Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-31
THE
UNION PACIFIC
RAILROAD co.
Their FIRST MORTGAGE BONDS
As an Investment.

The rapid progress Of the Union Pacific hailrosd
now building west from Omaha, Nebraska, az d
forming, with its western connec ions an unbroken
line across the continen attracts attention to q
value of the First Mortgage Bonds which the Gem
pany now offer to the public. The first question
asked by prudent investors is, ''Are these boLds
secure? ?" Next. Are they profitable invests
mentP' To reply in brief: -" . 49, 4
1st. The early completion of the whole great lire
to the Pacific is as certain any future business
event can be. The Government grant of over TIVE n
ty million of land and fifty million dollars in
its own bonds practically guarantees it, One fourth
of the work. already done. and the track contin
ues to be laid at the rate of two miles a day.
. 2d. 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 Pacifci and being without competitioni
1t can maintain remup erative rates. ..s go. j
81. 425 miles of this road are finished, and fully
equipped with depots. locomotives, cars &c :, and
two trains are daily running each way The mate
rials for the remaining 90 miles to the eastern base
of the Rocky Mountains sre on and, and it is nm
der contract to be done in September. :.
4th. The net earnings of the sections already fin
shed are several times greater thsn the gold inter-
est upon the First Mortgage Bonds upon such Sec
tions, and if not another mile Ct tie road were
pay interest and expenses. but be profitable to the
Company. "t'ii tIf4. y aiil
5th. The Union Pacific Railroad bonds can be Is
sued only as the road progresses and therefore can
never be in the market unless they represent bona
tide property.
9Th. Their amount is strictly limited by law to
sum equal to what is granted by the o. s. Govern
ment and for which it takes second lien as its Sc
curity-. This amount upon the first 5l7 miles west
from 0mahais only $4,000 permile. 10. -
7th. The fact that the U. s. Government consid-
ers second lien upon the road good investment.
and that some of the shrewdest railroad builders Of
the country have already paid in five million. dol
lars upon the stock (Which is them q third ien)
may well inspire confidence in first lien sd
9Th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first NOR gage upon such .
property as this the very best security in the world
and who sell their Governments to re-inyest in
these bonds-thus securing crater interest s,i
9Th. As the Union Pacific Railroad bonds are Of
fered for the present at 80 cents the dollar and
accrued interest they the cheapest security in
the market, being more than Is per cent less than
q. s. Stocks. iIet
10th. At the current rate of premium on gold
they pay ]" 2'lt
7 Over Nine per Cent. Interest.
ho SuooCIlPeOnS are dJrtdQy LARGE ana
they will continue to be received in New York by
the --t. .-.- T.. !
Continental National Bank, No 7Nassau ST.,
+ Clark, Dodge & Co., Bankers. 81 Wall St..
John ]. Cisco 6 Son, Rankers, No. SS Wall ST.,
i, AND BY
RICHLY & 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 Company's 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. -
JOHN }. CISCO, Treasurer,
So ai Ia- NEW oRK.
msy90-d -daw3m- auqle-ins