The Evansville journal., 1867-12-04
THE
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 its western
connections, an unbroken line across the
continent, attracts attention to the va.U.
of the First Mortgage Bonds which G.
Company now Offer to the public.
first question asked by prudent inves
is, ''Are these bonds secure?" Next, 81.
they a profitable inYestment2" To re
in brief:
lst. The early completion of the whG
great line to the Pacific is as certain as a.
future business event can be. The Go
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 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
cifc; 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
nineLy-two miles to the eastern base OF
the Rocky Mountains are on hand, and ii
is under contract TO be done ia 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
il not another mile OF the road were built
the part already com npieted would not only
pay interest and expenses, but be profit
able to 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 bonG-J1de property.
9th. The amount is strictly limited by
law to a sum equal to what is granted by
the U. 8. Government, and for which 1t
takes a second lien as its security. This
amount upon the first 5lz miles west from
Omaha is only sit, $50 per mile.
9TH. The fact that the u. $. Government
considers second lien upon the road a
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
ien), may well inspire confidence in a
first lien.
SJh. AlbnOu2n IL Is not clalnSO lnaL
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 ,ell their Governments to rein
vest in these bonds thus securing
greater interest.
9Th. AS the Union Pacific Railroad bonds
are offered TOR 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. ;.
stocks.
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 NATIoSAL BANK,
No. Z Nassau street;
CLARK. DODGE q Co., Bankers,
81 Wall Street;
JOHN J. CISCO q Son, Bankers,
No. % Wall street;
and by Banks and Bankers generally
throughout the United states, OF whom
maps and descriptive pamphlets may be
obtained. They wilt also be sent by man
nom the Company ofiice, No. - Nassau
Street, New York. on application. sub
scriDerS VIII select their own Agents, in
whom they have confidence. vino alone
will be responsible 10 them foz he sate
delivery OF the bonds.
JOHN J. cisco. Treosure,,
NEW YOE
AGENTS II EVAN VILE:
EVANSVILLE NATIONAL BAN