The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-22
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 ya1ue
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, s'Are
they a profitable investment? To reply
in brief:
LIST. 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 a day.
I'd. The Union Pacific Railroad bonds
are issued upon what promises to be oneof
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, it
can maintain remuneratiye rates.
Sd. Four hundred and twenty-five miles
of this read are finished, and fully equip
ped with depots, locomotives, cars, &C.,
and two trains are daily running each
way. The materials for the remaining
nineJy-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
ii not another mile OF tue road We're 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 progresses,
and therefore can never be IN the market
unless they represent bona Jsde property.
9th. The amount is strictly limited by
law to a sum equal to what is granted by
the u. s. Government, and for which it
takes second lien as its security This
amount upon the first SIT miles west from
Omaha is only $4,000 per mile.
It'll. The fact that the U. s. Government |
considers a second lien upon the road q
good investment, and that some of the |
shrewdest railroad builders ofthe country
have already paid in i've million dollars |
upon the stock (Which is to them a third /
Iien), may well inspire confidence. in a I
first lien. 4
8th. Although it is not claimed that |
there can be any better securities than I
Govern ents, there are parties who con-
slider a first 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 a
greater interest. aat III Ka Il
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, beng
mole than 10 per cent. less than U. S.
stocks. a-s.r.1 III.
10th. At the current rate of premium on
gold, they pay I
OUer Nine per Cent. Ilaterest.
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, DoDGEA Co., Bankers,
81 Wan Street;
JOHN ]. CISCO & Son, Bankers,
No. 50 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. 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.
JOHN J. CISCO, Treasurer,
NEW YORK.
AGENTS IN EVANS VILE:
EVANSVILLE NATIONAL BANK.