The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-18
saY4s 10 noon THE a. .fars esa 10
UNION PACIFIC
= e RAILROAD co. a'9'qae
aar 4sgE a. 54sah--J V14A8 sA88 Ii
Their FIRST MORTGAGE BONDS
r = .sga As AN INVESTMENT. es1 a

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 Are these bonds secureT" Next, fare
they profitable INVESTMENT ~ To reply
in brief: .E5ig TBa 70 v1iIaI- 10
/ lst. The early complexion or the whofe
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 nifty million dollars in
its own bonds practically guarantees it.
sOne-fourth Of the work is already. done,
and the track continues TO be laid at the
rate OF two miles day. :" "o.' = ''Ai
p 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 it must be the
only line connecting the Atlantic and Pa
cidc; and being without composition it
can maintain remunerative rates. saff 1-n
3D.. Four hundred and twenty-five miles
Of this road are finished, and fully equip
ped with depots, locomotives, cars, &c. n
and two trains are daily running leach
way. The materials for the remaining
nfnety-swo miles to the eastern base OF |
the Rocky Mountains are ON hand, and 1t
rs under contract to beldonesin 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 |
II 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.9T2 DTo8s D.upH !
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 o bond. fde property.
9Th. The amount is strictly limited by !
law to sum equalto what is granted by /
the u. q. Government, and for which IL
takes q lsecostd lien as its security. This
amount upon the first SIT miles west from /
Omaha Is only SIG. 900 per mile, ag.4a9 fEt@I
. 7th. The fact that the u. 8. Government
considers a second lien upon the road a
good Investment and that some of the I
shrewdest railroad builders of the country
have already paid in i've million dollars
upon the stock (Which Il to them a third
ltenl, may well inspire confidence In a.
drst iien. YgIg9U sbHnI ID L9taifojs
sth. Although 1t is not claimed that
here can be any better securities than
there are parties who con- I
sideri . nrst mortgage upon such property h
IS this the very best security in the world, i
md Who sell their Governments to REIN
rest bini these bonds thus securing al
greater interest. 8ss4y 10 5Aa9f5yg re 10
9th. AS the Union Pacific Railroad bonds
ire offered for, the present at 80 cents on
he dollar and accrued interest, they are
he cheapest security In the market, beIng +
more than i5T per cent. less than q. 8.
tocks. -.r....4s,s... t....-.f. i |
10th. At the current rate of premium on
,old, they pay sbH3Iit kt2A4 ~ -f9ff5t
IA Ouer Nine per Cent. Interest. q
The daily subscriptions are already LARGE
few York by the
CosrTNsNrAL NATIONAL BANK, Hsr
.,.,.s..Ff 9bsl mo. 7 Nassau Street, j.
CLARK. DoDGE q Co., Bankers, f.s4 H.
.-z.-.f. 81 Wall Street;
9aJoHN J. Cisco q Son, Bankers,
4fBs No. 80 Wall Street; 4
nd by Banks and ~Bunkevs generosity
throughout the United States, of whom
laps and descriptive pamphlets may be
btained. They will also be sent by mail | i
'om the Company's once, No. 20 Nassau
treet. New York, on application. SUBJ e
,ribers will select their own Agents, in
1hom they have confidence, who alone b
ill be responsible to them for the safe
elivery of the bonds. ), ssaear aSt Il n
. JOHN j. CISCO. Treasurer al !
! sa9t. 80 49f Bia9g9 NEW YORK. 4
AGENTS IN ETANSYILLE.F IS
EVANSVILLE NATIONAL BANK.