The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-09-11
e II u
UNION PACIFIC
railroad Co
THEIR FIRST MORTGAGE BONDS
AS an Investment.

Inc rapid progress of the Union Pacific Rail
-. ou'ldlng west of Omaha, Nebraskaand
o. WIN It's western connections an unb~ok-
" 'A''e 'he continent, attracts attention to
Tue value Vi the FIRST Mortgage Bonds which thc
Company now offer to the public The first opas.
ton asked by prudent investors is. "Aro ib.s.
bonds seeureT' Next Are they a preftablc -,
vestment?" To reply in brief:
LIST. The early completion ofshe whole great
line to the Pacific is certain as any future bus
mess event can be. The Government grant Of
overtwenty million of land and fifty million
dollars IN its own bonds practically guarantee if.
one-tourth of the work is already done, and the
track continues to be laid at the rate of two miles
| day. .s
| 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 onl~ line connecting
I the Atlantic and Pacific; and being without com
| petition, it can maintain remunerative rates
Sd. 425 miles of this road arc finished. and
| fully equipped with depots, locomotives. ears &c.
and two trains are daily running each way The
materials for the remaining 80 miles to the east
ern base of the Rocky Mountains are on hand
and Ii is under contract to he 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.
5th. The Union Pacific Railroad bonds can be
issued only as the road progresses, and therefore
can never be in the market unless they represent
a bora fde property.
! 9th. Their amount is strictly limited by law to
a sum equal 10 what is granted by the L. S. Gov
eminent and for which it takes 4 second lien as
| its security. This amount upon the first 5l7
| miles west from Omaha is only $4,000 per mile.
| 9th. The fact that the L. S. Government con-
/ s.ders 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 lien may wellinspire confidence in a first
| lei. .tse cd IS.
| Slh. Although il is not claimed that there
be any better securities than Governments, there
are parties who consider first mortgage upon
sch property as this the very best security in
the world, and who sell their Governments to re-
invest in these bonds-thqs securing greater in-
| tcrest
eth. As the Union Pacific Railroad boads are
offered for the present at 90 cents on the doll n
and accrued interest, they the cheapest seeuri
| ty in the market, being more than IS per cent
less than [. s Stocks.
10th. At the current rate OF premium on gold.
they pay
over III g Per Cent Interest.
The daily subscriptions are already large, and
they will continue to be received IN New YORK b.
the
CONTINENTAL NATIONAL BANK, No Nassau
S.reet,
Glars, DoDGE i Co., BANNERS, 81 Wall st.
JoHE J. Cisco 4 SoS, Banners, No. 80 Wall
Street,
and by BANKS AND BAcTKERs generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained. Trey
| viii also be sent by mail from the Company :
/ Office No. 20 Nassau Street, New York, on appli-
cation. Subscribers will select their own agents
in whom they have confidence, who alone wiA he
responsible to them for the safe delivery OF toe
bonds.
JOHN 7. CISCO,
TREASl RER.
NEW YORK.