The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-26
ssa THE
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 tie va.ue
OF the First Mortgage Bonds which the
Company now Offer to the public. The
first question asked by prudent in eestors
is, Are these bonds secure3" Next, Are
they a profitable inyestment7p To reply
in .briefs g1a"a
ist. The carly rotnpielion Of the whole
great line TO the Pacific IL AZ certain as any
future business event can be. The Gov
eminent grant OF over twenty million
acres Of land apd nifty million dollars In
It's own bonds practically guarantees it.
one-foufth of the work is already done,
and the track continues to be laid az the
rate OF two miles day. He
"a. The Union Pacific Railroad bonds
are issne1 npoai what promises 10 be one OF
the most profitable lines OF railroad In che
country. For many years 10 must be the
only line connecting the Atlantic AMI Pa
cific; and being without composition, II
can maintain remunerative rates.
81. Four hundred and twenty-five miles
OF this road are finished. aud fully equip
ped with dspots, locomotives, cars, &c,
and two trains are daily running each
way. Tie materials for the Fernaining
ninety two 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
hltoaAy EnfAAiSd ore seOsrdL ttnles dfssater
than the gold interest upon the First
Mortgage BOndBuup6n sltdh .sections. and
If not another mile OF the road were built
The part already cofnpfet6d would ntonly
pay interest and expenses, but be PROFIT
able to the Company. - fEH Ho.Ea3
18th. The Union 'Paeinc Railroad bonds
can be issned only as the road progf esses,
and therefore can never be in the market
unless they represent a bonds-Tlde property.
9th. The amount is strictly limited by
law to q SUM equal to what IL granted by
the u. s. Government, and for which IL
takes a second lien as it's security This
amount upon the frst 5IT. miles west from
Omaha in only $1,000 per nile eykg
7th. The fact that the u, $. government
considers q second lien upon the road q
good investment, and that some of the
Rhrewdest railroad builders OF the country
have already paid in fve rnillion dollars
upon the stock (Which IL to them q third
Iien), may well inspire confidence In q
first item.
K sth. AIthough 1t is NOT clairdadg THAT
there can be any better securities than
Governments, there are parties who COM
slider a FIRST mortgage upon such property
as this the very best security IN the world,
and who seiIthei Governments 10 rein
vest ln these bonds = thus securing a
greater interest.
eth. Az the Union Pacific Railroad bonds
are offered for lthe present az 80 cents on
the dollar and accrued Interest, they are
the cheapest security in the market, being
moie than Is per cent. less than y. $.
stocks.
10th. Al the current rate Of premium on
gold, they pay araa te-..af17a4
Over Nine per Cent. Interest.
The daily subscriptto already large,
and they will continue to be received in
New York by the
CoNTIRKNTAL NATION AT BANK,
No. Nassau Street;
CLARK, DODGE d Co., Bankers,
a.st5 E0# 81 Wall street;
JOHN J. CISCO n sorS, Bankers,
No. SO Wall Street;
and by Banks and BaSkers generally
throughout the United StaGess of whom
maps and descriptive pamphlets may be
obtained. They will also be sent by mail
from the Company's office, No. 20 Nassau
Street, New York, on application. Sub
scribers viii select their own Agents, in
whom they have confidence, who alone
will be responsible to them for the safe
delivery Of the bonds IA - a
JOHN j. CISCO. Treasurer,
NEW YORK.
AGENTS IN ETs4 MS VKLLE.
A a m~wY