The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-12-02
THE
UNION PAGHRfEC
RAILROAD co.
Their FIRST MORTGAGE BONDS
IS An INVESTMENT.

The rapid progress of the Union PacinC
Railroad, now building west from Omaha,
Nebraska, and forming, with its western
connections, an unbroken line across the
continent, attracts attention to the vain
of the First Mortgage Bonds which b.
Company now offer to the public. T.
first question. asked % prudent invs@
is, ''Are these bonds secure ?''- Next, 4
they a profitable investment" To nes
in brief:.
list The early completion aOf the wlais
great line to the Pacific is as certain as AZ
future business event can be. The Coy
ernmeat grant of-over twenty miillo-
acres, of land and fifty rniinon dollars ia
its own bonds practically g1aran tees r.
One-fourth of til e work is already done
and the track eontin 1es TO be Laid at The
rate of two miles day, ,,...-,-.,..
Cd. The Union Pacific Kafroad bonds
are issued uponwhat promisest to be one or
the most profitable lines Of raTlFoad in the
country For many years II must be- fhs
only line connecting the Atlantic and "a
ciic; and being without competition, Il
can maintain remuneratiYe rates.
Sd. Four hundred and twenty 1--WE miles
of this road are finished, and fully equip
ped with depots, locomotives, cars, NC,
and two trains are daily running each
way. The materials for the remaining
ninety-two miles TO the eastefns baseU
the Rocky Mountains are on hand, and IL
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 Fist
Mortgage Bonds upon such sections, and
If not another mile OF the rosd were buftI
the pa1F slready con1Pie teargoaId uot onIy
F,,,t 10
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 marEeS
unless they represent a boTla-Jfde property.
cth. Tie amount Is strictly limited by
law to a sum equal to what is granted by
the U. S. Government, and for which il
taxes a second lien as its security. This
amount upon the first 5I7 miles sVast from
OEaaha is only Sl6,0eO pei. mile,
1 sFth. 4sheifdct thatthe U. stGoeernhsAs1i
considers a second lien upon the road
good investmenf.IbE d that some OF the
shrewdest railroad builders of the county
have already paid in five million doiiars
upon the stock (Which is to them third
Hen), may well inspire confidence IL O.
first lien.
Sth. Although # is not claimed thsf
there can be any better securities tam
Governments. there are parties who CON
slider a 'apsB Iuortr atdpon such property
as this the very be security in the world.
and who -f4i their Governments to rein
vest IN a these PoRdS5- thhpp3 securing a
greater Interest.
9iIl. Jas The Union PRcifc Railroad ponds
are offered for the present at 90 cents OF
the dollar and accrued interest, they are
tho eheapsstsseurf1yzi the marketTbeEag
mol4 than Is per cent. less than u S.
stocks.
10Th. Attic current rate Of premium on
gold, they pay
5i. Oter Nine per Cent. Zaterest.
The daily subscriptions are already large,
and they will continue TO be received in
New York by the aas3 f.H
CONTINENTAL NATIONAL BANK,
.-sJG ia. fss..af i.9 No. Nassau streets
CLARK, DODGE & Co., Bankers,
81 Wall Street.
JOHN j. CISCO & son, Bankers,
No. 80 Wall Street;
nd'aby Banks and Bankers generally
Throughout the United States, Of whom
maps and descriptive pamphlets may be
obtained. They will also be sent by mail
from the Company's ONCE, No. ~ Nassau
street, New York, on application. Suf-
scribers will select their own Ageutsain
whom they have confidence, who alone
viii be responsible to them for the sale
of the bonds. ,.s-ysrs. is..-tr
JOHN j. CISCQt Hreqgurer,
..rs +. NEW. YORK.
AGENTS IN y vi vs. VILE:
EVANSVILLE NATIONAL BANE