Bloomsburg democrat. [volume] (Bloomsburg, Pa.) 1867-1869, 1867-08-21
August "a, 1867.
THE UNION PACIFIC
RAIL ROAD COMPANY
THEIR FIRST MORTGAGE BONDS
As an Investment.

TBE rapid progress Of the Union Pacific
RAILROAD, now building west from 6nahn,
Nebraska, and forming, with its western
connections, an unbroken line across the
continent, attracts attention to the value OF
the First Mortgage Bonds which the Com
pany now offer TO the public. The first
question asked by prudent: investors Is,
Are these bonds secure p Next, ARE
they a profitable investment p 10 reply in
brief:
lst The early completion Of tho whole
great line to the Pacific is as certain as any
future business event can be. The Govern,
ment grant Of over twenty million acres OF
land and fifty million dollars in it's own
bonds practically guarantees it. Ono fourth
of the work is already done, and the track
continues to be laid at the rate Of two miles
day.
I'd. 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 tho only
line connecting the Atlantic and Pacific and
being without competition, it can maintain
rcmuncrativc rates.
3D.. 42j miles of this road are finished,
and fully equipped with depots, locomotives,
cars, &C., and two trains are daily running
each way. The materials for the rcmaing
% miles to the eastern base of the Rocky
Mountains are on hand and it is under CON
tract to be done in September
4th. The net earnings Of the sections al.
ready finished arc several times greater than
the gold interest upon the FIRST Mortgage
Bonds upon such sections, and if not anoth.
er mile Of the road were built, the part al
ready completed would not only pay inter
est and expenses, but be profitable to tho
Company.
5:h. The Union Pacific Railroad bonds
can be issued only as the road progresses,
and therefore can never be in the market
unless they represent bona .fde property
9th. Their amount is strictly limited by
law to q sum equal to what is granted by the
u. 8. Government, and for which it takesa
second lien as its security. This amount
upon the first 5l7 miles west from Omaha
is only $4,000 per mile.
7th. The fact that the U. S. Govern
ment considers a second lien upon the road
good investment, and that some of the
shrewdest railroad builders of the country
have already paid in five million dollars
upon the stock (which is to them third
lien), may well inspire confidence in n first
lien. ...r
Sth. Although it is not claimed that
there can be any better securities than Gov
ernmcnts, there arc parties who consider q
first mortgage upon such property as this
the very best security in the world, and who
sell their Governments to re-invest in these
bonds thus securing greater interest.
9th. AS the Union Pacific Railroad bonds
are offered for the present at 90 cents on
the dollar and accrued interest, they are the
cheapest security in the market, being more
than Is per cent. less than y. s. Stocks.
10th. At the current rate Of premium
on gold they pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large
and they will continue to be received in New
York by the ....-rrs.s
Continental National Bank, No. 7 Nassau
Street.
Clark, Dodge & Co., Bankers, No. 81
Wall Street. -t. ... .........
,,, John g J. Cisco & Son, Bankers, No. SO
Wall Street. Htt
And by Banks and Bankers generally
throughout the United States, OF whom
maps and descriptive pamphlets may be oh.
tanned. 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 RESPONSE
ble to them for the safe delivery Of the
bondsl te i..- /.
hi JOHN J, CISCO, Treasurer.
'e' ny W ~ New York.