The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-11-09
FINANCIAL.
ONE OF The
BEST INVESTMENTS.
FIRST MORTGAGE BONDS
OF TIE
UNTO N PACIFIC
RAILROAD 90.
500 Miles Completed.
500 Miles Completed.

limited amount Of the First Mortgage B0ndsofthe
Union Pacific Railroad Company offered 10 the
lublio as one OF the safest and most profitable ln
vestments.
l. Tley are first mortgage upon the longest and
M ost important railroad In the country.
O. BY law they can be issued 10 the Company only
the road is completed, 10 that they always repre-
sent real value.
g. Their smount is limited by sct Of Congress 10
Fifty Million Dollars the entire Pacific line or ga
average OF less than SS0OC0per mile.
4, Hon. E j. Morgan, of the United States Senate
Hon. Oakes Ames, Of the Uni.ed States House OF
Representatives the trustees Tor the bondholdes
10 see that ell theiE interests ere protected.
8 Five Government DirtCtora, appointed by the
President ofthe United States responsible the
country for the management OF It's affairs.
,Ihree United states Commissioners must certify
that tbe road is well built aud equipped and In all
poets 6rsclRss railway, before any bonds be
Issued upon it.
T. TIE United States Government lends the Com
pauy its own bonds to the same amount that tho
Company Issues, for which it taxes second mortgage
security.
s. AS additional aid, it skes sn absolute donation
OF II 500 Of 10 tine mle lying upon each side
OF the road.
Q. The Bonds pay SIX PER CENT. IN GOLD and
the principal ia also payable in gold
10. The earnings from the local or way business
were over FOUR MILLION DOLLARS last year,
which, alter paying operating expenses, was much
more than guf1cient to pay the interest. These
earnings Will be vastly Increased on tne completion
OF the entire line il 1869.
II. nc political action REFUGE the rate of inte
rest 1t must remain for thirty years slD per cent per
oni,t,n, in gold, now equal to between eight nine
per cent. In currency. The principal is ge payable
in Qold If bono, with such guarantees Issued
| by the Government, It's market price would not be
less than from twenty TO twenty-five per cent. pre-
| MUM. AS these Londs are issued under Government
authority and supervision, upon what is very largely
| a Government work, they must ultimately approach
| Government prices. No other corporate bonds are
| made so secure.
II. The issue will soon be exhausted. The sales
have sometimes been half million day, and dearly
twenty millions have eaoy been sold. About ten
millions more may be offered. IL is not i'm probable
that at some time not far distant all the remainder
of the bonds the Company Issue Will be taken by
some com binaton OF capitalists and Withdrawn from
| the market, except AZ q lsIge advance. The long
time, high gold Interest, ana the perfect security
| must make these bonds very valuable for export.
All the predictions which the officers of this Com.
pany have in relsuop to the progress bust.
ness su Ccess OF their enterprise the value
vance In the price of their securities have been more
than opfrmed, they therefore suggest that par
ties who desire 10 in in their bonds lVlu d 10
| their adj tantdqe TO do so al once.
The price for present s O2 and accrued interest
| 81 six per cent from July l. 1863 in currency.
Subscriptions win be received in Philadelphia by