The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-10-23
ONE OF TINE
BEST INVESTMENTH
FIRST MORTGAGE BONDS
UNi0 N PACIFIC
RAILROAD 90.
$50 Miles Completed.
$50 Miles Completed.

A limited amount Of the First Mortxsre Bonds oSvna
Union Pacific Railroad Company are offered 10 tha
public, ss one OF the safest and meet profitable In
vectments.
1. tt ey are hrst mortgage upon the iensess aaa
most important railroad In the country.
BY law they can be issued to the Company sniy
as .he teeo s completed so that they always reprs.
sent real value.
s. Their amount is limited by act OF Congress 70
Fifty Million Dollars on the PAciao line or an
average OF less than $4,000 per mile.
4. Hon. Il. d. Morgan, of the United States Senate
and Hon. oAkes Ames, OF the Uhisd States House o.
Representatives are tie trustees for the bondhodecs
to hat all their interests are protected.
Five Government Directors, appointed By the
President ofthe Uned States. responsible 70 the
country for the management OF It's affairs
8. Three United states Commissioners must certify
that ihe road is well built and equipped. and In all
respects hrstclaas railway. before bonds can hs
Issued upon It.
2. The United States Government lends the Coma
paDy Its own bonds to the same amount that tina
Company issues for which It takes second mortgage
as security.
8. As additional aid, 1t m axes absolute donation
OF of land the mile, lying upon each side
OF the road
o. The Bonds pay SIX PER CENT. IN GOLD, and
the principal s also payable In gold,
10. 1he earnings from the local or way business
were over -FOUR MILLION DOLLARS last year,
which after paying operating expenses. was much
more than sufticent to pay the interest These
OF the entire line In 1862
II. No political action reduce the Irate OF inte
rest. for thirty years. per cent per
dnnVni Oold now equal 10 between eight and nine
per cent. In currency The principal is then poyo0Jo
IN gold II bono, with such guarantees, issued
by the Government, It's market price would not be
less than from twenty 70 twenty-five per cent pro.
MUM. AS these bonds issued under Government
authority and supervision upon what s very largely
o 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 nearly
twenty millions have already been sold About ten
millions may be- offered. 1t Is not improbabIs
that at time not far distant all the remainder
the bonds the Company issue Will bs taken by
some combination OF capitalists and Withdrawn from
the market, except at q large advance. The long
time the high gold interest," ana the perfect security,
must make these bonds uery valuable for export.
ALL u predictions which the officers OF the Oona-
pany have made in relation to the progress and bust
of their enterprise, or the value and ad
vence the price of their securities, have been
than confirmed ard they therefore suggest that par
ii es who desire to in their bonds tS,u nd 10
their odlontdge 10 do so dt once.
The price present is 02 and accrued interest
NJ six per cent. in currency. from July 1.
Subscriptions will be received In Philadelphia by