pacific Rail
road, now building west from Omaha. Nebraska
and forming, with its western connections, an ua
broken line across the continent, attracts atten
ton to the value of Il c Frrt Mortgage Bend.
which the Company now Offer to the public. The
first question asked by prudent investors is, Are
these bonds secure Z" Next, care they profitable
investmen, = To reply in brief
LIST. The early completion OF the whole great
hne TO the Pacific is'as certain any future bust
ness event can be. The Government grant Of over
twenty million acres of Land aud fifty million dol
lars Ia its own bonds practically guarantees it,
One fourth Of the work is already done and the
track continues 70 be laid at the rate Of two miles
q day.
I'd. The Union Pacific Railroad bonds arc issued
upon what promises 10 be one Of the most proitt
bic OF railroads in the country, Ter many We. rs it
must be the only line connecting the Atlantic and
Pacific and being Without competition, it eaa
maintain remunera.ive rates.
Sd. AS miles of this road are finished ard iul!y
equipped with dcpots, locomotives, cars, &C. and
two trains. are daily running each way. The mat
serials for the remaining " miles to the eastern
base of the Rocky Mountains are On hand, and it
is under contract to be done il September.
attn. The net earnings of the sections already
terest upon the first Mortgage Bonds upon such
section and if moi other mile Of the read were
bniit, the part already completed would not only
pay interest and expenses, but be profitable 10 TIE
Company.
5h. The Union Pacific Railroad bonds can lie i
sued only the road progresses, and therefore
can never be in the market unless they re>.eseHt
bonHa fide property.
9Th. Their oun, is strictly limited by law to
sum equal 10 what is granted by the L. :. Govern
mcnt and for which it takes second lien as its &c
curlty. This amour; upon the first 5l7 miles west
from Omaha is only $4,000 per mile,
.th. The fact that the [. :. Government cou>id-
e-s a second lien upon the road eeaJ investment
and that some of the shrewdest railroad builders
of the country have already paid n live million
dollars upon the stock (which ia to them Il third
len, may wei inspire confidence in first lien.
s5h Although it is not claimed that there can be
any better securities than Governn ehts, there
parties who consider a first mortgage upon such
property as this the very best security in the
world, and who !seH their Governments 10 rein
vest in these b9uds-thus securing a greater III
tcrest.
Oh. As the vson Pacific Railroad bonds are Of.
fered for the present at 20 cents the dollar and
accrued interest, they the cheapest security in
L. :. Stocks.
10th. At the current rate of premium gold,
they pay
.vE.vE PER CENT. INTEREST.
The daily subscriptions are already large, and
they Will continue to be received IL New YorA by
tae
CONTINENTAL NATIONAL BANE, No. Nassaus :,
CLARK, DopGE & Co, BANNERS, 81 Wall -,
john j. CISCO & son, BANKERS, 33 Wall St,
ana by BANKS AND BANKER, generally through.
ont the United states, Of whom maps and descrlp-
tive pamphlets may be obtained. They Will also
DC sent By mali from the Gompany's Office, No. 70
Nassau street, New York, application sub
scribers will select their gents in whom tney
have confidence, who alone will be responsible to
them for the safe delivery Of the donds.
JOHN j. CISCO,
Treasure,
sm20 NLW YORK.