The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-30
UNION PACIFIC
THEIR FIRST MORTGAGE BOMBS
As an Investment.

ihe rapid progress of the Union Pacific Rail-
NO" building west of Omaha, Nebraska,and
Win It's western connections, an unbrok-
- -'-e across the continent, attracts attention TO
'ne '"iae oi the First Mortgage Bonds which the
company NO" oher to the public. The first apes
'ioh asAeo by prudent investors is. "Are tb.se
oohds secure = Next, "Are they a profitable in
vestment? To reply in brief:
LIST. The early completion of the whole ,,r,o.
line to the Pacific is certain as any future b,,
mess event can be. The Government ora,,. =
over twenty million of land and fftv million
dollars IN its own bonds practically guarantee If
one-fourth Of the work is already done. and the
track continues to be laid at the rate of two mile.
a day.
I'd The Union Pacific Railroad bonds are is
sued upon what promises to be one of the most
profitable lines of railroad in the country. For
many years IL must be the only line connecting
| the Atlantic and Pacific; and being without com
| petition, it can maintain remunerative rates.
| 3D. 425 miles of this road are finished and
| fully equipped with depots, locomotives, ears.Sc
| and two trains are daily running each way. The
| materials for the remaining 90 miles to the east
ern base OF the Rocky Mountains are on hand
and 1t is under contract to be done in September.
18th. The net earnings of the sections already
finished are several times greater than the gold
| interest upon the First Mortgage Bonds upop
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
| bona tide property.
9th. Their amount is strictly limited by law to
| a sum equal TO what is granted by the u s. Gov
erpment and for which it takes second lien as
| its security. This amount upon the first 5l7
miles west from Omaha is only SIC, 900 per mile.
9Th. The fact that the U. S. Government con-
| siders a second lien upon the road good invest
| ment, 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 len) may well inspire confidence in first
| hen.
| Sth. Although it is not claimed that there can
| be any better securities than Governments there
are parties who consider a first mortgage upon
such property this the very best security in
the world and who sell their Governments to re-
invest in these bonds-thus 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 L. 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 New York bv
the
| CONTINENTAL NATIONAL BANK, No Z Nassau
Street
| CLARE, DoDGE Co., BANKERS, 81 Wall St.
JOHN J. Cisco Son, BANKERS, No. 80 Wall
| Street.
and by BANKS AND BANKERS generally
| throughout the United States of whom mans and
descriptive pamphlets may be obtained. Thew
| will also be sent by mail from the COMMANDS
| Office, No. 20 Nassau Street, New York on appli
| cation Subscribers will select their own agents
IN whom they have confidence, who alone will he
responsible to them for the safe delivery of the
| bonds.
JOHN =. CISCO.
TREASURER,
NEW YORK,