Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-09-05
THE
THE
UNION Pacific
RAILROAD co.
THEIR FIRST MORTGAGE BONDS
AS an Investn ,nt

The rapid progress Of the Union Pacific ksilrOad
now building west from Omaha, Nebraska, and
forming, with its western connec ions, unbroben
line across the coninen attracts attention to tie
value Of the First Mortgage Bonds which the Conn
pany now offer to the public. The first question
asked by prudent investors is, "Are the.e boz d.
secure 2" Next AYE they a profitable invests
ment?' To reply in Brief: =, .- .,,,,,.,...s,.
1st. The early completion Of the whole great line
to the Pacific is as certain any future business
event can be, The Government grant of over twen-
ty million acres of land and fifty million dollars in
its own bonds practically sntees it. One fourth
of the work is already done, and the track contin
ues to be laid at the rate of two miles day. a..
2d. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profta-
BILE lines of railroad in the country. For many
years it must be the only line connecting the At
lantic and Pacific; and being without competition
it can maintain remur erative rates. ,ller -srifr
81. AS miles of thisjroad are finished, and fully
equipped with 6epots, locomotives. cars, R&c. and
two trains are daily running each1way. The mate
rials for the remaining % mile the eastern base
of the Rocky Mountains re on Land, and it is un-
der contract to be done in September. s.3 lAN
4th. The net earnings Of $, ctions already I'm
shed sererdl times gredt,r than the gold inter-
est upon the First Mortgage Bonds upon such sec
tions, and IF not smother mile cf Il road were
pay nteres, and expenses, but be profitable to the
Company. - i'ii ,i7i4i'AI' '-iii I.
9Th. The Union Pacif, Railroad bonds can be Is
sued only the road progresses and therefore can
never be in the market unless they represent bona
fde property. l-.., .-,r-,.f.s-ri
9Th. Their amount is strictly limited by law to ,
sum equal to what is granted by the u. s. Govern
ment, and for which il takes second lisn its So
curity. This amount upon the frat 6l7 miles west
H.. e. Al q mn ,..l.
7th, The fact that the U. s. Government consid
ers a second lien upon theroad a good investment
and that some of the shrewdest railroad builders o
the country have already psid in five million dol
lars upon the stock (Which is 10 them third lien)
may well inspire confidence in first lien. ID
sth. Although it is not claimed that there can b.
any better securities than Governments there arr
parties who consider a,frst NOR gage upon such {
property this the very best security in the world
and who sell their Governments to re-invest il
these bonds-thus securing gr Alter interest.
9th. As the Union Pacific Railroad bonds are Of
fered for the present at 90 cents on the dollar ant
accrued interest they the cheapest security IL
the market, being more than Is per cent less thar
US. Stocks. o. = i.l'' ''.'
10th. At the current rate of premium on gold
they pay .-t-
Over Nine per Cent. Iuterest.
The 6aily subscriptions are already large. and
Trey will continue to be received in New York BY
the So .--rtt ,,.i-r-l-.. ..f [si..- yars
Continental National Bank, No. z Nassau 81, a
Clark, Dodge & Co., Bankers, 81 Wall St..
John J. Cisco 6 Son, Rankers, No. ss waIlsL,
AND BY -rs rt=- i.,s
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through.
out the United States, of whom Maps and Descrip
tive Pamphlets may be obtained. They will also ;,
sent by mail from the Company's Ofice, No. 90 Mas
sau street. New York, on application. Subscribers
will select there own Agents in whom they have con.
fdeDce. who alone will be responsible to them fol-
the safe delivery of the bonds.
--ai JOHN J.. CISCO, Treasurer,
---:-..y-.- .-t... 81. .-...i Ep-.G5f New \ oRK.
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