The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-30
~ THE AGO. fs.iaa - -
UNION PACIFIC
4 RAILROAD CO.
Their FIRST MORTGAGE BONDS
y -. 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 unbroken line across the
continent, attracts attention to the va.ue
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 profitable Investment" To reply
in brief: =f1f .as viz
= LIST. The early completion of the whole
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 a day.
I'd. The Union Pacific Railroad bonds
are issued upon what promises to be one of
the most profitable lines OF railroadin the
country. For many years it must be the
only line connecting the Atlantic and Pa
,cific; and being without competition, it
can maintain remunerative rates.
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
nineJy-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. ,,at fH
5th.eT 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 6ond.fide property.
9Th. The amount is strictly limited by
law to sum equal to what is granted by
the u. 8. Government, and for which it
takes a second lien as its security. This
upon the first 517 miles west from
Omaha is only Sl6 900 per mile.
7th. The fact that the u. s. Government
a second lien upon the road
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 third
lien), 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
rs this the very best security in the world,
and who >eil their Governments to rein
vest in these bonds thus securing
greater interest.
9th. AS the Union Pacific Railroad bonds
ire offered tor the present at 80 cents on
he dollar and accrued interest, they are
he cheapest security in the market, being |
noIe than Is per cent. less than U. s. |
stocks.
10th. At the current rate of premium on |
,old, they pay
OUer Nine per Cent. Interest.
The daily subscriptions are already large, |
Ind they will continue to be received in 1
New York by the
CONTINENTAL NATIONAL BANK,
No. Nassau Street;
CLARK, DODGE & Co., Bankers,
81 Wall Street;
81 JOHN j. CISCO & Son, Bankers,
E = II No. 50 Wall Street;
md by Banks and Bankers generally |
the United States, of whom
maps and descriptive pamphlets may be
btained. They will also be sent by mail
rom the Company's Office, No. 20 Nassau
treet, New York, on application. Sub
cribers will select their own Agents, IN
vhom they have confidence, who alone
fill be responsible to them for the safe
elivery of the bonds.
JOHN j. CISCO, Treasurer,
~ ~ NEW YORK.
AGENTS Nv EVANSVILLE:
EVANSVILLE NATIONAL BANK.