The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-12
UNION PACIFIC
Railroad Co.
Their FIRST MORTGAGE BONDS
A. an Investment.

Their FIRST MORTGAGE BONDS
A. an Investment.
Inc rapid progress Of the Union Pacific Rail-
road, now building west of Omaha, Nebrasks, and
forming, with its western connections an unbrok-
en- nne across the continent attracts attention to
the value OF the First Mortgage Bonds which the
Company now oher to the public. The FIRST cues
tion asked by prudent investors IL, "Are these
bonds secure7" Next "Are they profitable in
vestment!" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is as certain as any future bus
mess event can be. The Government grant Of
over twenty million acres of land and fifty million
dollars in its own bonds practically guarantee it.
One-fourth Of the work 10 already done, and the
track continues to be laid at the rate of two miles
day.
I'd. The Union Pacific Railroad bonds are is
sued upon what promiseslt TO be one Of the most
profitable lines of railroad in the country. For
many years it must be the only line connecting
| the Atlantic and Pacific; and being without CON-
petition, it can maintain remunerative rates
| Sd. 425 miles of this road are finished and
fully equipped with depots, locomotives, cars. dc
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 to 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
we're built, the part already completed would not
only pay interest and expenses, but be profitable
| to the Company. a.s. r.fE
| 5th. The Union Pacific Railroad bonds can be
issued only the road progresses, and therefore
ean never be in the market unless they represent
. boaa yfde property.
l 9Th. Their amount is strictly limited by Law to
. sum equal to what's granted by the U. s. Gov
| eminent, and for which 1t takes q second lien as
its security. This amount upon the first 5l7
| miles west from Omaha is only $4,000 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 Eve
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 eat
be any better securities than Governments, there
Are 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 90 cents the dollar
and accrued interest, they the cheapest securi.
ty in the market, being more than is per cent
less than Q. S. Stocks. ca
10th. At the current rate of premium on gold
they pay
| ever Nine Per Cent. Interest.
The daily subscriptions are already large, and
they will continue to be received in New York by
CONTINENTAL NATIONAL BANK, No. Z Nassau
Street.
CLARE, DoDGE d Co., BANKERS, 81 Wall ST.
JOIN 5. Cisco Son, BANKERS, No. 80 Wal
Street,
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 Company's
Office, No. 20 Nassau Street, New York, on sppli
| cation. Subscribers will select their own agent.
in whom they have confidence, who alone will b,
| responsible to them for the safe delivery of the
bonds.
J0" =. CISCO,
TREASURER,
Il NEW YORK.
4 IN