The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-23
UNION PACIFIC
RAILROAD CO.


- . AS AN INVESfMKNT.
+ The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with itsiwestern
connections, an unbroken line across the
continent, attracts attention TO the vaaue
of the First Mortgage Bonds which the
Company now ofre- to the public. The
nrst question asked by prudent Investors
Is, "Are these bonds secnref, Next, "Are
they profitable inyestmsnt' To reply
LIST. The early completion of the whole
great line to the Pacine 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 1t.
One-fourth of the work is already done,
and the track continues to be laid at the
rate of two miles a day. OFT
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, IL
can maintain remuneratiye rates. isg 10
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
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
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 a bona tide property.
9th. The amount is strictly limited by
law to a sum equal to what is granted by
the u 8. Government, and for which it
takes q second lien as its security. This
amount upon the first 5i7 miles west from
Omaha is only sl6,00O per mile.
7th. The fact that the u. s. Government 1
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 a third
nen), may well inspire confidence in a |
first lien. f 4
sth. 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 who sell their Governments to REIN
vest In these bonds thus securing a
greater interest. eNE n |
eth. As the Union Pacific Railroad bonds
ora ~ frx ta m
the dollar and accrued interest. they are
mole than Is per cent. less than u. s.
stocks. 4 f.s
10th. At the current rate OF premium on
gold, they pay fs.a III
Ooer Nine per Cent. Interest
The daily subscriptions are already large,
and they will continue to be received- in
New YORK by the. sf4ai Aft "a
CONTINENTAL NATIONAL BANK,
-. ~ No. 7 Nassau Street;
CLARK, DODGE & Co., Bankers,
49,. 81 Wall street;
JOHN j. CISCO & sos, Bankers,
No. 80 Wall street;
and by Banks and Bankers generally
the United States, OF whom
maps and descriptive pamphlets may be
They will also be sent by mail
from the Company's Office No. 20 Nassau
Street, New York, ON application. Sub
'cribers win select their own Agents, In
whom they have confidence, who alone
win be responsible to them for the safe
OF the bonds. 8h9 9.TE saE gdg II
JOHN. CISCO, Treasurer,
So N ~ 81 sNEW YORK;
40ENTS Nv ETANSVILLE:. YEA
EVANSVILLE NATIONAL BANK. W
tul0 dAw3mE aft d3fH ssfHqqT II