Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-08-17
Il FL z
UNION PACIFIC
RAILROAD COMPANY,
THEIR
FIRST MORTGAGE BONDS
AS M INAEOMAENIn

FIRST MORTGAGE BONDS
AS AN INVESTMENT.
THE rapid progress ofthe Union Pacific Railroad,
now building west from Omaha, Nebraska, and form.
ing, with its western connections, an unbroken line
across the continent attracts attention to the value
OF tho First Mortgage Bonds which tho Company now
offer to the public. The first question asked by pru
dent investors is care these bonds secure ' Next,
"Aro they profitable Investment ?" To reply in
brief
lst. The early completion of the whole great limo
to the Pacific is rs certain as any future business
event can be- The Government grant Of over twer-
ty million acres Of land and my 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 ratio Of two miles day.
ID. The Union Pacific Railroad bonds are issued
upon what promises to bo one Of the most profitable
must be the only line connecting the Atlantic and
Pacific and being without competition il can
maintain remunerative rates.
Sd. 425 miles Of this road are finished and fully
equipped with depots, locomotives, cars, &C. and
two trains are daily running each way. The mate
rials for the remaining % miles to the eastern base
Of the Rocky Mountains are on hand and it is under
contract to be done in September
4th. The net earnings Of the sections already fin
shed are several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and If not another mile of the road built the
part already completed would not only pay interest
5th. The Union Pacific Railroad bonds can be is
sued only as the road progresses and therefore
never be in the market unless they represent bond
fde property.
9Th. Their amount is strictly limited by law to
sum equal to what's granted by the U. S. Govern.
ment, and for which 1t takes second lien as its
curity. This amount upon the first 5l7 miles west
from Omaha is only SIG, 900 per mile.
7th Tho fact that the U. S. Government considers
q second lien upon the road good investment,
and that some of the sbrewdest railroad builders of
the country have already paid in five million dollars
upon the stock (Which Is to them third lien) may
we'll inspire confidence in q first lion.
8th Although it is not claimed that there can be
any better securities than Governments, thcre are
parties who consider first mortgage upon such
property this the very best security in the world
and who sell thor Governments to re-nvest in these
bOnds-thus occurring greater interest.
9th As the Union Pacific Railroad bonds are Of
fered for the present ut 90 cents on the dollar and
crued interest," they the cheapest security in the
market being more than Is per cent less than u S.
Stocks.
10th At the current rate Of premium on gold, they
pay
Over Nine Per Cent. Interest,
The daily subscriptions arc already large and they
will continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau st.
CLARK, DODGE 4 Co., BANKERS, No. 81 Wall St,
JonS J. Cisco s. Son, BANKERS, No. SO Wall St.,
and by BANKS AND BANKERS generally through
out tho United States, OF whom maps and descrip-
tive pamphlets may DO obtained. They will also bo
sent by mail from the Companys Office, No 20 Mas
sau Street. New York, on application: Subscribers
will select their own Agents in whom they have con-
fdencc, who alone will be responsible to them foy the
safe delivery Of the bonds.
JOHN ]. CISCO,
Treasurer,
NEW YORK,
June % I9R7 Kim