The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-24
- & -
UNION PACIFIC
Railroad Go. az wa
Their FIRST MORTGAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Rail-
@u, now building west of Omaha, Nebraska,and
As' win Its western connections, an unbrok
eh hhe across the continent, attracts attention to
tne 'aiue OF the First Mortgage Bonds which the
company now oner to the public. The FIRST aues
t'en ASKED ~ prudent investors ia, nAre these
bonds secure2" Mex, "Are they q 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 Is already done, and the
track continues to be laid at the rate of two miles
q day. seea fI
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 only line connecting
the Atlantic and Pacific and being without com
petition, it can maintain remunerative rates. .
Sd. 425 miles of this road are finished, and
fully equipped with depots, locomotives, ears, &C.,
and two trains are daily running each way. The
materials for the remaining 20 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 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. as---..
9Th. The Union Pacific Railroad bonds can be
q =. D..
issued only as the road progresses, and therefore
can never be in the market unless they represent
| a bona tide property.
| 9th. Their amount is strictly limited by Law to
a sum equal to what is granted by the q. s. Gov
eminent, and for which it takes a second lien as
| its security. This amount upon the first 5l5
miles west from Omaha is only $4,000 per mile
| eth. 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 LEM may wen inspire confidence in first
lien. ssV - f..fe u 5- - E
| sth. Although it is not claimed that there can
be any better securities than Governments, there
are parties who consider first mortgage upon
such a property Is this che very best security in
the world, and Who self their G Governments to re.
invest in these bonds-7thus securing greater in
terest.
9Th. As the Union Pacific Railroad bonds are
| offered for the present at 80 cents the dollar
and accrued interest, they the cheapest seeu.i
ty in the market, being more than IS per cent
less than U. S. Stocks.
10th. At the current rate of premium on gold
they pay
Over Nine Per Cent. Interest.
The daily subscriptions already large, ans
they viii continue to be received in New York b,
the r~
CONTINENTAL NATIONAL BANK, No. Nassar
Street.
CLARE, DoDGK / Co., BANKERS, 81 Wall St
JOHN J. Cisco 4 Son, BANKERS, No. SO Wal
Street, t-
and by BANKS AND BANKERS general,
: throughout the United States, of whom maps ant
| descriptive pamphlets may be obtained. The,
will also be sent by mail from the Company
Office, No. 20 Nassau Street, New York, on appli
cation. Subscribers viii select their own agent
in whom they have confidence, who alone will b
| responsible to them for the safe delivery Of tn
| bonds.
t JOHN =. CISCO,
i TREASURER,
NEW YORK.