Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-01
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-
bIokcn line the continent attracts attention
t. the value Of the First Mortgage Bonds viii IA tho
Company now offer 70 the public. The first ques
ton asked by prudent investors is. Are these
bonds secure: Next, are They a profitable
inyc-jment:" To reply In brief:
Ist. Tie early completion Of the whole great
line to the Pacific is certain as any futur"
business event can be. The Government grant Of
over twenty million acres Of land and fifty million
dollars in its own bonds practically guarantee, it
CAe-fOUrth OF the work i already done. auI the
track continues to be laid at the rate vi two miles
day.
70. 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 com petition
II can maintain remUneratiyc rates.
Sd. 37G miles Of this road are finished. and faly
equipped with depots, locomotives. cars &c, aud
two trains are daily running each way. fac
terials for the remaining l4I miles to the eastern
base 1.-THE Rocky Mountains on hand, and is
under contract to hc done i'll September.
4th. The net earnings of the sections already
finished are ssrernl times greater than the g-id in
terest upon the First Mort gage Bonds upon such
sections. and if not another mile of the road
built the part alic ady completed would not only
pay interest and eA penses, but be profitable
Company.
ssued only as the road progresses, and therefor
can never be in the market unless they represent
iona G8e property.
9th. Their amount is strictly limited by law
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 5i7
miles west from Omaha Is only Sl6,o,5 per mile.
eth. The fact that the United States Gov ernment
considers q second lien upon the road good in
vestment, and that some Of the shrewdest railroad
l,,ila af he in lvp
million dollars upon the stock which is to them
third lien) may well inspire confidence in first
lien.
sth. Although it is not claimed that there can be
any better securities than Governments there
parties who consider a first mortgage upon such
property this the very best security i'll the world
and who sell their Governments to invest in these
bonds-thus securing greater interest.
9th. AS the Union Pacific Railroad Dor ds are Of
fered for the present at 80 cents the dollar ana
accrued interest, they the cheapest security Il
the market, being Is per cent. less than u. = g.
Stocks.
10th. AT the current rate of premium gold
they pay
OVER NINE PER CENT. INTEREST.
The daily subscriptions are already large, and
they will continue to be received III Washington by
the
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 aud
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
scribers will select their Agents in whe, 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.
DARIs AND NEW YORK MILLINERY.
Mrs. A. G.. CASTOR has just returned from New
York with q large and elegant assortment ct
Bonnets and Hats for ladies and children nren
ments Also general assortment of fine
French Flowers Bonnet and Hat Frames Ia grcsSs
variety. Ribbons, Silks, Grapes. fuiies ana hsai
Particular attention given to all orders.
nr .oosA''s ~ -" -'' NH lS-3R