The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-09
THE
UNION PACIFIC
RAILROAD co.
Their FIRST MORTGAGE BONDS
AS. ANvfNTESTMENT.

The rapid progress of the Union Pacific
Railroad. now building west from Omaha,
Nebraska, and forming, with It's western |
connections. an unbroKen line across the |
continent attracts attention to the ya.ue
OF the First Mortgage Bonds which the
COMPANY now Offer to the public. The
first question asked by prudent investors
is, ssAre these bonds secure?" Next, Are
they profitable Investment" To reply
in brief:
Ist The early completion of the Whole
great line to the Pacific is as certain IS any
future business event can be. The Gov
eminent grant of over twenty million
acres Of land and fifty million dollars in
its own bonds practically guarantees II.
One-fourth OF the work is already done,
and the track continues to be laid at the
rate Of two miles day.
| 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 1t. must be the
/ only line connecting The Atlantic and Pa
/ cihc; and being without competition, 1t
can maintain remuneratlve rates
Sd. Four hundred and twenty-five miles
| of this road are finished. and fully equip
| ped with depots, locomotives, cars Ge-'
and two trains are daily. running eacn
way. The materials for the remaining
! ninety-t1vo miles to the eastern base OF
| the Rocky Mountains are on hand ana II
Is nnder 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
nav interest and expenses, but be profit
able to the Company.
5tb. The Union Pacific Railroad bonds
can be issued only as the road progresses
and therefore can never be IN the Market
unless they represent bold-Isde properly
sth. The amount is strictly limited by
law to a sum eqtaI to what is granted by
the II. s. Government, and for which IL
takes a second lien as its security This
amount upon the first 5l7 miles west nom
omaha is only sl6,0e0 per mile.
7th. The fact that the q. $. Government
considers a second lien upon the roao q
yooa investment. and that some of the
sbrauv1est railroad builders of the country
+ have already paid in five million dollars
upon the stock (which is to them third
uen1. may well inspire confidence IN
first lien.
sth. Although it is not 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 rein
vest in these bonds - thus securing
greater interest.
9th. AS the Union Pacific Railroad bond:
: are offered tor the present at 80 cents on
the dollar and accrued interest. they arr
the cheapest security in the market, belnt
= more than Is per cent. less than Q. :
stocks.
lOth. At the current rate Of premium OF
gold, they pay
Over Nine per Cent. Interest.
' The daily subscriptions are already large
and they will continue TO be received i
New York BY the
> CoSrINENTAL NATIONAL BANK,
No. Nassau street;
CLARK, DODGE & Co, Bankers,
81 Wall street;
JOHN j. CISCO & sou, Bankers,
: No. 81 Wall street;
and by Banks and BG1siers general
throughout the United states. OF whom
mans and descriptive pamphlets may b
obtained. They will also be sent by ma
4, from the Colnpany's Office, No 20 Nassa
4, street, New York, on application. Sui
scribers will select their own Agents, !
whom they have confidence, who aion
win be responsible to them for the sal
delivery OF the bonds.
JOHN J. CISCO, Treasurer,
> NEW YORK.
AGENTS IN EVA NSFILLE: