The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-15
UNION PACIFIC
RailrOad.Co.
THEIR FIRST MORTGAGE BONDS
AS an Investment.

ne rapid progress of the Union Pacific Rail-
loau, now building west of Omaha Nebraska and
forming with its western connections .,
en- line across the continent
the value of the First Nor,
e' - 'he public. The first cues
'io" "sheu ny Prooeht investors Is care these
bonds secure Next, "Are they prestab,s in
vestment?" To reply in brief:
LIST. The early completion of the whole c..
line to the Pacific is as certain as anv f,turs r.
mess event can be. The Government gran, -
over twenty million acres of land and ftv miIJio,
dollars IN its own bonds practically guarantee !,
One fourth of the work is already done. and -,
track continues to be laid at the rate of two nis,
day.
I'd. The Union Pacific Railroad. bonds are is
sued upon what promises to be of the most
profitable lines of railroad in the country. For
many years it must be the onl~ line eonnect;n,
the Atlantic and Pacific; and being without com
petition, it can maintain remunerative rates
3D. 425 miles of this road are finished. and
tally equipped With depets, locomotives. cars&c..
ana TWO trans are daily running each way The
materials for the remaining go miles to the east
ern base of the Rocky Mountains are ON hand
and il is under contract to be done in Septemher.
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.
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 tide property.
9th. Their amount is strictly limited by law to
a sum equal to what is granted by the Z. S. Gov
eminent and for which it takes second lien as
its security. This amount upon the first 5l7
miles west from Omaha is only $4,000 per mile.
eth. The fact that the Z. 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 ien) may well inspire confidence in first
lien.
Sth. Although it is not claimed that there can
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
| 10th. At the current rate Of premium on gold
they pay
over Nine Per Cent. Intere est.
| The daily subscriptions are already large, ant
they will continue TO be received in New York By
1 the
CONTINENTAL NATIONAL BANK, no. Nassau
| Street,
CLARE, DoDsE Co., BANKERS, 81 Wall ST
| JOHN j. Cisco Son, BANKERS No. SO Wal
| Street,
and by BANKS AND BANKERS generally
throughout the United States, of whom maps ant
| descriptive pamphlets may be obtained. They
| will also be sent by mail from the Company.
| Office, No. 20 Nassau Street, New York, on appli
| cation. Subscribers will select their own agent
in whom they have confidence, who alone will b
responsible to them for the safe delivery of tn
bonds.
JOHN !. CISCO,
| TREASURER.
NEW YORK.
may30dw3m.