The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-02
q THE e.
UNION PACIFIC
RAILROAD co.
Their FIRST MORTGAGE BONDS
As AN INVESTMENT.

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. The
first question asked by prudent investors
is, "Are these bonds secure?" Next, ""Are
they a profitable Investment" To reply
In brief:9 gJeW i3o A9H9fG3ga}
LIST. The early completion of the whole
great line to the Pacific is as certain as any
| future business event can. be. The Coy.
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 day. .s I99 80
I'd. The Union Pacific Railroad bonds
are issued upon what promises to be one Oh
the most profitable lines of railroad, in the
country For many years it must be the
only-hneconnectingt the At1antic and Pa
cific; and being without competition, it
can maintain remunerative rates. ni.J
! 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 band, and 1t
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
MOrtUo PondS 'r1nny, cuch saeti0nG and
II 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. go
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 6ofa0.fde property.
9Th. The amount is strictly limited by
law to a sum equal to what is granted by
the US. Gsvernm ent, and for which 1t
takes a second lien as its security. This
amount upon the first 5l7 miles west from
Omaha is only SIC, $50 per mile.
% 18th. The fact that the u. 8. Government
considers q second lien upon the-road a
good investment, and that some OF the
sarewdest railroad builders of the country
have already paid in five million dollars
upon the stock (which is to them a third
1ien), may well inspire confidence in
first lien. Is
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. Ig- +n.Gaf - s z
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 l5 per cent. less than u. 8.
stocks. . ~ va is..st.,e..r rt5sar r..
Z 10th. At the current rate Of premium on
gold, they pay r,eon g..,r, Iae =
-Ouer.Nine per Cent. Interest. Z gu
The daily subscriptions are alreadylarg
and they will continue to be received in
New York by the ~fGedi1
CONTINENTAL NATIONAL BANK, ~
l19EI f-TEU 2niNogfNassau Street;
sai CLARK, DODGE d Co., Bankers, 4hi
s93GstHeVrG - S.ynu 81 Wall Street,.
- JOHN J.e1sCo d SON, Bankers, if.- q
I'D TaBIiafEs No. 30 Wall Street;
and iiby Bam:sFIaptd Bankers generally
through out itheT United States, of whom
maps and descriptive pamphlets may be
obtained. They wiltalso be sent by mail
from the Company's Office, No. 20 Nassau
Street, New York, on application. Sub
scribers viii select their own Agents, in
whom they have confidence, who alone
will be responsible to them for the safe
delivery of the bonds. 3nH rs.
ols JOHN JoCISCO, Treasurer, ia0
1:-' '.'-8gI NEW York; Il
= 80 AGENTS IN EVANSVILLE: .39i.
. EVANSVILLE IA TEIo t,7iiLL BANK.
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