Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-08-16
'tsp TEE
Z MON PACIFIC
RIA MIRO A d co.
WagH
THEIR FIRST MORTGAGE BeNIS
ASan i Investment. an

The rapl5 progress OF tho Union Pacific Raj
road, now baiidtry wet fiom Omaha, Nebraska,
aud forming, With is western connections, nm un.
Ltokcn limo across tho continent. attracts alton
ton 10 the value Of the First Mortgage Bonds
which the Co npany offer 1, the pubic. The
Gsst auction asked by prudent Investors Is, Are
these bonds securtg' Next, "Arc they prolta.
bic lnycrmcn,gn Toeplg IN bfiel. 81
let. The ssry eo'hal,ti9n Of the whole great
line T. tho Pacific Is certain as any futurc bust
mesa event con 10 The Government grant Of
over twenty milion Gcrcs Of iaud and hfy mil.
Ion dollats 10 rs own bosds practically guaraa-
tees H.. One fourth 81 tho work u already done,
aud The track coniifuod 10 DO laid al the rate 81
twn miles a day. HN.
"a. The Union Pasiac Railroad bonds are issu-
Ell ueon sbal promises 10 be ono VI tho most prof
table iines ef railroad in the country. For many
yeufs Il must he tho only linz e,nnecting the At
hnlie and paclhc end being without composition,
u can maintain 'ewnne,atlve taies.
"a. l25 mitos of this foa are hnishoi, and fully
equipped with drpots, locomntsyet. ears, 6e.s and
two trains are daily running each way. Tho ma
totials for the remaining W miles H. The eastern
base Of the Rocky Mountains arc on hand and u
IL under eontraot 10 DO dono w September. z
4th. The not earnings Of tho eectnns already
nnished are several timos greater than the gold
interest upon tho First Mortgage Bonds upon
sueh sections, and II not another mIle Of THE road
we're built, tho part already completed would not
only pay interest and expenses, but be profitable
Sth. Tho Union Pacific Railroad bonds can be
Issued only rs the road prog resses, and therefore
can never be In the market anless they represent
q bona iio property.
9th. Their amoopt Ia strictly limited by law TO
a sum equal TO what Is granted by the u =. Gov
eminent, aud for which ittakes second lien az
ita security. This amount upon the arst 7 miles
west from Omaha u only 1000 per milo.
9Th. The fact that the U. s. Government con-
siders second lien upon the road good invest,
mont, and that some OF the shrewdest rali road
builders Of the country have already pail In i've
million dollars upon the stock (which IL to them n
third lien), may well inspire confidence 10 hfst
lien. 4.
sth Although Il lis not claimed that thsfc can
be any better securities than Governrients, there
arc parties who consider . first mortgage upon
such q property rs this the very best security Ia
the world, and who scil.their Governments 20 rc-
invest In these bonds.-thus securing greater In
tefest. aaf t.
9th As the Union Pacific Railroad bonds are
offered for the presei at 90 cents on the dollar
and accrued interest, they the cheapest seour-
ity ia the market, being more than u per cent.
less than u. =. Stocks.
10th. At the current rate OF premium on gold,
they pay t1'H
Over Nine per Csnf Interest.
The daily subscriptions are already large, and
they will continue to be received In New ivrk by
the 20
CONTINENTAL NATIONAL BANK, NO Nassau SIS
CLanK, DobGR Co, BAsgGRs, No. 5liWall 81,
JonS ). CISCO ~ SoS, BASKERs, No. IS Wall ST.,
and by BANKS AND BANKERS generally
throughout the United States, OF whom maps and
descriptive pamphlets may DO obtained. They
will also be sent by mail from the Company Of
Zee, No. 20 Nassau Street, New York, on appli-
cation. Subscribers will select their own Agents
In whom they have confidence, who alone will be
respoL sible to them for the safe delivery Of the
bonds. aa
JOHN J. cisco, Treasurer.
aug 10 New York.