The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-09-27
IT II -
UNION PACIFIC
Railroad Go.
THEIR FIRST MORTGAGE BONDS
As an Investment.

The rapid progress of the Union Pacific Rail-
road, now building west of Omaha, NebRska, and
forming, with its western connections, an unbrok-
en- line across 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?" Next, "Are they profitable in
vestment? To reply in brief:
LIST. The early completion of the whole great
line to the Pacific is certain 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 be laid at the rate of two miles
| a day.
I'd. The Union Pacific Railroad bonds 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. AIS miles of this road finished, and
fully equipped with depots, locomotives cars, DC,
| and two trains daily running each way. The
materials for the remaining 90 miles to the east
| ern base of the Rocky Mountains 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
| were built, the part already completed would not
| only pay interest and expenses, but be profitable
to the Company.
| 9Th. The Union Pacific Railroad bonds can be
issued only as the road progresses, and therefore
can never be in the market unless they represent
bona Jids property.
9Th. Their amount is strictly limited by law to
sum equal to what is granted by the U. 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 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
a third Hen) may well inspire confidence in = frat
lien.
Sth. Although it is not claimed that thele
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 a 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 sscur-
ty in the market being moro than Is per cent.
| less than U. S. Stocks.
leth. AT the current rate of premium on gold,
they pay
$ Over Nine Per Cent. Inter est.
The daily subscriptions already large, and
they will continue to be received in New York BY
the
CONTINENTAL NATIONAL BANK, No. 7 Nassau
Street,
0 CLARE, DoDGE Co., BANKERS, 81 Wall ST.
JOHN J. Cisco f Son, 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 Companys
Office, No. 90 Nassau Street, New York, on appli-
| cation. Subscribers will select their agents
E in whom they have confidence, who alone will be
responsible to them for the safe delivery of the
bonds.
JOHN :. CISCO,
TREASURER,
MENU YORK.