Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1867-08-24
The Union Pacific R. R. Comfy.
THEIR FIRST MORTGAGE BONDS
AS AN INVESTMENT! ,

HE rapid progress of the Union Pa
- enc Railroad, building west from Oma-
br & ana forming, with its western connections
IN I ilhe across the continent attracts attention to-
@ e value OF the First Mortgage Bonds which the copa
nT1dt om Gvr TO the public The first question asked by
ra +b estors, Is, Are these bonds securel" Next
ie 'he! prohtahle investment ~ To reply in brief:
The P,cc ne early completion of the whole great line
e II as certain any future business event eaa
De Inc government grant Of over twenty million acres
Of land and nifty million dollars in It's sTn bonds prsctic
ally guarantees it, One fourth OF tLe y,rE Il Already
done and the track continues be IaY he rate
miles day.
ID The Union Pacific Railroad bonds a- iszr.s unon
what promises to be Of the most proft.I Iinas ~
road in the country For many years il mustbe the onI
line connecting the Atlantic and Pacific and
out competition, 1t maintain remunerati-e rafe-
3D.. 4a5 miles of the road finished and uIly eouin
ped with depOs, locomotives cars, &C. and trains
manning " s to the eastern base of the Rocky Noun
September. -
4th The earniss of the sections already finished
are sers times greater than the gold interest upon
S HS3Gtgage Bonds upon such sections, If no other
9I me road were built the part already completed
able to the company : :
5th The Union Pacific Railroad Bonds can be issued:
only as the road progresses and therefore
In the market unless they represent bona e property
9Th Their amount is strictly limited by law to SUM
for which it takes second lien as its sccnrity Th
amount upon the first SIT miles west from Omaha only
$4,000 per mile.
It'll The fact that the u s. Government considers
second lien upon the road good investment and that
Of the shrewdest railroad builders of the country
have already paid in Ave million dollars upon the stock
(which is to them third lcn) may well inspire conf
dence in first lien. : :
sth Although it is claimed that there can be any
Deter securities than GOTeTnments there parties
VINO considers first mortgage upon such property this
tne very best securities in the world and who sell their
Governments to in these bonds-thus securing
| greater interest
9TH As the UEOTs Pacific RIir0ad bonds are offered.
for the present at 80 the GsHsF and accrued in
erest they are the cheapest security IN the market
ing more than 10 per ceEt less than o. s. Stocks.
10Th At the clsreHt rate OF premuurcn gola they pay
Over Nine per cent Interest.
The daily subscriptions already large and tbeys
Will continue to be received in New York by the
| CONTINENTAL NATIONAL BANK, No.! !I,Nassau ST.
| CLARK, DODGE & Co., BANKERS, 1iwall ST.
JoHN j. CISCO SoN, BANKERS, No. 81 WaI ST
| and by BANKS AND BANKERS generally throusbout
the United States, of whom maps descriptive pam
phets may be obtained. They win also be sent by mail
from the companys office No. 20 Nassau ST. New York
on application Subscribers will select their agent
in whom they have confidence who alone will be re-
sponsibe to them for the safe delivery of the bonds
JOHN J. CISCO, Treasurer,
| $40 NEW YORK.