The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-09
THE
UNION PACIFIC
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. va-ue
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?" Next, fare
they profitable investment? To reply
in brief: piii of"in @ u Z. 90 = 80
ist The early completion of the whole
great line to the Pacific is as certain as any
future business event can be. The Gov
eminent grant of over twenty million
acres of land and fifty million 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. 4sla7~ aA04
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 1t must be the
only line connecting the Atlantic and Pa
cific; and being without competition, 1t
can maintain remunerative rates
= Sd. Four hundred and twenty-five miles
of this road are finished, and fully equip
ped with depots, locomotives, cars, &C.,
anu TWO dfc OtIly IdhhAh5 CeeSh
way. The materials for the remaining
ninety two miles to the eastern base of
the Rocky Mountains are on hand, and it
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 such sections, and
If 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. "Pt
5th. I he Union Pacific Railroad bonds
can be issued only as the road progresses,
and therefore can never be IN the market
unless they represent bona tide property.
9th. The amount is strictly limited by
law to sum equal to what is granted by
the u. 9. Government, and for which IL
takes a second lien as its security. This
amount upon the first SIT miles west from
Omaha is only $1,000 per mile. 8d
= nth. The fact that the U. s. Government
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
lienl, may well inspire confidence in a
first lien. - ...-.-. .55.l5 ss.st .ssf5l-
Sth. Although 1t Is not clalfnSu tnat
there can be any better securities than
Governments, there are parties who con-
slider a drst 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
greater interest. DIX aal-tsF la
9Th. AS the Union Pacific Railroad bonds
are offered tor the present at 80 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
mole than Is per cent. less than U. 3.
stocks.
10th. At the current rate of premium on
gold, they pay .a
Over Nine per Cent Interest.
The daily subscriptions are already large,
and they will continue to be received in
New York by the
CONTINENTAL NATIONAL BANK,
No. Nassau Street;
CLARK, DODGE q Co., Bankers,
81 Wall Street;
JOHN j. CISCO & Son, Bankers,
No. 81 Wall street;
and by Banks and Bankers generally
throughout the United States, of whom
maps and descriptive pamphlets may be
obtained They will! also be sent by mail
from the Company's Office, No. 20 Nassau |
Street, New York, on application. Sub
scribers will select their own Agents, in |
whom they have confidence, who alone |
will be responsible to them for the safe |
delivery of the bonds. 7 .tas - |
=. JOHN j. CISCO, Treasurer,
49,, ,lsf..i7r .4f I'M NEW YORK.
.,9s AGENTS IN EE4NsVILLE: ~