The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-03
= TTHE -
UNION PACIFIC
s RAIEROAD CO.
Their FIRST MORTGAGE BONDS
=sfrEl AS AN INVESTMENT.

The rapid progress OF the Union racine
Railroad, now building west from Omaha,
Nebraska, and forming, with its western
connections, an unbroken line across the
continent, attracts attention to the value
OF the First Mortgage Bonds which the
Company now Offer to the public. The
first question asked by prudent investors
is, aAre these bonds secure % Next, Are
they profitable Investment" To reply
in brief: ~ s,atsay e. aaffylaT 81 -
LIST. The early. completion of thefwhole
great line to the Pacific is as certain as any
future business event can be. The Gov
.ernment 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 con tinues to be laid at the
rate of two miles day. % szs fi.A,f y +,
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
CHIC; and being without competition, it
can maintain remunerative rates. 5'Faf.
Sd. Four hundred and twenty-five miles
/ OF this road are finished, and fully equip
ped with depots, locomotives, cars, &C..
and two trains are daily running each
way. The materials for-the remaining
ninetystwU miles to the eastern base of.
the Rocky MOUNTAINS are on hand, and it
Is under contract to be done in September.
4th.s The met earnings @ of the sections
already finished are several tinses greater
than the gold G interest upon the First
Mortgage Bonds upon such. sections, and
IL not another mile OF the road were built
the part already completed would, not only
3x< ~,
able to the Company. esq . ss7's
5th. The Union Pacific Railroad bonds
can be Issued only as the road progresses,
and therefore can never be in the market
unless they represent q bona.fde property.
9Th. The amount is strictly limited by
law to q sum equal to what Is granted by
the u. 8. Government, and for which 1t
takes q second, lien as its security. This
amount upon the first 5l7 miles west from
Omaha IL, only $751; $50 per mile. i 4f.;s, ~
9TH. 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 q third
nen(, may well inspire confidence in q
first lien. - . II II I
9Th. Although it is not claimed that
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 whoselfsheir Governments to re-ins
vest in these bonds thus securing q
greater interest.
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.
10th. At the current rate Of premium on |
gold. they pay
Ooer 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,
100 No. z Nassau Street; |
CLARK, DODGE & Co., Bankers, 4
81 Wall Street.;
JOHN j. Cisco & Son, Bankers,
No. SO Wall Street;
and by Banks and Bankers generally |
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.N Sub
scribers will select their own Agents, in
whom they have confidence, who alone
win be responsible to them for the safe
delivery of the bonds. "a -@ Z T. ~
JOHN j. CISCO, Treasurer.
p $50 NEW YORK.
AGENTS IN EVANSVILLE
!. EVANSVILLE NATIONAL BANK.
auIO dAw3m