The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-07-20
FINANCIAL.
THE UNION PACIFIC
RAILROAD COMPANY.
THEIR FIRST MORTGAGE BONDS
AS AN INVESTMENT.

The rapid progress OF the Union Pacific Railroad,
now building west fTC IN Omaha, Nebraska, and form
ing with Its western connections, unbrOken line
across the continent attracts attention to the value
ofthe First Mortgage Bonds which the Company now
offer to the public The first question asked by prudent
investors is, "Are these bonds secure2" Next, Are
they profitable Investment" To reply In brei;-
First The early completion Of the whole great line
to hePachc Is certain any future business event
can be- The Government grant Of over twenty mill
lion acres ofland and ffty million dollars IN It's
bonds practically guarantees 1t, one-fourth of the
work already done, and the track continues TO be
laid at the rate of two miles day.
Second. The Union Pacific Railroad bonds are issued
upon what promises to be one OF the most profitable
lines of railroad in the country. For many years 1t
be the only line connecting the Atlantic and Pa
ci6c and being without competition It can maintain
remunerative rates.
Third. 376 miles of this road finished, and fully
equipped with depos, locomotives cars, etc, aud
trains daily running each way. The materials for
the remaining l4 miles TO the eastern base of the
Rocky Mountains on hand, and 1t is under con-
tract to be done in September.
Fourth. The net earnings of the sections already
finished are several times greater than the gold in
upon the First Mortgage bonds upon such Sec
tions and If not another mile Of the road built,
the part already completed would not only pay nte-
rest and expenses, but be profitable the Company.
Fifth. The Onion Pacific Railroad bonds can be is
sued only as the road progresses, and therefore
never be In the market unless they represent bona
fde property.
Sixth. Their amount is strictly limited by law to q
sum equal TO what is granted by the Uuted states
Government, and for which 1t takes second lien as
its security This amount upon the first 5l7 miles
west from Omaha is only $1,000 per mile
Seventh. The fact that the United States Govern
ment considers second lien upon the road good in
vestment, and that some of the shrewdest railroad
builders the country have already paid In FIVE mill
lion dollars upon the stock (Which is them third
LEM may well inspire confidence in a first lien
Eighth. Although 1t is not claimed that there be
any better securities than Governments, there are
parties who consider a first mortgage upon such
property this the very best security in the world
and who sell their Governments to reinvest in these
| bonds, thus securing greater interest
Ninth. AS the Union Pacific Railroad bonds are
offered for the present at 90 cents on the dollar and
accrued interest, they are the cheapest security In
the market being Is cent less than United states
| stocks.
Tenth. AT the current rate of premium on gold
| they pay
OVER Nine PER CENT. INTEREST.
The daily subscriptions already large. and they
will continue to be received in Philadelphia by
| THE TRADESMEN'S NATIONAL BANK.
| DE HAVEN 81 BROTHER.
| WILLIAM PAINTER q co.
| TOWNSEND WHELEN s. co.
| j. e. LEWARS q co.
In Wilmington, Del, by
| X. r. ROBINSON & co.
| And in New York by
| CONTINENTAL NATIONAL BANK.
| CLARK, DODGE q CO., Bankers.
| JOHN ]. CISCO q SON, Bankers.
| And by BANKS AND BANKERS generally through
out the United States. of whom maps and descriptive
! pamphlets may be obtained They will also be sent
by mail from the Company's Office, No. 20 NASSAU
| Street, New York, on application. Subscribers win
select their own Agents, in whom they have conf
dence, who alone will be responsible them for the
safe delivery of the Bonds.
JOHN j. cisco, TREASURER,
7ls tuths6t NEW YORK.