The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-16
- rHR -...,-- 1850. .,s'
UNION PACIFIC
2 t. g. : RAILROAD Go sl5
Their FIRST .MoRTGlGE BONDS
AoH AS AN ISyEsTMEST.


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 value
of the First Mortgage Bonds which the
Company now offer to- the public. The
first question asked by prudent investors
is, 'sAre these bonds secure7" Next, "Are
they a profitable Investment" ToCreply
in brief: r.fr q rrt
1st 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 IL.
One-fourth of the work Is already done,
and the track continues to be laid at the
rate of two miles day. 1ei
Cd. 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 renunerative 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 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 pront-
able to the Company.
5th. The Union Pacific Railroad bonds
can be issued only as she road progresses,
and therefore can never be In the market
unless they represent a bond-fsde property.
9Th. The amount is strictly limited by
law to q sum equal to what Is granted by
the u. s. Government. and for which IL
takes a second lien as its security. THIS
amount upon the drst 5i7I miles west from
Omaha is only 1850 per mileoiii III Ria~
- 7th. The fact that the U. 8. 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 ave million dollars
upon the stock (Which is to them a tn1ro
Uenl,. may well inspire confidence in
first lien.
sth., Although 1t is not. claimed that
there can be any better securities tnan
Governments, there are parties who con-
slider a FIRST mortgage upon such property
as this the very best security in the world,
and who sell their Governments to re-in-
vest in these bonds 1T thus securing o
greater interest.
9Th. AS the 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
more than Is per cent. less than U. 8.
stocks. 5-l- sN'. 60
10th. at the, current rate of premium on
gold, they pay
Overi Nine per Cent Interest. .a
The daily subscriptions are already large,
and they will continue to be received In
New York by the l. .l-seI
CONTINENTAL NATIONAL BANK,
No. Nassau Street;
CLARK, DODGE & Co.. Bankers,
'tH 81 Wall Street;
JOHN j. CISCO & Son, Bankers,
No. 80 Wall Street;
and by Banks and Bankers generally
throughout the United States, OF whom
maps and descriptive pamphlets may oe
obtained. They will also be sent by mall
from the Company's office, No. ~ 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 tor the safe
delivery of the bonds. M
JOHN j. CISCO, Treasurer,
NEW YORK.
xrrN7-c rN ED NCTTLLE.