Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-16
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Union PACIFIC
RAILROAD co.
THEIR FIRST I MORTGAGE BONDS
AS an Investment.

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and
forming. with its western connec. ions unbroken
line across the continen attracts attention to TIE
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 bonGs
secure 2" Next, "Are they a profitable invest
mentW To reply in brief: i-z IN ti,i -iF<
1st. The early completion Of the whole great line
to the Pacific is certain any future busines 8
event can be. The Government grant of over TWEEN
ty million acres of land and fifty million dollarsin
its bonds practically guarantees it. One fourth
of the work is already done, and the track contin
lues to be laid at the rate of two miles day. 20
o. Cd. The Union Pacific Railroad bonds are issued
upon what promises to be one Of the most profta
bic lines of railroad in the country. For mapy
years it must be the only line connecting the At
lantic and Pacific; and being without competition
it can maintain remuu eratiye rates,
Sd. 4s5 miles of this road are finished and fully
equipped with depots, locomotives. cars, TO-, and
two trains are daily running each way. The mate
rials for the remaining 80 miles the eastern base
of the Rocky Mountains sre on and, and it is un-
der contract to be done in September. d an,
4th. The net earning gs of the sections already fin.
ished seoerdI times greater than the gold inter-
est upon the Fir.t Mortgage Bonds upon such Sec
tions, and if not another mile tff tie road were
pay interest and expenses, but be profitable to the
Company. fniaar E .. ie 80 HaIa .o
5th. The Union Pacii, Railroad bonds can be Is
sued only the road progresses AID therefore can
never be in the market unless they represent bona
fde property. & "rt .-rsrp7 70 5ii ~
9Th. Their amount is strictly limited by law to .
sum equalto what is granted by the U. s. Govern
ment and for which it takes second lien as its Sc
curity. This amount upon the first sly miles west
from Omaha is only $is. 600 per mile 2l.1 IN iif'y
7th The fact that the q. 8. Government consid-
ers second lien upon the road good investment,
and that of the shrewest railroad builders of
the country have already paid in five million dol
lars upon the stock (Which is 10 them third Ien)
may well inspire confidence in 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 a
property as this the very best security in the world
and who sell their Governments to re-inyest in
these bonds-thus securing greater interest,
9th. As the Union Pacific Railroad bonds are of
fered for the present at 30 cents on the dollar and
accrued interest, they the cheapest security in
the markell being more than Is per cent. less than
o. S. Stocks. .,,l ID. .r .l-.r.. --.rE -.a s'fr
10th. At the current rate of premium on gold.
-they pay H. .n.;-..a o.-ii 3q rZa
Over Nine per Cent. Interest.
The daily subscriptions are already large. ar
they will continue to be received in New York by
the .l i'1-. H..l. .ii'7i ~ - s't..
Continental National Bank, No NASSAU St,
Clark, Dodge & Co., Bankers, 81 Wall St..
John j. Cisco & Son, Bankers, No. SO WalIsr.,
-s .aria tsH AND BY 10 81
RIOKLY & 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. 20 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 fcl
the safe delivery of the bonds. ltc r.; ,.,l. ICf
JOHN CISCO, Treasurer,
-rL NEW loRK.
OBSERVATION-DISCLOSURES. .-r --H sIt fft II