The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-21
UNION PACIFIC
ssd ba RAILROAD CO.
Their FIRST MORTGAGE BONDS
II ~ AS AN INVESTMENT.

III The rapid progress OF the Union racine.
Railroad, now building west from Omaha,
Nebraska, and forming, with its 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, .sAre these bonds secure" Next, ssAre
they profitable Investments" To reply.
in brief: -fB 8A .sAE 4fA4
Ist. The early completion of the whole
great line to the Pacific is as certain as any
future business event can be. The Gov
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.
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 remunerative 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 it
| is under contract to be done in September.
4ih. The met earnings of the sections
already finished are sererol times greater
than the gold. interest upon the First
Mortgages Bonds upon such sections, and
| II not another mile OF the road were built
| the part already completed would not only
md a7rr q
| able 10 the Company.
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 b0ad-Jfde property.
18th. The amount is strictly limited by
law TO a sum equal to what is granted by
| the u. S. Government, and for which it
taEe s alsecond lien as its security. This
| amount upon the first 5l7 miles west from
Omaha is only slc,O09 per mile
| nth. The fact that the U.S. Government
considers a second lien uponEthe road a
| good. Investment, aud 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
Iien), may well. inspire =eonfidenee-in a
first lien. - ar .zasr.s sTgFs
sth. Although 1t is not claimed that
there can be any better securities than
Governments, there are parties who con-
slider first mortgage upon SUCH property
| as this the very best security in the world,
and who ell their Goyerhments to rein
vest in these bonds = thus securing
| greater interest.
| 9Th. EAsthe Union Pacific Railroad bonds
| are offered tor the present at 80 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.
10th. AT the current rateof premium on
gold, they pay
Ouer Nine per Cent. Interest
The daily subscriptions are already large,
and they will continue to be received in
| New York by the
CONTINENTAL NATIONAL BANK.
NOT Nassau Street;
CLARK, DODGE d Co., Bankers,
81 Wall Street;
JOHN ]. Cisco & Son, Bankers,
No. So Wall Street;
throughout the United States, of whom
maps and descriptive pamphlets may be
obtained. They will also be sent by mail
from the Company's Office, No. 20 Nassau
Street, New York, on application. Sub
scribers will select their own Agents, in
whom they have confidence, who alone
will be responsible to them for the safe
| delivery of the bonds.
JOHN j. CISCO, Treasurer,
| ,a,aosA NEW YORK.
| AGENTS IN EVANSVILLE: