The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-10-10
4 s THE 2ra1 a 4
UNION PACIFIC
RAIL ROAv GO. @
ElRFIRST MORTGAGE BONDS
4s AS an Investment.

THR rapid progress Of the Union Pacific Railroad.
now building west from Omaha, Nebraska, and form
ing with its western connections, unbroken line
ACROSS the continent attracts attention to the value
of the First Mortgage Bonds hich the Company now
offer 70 the public The first question ssked by Pru-
dent investors is, " Are these bonds !" Next
Are they . profitable investmentf" To reply in
brief: ssssIssdt5 ~ $50 EG E>ss
lst The early completion of the whole great line
to the Pacific is as certain any future business
event can be. The Government grant of twenty
million acres of land and fifty million dollars in its
own bonds practically guarantees it. One fourth OF
the wok is already done, and the track continues
be laid at the rate of two miles day.
I'd. The Union Pacific Railroad bonds issued
upon what promises to be of the most profitable
lines of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific and being without competition, it can main
sd. AS miles of this road are finished, and fully
equipped with depots, locomotives, cars, &C., and tive
for the remaining % miles to the eastern base Of the
Rocky Mountains ARE on hand, aid it is under con-
tract to be done in September. s.e,ssz
4th. The net earnings OF the sections already in-
ished several times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and if not another mile of the road were built, the
part already completed would not only pay interest
and expenses, but be profitable to the Company.
5th. The Union Pacific Railroad bonds be issu-
ed only as the road progresses, and therefore can
never be in the market unless they represent bona
9th. Their amount is strictly limited by law to
sum equal to what is granted by the L. s. Govern
ment, and for which it takes second lien its
rity. This amount upon the first 5l7 miles west from
Omaha is only $4,000 per mile:
7th. The fact that the u. =. Government considers
a second lien upon the road good investment, and
that of the shrewdest railroad builders of the
country have already paid in i've million dollars upon
the stock which is to them a third lien j, may well
inspire confidence in first lien. f =
Sth. Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property this the best security in the world
and who sell their GOVERNMENTS reinvest IN these
bonds thus securing greater interest.
9th. As the Union Pacific Railroad bonds are offer
ed for the present at 30 cents the dollar and
crued interest they the cheapest security in the
market. being than Is per cent. less than o. =.
Stocks.
loth. At the current rate of premium gold,
they pay 1880
OVER NINE PER CENT. INTEREST.
The daily subscriptions already large, and they
will continue to be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau St.,
CLARx. Donor Co., BANxEEs. No. 81 Wall st.
FIRST NATIONAL BANK. RICHMOND,
RICHMOND NATIONAL BANK, e
and by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained. They will also be sent
by mail from the Company;s Office, No. 20 Nassau
Street, New York, on application. Subscribers will
select their own Agents in whom they have confidence
who alone will be responsible to them for the safety
Of the bonds.
JOHN y. CISCO. Treasurer.
Ism:l5 NEW YORK.