Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-31
L He UNION PACIFIC
RAILROAD COMPANY.
THEIR FIRST MORTGAGE BONDS AS AN
INVESTMENT

The rapid progress of the Union Pacific Railroad,
now building west from Omaha. Nebraska, and
forming, with its western connections, I'M
bl oxen line across the continent attracts attention
Athe 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 secureg" Next, Are they profitable
investment - To reply in brief:
lst. The early completion of the whole great
line to the Pacific is certain any future
business vent can be. The Government grant of
twenty million acres of land and fifty million
dollars in it. 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.
I'd. The Union Pacific Railroad bonds are issued
upon what promises 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 Pacific; and being without competition
1t can maintain remunerative rates
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 >1the Rocky Mountains are on hand and is
under contract to be done in September.
4th. The net earnings of the sections already
finished are Ssrsrat times greater than the geld in
terest upon the First Mortgage Bonds upon such
sections. and II 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 can be
ssued only as the road progresses and therefore
can never be in 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 United States
Government, and for which it takes Second lien
as its security. This amount upon the first 5l1
miles west from Omaha is only Sl6,oJs per mile.
It'll. The fact that the United States Government
considers second lien upon the road good in
vestment, and that some of the shrewdest railroad
builders of the country have already paid in fiys
million dollars upon the stock (Which is to them
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
parties who consider first mortgage upon such a
property this the very best security in the world
and who sell their Governments to re invest in these
bonds-thus securing greater interest
9th. As the Union Pacific Railroad bonds Of
fered for the present at 30 cents the dollar and
accrued interest. they the cheapest security in
the market, being Is per cent. less than U. s.
Stocks. .,..4~t
10th. At the current rate of premium on gold
they pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large, and
they will continue to be received in Washington by
the 81 ss
FIRST NATIONAL BANK,
NATIONAL BANK OF THE REPUBLIC, and
Il.
and by BANKS AND BANKERS generally
throng heut the United States, of whom maps and
descriptive pamphlets may be obtained. They will
also be sent by mail from the Companys Office, No.
aONassau street, New York. on application. Sub
scribers will select their own Agents in whom they
have confidence. who alone will be responsible to
them for the safe delivery of the bonds
JOHN ]. CISCO, Treasurer,
ERENCH BOOKS.-Henri Conscience: lie De
l. men de a'airgens; a. cents GeSrge sand Lu-
taire Intime; Is cents Iamartine: Les uenfden-
ces Scents. Alphonse karr: Sous les Tilleuls; IS
DIM esnss xlphonse G kaEF: Promsnadss ssrs
de Men Iardin; IS cents, Louis Reybaud; LIE Cog
lie Noir; IS cents. Celeste: par Leon sosisa; 90
cents. Notre-Dame de Paris: par Victor Hugo, 5
Si IL is $50 rRAsoK TAYLOR.
DARTS AND NEW YORK MILLINERY.
Mrs. A. G. CASTOR has just returned from New
York with . large and elegant assortment Of n
Bosne.s h and Hats Tor ladies' and shi S
Crystal, Amber, Pearl, and Straw Orna-
French fassss Bonnet and Hat Frames 7. in great
variety: Ribbons, silks, Grapes, TulIes aud Real
Particular attention given to all orders.
Rooms, 44S 9th street, near Psnnsyivsnis ave-
NANTES PTRGATORIO, TRANSLATED by Long
~ fellow. Meade Amerioan Grape Culture, IL
Martial esSss
Ralph Waldo Emerson: The Reign OF Law, BY the
Explained Miss Rayenel,s Ccnvsrsion from ss-
the Wind . novel, by E. Lynn Linton. ii
my ~ = kt0a.) - FBANCk TAILO1.
NATURAL FLOWERS PRESERVED IN ALL
IN their Natural Beauty. Special atten a ~
tod to the Flowers Of the Dead. By Mrs
n M. HAYES, No. sos Eighth street ssst
skp 3 aka ssSs az :ss1
Lpnche9r, and resembling IN nayoT The Assf sse-'
i've Under Ephitt House, cor. ittt And sts.