The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-10-04
49, 4sK1r----------
UNION PACIFIC
RAilrOadCo.
Their FIRST MORTGAGE BONDS
As an Investment,

The rapid progress of the Union Pacific R.;,
road, now building west of Omaha, Nebraska and
iOrning' with Its western connections an unbrok
en- hne across the continent attracts attention 70
the'Vaiue OF the First Mortgage Bonds ~hie Che
company now offer to the public The frst a1.
ton asked by prudent investors is, care thsss
BONDS securep Next, "Are they q profitable in
vestment7" To reply in brief:
LIST. The early completion of the whole yrs..
line to the Pacific Is as certain any future bus,
iness event can be. The Government pr,n, ~
yertwenty million acres of land and fifty millio,
dollars in its own 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
a day. ,5 .rTe s-..FF
I'd. The Union Pacific Railroad bonds are L.
sued upon what promises to be one of the mos,
profitable lines of railroad in the country. Fo,
many years it must be the only line CONNECTING
the Atlantic and Pacific; and being without com.
petition, 1t can maintain remuneratve rates
Sd. 425 miles of this road are finished. and
fully equipped with depots, locomotives, cars.&e,
and two trains are daily running each way. The
nsf
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 pold
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 as the road progresses, and therefore
can never be in the market unless they represent
a bona fde property.
9th. Their amount is strictly limited by law to
sum equal to what is granted by the q. S. Gov
ernment and for which it takes a second lien as
its security. This amount upon the first 5I7
miles west from Omaha is only Sic, 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 shrewdess 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. @44 *@'
sth. Although it is not claimed that there can
be any better securities than Governments. there
are parties who consider first mortgage upon
such property as this the very best security in
the werld, and who sell their Governments to re-
invest in these bonds-.hus 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 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
Over Nine Per Cent. Interest.
The daily subscriptions sre already large, and
they viii continue to be received in New York by
the
CONTINENTAL NATIONAL BANK, No. Nassau
Street.
CLARE, DopGE Co., BANKERS, 81 Wall St.
JONI +. Cisco q SoN, BANKERS, No. SO 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's
Office, No. 20 Nassau Street, New York, on appli-
cation. Subscribers will select their own agents
in whom they have confidence, who alone viii be
responsible to them for the safe del>.-y of the
bonds.
-. JOHN J. CISCO,
TREASURER.