The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-11-03
ONE OF THE
BEST INVESTMENT8.
FIRST MORTGAGE BONDS
u Mo N PACIFIC
RAILROAD GO.
$50 Miles Completed.

limited amount of the First Mortgage Bonds OF the
Union Pacific Railroad Company are offered TO the
public as one OF the safest and profitable In
vestments.
!. tt ey first mortgage upon the longest ana
m ost important railroad in the country.
g. By law they can be Issued TO the Company only
az the road is completed so that they always repre-
sent real value.
8. Their amount is limited by act Of Congress "a
Fifty Million Dollars the entire Pacific line or an
aversg Of less than 1000 per mile.
4. Hon. f. d. Morgan, OF the United States Senate
and Hon. oskes Ames. Of the Unied States House OF
Representatives the trustees for the bondhodess
TO see that all their interests protected.
Five Government Dlrsctofs, appointed by the
President ofthe United States responsible the
country for the management OF its affairs
8. Three United States Commissioners must certify
that he road is well built and equipped, and In all
respects rst'class railway, before bonds can be
Issued upon 1t.
2. The United States Government lends the Coml
paDy It's own bonds to the came amount that tho
Company Issues, for which t takes second mortgage
q security.
g. AS additional aid, 1t m axes absolute donation
OF IL OF land to the mile, lying upon each side
OF the road.
Q. The Bonds pay SIX PER CENT. IN GOLD. and
the principal is also payable in gold,
TO- The earnings from the local or way business
were ever FOUR MILLION DOLLARS last year,
which alter paying operating expenses, was much
more than sufficient to pay the interest These
earnings will be vastly Increased on the completion
OF the entire line In 1855.
II. no political action reduce the lrate OF inte
1t must remain for thirty years. per cent per
in gold, now equal to between eight and nine
per cent. in currency The principal is then payakLe
gold. If bond, with such guarantees, issued
by the Government, Its market price would not be
less than from twenty TO twenty five per pro-
MUM. AS these bonds Issued under Government
authority and supervision upon what is very largely
q Government work, they must ultimately approach
Government prices No other corporate bonds are
made secure
IL. The issue will soon be exhausted. The sales
have sometimes been half million day, and nearIy
twenty millions have already been sold. About ten
millions more may be offered 1t Is not improbable
that time not far distant all the remainder
OF the bonds the Company issue will be by
some combination OF capitalists and Withdrawn from
the market, except AT q large advance. The long
time high gold interest," ana the perfect security
must make these bonds ueJy valuable for ex port.
All IL predictions which the officers OF Com-
paDy have ade In relation to the progress and bus
ness su of their enterprise the value and ad
vance the price OF their securities, have been
confirmed and they therefore suggest that
ii es who desire 10 In in their bonds OIH d to
their adj aitdge TO do so at once.
The price for the present is O2 and accrued interest
a. Six per cent, In currency rom July l.
Subscriptions will be received in Philadelphia by