The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-26
THE
UNION PACIFIC
RAILROAD co. s.
Their FIRST MORTGAGE BONDS
( ueiha AS IN INVESTMENT. So

| 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
rs, Are these bonds secure b. Next, "Are
they z profitfapale6 iin,vsstmeptsih TO reply
t ne early SoBndea, ilsl9 u he whole
great line to the 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 it.
One-fourth of the, work, is already done,
and the track continues to be laid at the
rate of twomiles day. a. esats
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 he the
only, fine connecting The atlantic and Pa
cffic; and being without ompetition, 1t
can maintain remunerative rates.
Sd. FGur 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. Theu materialsU for the remaining,
nineIytwo miles TO the eastern base of
the Rocky Mountains are ON hand, and it
is under contract to be done in September.
4th. The net earningsl of the sections
already finished are several things 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
-
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 bona.fde 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 5l7 miles west from
Omaha is only SIC, 900 per mile. rt
7th- The fact that the u. s. Government
considers a second lien upon the road
good investment, 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 a
first lien.
9Th. Although 1t is not claimed that
there can be any better securities than
Governments, there are parties who con-
slider first 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 a
greater interest.
9th. AS the Union Pacific Railroad bonds
are offered for the present at so 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. slf. l5lt ti1t .e-5s at ,a.I
10th. AT the current rate of premium on |
gold, they pay eds les rst@.h.
14e Ouer Nine per Cent. Interest
. The daily subscriptions are already large, |
and they will continue to be received in |
New York by the fH4r. SD Ri.
CONTINENTAL NATIONAL BANK,
f.e.. ea-.-.f. No. Nassau Street; |
CLARK, DODGE d Co., Bankers, eu
.,.i,,-..-fF ,rrf+.-, 81 Wall Street; |
JOHN j. CISCO & Son, Bankers,
- 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 will select their own Agents, in |
whom they have confidence, who alone |
delivery of the bonds. st8- s1HlT s.-.k
lJgCISC0, Treasurer, /
rpug .-AGENgsy IN EV.ANsTIILE. u /
II EVANSVILLE NATIONAL BANK.
auto GAW3ul-