The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1867-08-30
General .4dperttSenae cuts.
The Union Pacific Railroad Co,
Thor First Mortgage Bonds

Their First Mortgage Bonds
AS AN INvESTMENT T.
Tho rapid progress OF the Union Pacific Rail.
road, now building west from Omaha. Nebraska
and forming, with Its western connections, an I'M
broken line across the continent. attracts atten-
ton to tho value OF tho First Mortgage Bonds
which tho Company now offer to tho public. Tho
first question asked by prudent investors Is, "Are
these bonds secure |" Next, Are they prohta.
bio investment !" To reply In briefs
let. Tho early completion OF tho whole great
line 10 the Pacific 10 a. certain rs any future bust.
ness event can be. The Government grant OF over
twenty million acres Of land and my million
dollars In its own bonds practically guarantees
u. One fourth OF the work is already done, and
the track continues 10 DO laid at the rate OF two
miles day.
ID. The Union Pacific Railroad bonds arc Issued
upon what promises TO DO the mort profitable
lines OF railroad In the country. For many years
Il must be the only line connecting tho Atlantic
and Pacific and being without competition. II can
MAINTAIN remunerativo rates.
ID 4a5 miles Of this road arc finished. and fully
equipped with depot, locomotives. cars. &C., and
two trains arc daily running each way. The ma.
base OF tho Rocky Mountains are on hand, and II
is under contract to be done In September.
9TH The net earnings Of the sections already
finished are several m,s greater than tho gold In
terest upon the First Mortgage Bonds upon such
sections and II not another mile OF the road we're
built, the part already completed would not only
pay interest and expenses but DO profitable to
the Company.
9Th. The Union Pacific Railroad bonds can DO
Issued only as the road progresses, and therefore
can never he In the market unless they represent
. borafd, property.
9Th. Their amount IL strictly limited by law 10
= sum equal Ia what Il granted by the U. 8. Gov.
eminent, and for which II takess sseond lien -
Its security. This amount upon tho first 5l7 miles
west from Omaha is only $4,000 per mile.
9Th. The fact that the U 3. Government eonsid.
ers o second lien upon the road good Investment
and that some OF the shrswdest railroad builders
OF the country have already paid IN I've million
dollars upon tho stock (Which 4, to them . third
LEM may we'll inspire confidence In FIRST lien.
9Th. Although 10 10 not claimed that there can
DO any better securities than Governments, there
are parties who consider . first mortgage upon
such q property ~ this the very best security In
tho world. anu VINO toh tneir uoEernmcuts 70 TO-
invest In these bonds-thus securing greater In
tsrest 20 r
9th. As tho Union Pacific. Railroad bonds are
offered for the present at 20 cents on the dollar
and accrued interest. they are the cheapest secur
ty in the market being more than IS per cent less
than U. 4. Stocks.
10th. At the eurrsst rate Of premium on gold,
they pay
Over Nine per Cent. Interest.
The daily subscriptions are already large, and
thoy will continue 70 DO received In Ne" YORK by
the ..FH
CONTINENTAL NAriosAL BASE, No. Nassau 81,
CLARK, DoDGs q Co.. BAHkERs No.si Wall 81
Joux ]. Cisco q Sos. BAskERs, No. ID Wall 81.
and nv BANKS AND BANKERS generally
throu xhout the United states, Of whom maps and
descriptive pamphlets may bs obtained. They
viii also he sent by mail nom the companys
oo,es, No. - Nsssau Street, New York, on appli.
cation. Subscribers will reject their own Agents
in whom they have confidence. who alone will be
responsible TO them for the safe delivery Of the
bonds.
l.lmSI NEW YoRK.