Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-13
YiHS THE 1T
UNION PACIFIC
RAILROAD CO.
THEIR FIRST MORTGAGE BONDS
AS an Investment.


The rapid progress of the U Union Pacific Railroad.
now building west from 'Omahs, Nebraska. and
forming, with its western ions. unbrok en-
lne across the continen attracts attention to the
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 bonds
secure r Next. Are they q profitable invest
ment ?" To reply in brief:
LIST. The early completion of the whole great line
to the Pacific is as certain any future business
event can be. The Government grant of over tJsen-
ty million acres OF land and fifty million dollars in
its own bonds practically guarantees it. One fourth
of the work is already done. and the track contin
ue to be laid at the rate of two miles day.
2d. The Union Pacific Railroad bonds are issued
upon what promises to be ore of the most profita-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lantic and Pacific; and being without competition.
it can maintain remur erative rates.
3D.. 425 miles Of this road finished, and fully
| equipped with depots. locomotives cars, hc., and
two trains are daily running each way. The mate
rals for the remaining 90 miles to the eastern base
Of the Rocky Mountains sre on and, and 1t is un-
der contract to be done in September. iHs
4th. The net earnings Of the sections already I'm
ished ssusrdI times greater than the gold inter-
est upon the First Mortgage Bonds upon such sec
tions, and fnot mother mile Of tte road were
pay interest and expenses. but be profitable to the
Company.
! 5th. The Union Pacific RaiIroad bonds can be is
sued only the road progresses and therefore can
never be in the market unless they represent bona
Jsde property. ....-f 49,.
9th. Their amount is strictly limited by law to .
sum equal to what is granted by the U. s. Govern
ment and for which it takes second lien as its
curity- This amount upon the first 5l7 miles west
from Omaha is only $4,000 Per mile. r.51
7th. The fact that the q. s. Government consid-
ers q second lien upon the road good investment,
and that of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (Which is 10 them third lien);
NAV well inspire confidence in first lien.
9Th. 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-invest in
| these bonds-thus securing gr ater interest. ''
sth As the Union Pacific Railroad bonds are Of
fered for the present at cents on the dollar and
accrued interest, they the cheapest security in
the markell being more than Is per cent. less than
U. 8. Stocks.
10th. At the current rate of premium on gold
| they pay
Over Nine per Cent. Interest.
The daily subscriptions are ALREADY large. and
they will continue to be received in New York By
the r,e tt-
Continental National Bank, No 7Nassau St.,
Clark, Dodge & Co., Bankers. 81 Wall St..
John j. Cisco Son, Fanksrs, No. ss walIsl,
AND BY
RICKLY & 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. 90 Mas
sau street. New York. on application. Subcribers
will select there own Agents in whom they have con-
fdence. who alone will be responsible to them for
the safe delivery of the bonds.
JOHN CISCO, Treasurer,
NEW YORK.