The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-09-19
sTHH
UNION PACIFIC
RAIL ROAD co.
THEIRFIRST MORTGAGE BONDS
AS an Investment.


ing, with its western connections, unbroken line
across the continent attracts attention to the value
offer to the public. The first question asked by
dent investors is, Are these bonds p" Next,
care they profitable Investment ;" To reply in
brief:
lst. The early completion of the whole great line
to the Pacific is certain any future business
event can be. The Government grant of over twenty
million acres of land and fifty million dollars in its
own bonds practically guarantees it. One fourth Of
the wok is already done, and the rack continues to
I'd. The Union Pacific Railroad S bonds are issued
upon what promises to be ono of the most profitable
lines Of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific: and being without competition, it main
tain remunerative rates.
Sd. 42s miles of this road are finished, and fully
equipped with depots. locomotives, &C., asd two
trains daily running each way. The materials
for the remaining 90 miles the eastern base Of the
Rocky Mountains are on hand, and it Is under con.
tract to be done in September. e9 s
9Th. The net earnings OF the sections already I'm
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 but, the
part already completed would not only pay Interest
sth The Union Pseise Railroad ' bonds cam Be- ,.u
ed only az the road progresses, and therefore can
never be in the market unless they represent bona
9th. Their amount il strictly limited by law to
sum equal to what is granted by the U. 8. Govern
ent, and for which it takes second lien its
rity This amount upon the FIRST SIT miles west from
Omaha is only 5000 per mile.
Eth. The fact that the L. >. Government considers
. second lien upon the road a good Investment and
that Of the shrewdest railroad builders of the
country have already paid in five million dollars upon
the stock which is to them a third lien j. may we'll
inspire confidence in a first lien.
9Th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property this, the best security in the world
and who sell their Governments to re-nvest in these
bonds. thus securing greater interest.
9Th. As the Union Pacific Railroad bonds offer.
ed for the present at 90 cents the dollar and
crued interest," they the cheapest security the
market. being than Is per cent. less than q. X
Stocks.
10th. At the current rate of premium gold.
they pay ros f 5I
OVER NINE PER CENT. INTEREST.
The daily subscriptions are ALREADY large and they
CONTINENTAL NATIONAL BANK, No. Nassau ST..
CLARK. DoDGE 4 CO.., IsANKERs. No. 81 Wall St.
FIRST NATIONAL BANK. RICHMOND.
RICHMOND NATIONAL BANK,
aud by BANKS AND BANKERS generally through
out the United States. of " om maps and descriptive
pamphlets may be obtained They will also be sent
by mail from the Companys Office, No. 20 Nassau
Street, New York, on application. Subscribers will
select their Agents in whom they have confidence
who alone will be responsible them for the safety
of the bonds.
JOHN J. CISCO. Treasurer.
l2m:15l NEW YORK.