The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-22
UNION PACIFIC
----------RAiEROAD Co.
Their FIRST MORTGAGE BONDS
- AS AN INVESTMENT. -

Z The rapid progress of the Union; Pacific
|. Railroad, now building west from Omaha,
| Nebraska, and forming, withIlts western
connections, an nn brox EN- line across the
continent, attracts attention to the va.ue
lof the; First Mortgage Bonds which the
Company now ofer to the, public. The
i first question asked by prudent Investors
!. is. care these bonds secure ~. Next, re
thsy pf0t4sta st sd iln9vsTtm nh'tt o reply
it. Tie early yfc completion ,ml ion Of the whole
great line to the Pacific is as certain as any
future a1usfness event can be- The Gov
acres Of land and fifty million; dollars. in
/ lis own bOnds practically gnaran tees it..
one-fourth OF tie work is already done,
and the track continues to be laid at the
rate of two miles day.
II ID. The uuiont Pacific Railroad. bonds
are issued upon what promises to be one of
the most proftahd lines Of railroad in the
country. For many years it must be the
only line con Meeting the Atlantic and Pa
cific; and being without com petition, it
can maintain remunerative rates. 80
Z 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
nineLy-two miles to the eastern base Of
the Rocky Mo1ntains are on hand, and it
is undkfsc0dt fhst d be done inaSeptember.-
4th. The net-earnings of the sections1
already hnishedi are seceraE tiDaes greqters
than the gold, Interest upon The First
Moftgages Ronds yppn suGh Sectfehs. and
IL not apot heT Mile 0 Che road were built
the part already com plsted world not only
pay interest and expenses, but be profit ri
able to the COp pany. =
5th. The Union Pacific Railroad bonds
can't be issued only as she road progresses,
and therefore can newer be In The market
unless they!represent a bona5sde property.
= 9TH. The amount is strictly limited by
law to q sum equal to what Is granted by
the u. s. Govern 1nent, and for which it
takes second Lien as its security |. This
amount upon. the 1rst 5l7 miles; west from
Omaha Is only SIG, $50 per mile, aoF6y u
= 18th. The fact that the u, 8, government
considers. q. second lien upon the road a
good. Investment. and that some fofl the
railroad builders or the country 4
have already paid In i've million dollars /
upon the stock (which is to- them d third
lieni, may well inspire con fdence- in a
ifsU Iien.c1i ba1G3 81 sEg Qiw .Snoi | al
j stn. Although TIT isrnosg claimed that i
there can be any better securities than
Governments, there are parties who con-
slider 4 FIRST mortgage upon such property
rs this the very best security in the,world, /
and who cell their Governments to rein
vest Ia these bonds = thus securing a |
greater interest. lao n ftqasr sye4Iof i
: 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, beng
more than Is per cent. less than U. 81 /
stocks -" - - "2* Il
ION !; A \, a Of p Premium On
rsdt Ouer Nine per GEM. Interest. \
The daily subscriptions are already large,
and they will 'continuelto be received in /
New YorkFpy the .li4fi 7 81. = 9d7 70 Ri
lnatlo oST1NENTALs NATIONAL BAsK,e II
oto = rotsaiaee4 Nos7 Nassau Street,
.becHARKi popsE 4 Co, BanHers, .qu Il
o; I'd, JOIN u .J2cr CISCO Son, Rs NIKE
r.. No. 81 Wall Street; 4
apd by Banks ard Baakers generally
throughout the United states, OF whom
obtained. They viii also be, sent by ms'e
from the ieonpanys Office, No. y 1yessa a.
stree, -New TYorK, ION Application. sub
scribers wild Select fthes own "A gents, ina
wnornl the 'nayesoonfdenee whe asoneEt
will be responsihle to them TOR the safed
efishe bonds Tof molnHoId Sdi
irtdJOHNsJ. CISCO, q'teasarer.i
nav NEW YORK "a
81 tgGEyTs liz. BvA Hsv1LLF. h9f
EVANSVILLE NATIONAL BANK. Il.