The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-19
~tFtt p u rfftA a. THE - FH1 f.fH - ~ y
UNION Pacific
w. i RAILROAD CO. , a5D'
Their FIRST MORTGAGE BONDS
OF LAS An INVESTMENT. 9idsUoi

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 10 the va.pe
OF the First Mortgage Bonds which the
Company now offe- to the public. The
first question asked by prudent investors
is, sAre these bonds securef" Next, care
they a profitable investment 2" TO reply
in brief: 9NcN iEto1 eny WUF4 ~ t'Sbf
LIST. The early completion of the 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 IL.
One-fourth of the work is already done,
and the track continues TO be laid at the
rate of two miles a day. ..r.e div e45e-
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 it must be the
only line connecting the Atlantic and Pa
cifc; and being without competition, IT
can maintain remunerative rates.
Sd. -Four hundred and twenty-five miles
of this road are finished, and fully equfp4
ped with depots, locomotives, cars, &C.,
way. The materials for the remaining
ninely-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 sect Ions
already finished are several times qre,sier
tpan the gold interest upon Inc ebtr7tt
Mortgage Bonds upon such sections. AID
If not another mile of the road were DL!jt
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, 1
and therefore can never be in the m srket
unless they represent a bonG.fde properly. 3
9Th. The amount is strictly limited by
law to a sum equal to what is granted by 4
the u. s. Govern ment, and for which it
takes second lien as it's security This
amount upon the first 5l7 miles west from
Omaha is only siG,0e0 per mile.o1 animeos
eth. The fact that the u. s. Government,
considers second lien upon the road a
good investment, and that some OF the
shrewdest railroad builders OF the country
have already paid In five million dollars
q pom the stock (Which Is to them a third
lien), may well inspire condolences in a 4
d rst- lien. asRtGEo r6i .Ds9T9 g9hiUn
{ OH. AlL0OG2H III u uob thdb
there can. be any better securities than
Governments, there are parties who con-
slider nrst mortgage upon such property
as CHS the very best security in the world,
and who sell their Governments to rein
vest in these bonds = thus securing a
greater interest. -f...
9Th. AS the Union Pacific Railroad 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. 3. |
stocks.
10th. At the current rate of premium on
gold, they pay
Over Nine per Cent. Interest.
The daily subscriptions are already large, |
and they will continue to be received In |
New York by the r..--
Continental NATIONAL BANK,
No. 7 Nassau Street;
CLARK, DODGE q Co., Bankers,
81 Wall Street;
JOHN j. CISCO q SoN, Bankers,
No. 30 Wall Street;
and by Banks and Bankers generally |
the United states, of whom
maps and descriptive pamphlets may be
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
will be responsible to them for the safe !
delivery of the bonds. -ts .r.
JOHN j. CISCO, Treasurery
NEW YORK.
AGENTS IN EVANSVILLE:
EVANSVILLE NATIONAL BANK.
aul0 d6w3m