The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-12-10
ItAE
UNION PACIFIC
RAILROAD co.
Their FIRST MORTGAGE BONBS
AS Az INVESTMENT.

The rapid progress OF the Union PnrlfiH
Railroad, now building west from OnlaezE-
Nebraska, and forming. with ITS wearsru
connections an unbroKen Zine across ffa
continent, attracts attention to the VA.
of the First Mortgage Bonds whicLs
Company now ones to the public.
first question asked by prudent inN@
is, "Are these bonds secure2" Next
they a profitable investment" TOE
In brief:
LIST. The early completion OF inc VIZ
great line to the Pacific Is as certain asEI
future business event can be- Tie ca
eminent grant OF over twenty rlilisuaa
acHes Of land and dfty tniinon dollars aa.
its own bonds practically guarantees A..
One-fourih OF ne work is already doaz
and the track continues TO be laid M uiaH
rate of two miles day,
2d. The Uuion Pacific railroad noDiH
are issued upou what promises To be oneoe
themost profitable lines Of railroad to- tar
country. For many years IL must be iAG
only line connecting the Atlantic and Pa
cihc; and being without competligons q.
can maintain renunerattve rates.
3D.. -Four hundred and ttFenfsf- i've lnilal
OF this road are finished, and duly equip
ped with depots, locomotives, cars, DE-
way. TIE materials for The remalniHs
ninety-two miles 10 the eastern base 81
the Rocky Mountains are on hand. and u
is under contract TO be done IN September
4th. The net earnings Of the sectiaGa
already Finished are seUeyhl tlszes graaAgr
than the gold Interest upon the FiEE
Mortt age Bonds upon such sections zaaa
II not another mile OF the road were tu.Es
the part already completed would not gEiiT
pay interest and expenses, but be pfcfh-
able TO the Company.
5th. The Union Pacific Railroad tgGsar
can be issued only as the road progresses,
and therefore can never be ia the InarE1l
unless they represent a 6ona-dd proueaEH-
9th. The amount is strictly unue6 aE
law TO a sum equal to what Is grantee tW
the u. S. Government, ana for whhE A
takes a second lien as its security. N-sE
amount upon the first 5l7 miles west nuEu
Omaha is only $4,000 per milo
eth. The fact that the u. S. Goverusnsnn
considers a second lien upon the road
good investment, anu that so.1c Of fsea
shrewdest railroad builders OF the couHalgF
have already paid IN five million dallEaf
upon the stock (which is TO them "a ianl
lien), may well inspire confidence en- a.
first lien.
obns AihnOhAn ~ - hDh GAhAAApA +aaaAss
there can be any better securities sazEi
Governments, there are parties whe aHE-
slider a drst mortgage upon such proEsnW
as this the very best security in the Vszte1.
and who sell their Governmenp8 10 1st1s-
vest in these bonds - thus securing al,
greater interest.
9th. As the Union Pacific Railroad tulsaaf
are offered for the present at 30 Gems ON
the dollar and accrued Interest, theI ara
the cheapest security in the market, ueu8E
more than Is per cent. less than T. ~
10th. At the current rate Of premiuEali
gold, they nay 7- .a...
q q Over Atne per- Cent. bateresC
The daily subscriptions are already ArzR
and they will continue to be receives an
New York by the
CONTINENTAL NATIONAL BANK,
No. Nassau Strsas.
CLARK, DODGE 4 CO., Bankers,
81 Wall strDa-
v JoHS J! CISCO q soS. Bankers,
&- !. .saf Stress
and by Banks anil Eo...ela genfaznv,
throughout the United states, Of WzuHg
maps and descriptive pamphlets MAG aun
They will also be sent by uEaiE
from the Company's Office, No. % NsizaHz
Street, New York, on application. saa-
scrlbers will select their own Agena. OK
whom they have confidence, who azsuai
will be responsible 10 them for the szffr
OF the bonds.
JOHN J. CISCO, Treasurer.
NEW YOa.-
sAGENTS IN EV-A Ms VILLEs
EVANSVILLE NATI0NAL BAEE
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