The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-10-24
UNION p PACIFIC
Railroad CO.
Their First Mortgage Bonds /!
As An Tnvestfnert.

The rapid progress of the Union Pacific
Railroad. now building west from Omaha,
Nebraska and forming, with its western con-
nections an unbroken line across the conti-
neht' attracts att ntion to the value of the
First Mortgage Bonds which the Company
now oFer to the bic. The first question
asked by prudent estors is" -"Are these
bonds secure?' Next. "Are they a profitable
investment2'' To reply in brief:
1st. The carly completion of the whole srre.t
line TO the Pacific is as certain as any fntnr.
business event can be. II e Gover,,r ent grant
of over twenty million acres of land and fiftv
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 day.
2d. The Union Pacific Railroad bonds are
issued upon what promises to lie 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 eompetf it can maintain re-
munerative rates. ---
Sd. 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
/
September. re .rta- --iiaeits.-.
4th. The net earnings of the sections already
finished are several times greater than tn g
goldsfnterest 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-
penses, but be profitable to tire Company.
9th, The Union Pacific Railroad bonds can
ha
therefore can never be in the market unless
they represent a bona fide property.
9th. heir amount is strictly limited bv law
to a sum equal to what is granted by the u s.
Government and for which it takes lien as
its security. This amount upon the first SIT
miles west from Omaha is only SIG 600 per mile
Tth. Tie fact that the u s. Government con-
siders 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
fdeHce in a first lien ,ftf
: Sth. Although it is not claimed that there
can be any better securities than Governments
there are parties who consider first mortgage
upon such property as this the very best secur-
ity in the world, and who sell their Govern
ments to re-iryest in these bonds thus secur-
ing greater interest lsa..E !
9th. As the Union Pacific Railroad bonds
are offered for the present at 80 cents on the
dollar and accrued interest they are the cheap
est security in the market, being more than Is
per cent. less than u S Stocks
10th. Atthe current rate of premium on gold
they pay ...
OUer Nine per Cent. Interest.
The.daily subscriptions are already large,
and they Will continue to be received in New
York by the
CoNTINEsraL NATIONAL BANK No. Nassau ST.,
CLARK, DODGE Co., BANKERS, 81 Wall ST.,
iJoHN j. CISCO & Co., BANKERS, No 80 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 30 Mas
sau Street, New York application Subscriber
will select their own agents in whom they have
fdence, who alone will be responsible them for
the safe delivery of the bonds
. JOHN j. CISCO. Treas.
Subscriptions taken at the First National
Bank, Upper Sandusky, Ohio. jill -3m