The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-08-22
MISCELLANEOUS.
MISCELLANEOUS.
THE
UNION PACIFIC
RAILROAD co.
Their First Mortgage Bonds
as an Investment!

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and frm-
ing, with its western connections an unbroken line
across the continent attrac attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the public. he first question asked by pru-
dent investors is "Are these bonds secure?" Next,
"Are they profitable investment" To reply in
brief:
1st The early completion Of the whole great line to
the Pacific Is as certain any future business event
can be. The Government graut of over twenty mill
ion 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 miles day. .t...
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be of the most profitable
lines ofrailroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific; and being without competition it can main
tain remuneratve rates. ~, - s..s....es .,.s E
81. 425 miles Of this road finished, and fully
equipped with cepots locomotives, cars &c. ,and two
trains aredaily running each way The materials
tor the remaining 90 miles to the eastern base of the
Rocky Mountains are on hand, and it is under con-
tract to be done in September sf
4h. The net earnings Of the sections already finish
dare several times greater than the gold interest
and ifnot another mile of the road were built, the
part already completed would only pay interest
an expenses, but be profitable to the Company.
5th The Union Pacific Railroad bonds can be issued
only the road progresses and therefore can never
be in the market unless they represent bona fde
property. nsaa sit. q, a. s
9Th. Their amount is strictly limited by law to
sum equal to what Is granted by the U. S. Govern
ment and for which it takes second lien as its Sc.
curity. This amount upon the first 517 miles west
from Omaha is only $4,000 per mile.
7th The fact that the U. s. Government consid-
ers second lien upon the road good Investment,
and that some of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (which is to them third len),
may well inspire confidence in first lien. q
9Th. Although it is not claimed that there can be
any better securities than Governments, there
parties who consider a first mortgage upon such
property as the very best security in the world,
and who sell their Governments to rcinves in these
bonds-,hus securing greater interest. l.
9th. AS the Union Pacific Railroad bonds are Offer
ed for the present at 90 cents on the dollar and ac
erued interest," they the cheapest security in the
market being more than 10 per cent. less than u S.
Stocks.
10TH At the 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 -......r
CONTINENTAL NATIONAL BANK, MOI Nassau St.,
CLARK, DoDaE & Co., Bankers, No 81 Wall St.,
JOHN j. Cisco s. SON, Bankers, No SO Wall ST.,
andby BANKS and BANKERS generally through
out the United States, of fwhom maps and descriptive
pamphlets may be obtained, They will also be sent
by mail from the Companys Office, No 20 Nassau ST.,
New York, on application. Subscribers will select
their own agents in whom they have confidence, who
alone will be responsible to them for the safe de-
livery of the bonds oI .'Ni
JOHN =. CISCO, Treasurer,
-,,.,.. te NEW YORK.
W. H. WOOD q SON, are agents for the sale OF
the above bonds In tlis city, june3d&w3m