The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-12-06
THE
UNION PAGNFSG
RAILROAD co.
Their FIRST MORTGAGE BONDS
As AN INVESTMENT.

The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with Its western
connections, an unbroken line across the.
continent, attracts attention to the wall
of the First Mortgage Bonds which
Company nav Offer to the public.
first question asked by prudent invest
is, ''Are these bonds secure?" Next, ''4a4.
they profitable Investment" To res L
in brief:
Ist. The early completion of the VII
great line to the Pacific is as certain asgi
future business event can be. The Ge
eminent grant of over twenty million
acres of land and fifty nEnon dollars in
its own bonds practically guarantees it.
One-fourth of the work is already done
and the track continues TO be laid at the
rate of two miles day.
I'd. The Union Pacific Railroad bonds
are issued upon what promises to be one OF
the most profitable lines of railroad in the
country. For many years it must be the
only line connecting the Atlantic and Pa
cific; and being without competition, II
can maintain rernunerative rates.
Sd. Four hundred and twenty-five miles
of this road are finished, ana fully equip
ped with depobs, locomotives, cars, tSc4.-
and two trains are daily running sac
way. The materials for the remaining
nineLy-two miles to the eastern base of
the Rocky Mountains are on hand, and il
is under contract to be done in September.
4th. The net earnings of the sections
already finished are several times greater
than the gold interest upon the First
Mortgage Bonds upon FsucII sections, RnG
aif not another mile OF the road were built
the part already completed would not only
pay interest and expenses, but be profit.
able to the Company.
5th. The Union Pacific Railroad bonds
can be issued only as the road progf esses,
and therefore can never be IN the market
unless they represent bono-Jtde property,
6th. The amount is strictly limited by
law to a sum equal to what is granted by
the u. 5. Government, and for which Is
takes a second lien as its security. This
amount upon the first SIT miles west FROM
Omaha is only $4,000 per mile.
7th. The fact that the u. $. GovernDfsnG
considers a second lien upon the road a
good investment, and that some OF the
shrewdest railroad builders OF the country
have already paid in five million dollars
upon the stock (Which Is TO them third
lien), may well inspire confidence in
first lien. .
9Th. Although it is not claimed that
Governments, there are parties who con-.
slider hrst. mortgage upon such property
as this the very best security in the world
and who sell their Governments to REIN
vest in these bonds - thus securing 81
greater interest.
9Th. AS the Union Pacific Railroad bonds
are offered for the present At 90 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
more than Is per cent. less than II. 8
stocks. ssiis IF
10th. AT the current rate of premium on
gold, they pay
Ouer Nine per Cent. Interest.
The daily subscriptions are already large
and they viii continue to be received Ia
New York by the
CONTINENTAL NATIONAL BANR,s
No. Nassau Street;
CLARK, DODGE d Co, Bankers,
81 Wall street.
JOHN j. CISCO & SON, RanFers.
No. 3 W9.l ~ir,-et;
and by Banks and Bankers generally
throughout the United States, Of whom.
maps and descriptive pamphlets may be
obtained. They will also he sent by mail
rom the Company's Office, No. % Nassau
Street, New York, on application. Sub
cribers will select their own Agents, in
ghom they have confidence, who alone
will be responsible to them for the safe
delivery OF the bonds.
JOHN j. CISCO, Treasurer.
NEW YoK
AGENTS IN fgVA Ms VKLLE.f
EVANSVILLE NATIONAL BANE
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