Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-26
THE
THE
union PACIFIC
RAILROAD co,
THEIR FIRST MORTGAGE BONDS
AS an Investment.

The rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebraska and
forming, with its western connections, unbroken
line across the continen attracts attention to the
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 ?" Next. Are they a profitable invests
ment? ?" To reply in brief: %
LIST. The early completion Of the whole great line
to the Pacific is as certain as any future business
event can be. The Government grant of over twen-
ty million of land and fifty million dollars in
its own bonds practically it. One fourth
of the work is already done, and the track contin
ues to be laid at the rate of two miles day.
2d. The Union Pacific Railroad bonds are issued
upon what promises to be oae of the most proita-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lsntic and Pacific; and being without competition
it can maintain remur erative rates.
Sd. 425 miles of this road are finished, and fully
equipped with cepOts, locomotives, care &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 un-
der contract to he doue in September.
4th The net earni gs Of the sections already I'm
ished seuerdl times greater then the gold inter-
est upon the First Mortgage Bonds upon such Sec
tions, and if not another mile Cf tie road were
built. the part already completed would not only
pay interest and expenses, but be profitable to the
Company.
5th. The Union Pacif, Railroad bonds can be is
sued only the road progresses, and therefore
never be in the market unless they represent bona
tide property. a-+- -.lt
9th. Their amount is strictly Ii n tied by law to
sum equal towhat is granted by the o. S. Govern
ment. and for which it takes second lien its Sc
curity. This amount upon the first 517 miles west
from Omaha is only sic. 900 per mile. 4 .f5d
7th. The fact that the u. s. Government consid-
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 10 them third len).
may well inspire confidence in a first lien.
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 this the very best security in the world
and who sell their Governments to re-invest in
these bonds-thus securing gr ater interest.
9th. AS the Union Pacific Railroad bonds are Of
fered for the present at 80 cents the dollar and
accrued interest they are the cheapest security in
the market. being than Is per cent. less than
U. s. Stocks.
10th. At the current rate of premium on gold,
they pay ..r sa.
Over Nine per Cent. Interest.
The daily subscriptions are already large and
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, Eankers, No. SO Walls
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 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 J. CISCO, Treasurer,
NEW YORK.
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