The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-10-26
RAILROAD co.
800 Miles Completed.

limited amount OF the First AfortRave 1,pdsorthe
Union Pacific RNilIoad Couthry are offered To the
public as one OF the safest meal proatsble In
vestments. III
1. IT. ey are a first mortgsre uron the longest and
moBt important railroad In the country,
2 BY law they can be isHutd TO the Company only
as the itao is completed, 80 that they always repre-
sent real value.
9. Their amount Is limited by act of C1urregs 10
Fifty Million Dollars on the entire PAcln1 line or an
average OF less than sSO,OCO per mile.
4, Hon. H. D. Morgan, OF the United States Sen ate
ano Hon. Oakes Ames, OF the Uui,ed Sayes House OF
Representatives tie es for the
TO see that sll their interests are protected.
Five Government Directors, appointed by the
President ofthe Uni ed Sateg, responsible TO the
country for the managem eDt oI ia affairs
9 9hTee United states Comml5sionegs must certify
that The road is well built and equipped and In all
respects hTstclsss rtlw ay before any bonds can be
Issued upon It.
z. The United Ststes Government lends the Com
pany It's own bonds TO the esme amount that the
Company Issues for which iE takes second mortgage
az security
g. AS additional aid 1t ma kes absolute donation
OF IL 500 acres OF land to the mle lying upon
OF the road
o. The Bords pay SIX PER CENT. IN GOLD, and
the principal s alnO payable in gold,
TO- 1be earnings fIom the local way business
were over -FOUR MILLION DOLLARS last year.
which alter paying operating expenses, was much
more than sufficient to pay the Interest. These
earnings viii he vastly increased the completion
OF the entire line in 1862
II. no political action reCuce the lrate of inte
1t must remain for Thirty years, per cent per
dnnUnt gold, now equel TO between eight and nine
per cent In currency. The principal is then payable
In gold. If bono, with guarantees, were 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
a 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 be en- hRlf IL illon day, and oearly
twenty millions have already been sold. About ten
millions may be ofler, d. 1t is not improbable
that some time not far distant, all theremander
of bonds the Company Issue will be taken by
some combination OF capitalists and Withdrawn from
the market, except at large advance. The long
time high gold interest ana the perfect security
must make these bonds uery valuable for export.
All IL predictions which the officers of the Com
papy made in relation TO the progress and bls
ness su their enterprise the value and ad
vance in the price of their securities have been
tn an confirmed, ana they therefore suggest that par
II es wnV "eSi.o IN their bonds iVlH Rnd TO
their adj dntdQe TO do 8 at once
The price for the present is O2 and accrued interest
al six per cent. in currency, from uly 1,
Subscriptions will be received in Philadelphia by