The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-28
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 value
of the First Mortgage Bonds which the
Company now Offer to the public. Inc
first question asked by prudent investors
is, "Are these. bonds secure?" Next, 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 dfty million dollars in
its own bonds practically guarantees 1t.
One ocrth of the work is already done,
and the track continues to be laid at the
rate of two miles day.
1.-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 it must be the
only line connecting tie Atlantic and Pa
cific; and being without competition, 1t
can maintain remuneratiye rates. 3
Sd. Four hundred and twenty-five miles
of this road are finished, and fully equip
ped with depots, locomotives, cars, &C..
way. The materials for the remaining
nineLy-two miles to the eastern base of
the Rocky Mountains are on hand, and 1t
h under contract to be done in September.
4th The net earnings of the sections
already finished are secerat 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, bat be profit-
able to the Company. 9 sra 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 bondJfde property.
i 9Th. The amount Is strictly limited by
law to a sum equal to what is granted by
| the q. S. Government, and for which II
| takes a second lien as its security Ihis
| amount upon the first SIT miles west from
| Omaha is only $1,000 per mile.sxr lR
7th. 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 fve million dollars
/ upon the stock (which is to them third
| lien), may well inspire confidence in
first lien.
L. Sth.g Although 1t Is not cidinheu .h<''
! there can be any better securities than
Governments, there are parties who con-
/ slider FIRST mortgage upon such property
as this the very best security in the world
and who >ell their GovefnnieptsAto rein
| vest in these bonds thus securing a
I greater interest.
9th. AS the Union Pacific Railroad bonds
| are offered tor the present at 30 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
mole than Is per cent. less than U. s.
| stocks. IEEf8f & tt#*
10th. All the current rate of premium on
| gold. they pay
/ Ouer 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,
I No. Nassau Street;
CLARK. DODGE 4 Co.. Bankers,
tHf.fs-s 51wall Street;
JOHN ]. CISCO & Son, Bankers,
No 80 Wall Street;
and by Banks and Bankers generally
| throughout the United states, of whom
maps and descriptive pamphlets may b'
obtained. They will also be sent by mai
from the Company's Office, No. 20 NASSAU
Street, New York. on application. Sub
scribers will select their own Agents, IL
whom they have confidence, who alon
will be responsible to them for the SAT
delivery of the bonds.
RI JOHN J. CISCO, Treasurer
4 ata9 NEW YORK.