The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-23
THE
UNION PACIFIC
RAILROAD 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 It's western
counections, an nnbroKen line across the
continent, attracts attention to the va.ue
OF the, First Mortgage Ronds which the
Company now roffer to the public. The
frstr question asked by prudent investors
IS, .iAre these bonds secureS" Next, "Are
they pnoftabie Investment? To reply
IN brief: - ~
LIST. Tne early completion of the whole
/ great Tine TO the Pacific is as. certain as any
future business event can be. Tire Gov
ernment grant of over twenty million
acres of LAND and hfty million dollars in
its own bonds practlcally guarantees II.
one fourth OF the work is already done,
and the track continues TO be laid At the
rate of two males a day. 80 .a04'
I'd. The Uhion Pacific Railroad bonds
are issued upob what promises TO be one Of
the most profitable lines of railroad nthe
country. For many years 1T must be The
only line connecting the Atlantic and Pa
cffic; and BEING without competition, II
can aihtaih retnuherarve rates,
Sd. -Four hundred and twenty fye miles
OF this road are finished, and fully equip
ped with depots, Locomotives, cars, &c,
and two trainse are daily Tunning each
way. fThs materials for the remaining
ninety-two Intles to the eastern base OF
the Rocky MPpntains' are on, hand, and 1T
IL under contract TO be done in September.
Attn. The net earnings, of The sections
already finished are several things greater
than the gold interest upon the First
Mortgage bonds upon snch sections, and
ii not another mile Of the. road were. buIt
The part already con- pieted would not only ,
pay Interest and expenses, but be profit
able 10 the company! e 2Q
5th. The Uhiorf Pacih9 Railroad bonds
can be issued only as the toad progresses,
and therefore can never be AN the market
Unless they represent aatoHd.Jide property.
9th. The amount is strictly limited by
law to a sum equal to what is granted by
the u. 8. Govern1aent, and for which 1t
tan es- second hen as its security This
anon nCupon the hrst OH miles west from
omaha is only Sl6,9e0 per mile. Jrd1 -Ehs
eth. The fact that the u, $, Government
considers a. second lien upon the road
good investment,l and that, some of the
shre est railroad builders OF the country |
have already paid in I'VE million dollars
upon thestock (Which is, to- them a. third
IIen), may well inspire confidence in a |
first lien,
sth. AIthou2h it is not. claimed that
there can be any better securities than
there are parties who con-
slider rrst mortgage upon such property |
as this the very best security in the world,
and who iIthelr Governments to rein
vest in these bonds thus securing a
greater interest. - ~ iQ5
eth. AS the'Union Pacific Railroad bonds
are offered Tor the present at 80 cents on
the dollar and accrued interest, they are
the cheapest security in the market, being
moIe than Is per cent. less than U. S.
stocks. t,.At II 4tfF
10th. At the current rate of premium on
gold they pay ~ re
Oeer Nine per Cent. Interest. .ra
The daily subscriptions are already large,
and they will continue to be received in
New York by the .af aE0T
CoHTISENTAL NATIONAL BANK,
f5e-A NOT Nassau street;
T CLARK, DODGE & Co., Bankers,
3oi-osi ei1 o1C hac 81 Wall Street;
- JOHN JaCIsCo q SON. Bankers,
~ 3 md2E944f No. % Wall street;
and by Banks and BANKERS GENERALLY
the United states, Of whom
descriptive pamphlets may be
Obtain ed They WI also be sent by mail
from the ComPany's office, No. 20 Nassau
Street, New York, on application. Sub +
seribers viii Select thelfeOwn Agents, in
whotn they hive c0hndenee, VINO alone
viii be 'responstble 10 them Tor the safe
delivery otthe Bonds. 10 ia, a.
l9oJQHNa j. CISCO, Tceasnrerg 500 i
NEW YORK. nd
74fs4z GENTS, IN, kVz4 Ms TILL e. q I Il Il
EVANSVILLE NATIONAL BANK egF