Ellsworth American., 1867-08-30
The UNION
PACIFIC RAILROAD CO.
THEIR FIRST MORTGAGE BONDS
As an Investment.
As an investment.

THE rapid progress of the Union Pacific Rail-
road, now buil,iing west from Omaha. Nebraska,
aud forming, with its western connections, an uIl-
broken line across the continent, attracts atten-
ton to the value OF tie Fiut Mortgage Bonds
which the Company offer to the public. The
first question asked by prudent investors is. care
these DO DIS secure ~ Next, "Arc they profitable
inves,men ?" To reply in brief
lst. The carly completion of the whole great
line to The Pacific Is certain rs anv future busi.
ness event can be. The Government grant Of over
twenty million acres OF land and fiity million dol.
lars il. its own bonds practically guaran, ,ees it,.
One fourth of the work is already done, and the
track continues to be laid at the rate OF two miles
q day
I'd. The Inion Pacific Railroad bond. are issued
upon W hat promises to be one OF the most proiita.
bic OF rairoads in the country. For many years it
must bc tie only line connecting the Atlantic and
Pacific and being without competition, it can
maiuiain rcmuncrative rates.
Sd AS mule, OF thi. road arc finished, and fully
equipped With depots, locomotives ears, &c, AMI
two trains daii, runaing each way. The ma
teras for the remaining So miles to the eastern
bare of the Rocky Mountains are ON hand, and it
is under contract 10 be dene in September.
4tn. The net earnings OF the sections already
teres, upon tie first Mortgage Bonds upon such
sections, ana ii hot other nil, OF the road were
built. the pat already completed would not only
pa, interest aha eAp,nses, lut be loh,able to the
Company.
9th. lie Union Pacific Railroad bonds be is
sued onl! the road progteses e., and therefore
can never be- ia the market unless they resgcsent
bomsa .ade property.
eth. 1Her amount is strictly limited by law to a
sum equal to what is granted by the L. >. Govern
men, and tor which it taxes second lien as its sc
eHiity. This amount upon the first jl7 miles west
from Omaha Is only sl6,ee0 per mile.
.ih. The fact that The L ;. Government cousl.
ers a second lien upon the oad good inYesi.eni
and that some of the shrewdest raih oad builders
OF the country have already paid IN i've million
dollars upon the stock (Which Is to them "a third
len, may well iHspir, confidence tu iitst hen.
sth. \ though 1t is not claimed that there can ec
an, better securities than GoVernn ente, there arc
parties Who consider a first mortgage upon such
property This the very best security in the
world. and " ho .eell their Governments To rein.
vest in these b3nd,--ihus securing greater in
tcrest.
st As the U.ion Pacific Railroad bonds are of
fered for the present at 30 cents on the dollar and
accrued interest, they are the cheapest security in
the market being more than IL per cent. less than
L. =. stocks.
10th. At the current rate of premium en- gold
they lay
,yS.VE PEH (E.vT. Y.v9 p u rs r.
The daily subscriptions are already large, and
they viii continue to be received in New iorA by
the
CONTINENT Al. NATIONAL BANK. No. Ssssaus :,
CLARK, DonGE q CO. BAHkEKs. 81 Wall st,
JouN r tisCo < son. BANKEES, J3 Wall St,
andb, BANKS ANn BANNERS generally through
oft tie United ~id.es. OF whom map and descrlp-
tive pamphlets may De obtained. They VIII also
be sent by mail from tho tompan! : Office. No. II
Nassau >lteet, New Yntk, on afI.lir alton. sub.
scrib.rs viii select cir nwn Agents in whom tney
have coniidence, who alone will he responsible TO
hem foI the saie delivery of the dond-
JOii. j. tIScO,
Tretsurer,
sme0 NEW NOxk.