The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-08-15
= e..e THE
I UNION PACIFIC
RAIL ROAD co.
THEIRFIRST MORTGAGE BONDS
AS an Investment. s.
AS an Investment.

TIE rapid progress of the Union Pacific Railroad.
building west from Omaha, Nebraska, and form
ing, with its western connections, unbroken line
the continent attracts attention to the value
of the First Mortgage Bonds hch the Company
offer to the public. The first question asked by pru
dent investors is, Are these bonds secrref Next,
"Are they profitable investment 2" To reply in
brief:
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 twenty
million of land and fifty million dollars in its
own bonds practically guarantees it. One fourth of
the wok is already done and the track continues to
be laid at the rate of two miles day. aa
I'd. The Union Pacific Railroad bonds issued
upon what promises to be one of the most profitable
lines of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific: and being without competition it main
tain remunerative rates.
Sd. AIS miles of this road finished, and fully
equipped with depots locomotives. cars, &C. and two
trains are daily running each way. The materials
for the remaining 81 miles the eastern base of the
Rocky Aountaits hand, and it is under
tract to be done in September.
4'h. The net earnings OF the sections already fin
ished several greater than the gold interest
upon the First Mortgage Bonds upon such sections
ana ii NOT Uliie OF the ROAD were Out tue
part already completed would not only pay Interest
and expenses, but be profitable to the Com,any.
5th. The Union Pacific Railroad bonds be issu-
ed only as the road progresses, and therefore can
never be in the market unless they represent bona
fdc property.
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 its
rty This amount upon the first SIT miles west from
Omaha is only 5000 per mile.
7th The fact that the U. s. Government considers
a second lien upon the road good Investment. and
that some of the ehrewdest railroad builders of the
country have already paid in FIVE million dollars upon
the stock (Which is to them third lienj, may we'll
| inspire confidence in a first lien.
| s,h Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property this, the best security in the world
and who sell their Governments to re-nvest in these
bonds thus securing greater interest. 80
9th As the Union Pacific Railroad bonds are offer
ed for the present at 80 cents the dollar and ac-
crued interest they the cheapest security in the
market being more than 10 per cent less than U. s.
/ Stocks.
| 10th. At the current rate of premium on gold,
they pay go saaan Ee#a A5s VS.
!! OVER NINE PER CENT. INTEREST.
The daily subscriptions already large, and they
| will continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau ST.,
CLARK. DoDGE Co., BANNERS. No. 81 Wall ST.
f RIcMMoND N NA TASNi hi BANK.
/ and by BANKS ANDBANKERS generally through
the United States Of whom maps and descriptive
pamphlets may be obtained. They will also be sent
by mail from the Companys Office, No. 20 Nassau
Street, New York, application. Subscribers will
select their own Agents in whom they have confidence
who alone will be responsible to them FOR the safety
| of the bonds.
JOHN J. CISCO, Treasurer.
.2Sn:15 NEW YORK