The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-09-05
THH
UNION PACIFIC
RAIL ROAD co.
THEIR FIRST MORTGAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Railroad.
building west from Omaha, Nebraska ard form
ing, with its western connections, unbroAen line
the continent attracts attention TO the value
of the First Mortgage Bonds v hich the Company now
offer to the public The first question asked by pIu-
dent investors is Are these bonds seS;re p? Next,
I" Are they profitable Investment" To reply in
brief:
LIST The early completion of the whole great line
TO the Pacific is certain any future business
event be- The Government grant of over twenty
million acres of land and fifty million dollars in its
own bonds practically guarantees it, One fourth of
the wok already done, and the track continues to
be laid at the rate of two miles day
ID. The Union Pacific Railroad bonds issued
upon what promises to be one 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
tain remunerative rates.
3d. As miles of this road are finished, and fully
equipped with depots, locomotives, &c. and two
trains daily running each way The materials
the remaining % miles to the eastern base of the
Rocky Mountairs on hand, and it is under
tract to be done in September.
4ih. The net earnings Of the sections already I'm
ished several 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 rot only pay Interest
and expenses, but be profitable to the COMPANY.
5th. The Union Pacific Railroad bonds be issu-
never be in the market unless they represent bona
6th Their amount is strictly limited BIZ law to
sum equal to what is granted by the L. ,. Govern
ment and for which it takes second lien its
rity. This upon the first 81 miles from
Omaha IS ouiv 5 L, 00e per mile
7th. The fact that the Z. - Government considers
second lien upon the road good investment, and
that some Of the shrewdest railroad builders of the
country have already paid FIVE million dollars upon
the stock which Is them third lien ], NAV well
inspire confidence in first lien.
Sih. Although II is not claimed that there can be
any better securities than Governments, there
parties who consider 4 first mortgage upon such
property this, the best security the world,
and no sell their Governments to reinvest these
bonds thus securing greater interest
eth. As the Union Pacific Railroad bonds are offer
ed for the present at 81 cents the dollar and
cr,ed interest trey the cheapest security in the
market. being than Is per cent less than Q. =.
Stocks.
10th. at the current rate of premium On gold,
they pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions alreadv large and they
will continue TO De received IN New York BY the
CONTINENTAL NATloSAL BANK, No Nassau ST.,
CLARK. DopGE Co., BASKERs. No. 5; Wall St.
FIRST NATIONAL BANK. RICHMOND,
RICHMOND NATIONAL BANK.
and by BANKS AND BANKERS generally through
out the United States. Of whom maps and descriptive
pamphlets NAV be obtained They will also De sent
by naaI from the Companyss Office, No. 20 Nassau
Street, New York, application Subscribers viii
select their Agents in whom they have confidence
alone viii be responsible 70 them for the safety
of the bonds.
JOHN J. CISCO, Treasurer.
f2m:l5i NEW YORK.