Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-10
/ HE UNION PACIFIC
.rs RAILROAD COMPANY.
THEIR FIRST MORTGAGE BONDS AS AN
~ INVESTMENT. s.@E"a

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and
forming, with its western connections, an un-
broken line the continent, attracts attention
to the value of the First Mortgage Bonds which the
Company now offer to the public. The first ques-
ton asked by prudent investors is, "Are these
bonds secureY''- Next, Are they q profitable
investment sn To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is as certain as any future
business went can be. The Government grant of
over twenty million 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
a day. 1e kat 4 " |4st aE
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be of the most profit
able lines Of railroad In the country For many
years it must be the only line connecting the At
lantic and Pacifci and being without competition
it can maintain remunerative rates. - s.r.
Sd. $40 miles of this road are finished, and fully
equipped with depots, locomotives, cars, &C.. and
two trains are daily running each way. The ma
terials for the remaining al miles to the eastern
base the Rocky Mountains are on hand and is
under contract to be done in September.
4th. The net earnings of the sections already
finished are Sereral times greater than the gold in
terest 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 and expenses, but be profitable to the
Company. 4s
5th. The Union Pacific Railroad bonds can be
ssued only as the road progresses, and therefore
can never be in the market unless they represent
a bona fds property. .,.i ~. as b
9th. Their amount is strictly limited by law to
sum equal to what is granted by the United States
Government, and for which it takes a second lien
as its security. This amount upon. the first 5l7
miles west from Omaha is only Sl6 ,OtO per mile
7th The fact that the United States Government
considers Il second lien upon the road good in
vestment, and that some Of the shrewdest railroad
builders OF the country have already paid in fl We
million dollars upon the stock (which is to them
third lien may well inspire confidence in first
lien. trf f- E7E AGED - -z- se
sth Although it is not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property as this the very best security in the world
and who sell their Governments to re invest in these
bonds--thns securing greater interest sf..s W
eth. AS the Union Pacific Railroad bonds of
fered the present ut 80 cents the dollar and
accrued interest they the cheapest security in
the market, being Is per cent less than u. s
Stocks. As1 .i =. E.e.sH ~ II .s-tf5H'
10Th. At the current rate of premium on gold
they pay .le.a,, 60. .....
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large, and
they will continue to be received in Washington by
m FIRST, NATIONAL BANK, ass
NATIONAL BANK OF THE REPUBLIC, and
Z RITTENHOUSE, FOWLER & CO., SO.
and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained. hey will
also be sent by mail from the Company's Office, No.
20 Nassau street, New York, application. SUBJ
cribers will select their own Agents in whom they
have confidence, who alone VIII be responsible to
them for the safe delivery of the bonds. a.,y
3afs.F las JOHN j. CISCO, Treasurer.ro
! ijy2O-ee6t % SI27 bsHi1'."s ta9GHI New York.