Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1867-08-23
RAILWAYS.
il i
q II B
UNION PACIFIC
RAIL ROAD co.
THEIR FIRST MORTGAGE BONDS
AS an Investment.


THEIR FIRST MORTGAGE BONDS
AS an Investment.
TIE rapid progress OF the Onion Pnoiao Railroad
now building west from Omaha, Nebraska, nSd
forming with its western connections, an unbro-
ken line across the continent attracts attention 10
the value Of the First Mortgage Bonds which the
Company now offer % the public. The hrsl qnes-
asked BY prudent investors ia, "Aro these bonds
secure y" Next, ssAro they profitable invest
meutF To reply iu brief:
list The carly com pIotion or The whole great
line % the Pacific IS certain any future buHi-
ness event can be. The Government grant Of over
twenty million acres or land and hfiy million dol
lars ID its own bonds practically guarantees u.
One fourth OF tho work e already done, and th0
track continues TO be laid at the rate o. tFo miles
a day.
ID The Union Pacific Railroad bonds arc issuad
upon what promises 10 be ono Of tho most pronta-
bic lines Of railroad ia the country. For many
) ears it must be tho only line connecting the At
Iantic and Pacific; aud being without compotiiiont
Go can Tnaintain renunerativc rates.
3D. 425 miles Of thil road are finished, nnafuHy
equipped with depota, locomotives, care, 6c., and
Two trains arc daily ruaniDg each way The ma
torials FOR che remaining 90 miles % she eastern
base OF the Rocky Mountains are on hand ana 10 is
upder contract % ba done Ga September
finished are seueral iiBlg greasy than The gold In
terest upon the First Mortgage Bonds upon SUCH
sections and ir not another mile we're built, tne
part ALREADY completed would mot only pay Inter
est an expenses, bat be profitable 70 she Company
5th The Union Pacific Railroad Bonds can be
issued only as the road progresses, aud therefore
can never be In the market unless they represent
bsHa Fde property.
9th Their amount is strictly limited BY Law 60
| O sum equal to what is granted BY the u. dow
| eminent, and Tor which It takes a ssoond lien a.
! It's security This amount upon the nfst bi7 miles
west from Omaha is only $40 900 per milo.
! 7th The fact that the y. 8. Government consid-
ers a second lien upon the road good Investment,
! and that come Of The BhreWdegt railroad builders
/ Of the country have already paid 90 Eve ujllion
dollars OF the stock (Which is 10 them third ionl
may well inspire con ddence in a lrst lien.
sth, Although II iE not claimed that thcre can
be any better securities than Governments, there
are parties who consider drst mortgage upon
| such property De this the very best sccurity in
the " Grid, and who Huil their GOvernmenis 20 re-
| invest so these bOuds-thus securing greater
interest.
9Th. As the Union Pacific Railroad bonds are
offered Tor the present at 90 cents the dollar and
accrued interest they are the cheapest security In
the market, being more than 15 per cent leas
than o. s. stooks.
10th Al the current rate or premium on gold
they pay
] OUe7' Mine per Cent Interest.
The daily Subscriptions arc already large, aud
they viii continue 70 be received in New York by
the
| CONTINENTAL NATIONAL BASK, No. Nassau ST.
CLARK, DoDsE & Co , BANKERS, 6i Wall ST.,
JoHsy j. CIsoo-& SoN, BANKEHs, No. 80 Wall "a.
and by BANKS AND BANKERS generally through
out the United statoF, Of whom maps and descrip-
! tive pamphlets may be obtained. They viii zlsa
be sent By mail FROM the Compauy's once, 80 %
Nassau street, New York, on application sub
scrtbers will select their own Agent in whom thcy
have confidence, VINO alone viii be respouai
bic 20 them for the safe delivery or the bonds.
JOHNJ CISCO
treasurer
NEW YORK.
Avg O. ,sI-4t.