The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-19
THE ase
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 It's western
connections, an unhroken 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 sscure?" 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
ernment 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 continuessto be laid at the
rate of two miles day.
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 it must be the
only line connecting the Atlantic and Pa
cific; and being without competition, it
can maintain renlunerative rates.
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 1T
is under contract % 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 Bords upon such sections, and
II not another mile of the road were built
pay interest and expenses, but be profit
able to she Company.
5th. The Union Pacific Railroad bonds
can be issued onlyas the road progresses,
and therefore can never be IN the market
unless they represent q 6oao-Jade property.
9Th. The amount Is strictly limited by
law to sum equal to what is granted by
the TT. s. Government, and for which 1t
taaessa second lien as its security. Tnis
amount upon theHrst SIT miles west from
Omaha Is only sl60o0 per mile.
It'll. The fact that the e. $. Government
considers a second lien upon the road a
good ingestment 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
lienl, may well inspire confidence in a
first lien.
sth. Although it is not claimed that
there can be any better securities than
there are parties who con-
slider first mortgage upon such property
as this the VERT best security in the world.
and who sell their Governments to re-in-
vest in these bonds thus securing
greater Interest.
9Th. As the Union Pacific Railroad bonds
are offered for 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. -ss.sss.z5s zss = sss
10th. At the current rate of premium on |
gold, they pay
OUer j iae per Cent. Interest.
The daily Subscriptions are already large,
and they will continue to be received in
New York by the
CONTINENTAL NATIONAL BANK,
No. Nassau street,
CLARK, DoDGE & Co.. Bankers,
81 Wall street;
JoHNJ. CIsco & Son. Banker
No. 50 Wall eet:
and By Banks and Bankers S4aAarally
throughout the United states, .Vhom
maps and descriptive pamphlets may be
obtained They viii also be sent ~ mail
= oaAA Tue 1o-AAll1ny's once, NO. ~ nassau
Street View York on application. Sub
'cribers viii select their own Agents, in
whom they have confidence, who alone I
will be responsihie TO them tor the safe
delivery OF the bands.
JOHN J, CISCO. Treasurer,
NEW YORK.
s AGENTS nv. EVANSVILLE
GRANVILLE NATIONAL BANK.