Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1867-08-30

T III E
UNION PACIFIC
RAIL ROAD co.
THEIR FIRST MORTGAGE BONDS
AS an Investment.
II il j


.THB rapid progress Of the Tnion Paollo Railroad,
nBT building west from Omsha, Nobraaka, ald
forming with It's western eouneotonss en- unbra-
ken line across the continent attracts attention %
tic value or the First Mortgage Bonds which the
Company now offer 70 the public. The hrHa quen-
asked BY prudent investors is ,"Are these bonds
secure q'' Next. tArs ahey a profitable inTesi-
mentfs To reply in brief;
list The carly com pletiop Of the whole great
line TO the Pacific certain as any future husi-
ness event can be. The Government grant Of over
twenty million acres or land aud City million doh
lars 10 IT'S own bonds practically guarantees a.
One fourth of The work is already dChe,. and the
track continues TO 10 laid at the rate Of two miles
2d The Union Pacific Railroad bonds are issued
upon what promises TO be one Of the most pronias
bic lines Of railroad in the country. For many
years il must be the only line connecting tho At
lantio and Paeidei and being without eumpethon'
! it can maintain remuneratiFe rateg-
3d. A25 miles Of this road arc nniahedi and fully
equipped with depots, locomotives, cars, kcs ana
/ two trains daily running each way Inc ma
1 torals for the remaning % miles 70 the eastern
base or the Rocky Hountains are on hnndg and il is
I under contract TO be doue 10 Soptemhers e. 81
4th The net earnings Of che gsatioua already
hnished are seDsaE times greater than tue gold IN
4 terest upon the First Mortgage Bonds apon such
sections. aud IL not snother mile were 1uiits the
1 part already completed would not only pay inter-
! est AMI HuheHs UNA Dc pF0lAAuAs ~ 9-Aa
Bth lhs Upipn Pacific Railroad Bonds can bo
issued only the road progresses and therefore
can never be in the market unless they represent
| q bena fde property.
6th. Their suopnt is strictly limited by law to
a sum equal 10 what is granted By the o. 8. Gov-
ernment, and ior which It takes sseond lleu A.
It's security. This amount upon the hrst 5i7 miles
west from Omaha ia only $4,000 per mile.
TN. The fact that the U. s. Government oonsid-
ers a secoLd lien upon the road good Investment,
and that some pf the shreWdest railroad builders
OF the country have already paid IN i've million
dollars Of The stock (which is 20 them third ltenl
may wen inspire con hdenCe tn a first lien.
sh, Although il is not clamed that ther6 eau
be any better securities than Governments there
are parties Rho c0nsider drst mortgage upon
su.h property as this the very best security in
tha &brfa and who a5lI their GeseraiAsngH q re-
invest in these bonds-thus securing greater
interest.
6ih. AS the Union Pacific Railroad bonds are
offered for the preseal at 90 CENTS on the dollar and
accrued Interest," they are the oheapest security Id
the market, being more than IS per cent los1
than Q. 8. Stoke
10Th Al the current rate or premium on gold
they pay .53 gI
. OUer Nine per Cent Interest.
The daily subscriptions are salready large aud
they via continue 70 be received I'm sew York by
the
) CosTNBNTAL NATIONAL BANK. No. Nassau st..
CLARK, DoDGE & Co BAEKERss 81 Wall ST..
JoHv J. CISCO soN, B4EREBs, No. IS Wall st.,
aud By BANKS AND BANKERS generally through
out ths United States, Of whom maps and deecrip-
tive pamphlets may be obtained. Fhey will also
be sent by mail from the COmpany's Once, No. q
Nassuu Street New York, on appiieat3ons Sub
scribers will select their own Agent in whom they
have oouadeucs VINO alone Hil 81 resp5na
4 bic 10 them for the safe delivery OF the bonds.
JOHN. CISCO,
Treasurer
NEW YORK.
Aug. 9, '67-4t.