Bloomsburg democrat. [volume] (Bloomsburg, Pa.) 1867-1869, 1867-08-07
THE UNION PACIFIC
FAIL R0AD COMPANY
THEIR FIRST MORTGAGE BONDS
lisieyt3 ~ an Hnyegtment.

Aftht ~ 8U INV 0UgA40nSe
TIE rapid progress Of the Union Pacific
Railroad, now building west from Omaha,
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,
care these bonds secure ?" Next, "are
they profitable investment ?" To reply in
brief: ,..... ...1.
LIST. The early completion Of the 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 its own
bonds practically guaranteesit. One fourth
Of the work is already done, and the track
continues to be laid at the rate Of two miles
a day. ...3
I'd. The Union Pacific Railroad bonds are
issued upon what promises to be one Of the
most profitable lines Of railroad in til, coun-
try. For many years it must be the only
line connecting the Atlantic and Pacific and
being without competition, it can maintain
rcmuncrative rates.
3D.. 425 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 remaing
90 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 the
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 a bona .fde property.
9th. Their amount is strictly limited by
law to sum equal to what is granted by the
U. s. Government, and for which it takes a
second lien as its security. This amount
upon the first SIT miles west from Omaha
is only $4,000 per mile.
7th. The fact that the U. S. Govern.
ment considers second lien upon the road
good investment, and that some of the
shrcwdest 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 first
lien.
Sth. Although it is not claimed that
there can be any better securities than Gov.
ernments, there are 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-invcst 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 U. 8. 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
Continental National Bank, No. 7 Nassau
Street
Clark, Dodge & Co., Bankers, No. 81
Wall Street
John J. Cisco & Son, Bankers, No. 81
Wall Street
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 t
New York, on application. Subscribers
will select their own Agents in whom the,
have confidence, who alone will be responsi
BILE to them for the safe delivery Of The
bonds.
Afn Jons j. Cisco, Treasurer,
New York.
rea- The following is the report Of ,
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