The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-27
UNION PACIFIC
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
I connections, an unbroken line across the
continent, attracts attention to the vasue
of the First Mortgage Bonds which the
Company nov one to the public. The
first question asked by prudent Investors
is, care these bonds secure?" Next, "Are
they profitable Investment? 's1To reply
in brief: oRH Ss5h a0ll1uzf1H013A
lst. The early completion of the whole
great line to. the Pacific is as certain as any
future business event can Be-. Thei Coy
/ eminent grant OF over twenty niiiion
acres of land and fifty miIlioh, dollars in
It's own bonds Practically guarantees it.
One-fourth of the work is already done,
and the track continues to be5laid at the
/ rate of two miles a day. slGtc anj La
3D.. 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 connectipg the Atlantic and Pa
cihc; and being without competition, 1t
can maintain remunerative rates. 1afrB
Sd. Four hundredssnd twenty-five miles
of this roadarefinished aud fully equip
ped with depots, locomotives, cars &C.,
and two trains are daily running each
ways 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 pet 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 anotherrnile OF the road were built
the part already completed would not only
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 6ondJide 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 5l7 miles west from
Omaha is only $4,000 per mile. .s.
" 18th. The fact that the u. s. Government
considers a second lien upon the road a
good Investment, and that some Of the |
shrewdest railroad builders OF the country
have already. paid in five million dollars !
upon the stock (Which Is to them a third |
lien), may well inspire confidence in a |
first lien. 4
Stb. Although it is not claimed that |
there can be any better securities than |
Governments, there are parties who con-
slider a nrst mortgage upon such property |
as this the very best e,urity in the world, /
and who sell their Governments to rein
vest in these bonds = thus securing
greater interest. ...5..,-
9th. AS the Union Pacific Railroad bonds
are offered for the present at 80 cents ON
the dollar and accrued interest, they are
the cheapest security in the market, being
more than Is per cent. less than U. s.
stocks. -at
10th. AT the current rate of premium on
gold, they pay 1@9
.f'2 Deer Nine per Cent, Interest
The daily subscriptions are already large,
and they will continue to be received in
New York by the Etf." -
CONTINENTAL NAT1oSAL BAEK, -e
80 -CaGA i l. No. Nassau Street;
~ CLARK, DODGE q Co., Bankers, y
I'D ,fst 15 s44tea 81 Wall Street;
JOHN ]. CISCO & Son, Bankers, II
- yrr.a5-. ,--v. tsr- No. 80 Wall street;
and by Banks and Ban1sers generally
the United States, of whom
maps and descriptive pamphlets may be
obtained., They will also be sent by mail I
from the Com pany's office, No. 20 Nassau
Street, New York, on application. Sub
scribers Will select their own Agents, in
viii ffbe responsible TO them for the safe
delivery or the bonds. iht IoI -ni19f3 l.
no JOHN u, CISCO, Freasare,, q il
n .STo non TOT Fsb NEW YORK II
~ toAGENTsIINgvAN sVIDLE:II