Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1867-09-14
The Union Pacific R. R. Comfy.
AS AN INVESTMENT!

'Ifk rapid progress of the Union Pa
u eifc Railroad, now building west from Oma-
broken line across the continent attention to
Me value Of the First Mortgage Bonds which the
ny now offer to the public The first question asked by
prudent Investors is Are these bonds seeurf - Next
Are they profaSe investment =, To reply in brief:
list The early completion of the whole great Inc to
the Paefc is certain any future business can
be- The government grant of twenty million
a Laid snd fy million dollars in its own bonds practic
ally guarantees it, One fourth Of the work is already
DONE and the track contnes to be laid at the nate of two
miles day~
I'd The Union Pacfc Railroad bonds are issued upon
what promises to be of the most profitable lines of
road in the country Foray years ii must be the only
line connecting the Atlantic and Pacific and being with
out competition it can maintain reuneratiye rates
3D. 425 miles of the road finished and fully equip
ped with depOts locomotives, cars &c. and rains
are daily running each way The materials for the re-
naming % miles to the eastern base Of the Rocky Noun
ans on hand and is under contract to be done in
September.
4th The net earnings of the sections already finished
arc seTer times greater than the gold interest upon the
First Mortgage Bonds upon such sections il no other
mile Of the road were built the part already completed
would not only interest and expenses, but be profit
able to the company.
5th. The Union Pacific Railroad Bonds can be issued
only NJ be read progresses and therefore be
in the market unless they repfesent bona de property.
5th. Their amount is strictly limited by lawtO sum-
equal TO what rs granted by the T. s. Government and
for which it takes secosd lien its security. THIS
amount upon the first 57 miies Tess hoas semaha is only
| $l6O00 per mile
7th. The fact that the o. s. Gorernh5sht considers
second lien upon the road good investment and that
of the shrewest Ta=o4d builders of the country
hue sdy paid IN five million of dollars upon the stock
(which is to them third lien, may well haspiFe eeD6-
| denee in first lien.
Sth Although it is not claimed that there can be any
better securities than Governments there parties
who considera first mortgage upon such property this
the very best securities in the world and who sell their
Go vernsents to renvest in these b0nds-thUs securing
greater interest.
9th. As the Union Pacific Railroad bonds are offered
for the pressnt az 70 cents the dollar and accrued in
terest they the cheapest sceCFy IN the Market be-
ing more than Is per cent less than L. s. Stocks.
10th At the current rate of premium gold they pay
Over Nine per cert Interest
The daily subscriptions sTe1dy large. and they
| viii continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau St..
| CLARE, DODGE & Co., BANKERS, 81 Wall ST.,
| JOIN j. Cisco Il Son, BANKERS No. 33 Wall st.,
and by BANKS AND BANKERS generally throughout
| the United States of whom maps descriptive PAM
phlcs may be obtained. They will also be sent by mail
from the companys Office No. 20 Nassau st. New York.
application. Subscribers will select their
in whom they have confidence, who alone will be re-
spOnsblc to them for the safe delivery Ofthe bonds.
! JOHN j. CISCO, Treasurer,
! 90 NEW YORK