Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-17
The
UNION PACIFIC
RAILROAD CO.
aa
THEIR FIRST MORTGAGE BONDS
AS an Investment.


The rapid progress of the Union Pacific Railroad. .
now building west from Omaha, Nebraska. al
forming, with its western connec ions an unbroken
line across the continen attracts attention to tie
value of the First Mortgage Bonds which the Com
pany now offer to the public. The first question
asked by prudent investors is, Are these bonds
secure 2" Next, Are they profitable invest
mentr' To reply in brief: .''- H
LIST. The early completion of the whole great line
to the Pacific is certain as any future business
event can be-. The Government grant of over twen-
ty million acres of land and fifty million dollars in
its own bonds practically guar antees it. One fourth
of the work is already done, and the track contin
.ues 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 profta-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lantc and Pacific; and being without competition
it can maintain remur erative rates. -.
Sd. 425 miles of this road are finished, aad fully
equipped with dePots. locomotives, cars, &o., and
two trains are daily running eaeh'way. The mate
risls for the remaining 92mles to the eastern base
of the Rocky Mountains on | and, and it is un-
der contract to be done in September.
o4th. The nst earnitgs of the sections already fin
ished Seoerdl times greater than the gold inter-
est upon the First Mortgage Bends upon such Sec
tions, and if not another mile eff tie road were
built. the part already completed would not only
pay interest and expenses but be profitable to the
Company. Al'H
5th. The Union Pacifi, Railroad bonds can be is
sued only the road progresses, and therefore
never be in the market unless they represent bona
81 Jfde property. 7 Is.. -s = = rr-.t"
9Th. Their amount is strictly limited by law to a
sum equal to what is granted by the U. 8. Govern
ment. and for which it takes second lien as its Sc
curity- This amount upon the first SIT miles west
from Omaha is only sIe, 600 per mile ssytz 81 ."
7th. The fact that the U: s. Governmentconsid-
ers second lien upon the road q 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 them third lien)
may well inspire confidence in first lien IF
sth. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first NOR gage upon such q
property as this the best security in the world
and who sell their Governments to re-invest in
these bonds-thus securing gr eater interest
9th. As the Union Pacific Railroad bonds are Of
fered for the present at 80 cents on the dollar and
accrued interest they the cheapest security in
the market. being more than Is per cent less than
q. s. Stocks. 10
10th. AT the current rate of premium on gold,
they pay -rs
Over Nine per Cent. Interest.
The daily subscriptions are already large ard
they will continue to be received in New York by
the
Continental National Bank, No Nassau St.,
Clark, Dodge Co., Bankers. 81 Wall St..
John j. Cisco Son, Fanksrs, No. SO WaIlsu,
AND BY -
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States, of whom Maps and Descrip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Companys Office, No. 90 Mas
sau street, New York. on application. Subscribers
will select there Agents in whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. tf
JOHN CISCO, Treasures, t
New oRK.