The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-08-29
THE UNION PACIFIC
RAILROAD CO.,
Their First Mortgage Bonds,
AS an Investment.

The rapid progress ofthe Union Pacific Rail-
| road now buIlding west from Omaha, Nebraska,
and forming with its western connections, mn
unbroken line across the continent, nttracisat-
tention to the value ofthe First Mortgage Bonds
which the Company now offer TO the pnblic. The
first question asked by prudent investors is,
"Are these bonds SCENE ?" Next, care they
profitable lnvestmcntl" To reply in hrief:
list The early completion OF the whole great
line to the Pacific Is as certain as any future
business event can be. The Government grant of
of over twenty million acres of land and fifty
million dollars in its own bonds practically
guarantee II. One fourth of theworl is already
done, and the track continues to be laid ut the
rate OF two miles day.
I'd. The Union Pacific Railroad bonds are is
sued upon what promises to be one OF the mos
profitable lines OF railroad in the country. For
many years II must DC the only Inc connecting
the Atlantic and Pacific and being without com
petition, it can maintain remuneratlve rates
81. 42jmiles ofthis road are finished, and
fully equipped with depots, locomotives, cars,
&C.. and two trains are daily running each wav.
The materials 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.
The net earnings Of the sections already fin
ished are serer0t times greater than the gold in
lerest upon the First Mortgage Bohdsupons such
| sections, and ifnot another mile of the road
were bnilt, the part already completed would
not only pay interest anb expenses, but be prof
table to the hecompany.I
9TH Tho Union Pacific Railroad bonds can
bc.ssucd only as the road progresses, and
therefore connevcr 6e inihe market unless they
Iscprcsent bona Jble property.
9th. Their amount s limited by law to sum
equal to what sganted by the u. 8. Govern
security This amount upon the first 5i7 miles
west from Omaha is only slG,OfO per mile
9TH. The fact that the U. 9. Government CON.
siders second lien upon the road q good in
vestment and that some OF the shrewoest rail
road builders OF the country have already paid
in five million dollars upon the stock (Which is
to them third licn), may well inspire conf
dence ina first lien.
sth. Although u Is not claimed that there can
oc any b"tFcI secHTltes lHhu uONeTnmentSi
there are parties who oconsidcr first mortgage
upon such aprOpcrtyas this the very best Sc
curity in the world, and who sell their Govern-
ments tore-invest in these bonds-thus secur.
Ing grcaterihterest.
9th. Asthe Union Pacific Railroad bonds are
offered for the present atpO cents on the dollar
and accrued interest, I'M, nre the cheapest. Sc
curly In the market being more than 10 per
cent. less than Il. =. Stocks.
10Th. At the currcrt rate Of premium on gold
they pay
Over Nine per Cent. Interest.
The daily ysnbscriptionsnrc already large, and
they will continue TO be received in New York
blythe
'CoSrlSBSrAL NATIONAL BASR, No. 7'Nassou
Street.
| CLARK, DopGg 4 Co., DANKgRs, 81 Wall st.,
JONI j. Cisco h Son, BANKkRs, No. 80 WnlISt.
and by BANKS AND BANKERS generally
throughout the United States, Of whom mr. ps
and descriptive pamphlets may DO obtaincd.---
| They vlllhlsO be sent by NAL from the cOmpa.
ny's Office, No. ~ Nassm Street. New York, on
application, Subscribers Will select their own
| Agents IN whom they hayo confidence, who
alone will be responsible 10 them for the safe
delivery ofthe bonds.
JOHN j. CISCO,
Treasurer,
June O, lSG7wsm NEW YORK.