The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-09-05
UNION PACIFIC
Railroad Co. s~7
Their First Mortgage Bonds!
As An Investment.

The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming. with itszwestern con. :
nections an unbrOken line across the conti-
nent, attracts att ntion to the value of tho
First Mort gage Bonds which the Company
now offer to the Bile. The first question
asked BY prudent estsrs is, Are these
bonds secure9'' Next, "Are they profitable
investment2'' To reply in brief: .s
fst. The early completion of the whole great
line to the Pacific is as certain as any future
business event can be. TIE Governr ent grant
of over twenty million acres of land and fifty
million dollars in its own bonds practically!
guarantees IT, One fourth of the work is al
ready done, and the track continues to be laid
at the rate of two miles day.
I'd. The Union Pacific Railroad bonds are
issued upon what promises to be one of the
most profitable lines of railroad in the eoun-
try. For many years it must be the only line
connecting the Atlantic and Pacific; and be-
ing without competition, it can maintain re-
munerative rates.
Sd. 425 miles of this road finished, and fully
equipped with depots, locomotives, cars &C.,
and two trains are daily running each way
The materials for ths remaining 90 miles to
the eastern base of the Rocky Mountains are
September.
4th. The net earnings of the sections already
finished 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, the part already COM
pleted would not only pay interest and ex-
penses, but be profitable to tie Company.
5th. The Union Pacific Railroad bonds can
be issued only the road progresses, and
therefore can never be in the market unless
they represent a bona dde property.
9Th. ] heir amount is strictly limited by law
to sum equal to what is granted by the U. 8.
Government and for which it takes a lien as
its security. This amount upon the first SIT
miles west from Omaha is only $40 600 per mile.
7th. The fact that the Z. S. Government con-
siders second lien upon the road a good in.
! vestment. and that some of the shrewdest rail-
| road builders of the country have already paid
| in five million dollars upon the stock (Which
| is to them a third lien) may well inspire con-
| fidence in first lien.
sth. Although it is not claimed that there
| can be any better securities than Governments
| there are parties who considerfa first mortgage
upon such property as this the very best secur-
| ity in the world. and who sell their Govern :
| mentS to re-ipvest in these bonds thus secur-
| ing greater interest. =
9th. AS the Union Pacific Railroad bonds
| are offered for the present at so cents on the
| dollar and accrued interest they are the cheap.
est security in the market, being more than II
] per cent less than U. S Stocks.
10Th At the current rate of premium on gold
they pay .st-
| CUe1' Nine per Cent. Interest.
The daily subscriptions are already large
and they will continue to be received in New
RI York by the - =
CONTINENTAL NATIONAL BANK, No. Nassau St.,
RI CLARK DODGE & Co., BANNERS, 81 Wall ST.,
JOHN J. CISCO Co., 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 b
sent by mail from the Company's Office, No &c Mas
sau Street, New York application. Subscriber
will select their own agents in whom they have con
fdence, who alone will be responsible to them fo
: the safe delivery of the bonds.
JOHN J. CISCO. Treas.
Subscriptions taken at the First Nationa
; Bank, Upper Sandusky, Ohio. jl11-3m