The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-10-30
FINANCIAL.
ONE OF TIE
BEST INVESTMENTS.
FIRST MORTGAGE BONDS
OF THE
u MO N PACIFIC
RAILROAD GO.
$50 Miles Completed.
RAILROAD co.
$50 Miles Completed.

A limited of the First Mortgage Bondsorthe
Union Pacific Railroad Compony ere offered to the
public as one OF the safest and most profitable in.
vestments,
!. II ey are a first mortgage upon the longest and
most important railroad In the country.
p by law they can be Issued TO the Com pany cnly
sa the road is completed 30 that they always
sent real value,
8. Their amount is limited by act OF Congress to
Fifty Million Dollars the entire Paclhc line or an
average Of lees than Ss0OcOrer mile,
4, Hon. j.. j., Morgan, OF the United States Senate
ana Hon. cakes Ames, OF The Uni,eo States House Of
Representatives are tie trustees for the oondholders
10 see that all their interests are protected
g. Five Government Directors, appointed by the
President ofthe United States responsible to the
country foT the managem ent OF ItB affairs
g. Three United states Commissioners must certify
that The road is well built and equipped and in all
respects rstcass rRilWs sy before any bonds can be
Issued upon IT.
7. The United States Government lends the Com
pany Its own bonds to the same amount that the
Company Issues, ior which it takes second mortgage
as security.
g. AS additional aid, it no 8kes sn absolute donation
OF II VI LAND to the mile lying upon each side
OF the road.
o. The Bonds Pay SIX PER CENT. IN GOLD, and
the principal is also payable in gold,
TO- 1be earnings from the local or way business
were over FOUR MILLION DOLLARS last year,
which after paying operating expenses, was much
more than sufficient to pay the interest. These
earnings will be vastly Increased on tue completion
OF the entire line in 1862.
IL. No political action reduce the lrate of inte
rest 1t must remain for thirty years. per cent per
annUnl in gold. equal TO between eight and nine
per cent. in currency. The principal is then payable
In gold. If bond with such guarantees issued
by the Government, its market price would not be
less than from twenty TO twenty-five per cent. pre-
MUM. AS these bonds are 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.
II. The issue will soon be exhausted. The sales
have sometimes been half million day, nearly
twenty millions have already been sold. About ten
millions may be offered. 1t is not improbable
that time not far distant, all the remainder
of the bonds the Company can Issue will be taken by
some com binaton OF capitalists and Withdrawn from
the market, except at large advance. The long
time high gold interest," ana the perfect security
must make these ponds uery valuable for port.
ALL IL e predictions which the officers OF the Conn.,
- a..
ness of their enterprise the value and ad
vance In the price of their securities have been
tn an contrmed ana they therefore suggest that par
Ii es who desire to In in their bonds iV ind 10
their adj dntdqe 10 do so al once.
The price for the present is 1902 and accrued interest
al six per cent, in currency, from July l,
Subscriptions will be received philadelphia by
| DE HAVEN & BROTHER,
AT,