The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-12-09
TIE
UNHseN KDA-CEFEGs
RAILROAD CO.
Their FIRST MORTGAGE BONDS
As AN INVESTMENT.

The rapid progress OF the Union Pacifis
Railroad now building west from Omaha
Nebraska, and forming, with its westsTa
| connections, an unbroKen line across tis
continent, attracts attention to thesvat
of the First Mortgage Bonds which =
Company now ofe" TO the public. y
| first question asked by prudent inVee,
is, care these bonds secure?" Next, 9
| they profitable Investment" TO NJ
! In brief:
LIST. The early completion OF the VIZ
great line to the Pacific is as certain as a.
| future business event can We. The GS
ernment grant or over twenty mtlliO4.
acres of land ana fifty milton dollars ia
its own bonds practically guarantees fa~
One-fourth Of the work is already DOVE
and the track continues to be laid 1T the
rate Of two miles day.
I'd. The Union Pacific Railroad bon6z
are issued upou what promisesto be oneOf
the most profitable lines Of railroad in thf
country. For many years 1t must be tha
only line connecting the Atlantic and Pa
cific; and being without competition,
can maintain reD1unerative rates.
3D.. Four hundred and twenty-five mile
of this road are finished, and fully euun
ped with depots, locomotives, cars, DC
and two trains are daily running eaC
way. The materials for the remainin
nineJy-two miles to the eastern base
the Rocky Mountains are on hand, and
is under contract to be done in septembe
4th. The net earnings of the section
already finished are seUeraL times great
than the gold interest upon the Fir
Mortgage Bonds npon such sections "a
If not another mile of the road were bui
the part already completed would not on
pay interest and expenses, but be prof
able to the Company.
9TH. The Union Pacific Railroad bond
can be issued only as the road progressg
and therefore can never be In the MARKS
unless they represent bond-Jtde properel
9Th. The amount is strictly limited D
law to a sum equal to what is granted D
the U. S. Government, and for whica
takes second lien rs its security, nala
amount upon the first SIT miles 'll-a
omaha is only $4,000 per no. I,,,,e,.,, ,,,,..,a
9Th. The fact that the,,,.o,, Inc rod =
considers a second -, - -, ~ g..
- ,aSd builders Of the countEE
have already paid I'm five million dollars
upon the stock (Which is to them think
Iien), may well inspire confidence Ia q
first lien.
Sth. Although it is not claimed tAaai
there can be any better securities t2sE
there are parties who cS@-
slider nrst mortgage upon such propezsH
as this the very best security in the woE2zs
and who sell their Governme ITS to re-a1-
vest in these bonds thus securing a.
greater interest.
9th. AS the Union Pacific Railroad bones
are offered tor the present at so cents On
the dollar, and accrued interest, they 9zs
the cheapest security in the market, bsGlG
more than Is pei cent. less than u s.
stocks.
10th. At the current rate of premium ca.
gold, they pay
OUer Nine per Gent. Interest.
The daily subscriptions are already Large
and they viii continue to be received IL
New York BY the
CONTINENTAL, NATIONAL BANK,
No. Nassau Streess
CLARK, DODGE & Co, Bankers,
81 Wall Streses
JOHN ]. CISCO & Soy, Bankers,
d, So. 81. S'ail STREE
md by Banks end BoJskss8 genersiiF
the United States, OF whnzz
maps and descriptive pamphlets may On
,btatned41 They vii, also be sent by ulzll
rom the Company's ONCE, No. 20 NssEzz
Street, New York, on application. snl-
cribers will select their own Agents, In
ghom they have confidence, who ALIENS
VIII be responsible to them for the sssa
delivery OF the bonds. a
JOHN j. CISCO, Treasurer.
NEW YOEE
AGENTS IN EVA NSVILLE: