The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-27
UNION PACIFIC
Railroad Co.
THEIR FIRST MORTGAGE BoNDS
As an Investment.
AS an investment.

The rapid progress of the Union p.o;s.
road, now building west of Omaha Noh...,-
forming, with its western connection,
GA hne across the continent, attracts attention 70
Tue value Oh the First Mortgage Bonds which -.
company now offer to the public The first ono.
uon asked by prudent investors is. cara ,h...
bonds secure 2 Next, "Are they a pra6,,,,o;
vestment" To reply in brief:
lst The early completion of the who'll. ,
line to the Pacific is as certain as any future bu,
mess event can be. The Government gran, n,
over twenty million acres of land and fifty million
dollars in its own bonds practically guarantee !,
one-fourth of the work is already done. and Tho
track continues to be laid at the rate of two mile,
a day.
"a. Inc Union Pacific Railroad bonds are is
sued upon what promises to be one of the most
profitable lines of railroad in the country F.,
many years it must be the only line connac,;n,
the Atlantic and Pacific and being without com.
petition, it can maintain remunerative rates
sd. 42a miles of this road are finished. and
iuiiy equipped with depots, locomotives, cars,Sc
ana Two trains are daily running each way Tho
materials for the remaining 80 miles to the east.
| ern base OF the Rocky Mountains are on hand
and it is under contract to be done in Septemhs,
4th. The net earnings of the sections aIra.dx
| finished are several times greater than the cola
interest upon the First Mortgage Bonds upon
such sections and if not another mile of tho 49,,
were built, the part already completed would not
| only pay interest and expenses, but be proftsbl.
| to the Company.
9TH The Union Pacific Railroad bonds can be
issued only as the road progresses, and therefore
| can never be in the market unless they REPRESENT
a bona ride property.
otn. Iheir amount is strictly limited by law to
sum equal to what is granted by the u S. Gov
eminent, and for which it takes a second lien as
its security. This amount upon the first Sly
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 ien) may well inspire confidence in a first
lien.
Sth. Although it is not claimed that there cab
/ be any better securities than Governments, there
| are parties who consider a first mortgage upon
1 PaoPSiS ~ sAiS ING very uekt security
the world and who cell their Governments to re-
invest in these bonds-thus securing a greater in.
/ terest. - e.
| 9th. As the Union Pacific Railroad bonds are
offered for the present at 80 cents on the dollar
and accrued interest," they are the cheapest securi-
ty in the market, being more than Is per cent.
less than U. S. Stocks.
10th. At the current rate of premium on oor5
they pay
Over Nine Per Cent. Interest,
The daily subscriptions are already large, and
they will continue to be received in New York b,
the
CONTINENTAL NATIONAL BANK, No. Nassau
| Street,
CLARK, DODGE Co., BANKERS, 81 Wall St.
JOHN J. Cisco 4 SoN, BANKERS, No. SO Wall
Street,
and by BANKS AND BANKERS generally
| throughout the United States, of whom mans and
descriptive pamphlets may be obtained. Thew
will also be s"1t by mail from the compapr's
Office, No. 20 -ssau Street, New York, on appli-
cation. Subscribers 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 J. CISCO,
| TREASURER,
NEW YORK.