Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-09-04
s. THE
UNION PACIFIC
RAILROAD co,
THEIR FIRST MORTGAGE BONDS
As an Investment.

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The rapid progress Of the Union Pacific kailroad
now building west from Omaha, Nebraska, ard
forming, with its western connec ions, an 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 p Next Are they a profitable invest.
mentr' To reply in brief: aHa .H7t
LIST. The early completion Of the whole great line
to the Pacific is certain as any future business
event can be. The Government grant of over twen-
ty million acres 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. =
sd. 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
lantic and Pacific; and being without competition:
it can maintain remun erative rates ~, -.
81. 425 miles of this road are finished, and fully
equipped with fepots. locomotives cars &c., and
two ,trains are daily running each way The mate-
rials for the remaining 80 miles to the eastern base
of the Rocky Mountainsare on and, and it is. un-
der contract to be done in September. .. .sg
4th. The net earnings of e essctions already fin.
ished are severdl times great thsn the gold inter-
est upon the First Mortgage Bonds upon such sec-
were
built. the part already completed would not only
pay interest and expenses but be profitable to the
Company. zttt rsa.s.-G 5usil -r.
5th. The Union Pacific Railroad bonds can be Is
sued only the road progresses and therefore can
never be in the market unless they represent bona
fde property. 't. ''st bluc9 E..'1 d. j. Q.
9Th. Their amount is strictly limited by law to a
sum equaltowhat is granite ed by the q. 8. Govern
ment and for which it takes second lien as its Sc
ri g. r1ry
from Omaha is only $is, 900 per mile. 1' ''..-
7th. The fact that the u s. Government con.id.
ers second lien upon the road good investment
and that some Of the shrewdest railroad builders Of
the country have already psid in five million dol
lars upon the stock (Which is them q third lien)
NAV well inspire confidence in a first lien.
9Th. Although it is not claimed that there can be
any better securities than Governments, there arr
parties who consider first uor gage upon such
property as this the very best security in the world
and who sell their Governments to re-invest in
these bonds-thus securing gr alter interest F
9th. AS the Union Pacific Railroad bonds are of.
fered for the present at 80 cents on the dollar and
accrued interest they are the cheapest security in
the market. being more than Is per cent. less than
q. s. Stocks. y II ...,i " .-T .5aeyf M
10th. At the current rate of premium on gold
'ney pay -- f-.Hut. .rofa lJ5'-f
Over Nine per Cent. Interest. p
The daily subscriptions are already large. and
ttey will continue to be received in New York By
the .-
Continental National Bank, No. Nassau S.,
Clark. Dodge Co.. Bankers. 81 Wall St., Z
John ]. Cisco Son, Rankers, No. SO Wall 81,
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 Of6ce, No 90 Mas
sau street. New York. on application. Subscribers
will select there own Agents in whom they have con-
fdence. who alone will be responsible to them for
the safe delivery of the bonds. y q -lfi,fl -
JOHN }. CISCO, Treasurer, ib
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