The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-01
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,s and forming, 'withA Its western
connections, an unbroken line across the
continent, attracts attention to the va4ue
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 investment? 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 fifty million dollars in
it's 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 1t must be the
only line connecting the Atlantic and Pa
cific; ami 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
ninety-tvo 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
il 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.
! 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 oo1lu-fide property.
| 6th The amount is strictly limited by
/ law to sum equal to what is granted by
/ the u. S. Government, and for which 1t
takes a second lien as its security. This
! amount upon the first SIT miles west from
omaha is only SI6,O6o per mile. aH9
It'll. The fact that the u. s. Government
| considers a second lien upon the road
good investment, and that some OF the
shrewdest railroad builders OF the country
have already paid in Eve million dollars
upon the stock (Which Is to them a third
Iien), may well inspire confidence In a
first lien.
sth Although it is not claimed thai
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 9
greater interest.
9Th. AS the Union Pacific Railroad boDds
| are offered for the present at 80 cents on
1.-The dollar and accrued interest, itheylar'
the cheapest security in the market, being
more than Is per eent.'dess. than u 8
stocks.
7o 10th. iAtthe current rate of premium OF
gold, they pay
Ern#O6e1z NtHe per- Cent Interest! g
The daily subscriptions are already large
and they win Continue to be received Il
New York by the j.,
-f1a3I .CoxrTNENrAL NATIONAL BANK, 81 q
No Nassau street;
L9u9 CLARK, DODGE q Co. Bankers GOIf
81 Wall Street;
JOHN J.CIsco & SoE. Bankers, agts
No. 80 Wall Street;
and by Banks and Bankers generaal
throughout the United States, OF whom
maps and descriptive pamphlets may o
obtained. They will also be sent by mai
from the Company's Office, No. 20 Nassa
Street, New York, on application. Sub
scribers VIII select their own Agents, Il
whom they have confidence, who aion
will be responsible to them Tor the sa.
delivery or the bonds. SUISSE
JOHN j. CISCO, Treasurer,
NEW YORK.
AGENTS IN EV.AN7sVILLE.
EVANSVILLE NATIONAL BANK.