The Portland daily press., 1867-08-09
.ii+ THE a-st.a-.b E.lr
u N 10 N PACIFIC
~ RAILROAD CO.

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and form
ing with its western connections, an uubroken line
across the continent attrac attention 10 the value
ofthc First Mortgage Bonds which the Company now
offer to the public. The first question asked by pru-
dent investors is care these bonds secure?" Next,
"Are they profitable investment?'' To reply in
brief: f.AA'B j. Nfr t. Ntt
1st. The rly completicu Of the whole great line to
the Pacific is certain any future business event
can be- The Government grant 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 DO
laid at the rate OF two miles day. t go
3D. The Union Pacific Railroad bonds are issued
upon what promisest 10 be Of the most profitable
lines Of railroad the country. For many years &c
must be the only line connecting the Atlantic and
Pacific; and being without competition, it can main
tain remuneratve rates. r. N-.
1d. 425 miles of this rold are finished, and fully
equipped with depots, locomotives. cars, and two
trains are daily running each way. The materials
Tor the remaining92 miles to the eastern base of the
Rocky Mountains are on hand and it 10 under con-
tract to be done in September. lL DC Ea
4th The net earnings ofthe sections already finish
ed are secerol times greater than the gold interest
Upon the First Mortgage Bonds upon such sections
and IT not another mile OF the road were built the
par already completed would not only pay interest
an expenses, but be prof able Co the Company.
9th. The Union Pacific Railroad bonds can be issued
only as the road progresses and therefore can never
De IN the market unless they represent bona Gde
property. i.i-ti r1 Enilrf w.
Och. Their amount is strictly limited by Law to a
sum equal TO what is granted by the U. s. Govern
ment and for which it takes second lien as its So.
curity. This amount upon the first 517 miles west
. from Omaha is only $4,000 per mile. 'Notl II.
9TH. The fact that the u. s. Government eonsid-
ers a second lien upon the road a good investment
and that some of the shrewiest railroad builders of
The country have already paid in Ave million dol
lars upon the stock (which is to them third lienl
may well inspire confidence in first lien. A ri
Sth. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
a property as the very best security in the world
ana VINO sell their Governments to reinvest in these
bonds-thus securing greater interest. y
9th. As the Union Pacific Railroad bonds are offsr-
ed for the present at 90 cents the dollar and ac
orned interest," they tho cheapest security IN the
market, being more than Is per cent less than u g.
Stocks. ~,r = - - -
io'h- Atthe current rate of premium on gold.
they pay SD ~ f
Ooer Nine Per Cent. I,sferess.
ing uAiy SUBSCRIPTIONS are already large, and
they viii continue to be received in New York by
the
CONTINENTAL NATIONAL BANK, No7 Nassau ST..
CLARK DODGE g. Co., Bankers, No 81 Wall ST.,
JOHN j. CISCO 81 SON. Bankers, No 80 Wall ST.,
andby BANKS and BANKERS generally through-
out the United States ofwhom maps and descriptive
pam phiets maybe Obtained, They will also be sent
oy mall from the Companys ofhce No 20 Nassau st..
New York, on application. Subscribers will select
Their own agents in whom they have conhdence,w
aone viii be responsible to them for the safe de-
livery OF the bonds.
JOHN y. cisco, Treasurer, ..-
NEW YORK.
ii. WOOD & SON, are agents for the sale of
the above bonds in this civ, innead. .sxsn r,' VI