The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-08-29
THH
UNION PACIFIC
Railroad Go.
Their First Mortgage Bonds 5!
AS An Investment.

The rapid progress of the Union Pacific
Railroad, now building vest from Omaha,
Nebraska, and forming, with its western con-
neetions, an unbroken line across the conti-
nent, attracts att ntion to the value of the
First Mort gage Bonds which the Company
now offer to the public. The first question
asked by prudent estors is, care these
bonds securep" Next, "Are they profitable
investment" To reply in brief:
1st The early completion of the whole great
line to the Pacific is as certain as any future
business event can he. TT Governr ent grant
of over twenty million acres of land and fifty
million dollars in its own bonds practically
guarantees it. One fourth of the work is al
ready done, and the track continues to be laid
at the rate of two miles day
2d. The Union Pacific Railroad bonds are
issued upon what promises to be one of the
most profitable lines of railroad in the coun-
try. For many years it must be the only line
connecting the Atlantic and Pacific; and be-
ing without competition, it can maintain re-
munerative rates.
3D. 425 miles Of this road finished and fully
equipped with depots, locomotives, cars, &C.,
and two trains are daily running each way
The materials for the remaining 90 miles to
the eastern base Of the Rocky Mountains are
on hand, and it is under contract to be done in
| September. s
4th- The net earnings of the sections already
finished are 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 COM
pleted would not only pay interest and ex-
penses, but be profitable to tfe Company.
| ThoT T,.i, Il
be issued only as the road progresses, and
| therefore can never be in the market unless
| they represent a bona fide property
9th. J heir amount is strictly limited by law
to a sum equal to what is granted by the U. 5
Government, and for which it takes a lien as
its security. This amount upon the first 81
miles west from Omaha is only SIG 600 per mile
7th. Tie fact that the q. S. Government con
siders a second lien upon the road good in
vestment, and that some of the shrewdest rail
road builders of the country have already pait
in five million dollars upon the stock (which
fidence In first lien.
9Th. Although it is not claimed that Their
can be any better securities than Government
there are parties who consider first mortgag
upon such property as this the very best secur
|
ments to re-irvest in these bonds thus secur
ing greater interest.
9th. AS the Union Pacific Railroad bond
are offered for the present at 80 cents on tn
dollar and accrued interest, they are the cheap
est Sc curity in the market, being more than /
per cent. less than U. S Stocks.
10th. At the current rate of premium on gold
they pay
OUer Nine per Cent. Interest.
The daily subscriptions are already large
and they will continue to be received in Ne'
York by the ..-....
CoNTINENTaL NATIONAL Rank, No. Nassau St.,
CLARK, DODGE Il Co.. BANKERS, 81 Wall ST.,
JOHN J. CISCO Co., BAAKER>, No 33 Wall St.,
and by BANKS AND BANKERS generally through
out the United States, of whom maps and descnI
live pamphlets may be obtained. They will also
| sent by mail from the Cemnany's office, No 20 Ma
>au Street, New York on application Subscribe
will select their own agents in whom they have col
| fdence, who alone will he responsible 10 them
the safe delivery of the bonds
JOHN j. CISCO. Treas.
= Subscriptions taken at the First Nation
Bank. Upper Sandusky, Ohio jn1-3m