The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-09-12
UNION PACIFIC
Railroad Co.
THEIR FIRST MORTGAGE BONDS
As an Investment.


Inc rapid progress of the Union Pacific Rail-
,oAo' now building west of Omaha, Nebraska,and
'As' with Its western connections. an unbrok-
en hne across the continent attracts attention TO
tue 'Aiae OIL the First Mortgage Bonds which the
company now offer to the public. The s,s, ou.s
ton asked by prudent investors is, "Are these
bonds secure ?" Next, "Are they profitable IN
vestmentT" To reply in brief:
lst- The early completion of the whole great
line to the Pacific is certain as any future bus
mess event can be. The Government grant Of
over twenty million 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 to be laid at the rate of two mile,
day.
I'd. The Union Pacific Railroad bonds are it,
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. 425 miles of this road are finished, and
fully equipped with depots, locomotives ears,dc.,
! and two trains are daily running each way The
materials for the remaining 80 milesto the east
ern base Of the Rocky Mountains are on hand
and it il under contract to be done in September
4th. The net earnings of the sections already
| finished several times greater than the gob
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 bona tide property.
6th Their amount is strictly limited by law to
a sum equal to what's granted by the T. S. Gov
eminent, and for which it takes a second lien as
| its security. This amount upon the first 81.
miles west from Omaha is only $4,000 per mile.
eth. The fact that the U. S. Government con-
sders 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 len) may well inspire confidence in first
lien.
Stb. Although it is not claimed that there can
be any better securities than Governmental there
are parties who consider a first mortgage upon
such q 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 on the dollar
and accrued interest they are the cheapest sscur-
| ty in the market, being more than Is per cent.
less than Z. S. Stocks.
10th At the current rate of premium gold,
they pay
ever Nine 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
Street.
CLARE, DoDsE Co., BANKERS, 81 Wall St.
JOHN j. Cisco 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 Companr's
Office, No. 20 Nassau Street, New York, On appli-
| cation. Subscribers will select their own agent.
in whom they have confidence, who alone will be
responsible to them for the safe delivery Of the
bonds.
JOHN =. CISCO,
TREASURER
NEW YORK.