The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-10-17
THE
UNION PACIFIC
RAIL ROAD co.
THEIR FIRST MORTGAGE
aea As an Investment. Z

The rapid progress of the Union Pacific Railroad.
building west from Omaha, Nebraska, and form
ing, with its western connections, unbroken line
the continent attracts attention to the value
of the First Mortgage Bonds u hich the Company now
dent investors is Are these bonds secure Next,
Are they profitable investment" To. reply in
LIST. The early completion ef the whole great line
to the Pacific is as certain any future business
event can be. The Government grant of over twenty
million of land and fifty million dollars in its
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.
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be of the most profitable
lines of railroad in the country For many years
must be the only line connecting the Atlantic and
Pacific and being without competition, 1t maiu-
tain remuneratve rates. st4
3D. AS 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 remaining % 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 already I'm
ished serera times greater than the gold interest
upon the First Mortgage Bonds upon such sections,
and if not another mile of the road built, the
part already completed would not only pay interest
and expenses, but be profitable to the Company.
5th. The Union Pacific Railroad bonds be iSsu-
ed only 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 L. s. Govern
ment and for which it takes second lien its secu-
rty This amount upon the first 81 miles west from
Omaha is only $4,000 per mile.
9TH. The fact that the u. =. Government considers
second lien upon the road good investment, and
that 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 a first lieu.
Sth. Although it is not claimed that there can be
any better securities than Governments, there are
e parties who consider a first mortgage upon such
property this the best security in the world,
and who sell their Governments to re-nvest in these
bonds thus securing greater interest.
9Th. As the Union Pacific Railroad bonds are offer
ed for the present at 80 cents the dollar and ac-
crued interest," they 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. g
The daily subscriptions already large, and they
will continue to be received in New York by the
CoNTINENTAL NATIONAL BANK, NOT Nassau St.,
CLARK, DODGE Co., BANKERS, No. 81 Wall st.
FIRST NATIONAL BANK, RICHMOND,
RICHMOND NATIONAL BANK, 8
aud by BANKS AND BANKERS generally through
out the United States of whom aud descriptive
pamphlets may be obtained. They will also he sent
by mail from the Companyis Office, No. 20 Nassau
Street, New York, on application Subscribers viii
select their Agents in whom they have conidcnce
who alone will be responsible to them for the safety
of the bonds.
JOHN J. CISCO. Treasurer.
t2m:15l NEW YORK.