The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-22
UNION PACIFIC
Railroad Co.
Their FIRST MORTeAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Rail-
road, now building west of Omaha. Nebraska. and
forming, with its western connections, an unbrok-
en- line across the continent attracts attention to
the value of the First Mortgage Bonds which the
Company now oner to the public. The first ques-
ton asked by prudent investors is. "Are these
bonds seeure3' Next, "Are they profitable in
vestment?' To reply in brief:
LIST. The early completion of the whole great
line TO the Pacific is certain as any future bus
mess event can be. The Government grant of
over twenty million of land and fifty million
dollars in its own bonds practically guarantee it.
One-fourth Of the work is already done, and the
track continues be laid at the rate Of two miles
a day.
ID. The Union Pacific Railroad bonds are is
sued upon what promises to be one of the most
profitable lines of railroad in the country. For
many years it must be the only line connecting
| the Atlantic and Pacific and being without com
petition it can maintain remunerative rates
| Sd. 1925 miles of this road finished and
fully equipped with depots, locomotives, cars &C.
| and two trains daily running each way The
materials for the remaining 90 miles to the east
ern base of the Rocky Mountains are on hand,
and it is under contract to be done in September.
| 4th. The net earnings of the sections already
| finished are several times greater than the gold
| interest upon the First Mortgage Bonds upon
suoh sections, and if not another mile of the road
were built, the part already completed would not
only pay interest and expenses, but be profitable
| to the Company. #es<s
5th. The Union Pacific Railroad bonds can be
issued only the road progresses, and therefore
| can never be in the market unless they represent
bona jide property.
9th. Their amount is strictly limited by law to
sum equal to what is granted by the U. S. Gov
| eminent, and for which it takes q second lien as
its security. This amount upon the fret 517
miles west from Omaha is only $4,000 per mile.
9th. The fact that the U. S. Government con-
siders a second lien upon the road good invest.
| ment, 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 Iien) may well inspire confidence in a first
lien.
S;h. Although it is not claimed that there can
be any better securities than Governments, there
are parties who consider a first mortgage upon
such property rs this the very best security in
the world and who sell their Governments to re
invest in these bonds-shus securing greater in
| terest.
9th. As the Union Pacific Railroad bonds ar,
| offered for the present at 80 cents TIE dolla
and accrued interest, they the cheapest securi
| ty in the market, being more than 10 per cent
less than q. S. Stocks.
10th. At the current rate of premium on gold
they pay
Over Nine Per Cent. Interest.
The daily subscriptions are already large, an,
they will continue to be received in New York b,
the
CONTINENTAL National BANK, No. I! Nassa,
Street,
CLARE, DoDeE Il Co., BXNKERs, 81 Wall ST
JOHN j. Cisco Son, BANKERS, No. SO Wal
Street,
and by BANKS AND BANKERS general
throughout the United States, of whom maps an
descriptive pamphlets may be obtained. The
will also be sent by mail from the Company
Office, No. 20 Nassau Street, New York. on appli
| cation. Subscribers will select their own agent
, | in whom they have confidence, who alone will
responsible to them for the safe delivery of tn
bonds. a.. s.
JOHN J. CISCO,
TREASURER,
NEW YORK.