Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-24
i HE UNION PACIFIC
e~s'-a RAILROAD COMPANY.
THEIR FIRST MORTGAGE BONDS AS AN
i INVESTMENT. 49,,

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and
forming, with its western connections, an
broken line across 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 secure? - Next, Are they profitable
investment 20 To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is certain any future
business event can be. The Government grant of
over twenty million acres of land and fifty million
dollars in its own bonds practically guarantees it
0ne-fourth of the work is already done, and the
trackcontnues to be laid at the rate of two miles
day. --ltt a d = le.zE.
Cd. The Union Pacific Railroad bonds are issued
upon what promises to be one 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,
ii can maintain remuneratiye rates.
3D. $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 l4l miles to the eastern
base of the Rocky Mountains are hand and is
under contract to be done in September
4th. The net earnings of the sections already
finished are Seceyal times greater than the gold in
terest upon the First Mortgage Bonds upon such
sections, and if not another mile of the road
built the part already completed would not only
pay interest and expenses but be profitable to the
CO mpany. =t. e-r
9Th. The Union Pacific Railroad bonds can be
.ssued only the road progresses, and therefore
can never be in the market unless they represent
| bona Jfde property. 49, 49,.
eth Their amount is strictly limited by law to
sum equal to what Is granted by the United States
| Government and for which 1t takes a second lien
| as it's security. This amount upon the first 5l7
miles west from Omaha is only Sl6,Os0 per mile.
7th The fact that the United States Government
| considers second lien upon the road good in
Yestment, and that some of the shreadest railroad
builders OF the country have already paid in five
million dollars upon the stock (which is to them
| third lien) may we'll Inspire confidence in first
| lien. ~ %
| sth Although it is not claimed that there can be
any better securities than Governments, there are
narties who consider first mortgage upon such q
property as this the very best security in the world
and whosel their Governments to relinvest in these
| bonds-thus securing greater interest.
9th. As the Union Pacific Railroad bonds are Of
fared for the present at 80 cents the dollar and
accrued interest. they the cheapest security In
| the market, being Is per cent. less than U. s
| Stocks. t@ 2i b..
| ion. AT tho current rate Of premium on gold
| they pay IS - T7 I5s SFy&-8eE 81
OVER NINE PER CENT INTEREST. AZ, ..-
| The daily subscriptions are already large, and
they will continue to be received in Washington by
Statss FIRST NATIONAL BANK, 80, sas.la
| NATIONAL BANK eF.THE REPUBLIC. and J
4RITTENH0USEs FOWLER 4 Co.. e
| and by BANGS AND BANKERS generally
| throughout the United States. Of whom maps and
descriptive pamphlets may be obtained iThey wilr
also be sent BY inaiffrom the Company Once, No.
20 Nassau street, New York, on spplicatiop. Sub
| erihers will select their eWn Agents In whom the
have confidence whoaone i'll abe responsible 10
/ them for the safe deli very Of the bonds. IL z
Il sd JOHN J CISCO, Treasurer,
tjy2D-eo6t ~ 49, = ;ssae5 q3f New YORK.