Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-07-23
i 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 un.
broken line 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 yn Next "Are they a profitable
Investment ?" To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is as certain as any future
business event can be. The Government grant oil
twenty million acres of land and fifty million
dollars in its bonds practically guarantees it
& One tn of the work is already done and the
track continues to be laid at the rate of two miles
a day got. stt s9st Hatt 80
{ I'd. The Union Pacific Railroad bonds are issue d
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 competition
it can maintain remunerative rates.
= Sd. sc miles of this road finished, and fully
equipped with depots, locomotives, cars, &C. and
two trains daily running each way The ma
terialsfor the remaining al miles to the eastern
base of the Rocky Mountains are on hand, and is
under contract to be done in September
,4th. The net earnings of the sections already
finished are seceral times 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.
5th. The Union Pacific Railroad bonds can be
ssued only as the road progresses, and therefore
can never be in the market unless they represent
a bona.fde property. a.Es #gs
9th. Their amount is strictly limited by law to a
sum equal to what is granted by the United States
Government, and for which it takes second lien
as its security. This amount upon the first 5I7
miles west from Omaha is only Sl6.oa8 per mile.
18th. The fact that the United States Government
considers a second lien upon the road good in
yestment, and that some of the shrewlest railroad
builders of the country have already paid in five
million dollars upon the stock (which is to them a
third lien may we'll inspire confidence in first
lien.
9Th. Although ii is not claimed that there can be
any better securities than Governments. there are
parties who consider first mortgage upon such a
property this the very best security in the world
and who sell their Governments to reinvest in these
bonds-thus securing greater interest.
9th. Asthe Union Pacific Railroad bo nds are of
fered for the present at 80 on the dollar and
accrued interest, they are the cheapest security in
the market, being 10 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 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
descriptive pamphlets may be obtained. They will
also be sent by mail from the Company Office No.
20 Nassau street, New York, on application. Sub
scribers will select their own Agents in whom they
have confidence, who alone will be responsible to
them for the safe delivery of the bonds.
JOHN j. CISCO, Treasurer,
jyc0- eo6t . New York