Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-27
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
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 30 To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is certain as any future
business event can be. The Government grant of
twenty million acres of land and fifty million
dollars in its own bonds practically guarantees it
0ne-fourth of the work is already done. and the
track continues to be laid at the rate of two miles
a 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 Je the only line connecting the At
antic and Pacific; and being without competition
it can nlaintaiIrremunerative rates.
Sd $40 miles of this road finished and fully
equipped with depots. locomotives, cars. &C. and
two trains are daily running each way. The
terials for the remaining l4l 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 are 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 Npenses, lat be profitable to the
Company.
5th. The Union Pacific Railroad bonds can be
ssned only as the road progresses, and therefore
can never be in the market unless they represent
iona fde property.
9th. Their amount is strict ~ limited by law to
sum equal to what is granted by the United States
Government and for which it takes a second lien
as it's security. This amount upon the first 5ll
miles west from Omaha is only $1,000 per mile.
18th The fact that the United States Government
considers a second lien upon the road good in
hats IF thp
builders of the country have already paid in five
million dollars upon the stock (which is to them
third ien) may we'll inspire confidence in first
lien.
sth Although it is not claimed that there can be
any better securities than Governments, there are
narties who consider a first mortgage upon such a
property as this the very best security in the world
and who sell their Governments to reinyest in these
bonds-thus securing greater interest.
9th As the Union Pacific Railroad bonds are Of
fred for the present at 80 cents on the dollar and
accrued interest, they are the cheapest security in
the market, being Is per cent. less than U. s.
Stocks. Ar
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 in Washington by
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 viii
also be sent by mail from the Companys Office, No
20 Nassau sire t, New York, on application. Sub
Scribers will select their Agents in whom they
have confidence, who alone will be responsible to
them for the safe delivery of the bonds.
JOHN j. CISCO, Treasurer.
iy20-eo6t New York
NfETROPOLITAN BROOM FACTORY.
WILTBERGER, LKDUC a Co.,
Manufact ,rers and ubbers Of
BROoMS, BRUSHES.
WOOD AND WILLOW WARE, &c.
Goods delivered FREE of cost.
Mandatory No. I OS Water st, Georgetown.
Of6ce and Ealesrooms No. I 8 ~ ST., w ashingts
up l6-sm~ -
q VERY FINE ASSORTMENT OF
"a YOUTHS AND BOYS Sacks Il
lie 6-tf At ODEON HALL.