Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-30
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 I'M
bIoken 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 secure?'' Next, Are they a profitable
investment ~ To reply in brief
lst. The early completion of the whole great
line to the Pacific is as certain as any future
business vent can be. The Government grant of
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 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
1t can maintain remunerative rates.
Sd. $40 miles of this road finished, and fully
equipped with depots, locomotives, cars, &c, and
two trains are daily running each way. rhe ma
terials for the remaining 1il miles to the eastern
base aithe Rocky Mountains hand, and is
under contract to be done in September
4th. The net, earnings OF the sections already
finished sereraI times greater than the geld 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 only
pay interest and expenses but be profitable TO tho
G, mpany.
5th. The Union Pacific Etilroad bonds can be
ssued only as the road progresses, and therefore
can never be in the market unless they represent
q bona Jfds property.
9th Their amount is strictly limited by law to a
sum equal to what is granted by the United States
Government. and for which ii takes second lien
its security. This amount upon the first 5l3
miles west from Omaha is onis $1,000 per mile.
7th. The fact that the United States Government
considers a second lien upon the road good in
a,fr ha
builders of the country have already paid in five
million dollars upon the stock which is TO them
third len) may well inspire confidence in a first
lien.
sth Although it is not claimed that there can be
any better securities than Governments, there are
PARTIES who consider first mortgage upon So IN
property this the very best security in the world,
and who sell their Governments invest in these
bonds-thus securing greater interest.
9th. AS the Union Pacific Railroad bonds are Of
fered for the present at 80 cents the dollar and
accrued interest, they the cheapest secur ty in
the market, being B per cent less than u. S.
Stocks.
10th. At the current rate of premium on sold
they pay
OVER NINE PER CENT INTEREST.
The daily subscriptions already large and
they will continue to he received in Washington by
the
FIRST NATIONAL BANK,
L ~
RITTENHOUSE, FOWLER & CO.,
and by BANKS AND BANKERS generally
tbrou gheut the United States of whom maps and
5escri ptive pamphlets may be obtained. They will
also be sent by mail from the Company s Ofre, NJ.
20 Nassau street, New York, application. Sub
scribers will select their own gents in whom they
have confidence, who alone will be responsible to
them for the safe delivery of the bonds.
JOHN j. CISCO, Treasurer,
jy20-eo6t New York.
LRENCH BOOKS.-Henri Conscience: lie De
Il mon de l'argent IS cents. George Sand: Lu-
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talre Intime; As cents. Lamartlne: Les GonfldeD.
cents. Alphonse karr: Voyage autour de Mon Jar
din; As cents. Alphonse karr: Promenades hors
de Mon Jardin As cents. Louis Rey baud: lie Cog
due Clocher; As cents De stendhol lie rouge 81
cents. Notre-Dame de Paris: paf Victor Hugo,
v9 3e Is si'0' FEAScK TAYLOR.
DARIS AND NEW YORK MILLINERY.
Mrs. A. G. CASTOR has just returned from New
fine French, English, ard American Straw EEe2
Bonnets and Hats for ladies and children; -
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NANTES PURGATORIO. translated by Long,
~ fellow Mead's American Grape Culture, II,
Illustrated. Horwood's Law and Practice OF MAYA.
Courts Martial. May Day and other Poems, .b Ss
Duke of Argyll. The Inyisibles, Spritualisln
Explaned, Miss Ravenel's Conversion from Of