Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-29
i 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, an un-
broken line across 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 secure?'' Next, Are they a profitable
investment 20 Toreply in brief:
lst. The early completion Of the whole great
line to the Pacific is as certain as any future
business event can be. The Government grant of
over twenty million acres of land and fifty million
dollars in its own bonds practically guarantees it
One-fourth of the work is already done, and the
track continues to be laid at the rate of two miles
day.
I'd. The Union Pacific Railroad bonds are issued
upon what promises to be 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
il can maintain remunerative rates
3D. SIC miles of this road are finished, and fully
equipped with depots, locomotives, cars. &C. and
two trains are daily running each way The ma
terials for the remaining Ill miles to the eastern
base of the Rocky Mountains hand, and is
under contract to be done in September.
4th. The net earnings of the sections already
finished Sererat times than the gold in
terest upon the First Mortgage Bonds upon such
sections, and if not another mile of the roaG were
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
never be in the market unless they represent
q bona tide property.
9th. Their amount is strictly limited by law to q
sum equal to what is granted by the United States
Government, and for which it takes second lien
as its security. This amount upon the first 5l7
miles west from Omaha is only Sl6,0oS per mile.
It'll. The fact that the United States Government
considers a second lien upon the road good in
builders of the country have already paid in FIVE
million dollars upon the stock which is to them q
third lienI may well inspire confidence in a first
lien.
Sth. Although it is not claimed that there 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
aud who sell their Governments to invest in these
bonds-thus securing greater interest.
9Th. As the Union Pacifc Railroad bonds are Of
fered for the present 90 cents on the dollar and
accrued interest they the cheapest security in
the market, being Is per cent. less than IT, s.
Stocks.
10th. At the current rate of premium on gold
they pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large, and
they will continue to be received in Washington by
FIRST NATIONAL BANK,
NATIONAL BANK OF THE REPUBLIC, aud
RlTTENHOUSE, 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 g Office, No.
2ONassau street, New York, on application. Sub
scribers 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,
5 jya0-eo6t sA New York.
ERENCH BOOKS.-Henri Conscience: lie De-
IL mon de fargent; Is cents. George Sand: Luz
creziA Floriani; Is cents. George Sand: LIE Secre-
taire Intime IS cents. Lamartine: Les Confden-
Gee Is cents. Alphonse Karr: Sous les Tilleuls IS
cents. Aiphunse Narr: Voyage autour de Mon Jar
din; IS cents. Alphonse Karr: Promenades hors
de- Mon yardin; % cents. Louis Reybaud: lie Cog
due Clocher; q cents. De Stendhoi: LIE Rouge ct
lie Eoiri = cents. Celeste: par Leon Gozlan; %
cents. Notre- Dame de Paris: par Victor Hugo,
'T FRANcK TAYLOR.
aIsi9 q Hk1 sH Aus 1910 fs<
Luncheon, and feseulbIin& In favor the 6est west
Hs Under Ebbitt House. cor. Aih and , %.
y 10 bbis. PURE Country CIDER VINEGAR, e.
= Ff-r CLARK = PEARSONv,.
s. - Il sfss 80 VI Wholesale .Ageaea end
81 s6gs asaea o. sF88 ~ S.