Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-08-24

L Fl Il
UNION PACIFIC
RAILROAD COMPANY,
FIRST MORTGAGE BONDS
AS AN INVESTMENT.
THE rapid progress oftho Union Pacific Railroad
now building west from Omaha, Nebraska, and form
ing, with its western connections, an unbroken line
the continent attracts attention to the valuo
of the First Mortgage Bonds which the Company now
offer to the public. The first question asked by pru
dent investors is, "Are these bonds secure?" Next
"Are thoy profitable Investment? ?" To reply in
brief: .........
LIST. The early completion of the whole great line
to the Pacific is as certain as my future business
event can be. The Government grant of over TWEEN
ty million acres of land and fifty million dollars in
its own bonds practically guarantees it, One fourth
Of the work is already done and the track continues
to be laid at the rate of two miles n day.
ID Tho Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
lines ofrailroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition it can
maintain remunerative rates
3D. 425 miles of this road are finished, and fully
equipped with dopots, locomotives cars, &c. and
two trains daily running each way. The mate
of the Rocky Mountains hand, and il is under
contract to be done in September.
4th. The net earnings of the sections already fin
shed 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 tho
part already completed would not only pay interest
and expenses, but be profitable to the Company.
5th The Union Pacific Railroad bonds can be is
sued only the road progresses, and therefore
never be in the market unless they represent bona
fde property
~ Tla;~a l.,
sum equal to what is granted by the U. s. Govern
ment, and for which it takes second lien its Sc
curity. This amount upon the first 5l7 miles west
| from Omaha is only SIG 900 per mile.
7th. The fact that the U. S. Government considers
second lien upon the road good investment
and that somo of the shrewdest railroad builders of
the country have already paid in five million dollars
upon the stock (Which is to them third len), may
well inspire confidence in first lien.
Sth. Although it is not claimed that there be
any better securities than Governments, there arc
| parties who consider u first mortgage upon such
property rs this the very best security in the world
and who sell their Governments to rcnycst in these
! bonds-thus securing greater interest.
9th. As tho Union Pacific Railroad bonds are Of
fcred for the present at 80 cents the dollar and
crued interest," they the cheapest security in tho
market being more than Is per cent less than U. s.
Stocks.
10th. At the current rate of premium on gold they
| pay
Over Nine Per Cent. Interest,
The daily subscriptions are already large and they
| will continue to be received in New York by the
CosrISHsrAL NATIONAL BANK, No. Nassau st.
CLARK, DoDGE Co., BASKKRs, No. 81 Wall ST.,
JoHs ]. Cisco Sos, BANKERS, No. 33 Wall 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 be
sent by mail from the Company's Office, No 20 Mas
ssu Street, New York, on application. Subscribers
will select their Agents in whom they have con-
dence who alone will be responsible to them for the
safo delivery of the bonds.
JOHN J. CISCO,
Treasurer,
| NEW YORK
| June %, lS67,-3m