The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-07

"a The rapid progress of the Union Pacific
Railroad, now building west from Omaha,
Z Nebraska, and forming, with its western
CONNECTIONS, an unbroke en- tine across the
fcontinent,s attracts attention, to the va4sae
of the First Mortgage Bonds, which, the
Company now offer TO the xpublic! The
arst question asked by prudent, Investors
is, "Are these bonds seoure 71T iNext!9 Are
they profitable Investment" To reply
in brief:
LIST. The gcemplet ION of. the swhole
great line to the Pacific is as certain as any
future business event can be. The Gov
eminent; Hgrante of soser- twenty tmilli0n
acres of land and nifty mlilion idoilars In
its own bonds ipracticany guarantees It.
One-f fourth of the; work is already done,
and the track continues to be laid at the
rate of two miles day
1 I'd. The Union Pacific Railroad bonds
are issued upon what promises to be one of
the most prof liable lines Of railroad in the
country For ID any years. it must be the
only line connecting the Atlantic and Pa
cifc; and being without com petition, 1T
can maintain remnneratfve rates. 5oh j
Sd. -Four hundred and twenty-five miles
of this road ara firished, and fully equip
ped with ydepots,i ioconotives,l cars, &c.
and two trains are daily running each!
way. 9The materials fer ltlIei remaining
snfneLy Two miles 10, the teastern base OF
abe Rocky Mountains are on hand, and it
is undericontracttob be done in September
- 4th. The met 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 che roadgwere built
the part already com pleted would not only
pay interest and expenses, but be profit
able to the Company. - "a .'..-e
=, 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 6ossd.Jtde property.
9Th. The amount is strictly limited by
law TO SUM equal to what Isl granted by
the, us. Government andii6or which it
takes a. second lien las its security. This
amount upon the first 5i7 miles west from
Omaha is only $4,000 per mile. NJ ~
Z, It'll, The: fact that the U.S.. Goverphtenti
considers a second lien upon the road -
good investment and. that some of the,
shrewdest railroad builders OF the country
have already paid in fye million dollars
upon the stock (which Is to them a third
lien). may well inspire confidence in
first lien. "a ATfNHgHx "
there can be any better securities than
there are parties who. cons
slider o. arst mortgage upon such property
as, this the very best 80, urity in the world,
and who sell their lGovernmeutsF tos re-in-i
vest in these bonds thus securing
greater interest. 4 .EsEfi !I-TayS& H8ilH II
9th. AS the Union Pacific Railroad bonds
are offered tor the present at 80 cents on
the dollar and accrued interest, they are
the cheapest SECURITY in the market, being
mole than IS per cent, less, than u. s.
stocks. ~ ft..,,,,..5.. Il,
10th. At the current rate Of premium on
gold, they pay Fsfs a4,lI
- Over Nine per Cent. Interest. ,.of,
The daily subscriptions are already large,
and they will continue to be received in
New York by the
31Gi CONTINENTAL NATIONAL BANK,
.a95 No. Nassau Street;
i III CLARK, DODGE 4 Co., Bankers,
.ara 81 Wall Street;
JOHN j. Cisco q SoN, Bankers,
,.,fs Fc No. 80 Wall Street;
and by Banks and Bankers generally
the United States, 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 Will select their own Agents, in
whom they have confidence, who alone
will be responsible tofithen for the safe
delivery of the bonds, IT &C. IN = 4
JOHN j. CISCO, Treasurer
- NEW YORK.
AGEyTS IN Er-AyS YLLLE: Z Il
EVANSVILLE r. NATIONAL BANK.
a IurNof d4ySmnh ..adeJ = 10 aao- e,i1 8
tttV3 ~ r. "a