The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-08-29
"a THE HE BE8
UNI0 IN PACIFIC
RAILROAD co.
Their First Mortgage Bonds
as an Investmemtg!E

me rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebraska, and form
ing with Its western connections, an unbroken linz
across the continent attracts attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the public. he first question asked by pru-
dent investorsis, "Are these bonds secure?" Next
Are they profitable investments" To reply in
brief: - "a
1st The early completion of the whole great line ia
the Pacific is as certain any future business event
can be, The Government grant of over twenty mill
ion acres ofland and fifty million dollars in its own
bonds practically guarantees it. One fourth of the
work is already done, and the track continues to he
laid at the rate of two miles day. ITiI q
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be one of the most profitable
iines OF railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pachc; andbeng without competition, it can main
tain remunerative rates. itE r5-rea
sd. 425 miles of this road are finished, and fully
equipped with oepots, locomotives, &C. land two
Trans 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.
T. 4h. The net earnings of the SECTIONS a,realv fn;s
ed are 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.
oth. The Union Pacific Railroad bonds can be issued
only as the road progresses, and therefore can never
DC N the market unless they represent a bona fde
property.
9Th. Their amount is strictly limited by law to a
sum equal to what is granted by the U. s. Govern
ment and for which it takes second lien rs its Sc
curity This amount upon tho first 517 miles west
from Omaha is only Sl6,OO per mile
7th. The fact that the U. S. Government consid-
ers second lien upon the road a good investment.
and that some of the shrewest railroad builders Of
the country have already paid in five million dol.
lars upon the stock (which is to them third lien,
may well inspire confidence in a first lien,
eth. Although 1t is not claimed that there can bo
any Detter securities than Governments there are
parnes who consider first mortgage upon such
property as the very best security in the world.
ana VINO sell their Governments to reinvest in these
bonds--thus securing greater interest," "a
9Th As the Union Pacific Railroad bonds are offer
ed for the present at 80 on the dollar and ac
crued they are the cheapest security in the
market, being more than 10 per cent. less than u s.
Stocks. -t ia - ati 'iIE n ~ y : ~
10th. Atthe current rate of premium on gold.
Ocer Nine Per Cent. Interest.
Inc daily subscriptions are already large, and
they will continue to be received in New York by
the id q qtla t7t .utti q fafI ~" - : =
Cosr, LIZ
ooNTlNENTAL NATIONAL BANK, NOT Nassau St.,
CLARK a' DODGE & Co., Bankers, No 81 Wall St.,
= JOHN j. Cisco & SON, Bankers, No 80 Wall st.,
ana by BANKS and BANKERS generally through
OUT the United States. ofwhom maps and descriptive
pamphlets may be obtained, They will also be sent
oy mai from the Company's Office, No 90 Nassau st.,
New York, on application. Subscribers will select
tneir own agents in whom they have confidence who
aione wli De responsible to them for the safe de-
livery OF the bonds. l .-aiIilaf IN
JOHN y. CISCO, Treasurer, 81 $40
" raar IN NEW YORK.
". H. WOOD u SON, are agents tor the sale Of
the above bonds in this city. junesd&wsm Vs..