The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-05
THE
Union PACIFIC
ox1RAiLROAD co.
Their FIRST MORTGAGE BONDS
AS AN INVESTMENT.

The rapid progress OF the Union Pacifi c
Railroad, now building west from Omaha,
| Nebraska, and forming. with It's western
connections, an unbroKen nne across the
continent, attracts attention to the va.ue
| OF the First Mortgage Bonds which the
Company now offe-to the public. The
first question asked by prudent investors
Is, "Are these bonds secure?" Next, "Are
they q profitable investmentf To reply
| In brief:
LIST. The early leoraipietion of the whole
great line to the Pacific is as certain as any
| future business event can be. The Gov
eminent grant or over twenty million
acres of land and hftyi million dollars in
its own bonds practically guarantees it.
One-fourtfI of the work Is already done,
| and the track continues to be laii at the
rate of two miles a day. p.aag- -44...
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 II must be the
only line connecting the Atlantic and Pa
cific; and being without competition, IL
can maintain remunerative rates.
Sd. Four hundred and twenty-five miles
of this road are finished, and fully equip
ped with depots, locomotives, cars, DC,
and two trains are daily running each
way. The materials for the remaining
nineJy-two miles 10 the eastern base of
the Rocky Mountains are on hand, and it
is under contract 10 be done in September.
9TH. The net earnings of the sections
already finished are several times greater
than the gold interest upon the First
Mortgage Bonds upon such sections, apd
II not another mile OF the road were built
the part already completed would not only
x,.sA IA tN.,t he
able to the Company. rr -f-geu1
9Th. The Union Pacific Railroad bonds
can be issued only as the road progresses,
and therefore can never be in the market
unless they represent a 6ona-J2cte property.
9TH. The amount Is strictly limited by
law to a sum equal TO what is granted by
the u. =. Government, aud for which IL
takes a second lien its security. This
amount npon tn first 5l7 miles west from
Omaha is only $1,000 per mile.
7th. The fact that the u. =. Government
considers a 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
Iien), may well inspire confidence in
first lien. ..ess-ttttar.s .gur
sth. Although. it is not claimed that
there are parties who con-
slider nrst 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.
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 as per cent less than u. s.
stocks.
10th. Al the current rate OF premium on
gold, they pay ati.cr
.s5OUeZNiae per Ceal lLpterest9ilso
/ The daily subscriptions are already large,
and they will continue TO be received in
New York by the
/ CoNTINENTAL NATIONAL BANK, ttt,,
( a. q ~ fi 2. No. Nassau Street;
CLARE, DODGE Co., Bankers,
I'll Wall Street;
JOHN ]. CISCO a. Son, Bankers,
No. 30 Wall Street,
and by BdTlks and BANKERS generally
throughout the United States, of whom
maps and descriptive Pamphlets may be
obtained They will also be sent by fnan
from the Company's office, No. 20 Nassau
Street, New York On application--aSnb---r
scribers will select their own Agents, In
whom they have rcenfidence, who alone
win be responsible to them for the safe
delivery of the bonds. iW II &
( JOHN j. CISG0s Ttenrss1s- Y e.
oz.zt7q t-yNEwcYORK.
/ a., AGENIS, IN E;Y-ANSHILLEho s9HO
1 VANSVILLEs NATIONAL RANK. 3gTs1