The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-25
JOS. q. COLEMAN,
General AuctiOnecFs
THE
UNION PAGE& ia
RAILROAD CO.
Their FIRST MORTGAGE BOMBS
AS An INVESTMENT.

The rapid progress of The Union PaclBa
Railroad, now building west from OMAHA
Nebraska, and forming, with It's western
connections, an unbrogen line across Inc
continent, attracts attention to the va.ua
of the First Mortgage Bonds which tAz
Company now Ofe- to the public. 1,saf
first question asked by prudent invesiGGg
is, 'Are these bonds secure?" Next, "Azs
they profitable investment" 10 reF7d
in brief:
LIST The early completion OF the whukt
great line to the Pacific is as certain as slEH
future business event can be. The GuFs
eminent grant Of over twenty mill1ga
acres OF land and fifty million dollarB Iu
its own bonds practically guarantees e..
One-fourth OF the work Is already dOua
and the track continues TO be laid 81 tia
rate of two miles a day
Cd. The Union Pacific Railroad bonG#
are issued upon what promises 10 be oneot
the most profitable lines OF railroad IN the
country. For many years it must be tAs
only line connecting the Atlantic and Pm
cihc; aud being without competition, 70
can maintain Femunerative rates.
Sd. -Four hundred and twenty-five mites
Of this road are finished, and fully equip
ped with depots, locomotives, cars, H. RI
and two trains are daily running eaeh 81
way. The materials for the remaining
nineLy-two miles 10 the eastern base 81 -
the Rocky Mountains are on hand, and ~
is under contract 10 be done ia Septembez.
9Th. The net earnings OF the sectioza
already finished are seUeTaE times 0re0sev
than the gold interest upon the FirE1
Mortgage Bonds upon such sections ana y
If not another mile ofths road we're butl8
the part already completed would not only
pay interest and expenses, but be profit
able TO the Company.
9TH. The Union Pacific Railroad BONDS
can be issued only as the road progresses
and therefore can. never be IN the Market
unless they represent bOnd-Jzde pTopensss9 !
9Th. The amount is strictly limited ~
''aY TO 4 sum equal to what is granted 2w
the u. S. Government and for which -
takes a second lien as Its security. Tnag
amount upon the first 5l7 miles west frOzn
omaha is only $4,000 per mile. ....u
7th. The fact that the u. S. Government
considers a second lien upon the road
good investment, and that some Of tns
shrewdest railroad builders OF the country
have already paid in I'VE million dollags
upon the stock (which il TO them thUA
hen)i may well inspire conhdenee n
first lien.
sth. Although 1t is not claimed tuAs
there can be any better securities thaG
Governments, there are parties who Gus
slider hrst mortgage upon such property
as this the very best security in the worL1a
and VINO ell their Governments TO re-LI~
vest in these bonds - thus securing
greater interest.
eth. As the Union Pacific Railroad bonds
are offered TOR the present al - cents CA
the dollar and accrued interest, they a-H
the cheapest security in the market, beng
mole than Is per cent. less than u 3
stocks.
10Th. At the current rate Of premium On
gold, they pay
Over Ajne per Cent Interest.
Thedally subscriptions already large
and they will continue 10 be received AZ
New York by the
CoegTIEENTAL EATIofAL BAaK,
No. Nassau Street.
CLARK, DODGE < Co., 2enkeIs,
81 Wall Street,
JOHN J. CIsCo d son, Bankers,
No. 81 Wall Street
md by Banks and Bankers generally
the United states, Of wAona
maps and descriptive pamphlets may be-
obtained. They will also be sent by mai
rom the Company's Office, No. 20 NassaE
Street, New York, on application. Sub
cribers will select their own Agents, in
whom they have confidence, VINO alone
viii be responsible TO them for the safe
delivery OF the bonds.
JOHN j. CISCO, Treasurer,
NEW YORK
AGENTS IN EVA Ms YKLLE:
EVANSVILLE NATIONAL BANK.