The Portland daily press., 1867-09-03

1st. The early completion of the whole great line to
the Pacific is certain any future business event
can be. The Government grant of over twenty mill
ion acres of land and fifty million dollars in its own
bonds practically guarantees it. One fourth of the
work is already done and the track continues to be
laid at the rate OF two miles day.
3D. The Union Pacific Railroad bonds are issued
upon what promises to be of the most profitable
lines ofralroad in the country. For many years II
must be the only line connecting the Atlantic and
Pacific and being without competition, it can main
tain remunerativc rates.
Sd. 425 miles of this road are finished, and fully
equipped with depots, locomotives, cars and two
trains are daily running each way. Tho materials
Tor the remaining 80 miles to the eastern base of the
Rocky Mountains are ON hand, and it Is under con-
tract to be done in September. |
4ih. The net earnings the sections already finish
ed 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 completed would not only pay interest
an expenses, but be profitable to the Company.
9th. The Union Pacific Railroad bonds can be issued
only as the road progresses and therefore can
be in the market unless they represent bona yfde
property. rl. tFi SH Hu 4o4
9Th. Their amount is strictly limited by law to a
>1"~A W "hae 10 SIduIcu Dy Tue " .. uOVeIu-
ment, and for which it takes second lien rs its Sc.
curity. This amount upon the first b17 miles west
from Omaha is only $4,000 per mile.
7th. The fact that the u. S. Goyernmeut cousid
ers second lien upon the road good investment.
and that some of the shrewdest railroad builders of
the country have already paid in five million dol
lars upon the stock (which is to them third len).
may well inspire confidence in first lien
9Th. Although 1t is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property as the very best security in the world,
and who sell their Governments to re-nvest in these
bonds-thus securing greater interest. ,-'-
sth As the Union Pacific Railroad bonds are offer
ed for the present at 90 cents the dollar and
crued interest," they are the cheapest security in the
Market being more than 10 per cent less than u s.
Stocks. ..s ...a ,...r r ..-r .
10TH At the current rate of premium on gold,
they pay ...e ..t...
OOer Nine Per Cent. Interest.
The daily subscriptions are already large and
they will continue to be received in Nav yorlr bv
CONTINENTAL NATIONAL BANK, NOT Nassau st..
CLARK, DODGE s. Co., Bankers, No 81 Wall 81
JOHN J. CISCO & SON, Bankers, No ss Wall St.,
and by BANKS and BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained, They will also be sent
by mail from the Company's Office, No 20 Nassau st.,
New York. on application. Subscribers Will select
their own agents in whom they have confidence, who
alone will be responsible TO them for the SAFE de-
livery OF the bonds.
JOHN j. CISCO, Treasurer,
- NEW YORK.
W. Fl. WOOD q SON, are agents tor the sale Of
the above bonds in this city, june3d&w3m