The Richmond palladium., 1867-08-22
UNION PACIFIC
RAIL ROAD GO.
fHEIRFIRSf MORTGAGE BONDS
As an Investment.
As an Investment.

THE rapid progress OF NE Union Pacffic Railroad
now building west from Omahs, Nebraska, and form
ing, with its western connectonS an unbrohsn line
across the continent attracts attention 10 the value
Of the First Mortgage Bonds hich the Company now
offer to the public. The first question asked by pru
dent investors is, care these bonds secrre7" Next
care they a profitable invsstment7"s To reply in
brief: sswts fs.s sz.y sss.sfs .ssf 10.
1st The early completion Of the whole great line
to the Pacific is certain any future business
event can be. The Government grant of over twenty
million acres of land and fifty million dollars in its
bonds practically guarantees it. One fourth Of
the wok is already done and the track continues to
. be laid at the rate of two miles q day. ,asfsss
I'd The Union Pacific Railroad bonds are issued
upon what promises to be of the most profitable
lines of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition, it can main
tain remunerative rates. 81 segasz.sa5 T. eWs es&
3d. 425 miles of this road are 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 con-
tract to be done in September.
T 4h The net earnings OF the sections already 6n-
ished 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 completed would not only pay interest
and expenses, but be profitable to the Company.
5th. The Union Pacific Railroad bonds can be issu-
ed only as the road progresses, and therefore can
never be in the market unless they represent bona
fde property.
!. 9Th Their amount is strictly limited by law to .
sum equal to what is granted by the q. s. Govern
ment, and for which it takes second lien its
rty. This amount upon the first 5l7 miles west from
ID Omaha is only $4,000 per mile.
7th. The fact that the q. s. Government considers
second lien upon the road good investment, and
that of the shrewdest rairoad builders Of the
country have already paid in Eve million dollars upon
the stock (which is to them third lien may well
inspire confidence in a first lien.
8th. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider FIRST mortgage upon such
property this, the very best security in the world
and who sell their Governments to reinvest in these
bonds thus securing greater interest ass e
9th. As the Union Pacific Railroad bonds offer
ed for the present at 90 cents the dollar and ac-
crued interest, they the cheapest security in the
market. being than Is per cent less than q. s.
Stocks. ess9F-4s
10th. At the current rate of premium ON gold,
they pay zi a.sg -.s4
OVER NINE PER CENT. INTEREST.
The daily subscriptions already large, and they
will continue to be received in New York by the z
CONTINENTAL NATIONAL BANK, Nc. 2 Nassau ST.,
CLARK, DODGE Co., BANKKRs. No. 81 Wall st.
FIRST NATIONAL BANK, RICHMOND.
RICHMOND NATIONAL BANK,
and by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained. They viii also be sent
by mail from the Companys Office, No. 20 Nassau
Street, New York, application. Subscribers will
select their Agents in whom they have confidence
who alone will be responsible to them for the safety
of the bonds. a s1
JOHN J. CISCO, Treasurer,
(2m:15l 4 NEW YORK.