The Evansville journal., 1867-10-15
UNION PACIFIC
.RAlL RoADTQ
Their FIRST M0RTG kGE BONDS
99mh1AS@xf INVESTMENT =

The9rapid progrseass OF the Stnfon' Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with IT'S western
connections, an Sunbroken line across the
continent, attracts attention, to the va.ne
of the First Mortgage Bonds which the
Company now Offer to the public. The
first question asked by prudent investors
is, "Are these bonds secure7 y Next, t.Are
they a profitable inyestmentf q" To reply
in brief: .zlfti3afd yfia Ef,l - 'i.i z Z
LIST. The early completion. OF the whole
great line to the Pacific is as certain as any
future business event can be. The Gov
ernment grant of over twenty million
acres of land and fifty million dollars In
its own bonds practically guarantees 1t.
One-fourth OF the work is already done,
and the track continues to be laid at the
rate of two miles a day. t'
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 be the
only line connecting the Atlantic and Pa
cihc and being without competition, 1t
can maintain remunerative rates. ets+
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
nineIy-two 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 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 tbe road were built
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,
and therefore can never be in the market
unless they represent a bofaG-1de property.
9Th. The amount is strictly limited by
law to q sum equal to what is granted by
the u. 8. Government, and for which it
takes second lien as its security. This
amount upon the first 5l7 miles west from
Omaha is only $4,000 permile.1 .fEI
7th. The fact that the u. s. Government
considers a ssecond 1iensuponA the road
good investment, and that some of the
shrewdest railroad buildersrof the country
have already paid in five million dollars
upon the stock (w which is to them third
lien1, may well inspire condolences in Q
first lien. .'epao
there can be any better securities than
Governments, there are parties who con-
slider q drst 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
greater interest. .t849ctI y t3um4
9th. AS the Union Pacific Railroad bonds
are offered tor the present at go cents on
th3 dollar and accrued interest, they are
the cheapest security in the market, being
more than Is per cent. less than u. s.
stocks. s -x 4 tt5 "a ~ ii IS tN
10th. At the current rate of premium on
gold, they pay a.s-, t-fi.4 s+,-a. II h
Ouer Nine per Cent Interest.
The daily subscriptions are already large,
and they wifi continue to be received In
New York by the Fl r = ~ 44~A
CONTINENTAL NATIONAL BANK,
.IiA No. 7 NassauStreet; N
CLARK, DODGE & Co.. Bankers
~ 81 Wall Street;
JOHN j. CISCO & Son. Bankers,
- No. 33 Wall street;
and by Bag.ks and Bas,kers 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
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.
JOHN j. CISCO, Treasurer,
NEW YORK.
.runy1ye, nv N ~ J, Hye ryrr y3r.