The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-26
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 its western
| connections, an unbroKen line across the
continent, attracts attention to the va.ue
OF the First Mortgage Bonds which the
Company now Offer to the public. The
first question asked by prudent investors
is. fare these bonds secureeP, Next, fare
they profitable investment To reply
in brief: cont z-.f f. ua4 .ft-
| 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
its own bonds practically guarantees 1t.
One-fourth of the work is already done,
and the track continues to be laid at the
rate of two miles a day. -t iiifitt5
I'd. The Union Pacific Railroad bonds
are issued upon what promises TO be one of
theimcst profitable lines of railroad in the
country For many years it must be the
only line connecting the Atlantic and Pa
cifc; and being without com petition, it
can maintain remunerative rates. ar-.
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 1.iateriafs for the remaining
ninety-two miles to the eastern base of
the Rocky Mountains are on hand, and it
is under contract to be done in September.
Ith. 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 We're built
the part already ompleted would not only
S,+1 ~ he
able to the Com pany.
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 q 6o'ao.ade property. |
9TH. The amount is strictly limited by |
law 10 a sum equal to what is granted by /
the Us. Government, and for which it
takes second lien as its security. This
amount upon the first 5l7 miles west from
Omaha is only $1,000 per mile.
7th. The fact that the II. S. Government
considers 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 a third
lien), may wen inspire confidence in
first lien.
sth. Although it is not claimed that
there can be any better securities than
there are parties who con-
slider a FIRST mortgage upon such property
as this the very best security in the world,
and who cell their Governments to re-in-
vest in these bonds thus securing
greater interest. 0.tE ei" - -H3ll
9Th. AS the Union Pacific Railroad bonds
are offered for the present al 90 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
mole than Is per cent. less than u. s.
stocks. o.sr aosa-fft q-ss#raf.f= fr9dI
10Th. At the current rate of premium on
gold, they pay or.faretfre ~ reej
Over Nine per Cent. Interest. 81 II
The daily subscriptions are already large,
and they will continue to be received in
New York by the zEN 4n rHF
. CONTINENTAL NATIONAL BANK, GOOD
r.t 5.-l.-..tsa No. Nassau Street;
+. CLARK, Dope d CO., Banker ~
81 Wall street; Il
JOHN J. CISCO & Son, Bankers,
80 No. SO Wall Street;
md by Banks and .Ba,,kers ge.ieraIly
the United states, OF whom
maps and descriptive pamphlets may be
obtained They will also be sent by mail
rom the Conpany's office, No. 20 Nassau
street, New York; ON application SUBJ
cribers will select their own Agents, ind
whom they have confidence, who alone
will be- responsible ito them for the safe
eiivery Of the bonds. ~ A y 2 -
., JOHN, = CISCO, Treasurer, r,,.d
81 IliH o4S4 g ladi NEW York;
= -AGENTs IN Ef.1NsylLLF:38ia