The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-12
- itat" THE 'As' - .'sti,,.
UNION PACIFIC
o9es RAILROAD co. 5.5 e..
Their FIRST MORTGAGE BONDS
AS AN INVESTMENT. nos

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 vasue
of the First Mortgage Bonds which the
Company now Offer to the public The
first question asked by prudent investors
is, "Are these bonds secure?" Next, "Are
they q profitable Investment" To reply
in brief: FL. s-l - z
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 Ia already done,
and the track continues to be laid at the
rate of two miles a day. eds RI adm +
ID. 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 1t must be the
only line connecting the Atlantic and Pa
citic; and being without competition, 1t
can maintain remunerative rates.
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 materials 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.
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
If not another mile of the road were built
fa1r Lot,
pay interest and expenses, but be profit
able to the Company.
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 a bona.fde property.
9th. The amount is strictly limited by
law to a sum equal to what is granted by
the U. s. Government, and for which it
takes a second lien as its security. This
amount upon the first ST. miles west from
Omaha is only Sic, $50 per mile.
It'll. The fact that the q. s. Government
considers a second lien upon the road a
good investment, and that some of the
railroad builders of the country
have already paid in five million dollars
upon the stock (Which is to them third
lien), may well inspire confidence in a
first lien. -nst te ra 1ef
Sth. Although it is not claimed that |
there can be any better: securities than |
there are parties who con-
slider first mortgage upon such property |
as this the very best security in the world, |
and who sell their Governments to rein |
vest in these bonds ct thus securing a
greater interest.
9Th. AS the Union Pacific Railroad bonds |
are offered for the present at 80 cents on |
the dollar End accrued interest, they are |
the cheapest security in the market, being |
mole than 10 per cent. less than U. s. |
stocks.
10th. At the current rate of premium on
gold, they pay
Over Nine per Cent Interest.
The daily subscriptions are already large,
and they will continue to be received in |
New York by the
: CONTINENTAL NATIONAL BANK,
No. Nassau Street;
CLARK, DODGE q Co., Bankers,
~, e 81 Wall Street;
~ JOHN j. CISCO & Son, Bankers,
5H No. SO Wall Street;
and by Banks and Bankers generally
the United States, of whom
maps and descriptive pamphlets may be
They will also be sent by mail
rom the Company's Office, No. 20 Nassau
Street, New York, on application. Sub
cribers will select their own Agents, in
~hom they have confidence, who alone
will be responsible to them for the safe
delivery of the bonds.
JOHN j. CISCO, Treasurer,
NEW YORK.
~ AGENTS IN EVANS VILLE:
EVANSVILLE NATI6VAI RANK