Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-06
i NE 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
broken line the continent. attracts attention
to the value otthe First Mortgage Bonds which the
Company now offer to the public. The first q1les
ton asked by prudent investors is, Are these
bonds secure. ?" Next, Are they profitable
investment ?" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is as certain any future
business event can be. The Government grant Of
over twenty million acres of land and fifty million
dollars in it's own bonds practically guarantees it
One fourth OF the work is already done, and the
track continues to be laid the rate of two miles
day. #"a
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 be the only line connecting the At
lantic and Pacific, and being without mpetiton
1t can maintain remuneratiye rates.
Sd. Sc miles of this road finished, and fully
equipped with depots, locomotives cars, &c, and
two trains are daily running each way. The
teriais for the remaining liI miles to the eastern
base the Rocky Mountains on hand and is
under contract to be done in September
4th. The net earnings of the sections already
finished Sersrdl times greater than the gold in
terest 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. tz &.
5th The Union Pacific Railroad bonds can be
ssued only the road progresses, and therefore
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 United States
Government, and for which it lakes a second lien
as it's security. This amount upon the first 5l7
miles west from Omaha is only Sl6,OCS per mile.
7th. The fact that the United States Government
4 1sar,, 81 10,
vestment, and that some of the shrewdest railroad
builders of the country have already paid in Ave
million dollars upon the stock (Which is to them
third lien) may we'll inspire confidence in first
lien.
sth AIthou gh it is not claimed that there can be
any better securities than Governments, there are
parties who consider a first mortgage upon such a
property this the very best security in the world
and who sell their Governments to enyest in these
bonds-thus securing greater interest.
9Th As the Union Pacific Railroad bonds are of
fered for the present at 90 cents the dollar and
accrued interest they the cheapest security in
the market, being Is per cent. less than U.
Stocks.
10th At the current rate of premium on gold
they pay
OVER NINE PER CENT INTEREST.
The daily subscriptions are already large, and
they will continue to be received in 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 and
.aescri ptive pamphlets may be obtained. They will
Also be- sent by mail from the Company q Once No.
20 Nassau street, New York, on application Sub
cribers will select their own Agents In whom they
have confidence. who alone viii be responsible to
them for the safe delivery Of the bonds
JOHN J. CISCO, Treasurer, +.
jy20- cost -. ..4.zaessgs New York.