The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-21
= II Il
UNION PACIFIC
Railroad Co.
THEIR FIRST MORTGAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Rail
road now building west of Omaha. Nebraska,and
:, ~ with ITS western connections, an unbrok-
~ "0'oss the continent, attracts attention to
Tue 'a'"e Vi the First Mortgage Bonds which the
company now otter to the public. The first oues
ton asked by prudent investors is, "Are these
bonds seeureF Next, Are they profitable in
vestment?' To reply in brief:
LIST. The early completion of the whole prc.,
line to the Pacific is as certain as anv futpre Inns
mess event can be- The Government grant of
over twenty million acres of land and fifty miIl;o,
dollars in its own bonds practically guarantee II
One-fourth Of the work is already done and tho
track continues to be laid at the rate of two ms.
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 only line connecting
the Atlantic and Pacific; and being without com
petition, it can maintain remunerative rates
Sd. 425 miles of this road are finished and
fully equipped with depots, locomotives cars, &c,
and two trains are daily running each way The
materials for the remaining 90 miles TO the east
cin pacO VA thS Aeochy EhouBtdlHS are on 6anf,
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.
5th. The Union Pacific Railroad bonds can be
issued only the road progresses, and therefore
can never be in the market unless they represent
a bona jide property.
9Th. Their amount is strictly limited by law to
a sum equal to what is granted by the q. S. Gov
ernnient, and for which it takes a second lien as
its security. This amount upon the first 5l7
miles west from Omaha is only $4,000 per mile.
eth. The fact that the U. S. Government con-
siders 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 LEM may well inspire confidence in first
lien.
Sth. Although it is not claimed that there car
be any better securities than Governments, there
are parties who consider first mortgage upon
such q property this the very best security il
| 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 ar,
offered for the present at 80 cents on the dolla
and accrued interest, they the cheapest securi
| ty in the market, being more than 10 per cent
| less than e. S. Stocks.
| 10th. At the current rate of premium on gold
| they pay
over Nine Per Cent. Interest
The daily subscriptions are already large, an
they will continue to be received in New York b
the
| CONTINENTAL NATIONAL BANK, No 7 Nassa
Street,
| CLARK, DopGE 4 Co., BANNERS, 81 Wall ST
JOHN J. CISCO Son, BANKERS, No. 80 Wa
Street,
and by BANKS AND BANKERS general
throughout the United States, of whom maps an
descriptive pamphlets may be obtained. The
| viii also be sent by mail from the Company
Office, No. 20 Nassau Street, New York. on appl
cation. Subscribers will select their own agent
in whom they have confidence, who alone viii /
responsible to them for the safe delivery of th
bonds.
| JOHN J. CISCO,
TREASURER.
NEW YORK.