The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-26
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 tbs
Company now offer to the public. III
first question asked by prudent investo1
iss"Are these bonds secure9" Next, A.
they a profitable investment?" To reFf-
in brief:
LIST. The early completion of the wnoIs
great line to the Pacific is as certain as any
future business event can be. The Cow
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 day. E
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 1t must be the
only line connecting the Atlantic and Pa
citic;. and being without competition, If
can maintain remunerative rates.
Sd. Four hundred and twenty-five miles
of this road are finished, and fully equip
ped with depOts, locomotives, cars, De-.
and two trains are daily running each
way. The materials tor the remaining
nineLy-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
if not another mile OF the road were built
the part already completed would not only
pay interest and expenses. but be profit
able to the Company.
9Th. 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 60aG-ftde property,
9TH. The amount is strictly limited By
law TO q sum equal TO what is granted By
the u. S. Government, and for which Il
takes a second lien as its security. This
amount upon the first 5I7 miles west from
Omaha is only SI6,O80 per mile.
7th. The fact that the U. s. Government
"a second Iien upon the road a
good investment, and that some of the
shrewdest railroad bailders OF the country
have already paid in five million dollars
upon the stock (which il to them third
ienl, may well inspire confidence in a
first lien.
8th. Although it is not claimed that
there can be any better securities than
there are parties who con-
slider drst 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.
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
mole than Is Far cent. less than U. s.
etaatss y &c tt-s - #tst
10th. At the current rate of premium on
gold, they pay
Ouer Nine per Cent. Interest.
3 The daily subscriI tions are already large.
and they will continue to be received In
New York by the
CONTINENTAL NATIoEAL BANK,
No. Nassau Street;
CLARK, DODGE & Co, Bankers,
81 Wall Street;
JOHN j. CISCO q son, Bankers,
No. IS Wall street;
and by Banks and Bankers generally
throughout the United States, OF whom
maps and descriptive pamphlets may be
obtained. They viii also he sent by mail
rom the Company's Office, No. 20 Nassau
Street, New York, on application. Sub
;cribers will select their own Agents, In
Fhom they have confidence, who alone
viii be responsible to them Tor the safe
OF the bonds. ssa.-..
JOHN J. CISCO, Treasurer
NEW YORK.
AGENTS IN EVAM VILE: