The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-30
UNION PACIFIC
RAILROAD co. a.as
Their FIRST MORTGAGE BONDS
AS AN INVESTMENT. 89


The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, aud forming, VI it'll ITS western
CONNECTIONS, an unbroKen line across the
continent, attracts attention to the van
OF the First Mortgage Bonds which the
Company now offer to- the. public The
first question asked By prudent investors
is, "Are these bonds secure?'D Next, "Are
they a profitable inyestnaent2fi' TIC, reply
in brief: -r.4 l,H.. cod ayef of,~T =
LIST. The early completion of the whole
great line to the-Pacidc is as certain as any
future business event can be. The Gov
eminent grant Of lover twenty million
acres of land and fifty million dollars in
its own bonds practically guarantees 1t.
One-fourth of tie work is already done,
and the track continues TO be laid at the
rate of two miles a day. ~ gu ttA- fo%
I'd. The Union Pacific Railroad bonds
are issued upon what promises to'be one OF
the most profitable liaes of railroad in the
country. For many years 1t must be the
only line connecting the Atlantic and Pa
cific; aud being without com petition, II
can maintain reniunerative rates. 80 ~
Sd. Four hundred and twenty 1--WE mil
of this road are finished, and fully equip
ped with ,deppts, locomotives, cars, &C.,
and two trains are daily running each
way. The materials Tor the REMAINING
ninety-two miles. TO the eastern base or
the Rocky Mountains are on handsland IT.
is untler contract TO be done In, Septenberc
/ 4tA.t The net EARNINGS of the sections,
already finished are several tilnes gfedtegr
THAN the. gold Interest upon the First
Mortgage Bonds upon such sections, aud
IL not anotherIniIe OF the road were built
the part already corn plefed would not only
pay fnterestiand expenses, but be profit
able TO the ComEssny.Hd scC.ldF-T 1Gqn
5th. The Union Pacific Isailroadn bonds
1 can be issued only as the road progresses,
and therefore can never, be IN the market
unless they represent a oond.jitie property.
9Th. The a.nount is strictly limited by
law TO a sum equal TO what is granted by.
the u. 8. Government, and for which IL
takes a second lien as its security. This
amount upon the first 5l7 miles west from
Omaha is only $1,000 per mile. a .,t. -
7th. The fact that the U. s. Government
considers second lien upon the road a
good investment, and that some Of the
shrewdest railroad builders OF the country
have already paid in i've million dollars.
upon the stock (Which is to them third
Iien), may well inspire, confidence in a
first lien. a $50. .--g .fs-..t a,e
there can be any better securities than
Governments, there. are parties who con-
slider nrst mortgage upon such property
as this the very best security in the world,
and who sell their Governments to rein
vest in these bonds II thus securing
greater interest. g. a7p gsnTpa b f.dff Az
9th. AS the Union Pacific Railroad bonds
are offered for the present at 80 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
more than Is per cent. less than U. 8.
stocks. "g ' I'd ~ : = 1''''''
10th. At the current rate of premium on
gold, they pay -ulfflf ~ esrEglfeur 5tf
91ODe5 Nine per Cent. Interest. 81
The daily subscriptions are already large,
and they will continue to be received In
New York by the fhAj N -IIiii o.. .gI
CONTINENTAL, NATIONAL BANK, eiei
No. Nassau Street;
CLARK, DODGE & Co., Bankers,
eioi 81 Wall Street.;
JOHN ]. CIsco& SON, BANKERS,
IS GaIEsc EGW No. 80 WaElStreet;
and by Banks ami Bankers generally
throughout the United states, of whom
maps and descriptive pamphlets may be
obtained. They will also be sent by mail |
from the Cornpany's office, No. 20 Nassau 1
Street, New York, on application. Sub
scribers will select their own Agents, in
whom they have confidence, who alone |
will irresponsible to them for the safe |
delivery OF the bonds. ~ etdt ~ I
7 JOHN j. CISCO, Treasurer,
-afsfae "iih iishtf NEW YORK. 4
ztH AGEyTS- IN EVA NsHILLE: ~"
EVANSVILLE NATIONAL RANK.