Bloomsburg democrat. [volume] (Bloomsburg, Pa.) 1867-1869, 1867-08-14

THE rapid progress of the Union Pacific
Railroad, now building west from Omaha
Nebraska, and forming, with its western
connections, an unbroken line across the
continent, attracts attention to the value ol
the First Mortgage Bonds which the Com
pany now offer to the public. The first
question asked by prudent investors IL
Are these bonds secure y Next, "art
they profitable investment p 10 reply in
brief:
lst. The early completion of the whole
great line to the Pacific is as certain as any
future business event can bc. The Govern
ment grant of over twenty 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
continues to be laid at the rate Of two mile,
day. ...-....
I'd. 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 tho only
line connecting the Atlantic and Pacific; and
being with lout competition, il can maintain
rclnuncrativc rates.
3d. 425 miles of this road are finished,
and fully equipped with dcpots, locomotives,
cars, Nc, and two trains are daily running
each way. The materials for the rcmainc
92 miles. to the eastern base Of the Rocky
Mountains are on hand, and it is under con-
tract to be done in September.
4th. The net earnings Of the sections nj.
ready finished are several times greater than
the gold interest upon the FIRST Mortgage
Bonds upon such sections, and if not anotI.
or mile of the road were built the part al
ready completed would not only nay inter
est and expenses, but be profitable TO the
Company.
oh. The Union Pacific Railroad bonds
can be issued only as the road progresses.
and therefore can never BE- in the market
unless they represent bona ,fc1c property.
9th. Their amount is strictly limited by
law to sum equal to what is granted by the
u. $. Government, and for which it takes
second lien as its security. This amount
upon the first jl7 miles west from Omaha
is only $4,000 per mile.
7th. The fact that the U. s. Govern
mcnt considers second lien upon the re ad
good investment, and that some of the
shrewdest railroad builders of the country
have already paid in five million dollars
upon the stock (which is to them q third
lienl, may well inspire confidence in first
lien.
Sth. Although it is not claimed that
there can be any better securities than Gov
ernments, there are parties who consider O |
first mortgage upon such property as this |
the very best security in the world and who |
sell their Governments to re-invcst in these |
bonds thus securing greater interest.
9th. As the Union Pacific Railroad bonds |
are offered for the present at 90 cents on
the dollar and accrued interest, they are tho
cheapest security in tho market, being more
than Is per cent. less than U. 8. Stocks.
10th. At the current rate of premium
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large
and they will continue to be received in New
York by the
Continental National Bank, No. : Nassau
Street.
-, Clark, Dodge & Co., Bankers, No. 81
Wall Street.
-, John {, J. Cisco & Son, Bankers, No. SO
Wall Street.
And by Banks and Bankers generally
throughout the United States Of whom
maps and descriptive pamphlets may be OBJ.
aimed. They will also be sent by mail from
he Company's Office, No, 20 Nassau Street,
New York, on application. Subscribers
will select their own Agents in whom thew
,ave confidence, who alone will be RESPONSE
,le to them for the safe delivery Of the
,onds.
JOHN j. Cisco, Treasurer,
New york |