The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-16
UNION PACIFIC
q RAILROAD CO.
Their FIRST MORTGAGE BONDS
a AS AN INVESTMENT.

I D "a 4 zzN r.
The rapid progress or 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 lva.ue
or. 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 profitable investment?" To reply
In brief: syia IS fsi8B. $500 3gsd 2
s. lst. 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 effland and hfty million dollars in
its own bonds practically guarantees it.
One-fourth of the work is already done,
and the track continues to be laid at the
rate of two miles day. 9sfBiAoG
K I'd. 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 it must be the
only line connecting the Atlantic and Pa
cific; and being without competition, it
can maintain remunerative rates.
81 Sd. Four hundred and twenty-five miles
CT 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 1t
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
the part already completed would not only
pay interest and expenses, but be profit
able to the Company. 4. 4,
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 bona .fide 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 $1,000 per mile. =.
7th. The fact that the U. s. GoverptAent
considers q second lien upon the read 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 toftAem q third
iien).l may well inspire ,eoufdence in a
first lien. -oi4 80 fSw
sth. Although it is Sndk claimed that
there can be any better securities than
Governments, there are parties who con-
slider nrst mortgage upon such property
as this the very best security in the world,
and who sell their Governments to re-in-
vest in these. bonds = thus securing
greater interest. ~ ,.s.-.f.;s.ef,., so IA
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
mole than Is per cent. less than U. s.
stocks. fas i E"
10th. At the current rate of premium on
gold, they pay vHam buR IasA8nIhnl Hl
Over Nine per Cent, Interest. tse5
The daily subscriptions are already large.
and they will continue to be received in
New York by the oa 59195 2 re- sao4i'7 "
Z CONTINENTAL NATIONAL BANK, 8 81
No. Nassau Street;
CLARK, DoDaE & Co., Bankers,
8fh 81 Wall Street;
JOHN ]. CISCO & SON, Bankers, ~.
GII ~ DJtG No. So Wall street;
and by 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 Compapy's ONCE, 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 to them for the safe
delivery of the bonds. rs1fBm rs .slsf
- JOHN j. CISCO, Treasurer. 9H'
..s'.. y a7lii'l NEW YORK.
AGENTS IN EVANSVILLE:
PyANkVIILE NlTJ0NAT, RANK