The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-09-05
THE UNION PACIFIC
CO.,
Their First Mortgage Bonds,
As an Investment.

The rapid progress ofthe Union Pacific Rail
road now building west from Omaha, Nebraska,
md forming with its western connections, an
Inbrokcn line across the continent, attracts at
ention to the value ofthc First Mortgage Bonds
which the Company now otter to the public. The
irst question asked by prudent investors is,
Is Are these bonds SCENE ~ Next, "Are they u
rodtoble investment" TorcpIy in hrief;
LIST. The early completion OF the whole great
inc to the Pacific II Ms certain as any future
III ,lncss event cen he. The Government. grant o I
f over twenty million acres of land aud fifty
nilion dollars in its own bonds practically
Guarantee it. one fourth ofthe-work is already
lone, aud the track continues TO Ie LAID at The
ate OF two miles a day.
I'd. The Union Pacific Railroad bonds are is
sued upon what promises to be one Of the mos
,roiitable lines OF r,road in the cCdntry. For
many years It must ne the only l'nc connecting
he Atlantic and Pacific and being without com
,etition, il can maintain remuncrativc rates.
81. 42j miles OF this road are finished. and
ully equipped with depot, locomotives, cars,
Ec.. an two trans are daily running each wav.
he materials for the remaining 02 miles to the
astern base Of the Rocky Mountains are on
and, and II is under contract 20 be done in
eptember.
The net earnings the sections already fin-
,hcd are scccrdL Hnus Q. eater than the gold In
crest upon the First Mortgage Bonds upon such
ections and ifnOt another mile of the rond
ere built. the part already completed would
ot only pay interest anb expenses, but be prof
table to thecompany.
9Th. The Union Pacific Rsilroad bonds can
e.ls-ued only as the road progresses, and
lerefore can never he in the market unless they
oprcsent bona fde property.
9th. Thcir amount Is limited by law to a sum
Iual to what is gianted by the U. S. Govern
nent, and forwhich It takes second lien as its
ecurty. THIS amount upon the first BIZ miles
vest from Omaha is only slGOtO per mile.
7th. Tho fact that the U. :. Government con-
idcrs n second lien uIon the road agood in
estment, and that some Otthe shrewoest rail
oad builders Of the country nave already paid
five. million dollars upon the stock lwhichis
- them third lcn), may vel inspire conf
ence ina first Zen.
sth. Although It y not claimed that there car
70 any bottor securities than Governments
! here are parties who consider n first mortgage
| Ipon such property as this the very bost &c
| 'urityin the world, and who sell their Govern
| nents to re-invos, In these bonds-thus secur
| ng greater interest.
9th. Asthe Union Pacific Railroad bohds ar'
| !ered for the present t9o cents on the dolla
| nd accrued interest, the are the cheapest Sc
| urityin the market, being more than 10 pc
| ent less than u. H. Stocks.
| l0th. At the currcrt rate Of premium on Sol'
hey pay
)ver Nine per Cent. Interest
Tho daily subscriptions are already large. an.
they wllcontinuc to be received Ia New ioll
| by the
CONTINENTAL NATIOSAL BANK, No. NassN
street,
CLARK, DODGE 4 Co, BASKERs, o Wall St.,
JonS j. Cisco & Sos, BANKEns, NJ. 80 WALL y
md by BANKS AND BANKERS general
throughout the United States, Of whom nGp
md descriptive pamphlets may be Ohtaiucd.-
rhey will als0 be sent by nal from the cOmp'
ly's office, No. ~ Nassau Street, New York, q
application. Subscribers wll select their ow
agents ~ whom they have Goaiidcnce, wi
alone viii hc responsible to them iOr the sa
delivery ofthc bonds.
JOHN j. CISCO,
Trensurer,
June O, lSo7w3m NEW WORE