The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-20
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, -ith ITS western
| connections, an unbroken llpe across the
| continent, attracts attention 20 the vaIue
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, "Are
they profitable investment" To reply
in brief:
list. The early completion of the whole
great line to tine Pacific is as certain as 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 Il.
One-fourth of the work is already done,
and the track continues to be laid at the
rate of two miles a 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 the Atlantic and Pa
cihc; and being without competition, 20
can maintain remunerative rates.
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
ninety-two miles to the eastern base of
the Rocky Mountains are on hand, and IL
Is under contract to be done in September.
9TH. 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 4t
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 6ona-dde property.
9Th. The amount is strictly limited by
law TO a sum equal TO what Is granted by
the u. s. Government, aud for which IL
takes second Lien as its security. This
upon the first 5l7 miles west from
Omaha is only $4,000 per nile.
9TH. The fact that the u. S. Government
a second lien upon the road a
good investment and that some OF the
shrewdest railroad builders Of thecountry
have already paid ia i've million dollars
upon the stock (Which il TO them third
lien), may well inspire confidence In a
drst lien. EHic.'iH Hai t'H
Sth. Although IT is not claimed that
here can be any better securities than
there are parties who con-
slider a nrst mortgage upon such property
IS 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 80 cents on
he dollar and accrued interest, they are
he cheapest security in the market, being
nOIe than 10 per cent. less than U. 3.
tocks.
10th. At the current rate OF premium on
,old, they pay
over Nine per Cent Interest
The daily subscriptions are already large,
nd they will continue TO be received in
Jew York by the
CONTINENTAL NATIONAL BANK,
oft. No. 7 Nassau Street;
CLARK, DODGE & Co., Bankers
81 Wall Street:
JOIN J. CISCO d Son, Bankers,
....- No. % Wall street;
nd by Ranks and -Rogkers generally 9
throughout the United states, of whom
maps and descriptive pamphlets may be
btained. They will also be sent by mail
.om the COmpanys office, No. % Nassau
treet, New York, on application. Sub
;ribers Will select their own Agents, ia
nom they have confidence, who alone
i'll be responsible to them for the safe
elivefy o. the bonds gtiL E.'
'JOHNl J. CISCO. Tr9asqrer.
800 FL rrt.t.i n NEW YORK.
..AGE.N7,s Ly E-H4NsKkLLR;bl.