The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-28
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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
forming, with its western connections an unbrok-
en- line across the continent attracts attention to
the value Of the First Mortgage Bonds which the
Company now sasr to the public. The first qaes-
ton asked by prudent investors is, @Are these
bonds secure" Next, "Are they profitable in
vestment?" To reply in brief:
LIST. The early completion Of the whole great
line to the Pacific is as certain any future bus
mess event can be. The Government grant of
twenty million acres of land and City million
dollars in its own bonds prsctically guarantee it.
One-fourth Of the work is already done, and the
track continues to be laid at the rate of two miles
. 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, de-,
and two trains are daily running each way. The
materials for the remaining 90 miles to the east
ern base of the Rocky Mountains are on hand.
and it is under contract to be done in September,
4th. The net earnings of the sections already
| finished 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
issuad only he road nra1raeSaS .nd tbo-afo.o
can never be in the market unless they represent
a bona Jfde property. --.-.x.-.-
9Th. Their amount is strictly limited by law to
q sum equal to what is granted by the U. S. Gov
eminent, and for which it takes second lien IS
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 a second lien upon the road good invest
| ment, and that some of the shrewdest railroad
builders of the country have already paid in Eve
| 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 parties who consider a 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 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 Is per cent
less than U. S. Stocks. .
10th. At the current rate of premium on gold
they pay e-.... .--.ss
Over Nine Per Cent. Interest.
The daily subscriptions GRE already large, ant
they will continue to be received in New York b,
t the
CONTINENTAL NATIONAL BANK, No. Nassa,
Street.
CLARE, DoDGE Co., BANKERS, 81 Wall St
JOHN j. Cisco 4 Son, BANKERS, No. SO Wal
Street, '3
and by BANKS AND BANKERS generalI
throughout the United States, of whom map. an,
descriptive pamphlets may be obtained The,
will also be sent by mail from the Company
> Office, No. 20 Nassau Street, New York, on appli
cation. Subscribers win select their own agent
in whom they have confidence, who alone will b
responsible to them for the safe delivery of th
bonds.
JOHN 7. CISCO,
TREASURER,
-..-- NEW YORK.