The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-26
UNION PACIFIC
Railroad Co.
x gSSe2 ssz@ 90L - IIAo4 -r
THEIR FIRST MORTGAGE BONDS
As an Investment.
As an Investment

Ahe rapid progress of the Union Pacific Rail-
.oaa' now building west of Omaha, Nebraskaand
turning, with its western connections. an upbrok
ca line across the continent attracts attention IN
the value of the First Mortgage Bonds which the
Company now offer to the public. Tbesrs,o,.s
ton asked by prudent investors is. .Ars ,.s..
bonds secure Pc Next, "Are thew nrat,,a,,s in.
vestment" To reply in brief:
LIST. The early completion of the whole srea,
line to the Pacific is certain as any future hps-
mess event can be. The Government grant Of
over twenty million acres of land and fifty million
dollars in its bonds practically guarantee il.
One fourth of the work is already done, and the
track continues to be laid at the rate of two miles
q day. -
I'd. The Union Pacific Railroad bonds are is.
sued upon what promises to be one of the mos,
profitable lines of railroad in the country. For
many years it must be the only line connectino
the Atlantic and Pacific; and being without COM
petition, it can maintain remuneratiye rates
3D. 425 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 80 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 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. z<ss-L.-
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 .tide property.
| 9Th. Their amount is strictly limited by law to
a sum equal to what is granted by the Z. S. Gov.
| ernment, and for which it takes second lien as
| Its security. This amount upon the first SIT
miles west from Omaha is only SIG, 900 per mile.
| 9Th. 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 is to them
9 third lien may well inspire confidence in first
| lien. s---. -s'A 5-s -.s
| 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- ..-E -..
| 9Th. As the Union Pacific Railroad bonds are
offered for the present at 80 cents on the dollar
and accrued interest, they the cheapest secur-
| ty in the market, being more than IS per cent.
less than Q. S. Stocks.
10th. At the current rate of premium on gold,
they pay
ever Nine Per Cent. Interest.
| The daily subscriptions are already large, and
they will continue to be received in New York by
the
CONTINENTAL NATIONAL BANK, No. Nassau
Street.
CLARE, DODGE Co., BANKERS, 81 Wall st.
JOHN ). Cisco & Son, BANKERS, No. 80 Wall
Street,
and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained. They
will also be sent by mail from the Company
Office, No. 20 Nassau 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.