The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-16
IT Il 3
UNION PACIFIC
Railroad 90.
Their FIRST MORTGAGE BONDS
As an Investment. Ua-.r.

The rapid progress of the Union Pacific Rail-
ROAD, now building west of OMAHA Nebraska and
forming, with its western connections, an unbrok-
en- ine across the continent, attracts attention
the value OF the First Mortgage Bonds which the
Company now offer to the public. The first aues-
tionassked by prudent investors is, ..Are these
bonds secure Z" Next "Arethey a profitable in
sestment?" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is as certain any future bus
mess event can be. The Government grant of
over twenty million acres 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 to be laid at the rate of two miles
a day.
I'd. 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 onl~ line connecting
| the Atlantic and Pacific; and being without com
petition, il can maintain remunerative rates.
Sd. AIS miles of this road are finished, and
fully equipped with depots locomotives, cars, DC,
and two trains are 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
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. -,.-s..4---
| 5th. The onion Pacific Railroad bonds can be
issued only as 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
a sum equal to what is granted by the U. S. Gov
eminent, and for which it takes second lien
its security. This amount upon the first 5l7
miles west from Omaha is only $4,000 per mile.
9th. The fact that the U. S. Government con-
siders q second lien upon the road good invest
ment and that some of the shrewdest railroad
builders of the country have already paid in Eve
million dollars upon the stock (which is to then
third lien) may well inspire confidence in first
lien.
| 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 this the very best security in
| the world and who sell their Governments to re-
invest in these bonds-thus securing greater in
terest. .......-.-
9th. As the Union Pacific Railroad bonds are
offered for the present at 80 cents on the dollar
and accrued interest," they the cheapest seeuri-
ty in the market being more than Is per cent.
, less than Z. s. Stocks.
10th. At the current rate of premium on gold,
they pay
Over Nine Per Cent. Interest.
The daily subscriptions already large, and
| they will continue to be received in New York by
|. | the
CONTINENTAL NATIONAL BANK, No. Nassau
Street,
CLARE, DODGE d Co, BANKERS, 81 Wall st.
JOHN j. Cisco & SoN, BANKERS, No. SO Wall
| Street, ... .r....z5 $751;. 9-.-.sr
J, and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained They
| | will also be sent by mail from the Company
Office, No. 90 Nassau Street, New York, appli-
cation. Subscribers will select their own agents
in whom they have confidence, who alone viii be
responsible to them for the safe delivery of the
| bonds.
JOHN J. CISCO,
Z, TREASURER,
vi NEW YORK.
" Ray30dw3m.