The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-14
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UNION PACIFIC
RAILROAD CO.
Their FIRST MORTGAGE BONDS
As AN INVESTMENT. so.

The rapid progress OF the Union Pacific
Railroad, now building west from Omaha.
Nebraska, and forming, with its western
connections, an unbroEen line across the
continent, attracts attention to the va ne
of the First Mortgage Bonds which the
Company now Offer to the public. The
first question asked by prudent investors
LIS, "Are these bonds secure?" Next, "Are
they profitable Investment" To reply
in brief: N At#t
LIST. The early completion Of the whole
great line to the Pacific is as certain as any
future business event can be- The Gov
ernment grant of over twenty million
acres of land and nfty 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.
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 he Atlantic and Pa
cific; and being without competition, it
can maintain remunerative rates. f -
Sd. Four hundred and twenty five miles
of this road are finished, and fully equip
ped with depotsy 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.
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 a bona tide 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 1t
takes a second lien as Its security. This
amount upon the first SIT miles west from
Omaha is only $4,000 per mile. #8Y
7th. The fact that the u s. Government
considers a second lien upon the road d
good investments 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 third
lien), may well inspire confidence in
drst lien. 5s1 &ss s.
sth. Although It is not claimed that
there can be any better securities than
Governments, there are parties who con-
slider drst mortgage upon such property
ss this the very best security in the world,
and who sell their Governments to rein
vest in these bonds = thus securing a
greater interest.
9th AS the Union Pacific Railroad bonds
IRE offered for the present at 30 cents on
he dollar and accrued interest, they are
she cheapest security in the market. being
stocks. sr
10th. At the curien rate of premium on |
gold, they pay
Deer Nine per Cent. Interest.
The daily subscriptions are already large,
and they will continue to be received in
New York by the - ~ !
CONTINENTAL NATIONAL BANK,
No. Nassau Street;
CLARK. DODGE 81 Co., Bankers,
81 Wall Street;
JoHs j. Cisco q Son. Bankers,
ga - = No. 50 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 Company's Office, No. 20 Nassau
Street, New York, on application. Sub
scribers will select their own Agents, in
whom they have confidence, who alone
win be, responsible to them Tor the safe |
delivery of the bonds.
JOHN j. CISCO, Treasurer,
NEW YORK.