The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-09-02
UNION PACIFIC
RailroadC Co.
THEIR FIRST MORTGAGE BONDS
As an Investment.

Ane rapid progress of the Union Pacific Rail-
loau, now building west of Omaha, Nebraska.ap
iorfiihg' with its western connections Nm upbrok
en- hne across the continent attracts a,to,+;,r 20
the value OF the First Mortgage Bonds which the
company no" Oner to the public The first oues-
ton asked ny prudent investors is, "Are these
bonds secure p Next, care they profitable in
vestment?" To reply in brief:
LIST. The early completion of the vbo,e or..
line to the Pacific is certain as any fu,prehus
mess event can be. The Government ,-o,,, %
over twenty million acres of land and ftv million
dollars in its own bonds practically guarantee it.
One-fourth of the work is already done. and the
track continues to be laid at the rate of two mes
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 it must be the onv 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 cars &c,
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 it is under contract 70 be done in September.
4th The net earnings of the sections already
finished are several times greater than the gold
interest upon the First Mortgage Bonds upon
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
IL he
can never be in the market unless they represent
q bona fde property.
9th. Their amount is strictly limited by law to
sum equal to what is granted by the L. s. Gov
eminent, and for which it takes a second lien a.
its security. This amount upon the first 5I7
miles west from Omaha is only $4,000 per mile
9Th. The fact that the L. S. Government con-
siders 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 lien may well inspire confidence in a first
Ken.
Sth. Although it is not claimed that there can
be any better securities than Governments, there
parties who consider first mortgage upon
such property as 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 80 cents on the dollar
and accrued interest, they the cheapest secur-
ty in the market, being more than Is per cent.
| les. than L. S. Stocks.
| 10th. AT the current rate of premium on gold,
| they pay
ever Nine Per Cent. Interest,
| The daily subscriptions already large, and
they will continue TO be received in New York by
| the
CONTINENTAL NATIONAL BANK, No Nassau
| Street,
CLARE, DODGE & Co., BANKERS, 81 Wall St.
john j. Cisco & SoS, BANKERS, No. 80 Wall
| Street,
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 Companv's
| Office, No. 20 Nassau Street, New York, on appli.
| cation. Subscribers will select their own agents
responsible to them for the safe delivery of tn.
| bonds.
JOHN J. CISCO.
! TREASURER
NEW YORK.
may3Odw3m.