The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-27
THE
THE
UNION PACIFIC
RAILROAD co.
Their FIRST MORTGAGE BONDS
AS AN INVESTMENT.

The rapid progress or tie Union PacIfs
Railroad, now building west from Omaha.
Nebraska, and forming with It's western
connections, an unbroKen line across tire
continent, attracts attention TO the vasuC
OF the First Mortgage Bonds which tha
Company now offer TO the public. Tn,
first question asked by prudent investor
n, "Are these bonds secure?" Next, a. .
they profitable Investment2" To reg.
in brief:
1st, The early eor1pletion OF the who,
great line to the Pacific is as certain as az,
future business event can be. The Got
ernment grant Of over twenty million
acres Of land ana nifty fniihor dollars IL
its own bonds practically guarantees IL.
Cne-fourth of the work Is already done.
and the track continues TO be laid at the
rate OF two Iniless day. u
"a. The " niOn RaeIfc Railroad bonds
are issged upon what promises 10 be Que Of
the NEST profitable lines Of railrOaei IN the
country. For many years 1t must be the
only line CONNECTING the Atlantic and Pa
cihc5 ana being without cdmpatalfOu, Il
ear maintain remupeIAtive rtites.a CUE
3 ID. Four hundred, and twent y-fge les
Of this road are finished, and1fdlly. edufp-
ped with depOts, locomotives, cars, &c.
and two trains are daily running each
way. The materials for the remaining
nineJy-two miles 70 the eastern base OF
the Rocky Mountains are on hand, and il
is under contract TO be done In September.
4th. The net earnings OF the sections
already finished are seUGpL hraes 0reetg
than the gold htefest upon the First
Mortgage Bonds upon such sections, 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.
5th. The Union Pacific Railroad bonds
cap he issued only assbhe road prog aasFs
and therefore can never be IN the market
unless they represent a bOnG-Jide property.
9Th. The amount is strictly limited BY
law to a sum equal TO what is granted b.
the u. =. Government, and for which 10
takes a second lien as It's security. This
amount upon the first 5l7 miles west frOm
Omaha is only $4,000 per mile.
9TH. The fact that the ". $. Government
considers a second lien upon the road n
good investment, and that some Of the
shrewdest railroad builders.of the country
have already paid In Hkts5nlElon dollars
upon the stock (Which II 70 them a third
lien), may well .lnsf9ges confidence in a
first lien.
9Th. Although it is not claimed thai
there can be any better securities thaM
there are parties who Corr
slider first mortgage upon such property
as this the very best security in the world
and who sell theIr Governments TO re74n-
vest in these bonds - thus securing n
greater interest. A at ffn
9Th. As the Union Pacific Railroad bonds
s8e offered for the present az 80 cents on
The dollar and accrued Interest, they ara
The cheapest security iii the market, being
mole than Is. per cent, less than v. s.
stocks.
10Th. At the current rate Of premium on
gold, they pay . S2bHE . +UHt
OUer Nine per Cent Interest.
The daily subscriptions are already large.
md they VIII continue to be received In
View York by the b.
COSTINENTAL NATIoSAL BANK,
No. Nassau Street.
CLARK, DODGE & Co., Bankers,
aE#I 81 Wall Street.
JOHN ]. CISCO q SON, Bankers,
ut No. 30 Wall Street;
nd by Banks and Bankers generally
throughout the United states, Of whom
naps and descriptive pamphlets may be
btained. They will also he sent by mail
rom the Company's Office, No. 20 Nassau
treet, New York, on application. sub
cribers will select their own Agents, IA
nom they have confidence, who alone
ill be responsible TO them Tor the safe
elivery Of the bonds. r.Hs 70 -a "
JOHN J. CISCO, Treasurer.
NEW YORK
AGENTS. IN EVAMSpILLE:
EVANSVILLE. NATIONAL BANK. "