Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-20
L He UNION PACIFIC
RAILROAD COMPANY,.
THEIR FIRST MORTGAGE BONDS AS AN
INVESTMENT.

The rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebraska, and
forming, with its western connections. un-
b oxen line the continent attracts attention
to the value of the First Mortgage Bonds which the
Company offer to the public The first ques
ton asked by prudent investors is, Are these
bonds securey' Next. Are they profitable
investment - To reply in brief:
LIST. The early completion of the whole great
line to the Pacific Is certain any future
business event en- be. The Government grant of
over Werty million acres of land and ti,y million
dollars in its own bonds practically Guarantees if
One .ourth Of the work is already done. and the
track continues to be laid al the rate of two mile;
day.
I'd. The Union Pacific Ra lroad bonds are issre
upon what promises to he of the most profit
bic ! mes OF railroad in the country. For many
years it must be the only line connecting the At
lantic and Pacific; and being without competition
1t can maintain remuneratiye rates
Sd. 376 miles of this road finished, and fully
equipped with depots, locomotives, cars, &C. and
two trains are daily running each way. The ma
terials for tho remaining Hl miles 10 the eastern
base of the Rocky Mountains on hand and is
under contract to be done in September
4th. The net earnings of the sections ALREADY
finished are ssrernt times greater than the gold in
terest 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 Npenses, hut be profitable to the
Company.
5th. The Union Pacific Railroad bonds can be
ssued only as the road progresses, and therefore
never be in the market unless they represent
iona ride property
9TH. Their amount il strictly limited by law to a
sum equal to what is granted by the United states
Government. and for which it takes ~cond lien
as its security. Th1 amount upon the first 5l7
miles west from Omaha is only Sl6,O Q per mile
7th. The fact that the United st ties Government
conlider. a second lien upon he Il onod in
vestment and that some of the shrewde t railroad
builders of the country have already paid in five
million dollars upon the stock (Which is to them a
third lien may well Inspire confidence in first
lien.
9Th. Although it is not claimed that there can BE-
any better securities than Governments. here ar,
parties who consider first mortgage upon such "A
property this the very best security in the world
and who sell their Governments to reinvcst i'll these
bonds-thus securing greater interest.
9Th AS the Union Pacific Railroad bu nds a re OF
tcred for the present at 90 cents the dollar and
accrued int rest they the cheapest security in
the market. being 10 per cent. less than L. S
Stocks.
10th. At the cnrrent rate of premium on gold,
they pay
OVER NINE PER CENT. INTEREST
Thu daily subscriptions are already large and
(, c3 will continu" to he received i'll Washington by
tl-
FIRST NATIONAL BANK
NATIONAL BANK OF THE REPUBLIC and
RITTENHOUSE, FOWLER & CO.,
and by BANKS AND BANKERS generally
throughout the United States Of whom maps and
descriptive pamphlets may be obtained They will
lso be sent BY mail from the Company's Office No
2oNassau ST Get, New York, application Sub
c.ibefs will select their own Agen is IA whom they
ave confidence, who alone will be responsible to
hem for the safe delivery of the bonds
JOHN j. CISCO, Treasurer
JNUe06t New York.