The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-24
Bfna Il h4Ge THE Is ~
UNION PACIFIC
iaim RAILROAD CO. j
Their FIRST MORTGAGE BONDS
As An 4NTEsFMENF.9

The rapid progress of the Union Pacific
Railroad, now building wesf from Omaha,
Nebraska, and forming, with ita western
connections, an unbroken line aerosae the
continent attracts attention. 20 the va.ue
of the First Mortgage Bonds which the
/ Company now Offer to the public. The
!. first question: asked by prudent investors
is, "Are these bonds secure?" Next, "Are
they profitable lnyestment?" To reply
/ in brief:
LIST. 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 ffty 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. H. sfsH adI
ID. The Union Pacific Railroad bonds
are fsagSed upon W hat promises TO be one OF
the most prodtable lines of railroad In the
country Dor many years it must be the
only LIMO connecting the Atlantic and Pa
clfic; and being without competition, II
can maintain remunerative rates. g..
81. -Four hundred and twenty-five miles
OF this road are finished, and fully equip
ped with dapots, ,iocofn olives, cars, &C.,
and two trains are daily running each
way. The materials for the Remaining
niuety.tt7o miles TO the eastern base of
the Rocky Mountains are on hand, and IL
is under contract TO be done in september.
i4th. Tie net earnings OF the sections
already Enished are several tunes greater
than the gold interest npon0 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 bat be profit
able To the Company. 4 fef 5sd4 ha+e5s
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 bonG-fsde property
9Th. The amount Is strictly limited by
law to sum equal TO what is granted by
the u. 3. Government, and for which IL
takes second lien as its security. This
amount upon the frst SIT miles west from
Omaha is oniy $4,000 per mile.
7th. The fact that the u. g.. Government
considers a 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
lien), may. web inspire confidence in
drst lien. SO a
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 sell 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 80 cents on
the dollar and accrued Interest, they are
the cheapest security in the market, beng
more than Is per cent. less than U. s.
stocks. -sHs1 81 .tatag0 g
10th. At the current rate of premium on
gold, they. pay i = -aa ait
!. .OUer Nine per Cent. Interest. r.
The daily subscriptions are already large,
and they win continue to pc received. ia +
,lNew York by the # Is .aT eroH sr.
~ oS1INENTAL NATIoNAL BAHK,
No. Nassau street, !
7 ~ = CLARK, DobGE q CO., Bankers, & =
Fl. s. s. aao { . 81 waii street.. /
4 :. t1i Jo4H J,c1scJ q SON Bankers, TzsE
!. n II 10H 5Hs No. 80 Walt Street.
and by Bdt1ksh and Bdakers generally
Throughout the United * -ses, ofawliom
maps and descriptive pamphlets may be
ioDtained.1 They will also be sent by mail
nom ithe5 Company's office, No. 20 Nassau
stneet. New York, on application Sab
sorthers< will select their own Agentsgin
whom they have confidence; who alone
win be responsible ito them for the safe
delivery Of the bonds Ha9 shtrvsA
.n.h JOHN J.rC1SCO, Treasurer
sd5 ~ f7<ofq4 ~ 4a NEW YORK.
~ .AGENTY IN EHAMSTTLLE. q
y EVANSVILLE ANATTONAL RANK.