The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-10-01
r-T II Il
UNION PACIFIC
railroad Co
THEIR FIRST MORTGAGE BONDS
As an Investment,

The rapid progress of the Union Pacific P.n
loau, no" building west of Omaha, Nebraska.spd
ioflihg' win its western connections an unbrok
en- line across the continent, attracts st,ento, .,
the value of the First Mortgage Bopdsvbiob III.
Company now offer to the public The first mas
ton asked by prudent investors ia. aara th.sa
bonds secure Next, "Are they a pfeftable in
vestment?" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is certain as any futura Lr
mess event can be. The Government gran, IS
over twenty million acres of land and fifty million
dollars in its own bonds practically guarantee :,
One-fourth of the work is already deAe. and tho
track continues to be laid at the rate of two miles
day.
ID. 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 conpeetipg
the Atlantic and Pacific; and being without com
petition, it can maintain remunerative rates.
Sd. 425 miles of this road are finished, AMI
| fully equipped with depots, locomotives cars.dc..
and two trains are daily running each way The
| materials for the remaining g3 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 seetionssalreadv
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
issued only the road progresses, and therefore
can never be in the market unless they represent
| bona tide property.
9th. Their amount is strictly limited by law to
sum equal to what's granted by the U. s. Gov
! ernment, 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.
9th. 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 five
| million dollars upon the stock (which is to them
third lien may well inspire confidence in a first
| lien.
sth. Although it is not claimed that there can
be any better securities than Governments, there
parties who consider first mortgage upon
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 90 cents ON the dollar
and accrued interest they the cheapest sscuri-
4 ~ in the market, being more than IL per cent
| less than L. S. Stocks.
10th. At the current rate of premium on gold
they pay
over Nine Per Gent. Inter est.
The daily subscriptions already large, and
! they will continue to be received in New York by
the
| CONTINENTAL NATIONAL BANK, No. Nassau
| Street
CLARE, DoDGE & Co., BANNERS, 81 Wall St.
JOHN J. Cisco & SoNy BANKERS, No. 80 Wal
| 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 APP; =
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 =. CISCO.
TREASURER.