The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-05
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 its western
connections, an unbroken line across the
continent, attracts attention to the value
of 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, SAre
they profitable Investment ! To reply
in brief: T1t8ta Efsnt5ssg ifas e,sstI
LIST. The early completion Eof. the; whole
great line to the Pacific Is as certain as any
future business event can be. The Coy
eminent grant of over twenty, million
acres of land and fifty 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.
ID. 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
cific; and being Without competition, it
can maintain remunerative rates. ifas
8 Sd. Four hundred and twenty-five miles
of 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
nineLy-two miles to the eastern base of
the Rocky Mountains are on hand, and it
is under contract to he 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 tothe Com pany. 5Ht 10 HaH
/ 5tf. 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 6ona-Jide property.
9Th. The amount is strictly limited by
law to a sum equa, to what is granted by
the u. 8. Government, and for which 1t
takes second lien as its security. This
amount upon the FIRST SIT miles west from
Omaha is only A6. 0ee per mile. =
s 7th. The fact that the u. g. 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 i've million dollars
upon the stock (Which lis to them as'third
lien), may well inspire: confidence in
first lien. 0x4rA3 taE3Toa al6 al N
Z 8th. Although 1t 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 security in che world,
and who sell their Governments. to REIN 4
vest In these bonds thus securing a 4
greater interest. :, II
9th. AS the Union Pacific Raflroad 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. 5asGG3 ~ 5st - lfft
10TH At the current rate of premium on
gold, they pay GAtgd
p Oyer Nine per Cent. Interest.
The daily subscriptions are already large,
and they will continue to be received in
New York by the Gag @lfUTs ~ II
~ CONTINENTAL NATIONAL BANK,
81 No. NASSAU Street;
+ CLARK, DODGE q Co., Bankers,
sa1tfs 'sas.&.f 81 Wall Street:
= JOHN J.CIsCo & Son, bankers,
s-efs4 sfte,l No. 80 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 win select their own Agents, in
whom they have. confidence, who alone
win be. responsible to them for the safe
delivery OF the bonds.
!. JOHN j. CISCO, Treasurer, i
5.~..,,..t{ NEW YORK.
AGENTS IN, ENTHUSIASTICALLY II
EVANSYILLEa NATI0NhL RANK. ~