The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-18
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 rs western
connections, an unbroKen line across the
continent, attracts attention 10 the value
OF the First Mortgage Bonds which the
Company now offe~ to the public The
FIRST question asked by prudent investors
is, ''Are these bonds secure?" Next, "Are
theyIa profitable investment?p To reply
in brief: -
LIST. The early completion OF the wnols
great line TO the Pacific Is as certain as ang
future business event can be. The Gov.
ernment grant OF over twenty million
acres Of land and nfty million dollars III
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.
"a. The Union Pacific Railroad bonds
are issued upon what promises 10 be one 81
the most profitable lines OF railroad in the
country. For many years At must be the
only line connecting the Atlantic and Pa
cihc; and being without com petition, 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
nineJy-two miles to the eastern base OF
the Rocky Mountains are on hand, and il
is under contract 70 be done IN September.
4th. The net earnings OF the sections
already finished are several times greater
than the gold interest upon the First r
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. -.,r r.
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 bOnd-Jade property.
9Th. The amount is strictly limited by
law TO sum equal TO what is granted by
the u. S. Government, and FOR which it
taxes second lien a. It's security. This
amount upon the first 5I7 miles west from
Omaha Is only sl6,O60 per mile.
eth. The fact that the u. S. Government
considers second lien upon the road -
good investment, and that some OF the
shrewdest railroad builders OF the country
have already paid IN ave million dollars
upon the stock (which is 20 Them a thirs
Iien), may well inspire confidence in 8
first lien.
8th. Although IL is not claimed that
there can be any better securities than
there are parties who con-
slider first mortgage upon such property
as this the very Sest security ia the world,
and who cell their Governments to REIN
vest In these bonds - thus securing a
greater Interest.
9Th. As the Union Pacific Railroad bonds
are offered for the present at 30 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
more than Is per cent. less than u. s.
stocks.
10th. AT the current rate Of premium on
gold, they pay
Oeer Nine per Cent. Interest.
The daily subscriptions are already large,
and they viii continue 10 be received I'm
New York by the
CONTINENTAL NATIONAL BANK,
No. Nassau Street;
CLARK, DODGE q Co., Bankers,
81 Wall street;
JOHN J. Cisco & Son. Bankers,
t..ff No. 80 Wall Street;
and by Banks and Bankers generally
throughout the United states, Of whom
maps and descriptive pamphlets may be
They Will also be sent by mail
rom the company's Office, No. 20 Nassau
Street, New York, on application. sub
scribers viii 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,
NEW YORK.
AGENTS IN EVANS VILE
H. ~s