The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-12
THE
sRAitsRoAD CO..
@2sLk"fT@ EERfsr.
Their FT2Sf MORTGAGE BDNDS
GsB itN INVESTMENT. il.Ts. s5

The RAPID progress OF she Union Pacific
Railroaal low beiiding west from Omaha,
Nebra stslss s.nf forming, with its western
connections, an anbroken line across the
continent, attracts attention to the va.ue
of the First Mortgage Bonds which the
Company Row ofer to the public The
frst question asked by prudent investors
is, "Are these bonds secure?" Next, Are
they a profitable investments To reply
in brief: las la cea 4 7st't 81
list. The early completion of the whole
great line to the Pacific is as certain as any
future business event can be. The Cove
eminent grant OF over twenty million
acres ef land and fifty million dollars In
its own bonds practically guarantees IL,
One-fourth of the work is already done,
and the traek continues TO be Iaid at the
rate of two miles q day. 596t ~ z O.
I'd. The Union Pacific Railroad bonds
are issued upon what promises to be one of
the most profitable lines of railroad inithe
country. For many years it must be the
only line connecting the Atlantic and Pa
oific: and being without cam petition, it
can maintain remuneratfve 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 bsses 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 o.
5th The Union Pacific Railroad bonds
can be issued on she road progresses,
unless they represent .bona.Jfde property.
6th. The amount strictly limited by
law to sum equal ;, what is granted by
the U. s. Govern .ent, and for which it
takes a second L n as its security. This
amount upon t, first SIT miles west from
Ornsha is only A6, Gee per mile. i"nA
7th. The ia that the u. s. Government
considers a .cond lien upon the road a
good inve' nlent, and that some OF the
shrevdess abroad builders of the country
have air Ady, paid in five million dollars
upon thS stock (Which Is to them third
iien), may well inspire confidence In a
first lien. n.<E
sth. Although it is not. claimed that
there can be any better securities than
Governments, there are parties who con-
slider first m ortgage upon such property
as this the very best security in the world
and who sell their Governments to rein
vest in these bonds - thus securing q
greater interest. LTD .s..-r Il
sth. AS the Union Pc ific Railroad bon ds
are offered for the present at 80 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
more than Is per ceut- less than u. $
stocks.
10th. At the current rate of premium or
gold, they pay
Oee,. \ ne PEI Cent. Interest.
The daily subscriptions are already large
and they will continue to BE received Ia
New York by the
CONTINENTAL NATIONAL BANK,
No. Z Nassau Street;
CLARK, DoDGE q Co., Bankers.
81 Wall Street;
JOHN J. CISCO &. SON, Bankers,
No. 81 Wall Street;
ana by Banks and Bankers general,
throughout the United States, of whom
maps and descriptive pamphlets may b
obtained. They will also be sent by mai
from the Company's Office, No. 20 Nassau
Street. New York, on application. Sub
scribers will select their own Agents, il
whom they have confidence, who alon
will be responsible to them Tor the SAT
delivery OF the bonds.
JOHN j. CISCO, Treasurer,