The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-09-19
THH
UNION PACIFIC
Railroad Co.
Their First Mortgage Bonds!
AS An Investment.
AS An Investment.

The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with its western con-
ncctions, unbroker line across the conti-
nent, attracts att ntion to the value of the
First Mort gage Bonds which the Company
now offer to the p bile. The first question
asked by prudent estors is. "Are these
bonds. .secure?'' Next, care they profitable
investments'' To reply in brief:
1st. The early completion of the whole great
line to the Pacific is as certain as any future
business event can be. TIE Governr ent grant
of over twenty million acres of land and dftv
million dollars in its own bonds practically
guarantees it. One fourth of the work is al
ready done, and the track continues to be laid
at the rate of two miles o day.
2l. The Union Pacific Railroad bonds are
issued upon what promises to be one of the
most profitable lines of railroad in the coun-
try. For many years it must be the only line
connecting the Atlantic and Pacific; and be-
ing without competition, it can maintain re-
auncrativc rates.
81. 425 miles of this road finished, and fully
equipped with depots. locomotives, cars, &c,
and two trains are daily running each way
The materials for the remaining 90 miles to
the eastern base of the Rocky Mountains are
on hand. and it is under contract to be done in
September.
4th. The net earnings of the sectionsalready
finished are several times greater than the
gold interest upon the First Mortgage Bonds
upon such sections and if not another mile of
the road were built, the part already COM
pleted would not only pay interest and ex-
pcnses, but be profitable to tfc Company.
9Th. The Union Pacific Railroad bonds can
be issued only the road progresses, and
therefore can never be in the market unless
they represent q bona 1ide property.
6th heir amount is strictly limited by law
to a sum equal to what is granted by the q. S.
Government, and for which it takes lien as
its security. This amount upon the first SIT
miles west from Omaha is only S16 600 per mile.
Tth. Tie fact that the U. S. Government con-
siders a second lien upon the road good in.
vestment. and that some of the shrewdest rail-
road builders of the country have already paid
| in five million dollars upon the stock (Which
| is to them third lien), may well inspire con
fidence in first lien.
Sth. Although it is not claimed that there
| can be any better securities than Governments
| there are parties who consider a first mortgage
upon such property as this the very best secur
| ity in the world, and who sell their Govern
| ments to re-irvest in these bonds thus secur-
| ing greater interest.
| 9Th As the Union Pacific Railroad bonds
are offered for the present at 30 cents on the
dollar and accrued interest, they are the cheap
est eeurity in the market, being more than 10
per cent. less than U. Stacks.
10th. at the current rate of premium on gold,
they pay
Ocer Nine per Cent. Interest.
The daily subscriptions already large.
aud they will continue to be received in New
York by the
/ Continent NATIONAL. BANK, No Nassau St.,
| CLARK, DoDGE 4 Co.. BAEKERs, 81 Wall ST.,
JoiS J. CISCO L Co., BANNERS, No 50 Wall ST.,
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 90 Mas
sau Street, New York application Subscribers
will select their agents in whom they have con
ffdence who alone will he responsible 10 them fol
the safe delivery of the bonds.
JOHN j. CISCO. Treas.
Subscriptions taken at the First National
Bank. Upper Sandusky. Ohio. jl1-3m