The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-15
THE
UNION PACIFIC
RAILROAD co. 81 aoa
Their FIRST MORTGAGE BONDS
AS AN INVESTMENT.


The rapid progress of the Union racine
Railroad. now building west from Omaha,
Nebraska, and forming, with its western
connections. an unbroken line across the
continent, attracts attention TO the va.ue
| 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' Next, Are
they profitable investment7" To reply
in brief:
lst The early completion OF the whole
| great line to the Pacific is as certain as amy
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 -.
One-fourth of the work is already DONE
| and the track continues TO be laid at the
rate OF two miles day.
2,. The Union Pacific Railroad bonds
are issued upon what promises to be ore OF
the most profitable lines of railroad IN the
country. For many years 1t must be the
only line connecting the Atlantic ana "a
[ cffc; and being without competition, II
| can maintain remunerative rates
I'd. Four hundred and twenty-five miles
| of this road are finished, and fully equip
| ned with depots, locomotives, cars, cc.'
/ and two trains are daily running esch
: way. The materials for the remaining
ninety-two miles to the eastern pfase %
the Rocky Mountains are on hand, ana II
a. under contract to be done in September.
Attn. the net earnings of the sections
already finished are several times gfedte'
tran the gold interest upon the First
Mortgage Bonds upon such sections, ana
II not another mile OF the road were bullt
the part already completed would not only
; | nav interest and expenses, but be pront-
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 MARKER
unless they represent bOnd-Jlde properly
18th. The amount is strictly limited py
la,v to il sum equal to what is granteu 10y
the II. s. Government, and for which \
takes a second lien as its security TINS
amount upon the first SIT miles west IRON
omaha is only $4,000 per mile. tf
7th. The fact that the y. ). dovefnhleh
> considers second lien upon the ROAD
good investment, and that some Oh sn'
shrewdest railroad builders OF the country
have already paid in five million doliar
mon the stock (which il TO them thir'
lien), may well inspire confidence IN
first lien. sa4 it1s 900
e. sth Although it is not claimed ina
there can be any better securities thai
- M-..s.-
!. Governments, there are parties VINO con
slider a nrst mortgage upon sueh proPetI
as this the very best security in the Worlo
and who sell their Governments to rein
vest in these bonds thus securing
greater interest
9th. AS the Union Pacific Railroad BOND
= are offered tor the present at 80 cents O
the dollar and accrued interest, they ar
tha cheapest security in the market, beln
Ia mote than Is per cent. less than Y.
stocks.
10th. at the current rate of premium o
gold, they pay ~
Over Nine per Cent. Interest.
= The daily subscriptions are already larg
and they will continue to be received !
; New York by the
~ CoSTINENTAL NATIONAL BANK
No Nassau Street;
CLARK, DODGE & Co.. Bankers,
81 Wall Street;
FL John j. CISCO s. Son, Bankers,
:. No. 80 Wall Street;
apd Nv Ranks and Bankers general
throughout the United States, OF who
maps and descriptive pamphlets may
obtained. They will also be sent by ma
4, from the Company's Office, No. 20 Nassi
r, street. New York, on application. Su
X. scribers will select their own Agents,
whom they have confidence, who alol
win be responsible to them Tor the 50
delivery OF the bonds. aA
= JOHN j. CISCO, Treasurer,
= AssS7l eA8A a-tN NEW YORK
-. AGENTS. IN EVANS VILE:
EVANSVILLE NATIONAL BANK.