The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-09-05
UNION PACIFIC
Railroad Co.
THEIR FIRST MORTGAGE BONDS
AZ an Investment.

The rapid progress of the Union Pacific Rail-
road, now building west of Omaha, Nebraska,and
forming, with its western connections an unbroi-
en- line across the continent attracts attention to
the value of the First Mortgage Bonds which the
Company now offer to the public. The first quss.
ton asked BY prudent investors is, "Are these
bonds seeurer' Next, "Are they profitable in
vsstment" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is certain as 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.
Ons-fourth Of the work 10 already done and the
track continues to be laid 1t the rate of two milss
. 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
the Atlantic and Pacific and being without com
petition, II cah maintain remunerative rates.
Sd. 4e5 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 on hand
and it is under contract 10 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
1 ;ssuaa ONLY he road nroOressas and therefoy.
can never be in the market unless they represent
bona yids property.
9Th. Their amount il strictly limited by law to
| g sum equal to what's granted by the U. s. Gov
! eminent, and for which it takes . second lien as
| its security. This amount upon the first Sit
miles west from Omaha is only 49, coo per mile.
eth. 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 FIVE
million dollars upon the stock (which il to them
8 third LEM 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 g first mortgage upon
such property as 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 so cents the dollar
and accrued interest they the cheapest sscuri-
ty in the market, being more than Is per cent
less than U. S. Stocks.
10th. At the current rate of premium on gold
they pay
over Nine Per Cent. Inter est.
The daily subscriptions already large, and
the
CONTINENTAL National BAEr, No. I Nasssr
Street.
CLARE, DODGE i Co., BANKERS, 81 Wall St
JOHN ). Cisco 4 SoS, BANKERS, No. 50 Wal
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 sppli
cation Subscribers will select their own agent
in whom they have confidence, who alone win
responsible to them for the safe delivery of tn
bonds.
tr JOHN J. CISCO,
i TREASURER,
: NEW YORK.