The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-08-17
& il,alllial.
THE
UNION PACIFIC
RAILROAD co.
Their First Mortgage Bonds
As an Investment.

|
The rapid progress of the Union Pacific Railroad now
| building west from Omaha, Nebraska and forming with
its western connections, unhroken line across the
continent attracts attention TO the value Of the First
| NIort@ag" Bonds whi'h the Company offer to the
public The first question asked by prudent investors
is, "Are these bonds secureG" Next "Are they prof.
| table investment ~ To reply In brief:
lst The early completion Of the whole great line to
the Pacific Is as certain any future business event
can be. The Government grant al twenty million
acres of land and fifty million dollars in its own bonds
practically guarantees it. One furth Of the work is
already DONE and the track continues be laid at the
| rate Of two mile day.
ID The Union Pacific Railroad bonds are i4sued upon
what promises To be one Of the most profitable lines of
railroad in the country. For many years it must lie the
only line connecting the Atlantic and Pacific and being
without competition ii can maintain remuneratiye
| rates.
Sd. 425 miles of this road are finished and fully
equipped with dcpos, locomotives cars, &c and two
trains are daily running each way The materials for
the remaining ~ miles the eastern base of the Rocky
Mountains ale ON hand, and is under contract to be
done in September
4th The net earnings of the sections already finish
ed are Sercrd times greater than the gold interest upon
the First Mortgage Bonds upon such sections, and if
not another mile OF the read were built, the part al
ready completed would not only pay interest AMI OK.
pcnses. but he profitable to the Company
9th. The Union Pacific Railroad bonds can be issued
only MS the road progresses and therefore can never be
in the market unless they represent Loa ie proper.
ty
9th. Their amount is strictly limited by law to a sum
eqnal to what is granted 10y the U. S. Government and
for which it takes n second lien as its security This
amount upon the first iii miles west from Omaha is
only $4,000 per milo.
9TH. The fact that the U. s. Government considers
second lien upon the road good Investment and that
some Of the shrcwcst railroad builders Of the country
have already ra in five million dollars upon the stock
(Which is to them third enD may well inspire conf
dence in first lien
9Th Although it Ia not claimed that there can he any
better securities than Governments there are narties
who consider first mortgage upon such property az
this the very best security in the world, and who sell
their Governments to renvrst in these bonds-thus
securing greater interest.
9th. As the Union Pacific Railroad bonds are offered
Tor tn" present at % cents on the dollar and accrued
INTEREST," they are the cheapest security in the market
being NOR" than II per cent less than U. s. StocIs
10TH AT the current rate Of prcAnIH IN gold, they
pay
over Nine per Cent Interest.
The daily subscriptions already laIs,, and they
will conti"ne to hc received in New York by the
CONTINENTAL NATIONAL EAXg No Nassau 81
CLARE, bpDGE a Co.. E>yKHHs, 81 WnllH.
joiIi j. tI''" SpT, RASEsG. M a! Wall 81
and hy BANKS w! ai>hEES generally through.
ont III" '."'''d states, {" whom maps and descriptive
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