Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-09
HE UNION PACIFIC
RAILROAD COMPANY.
THEIR FIRST MORTGAGE BONDS AS AN
# .r.-. INVESTMENT.

The rapid progress of the Union Pacific Railroad,
now building west from Omaha, Nebraska, and
forming. with it's western connections, an I'M
broken line the continent, attracts attention
TO the value of the First Mortgage Bonds which the
Company now offer to the public. The first ques-
ton asked BY prudent investors is, Are these
bonds secures '' Next, Are they a profitable
investment :" To reply i'll brief:
lst. The early completion of the whole great
line TO the Pacific is certain any future
business event can be. The Government grant of
over twenty million of land and fifty million
dollars in its own bonds practically guarantees it
one-fourtlr Of the work is already done, and the
track continues to be laid at the rate Of miles
day.
Cd Tile Union Pacific Railroad bonds are issued
upon what promises to be one of the most profit
able lines of railroad in the country. For many
years it must be the only line connecting the At
lantic and Pacific: and being without competition
it can maintain remuneratiye rates.
Sd. 3.6 miles of this road finished, and fully
equipped with derots. locomotives, cars, &c, and
two trains daily running each way. The ma
rerals for the remaining III miles to the eastern
base the Rocky Mountains hand, and is
under contract to be done in September.
4th. The net earnings of the sections already
finished Sererat times greater than the gold in
terest upon the First Mortgage Bonds upon such
sections. and if not another mile of the road
built the part already completed would not only
pay interest and penses. but be profitable to the
Company.
9Th The Union Pacific Railroad bonds can be
ssued only as the road progresses. and therefore
can never be in the market unless they represent
iona .fde property.
9Th. Their amount is strictly limited by law to
SUM equal to what is granted by the United States
Government, and for which ii takes second lien
as its security. This amount upon the first SIT
miles west from Omaha is only $1,000 per mile.
It'll The fact that the United States Government
considers second lien upon the road good in
vestment, 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 we'll inspire confidence in first
lien. ass
Sth. Althou gh it is not claimed that there can be
any better securities than Governments, there are
parties who consider a first mortgage upon such q
property this the very best security in the world
and o sell their Goyernme nts to invest in these
bonds-thns securing a greater interest. 49,.
9th. As the Union Pacific Railroad bonds are of
fcred for the present ut 20 cents the dollar and
accrued interest, they the cheapest security in
the market, being Is per cent. less than U. 8
Stocks. -
10th. AT the current rate of premium on gold
they pay
OYER NINE PER CENT. INTEREST.
they will continue to be received in Washington by
the sFfr sst4 Esst, F
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
also be sent by mail from the Company Office No
20 Nassau street, New York, on application. Sub.
cribers 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,
Y0.eo6t New York.