The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-01
UNION PACIFIC
RAILROAD co.
Their FIRST MORTGAGE BONDS
0ff AS AN INVESTMENT. i


The rapid progress or the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with Its western
connections, an unbroken fine 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, "Are these bonds secure?" Next. ''Are
they profitable inyestment?" To reply
in brief: ..s.5 ,-+ = 1W q
lst. The early completion of the whole
great line to the Pacific is as certain As any
future business event can be. The Gov
ernment grant of over twenty million
acres Of land and fifty 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 a 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; and being without competition, it
can maintain remunerative rates. 3f
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 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
a u
pay interest and expenses, but be profit
able to the Company. .a-6a..-
5th. The Union Pacific Railroad bonds
can be issued only as the road progresses 1
and therefore can never be IN the market
unless they represent a 6ona5fde property.
9th. The amount is strictly limited byi
law to sum equal to what is granted 7hy Z
the U. S. Government, and for which it,
takes second lien as its security. This!
amount upon the first 5i7 miles west from 4
Omaha is only SIG, ,000 per mile. ysdt ID
7th. The fact that the u. g. Government 4
considers second 1fefp upon the road .
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 Welt inspire confidence in a
first 1len.3d1 bnB uaft ~ rtsaE
~ sthu Although it is not claimed that
there can be any, better securities than
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 REIN
vest in these bonds = thus securing
greater interest. af -
z 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. ~ ~fH r-ft.aI
10TH At the current rate of premium on
gold, they pay G. \
Ocer Nine per Cent Interest.
The daily subscriptions are already large,
and they will continue to be received in
New York by the
CONTINENTAL NATIONAL BANK,
MOI Nassau Street;
CLARK, DODGE & o.. Bankers.
-'' - :, ~ tea 81 Wall Street;
JOHN J. CISCO & Son, Bankers,
No. 80 Wall Sire t;
and by Banks and Bankers generally
throughout the United States, of whom
maps and descriptive pamphlets may be
obtained. They will also he sent by mail
from the Company's Office, No. 20 Nassau
Street, New York, on application. Sub
scribers will select their own Agents, in
will be responsible to them Tor the safe
delivery of the bonds.
JOHN j. CISCO, Treasurer,
NEW YORK.
AGENTS IN EVANSVILLE: