The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-08-23
ACxE THEEo "A 2DU.
UNIONTsPAGIEC
RAICROAD co.
Their FIRST tsitesgTeAGe5EE BONDS
AS ANy'bNFkSTMENT.A 3 So 4

Hsaa-- = as~rEH : a.
The rapid progress OF the Union Pacific
Railroad, now building west from Omaha,
Nebraska, aud forming. with lts western
connections, an unbroken line, across the,
continent, attracts attentionoto the ya.ue,
of the First Mortgage Bonds which the
Company now offe- to the public. The
first question asked by prudent investors
is, "Are these bonds secure? - Next, Are
they a profitable sinvestment?Di. To reply
in brief:
1st. 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 IT,
One-fourth of the work is already done,
and the track continues to be laid at the
rate Of two miles day.
%. The Union Pacific Railroad bonds
are issued upon what promises to be one OF
the most profitable lines of railroad in the,
country. For uany years it must be the
only line connecting the Atlantic and Pa
cific; and being without competition, it
can maintain remunerative rates. D
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,
nineJy-two miles to the eastern base. of
the Rocky Mountains are on hand, and it
is under contract to be done in September.
18th. 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
il not another mile OF the road were built
the part already completed would not only
pay interest and expenses, but be profit
able TO the Company. - fa
5th. The Union Pacific Railroad bonds
can be issuedsoniy as the road progresses,
and therefore can never be In the market
unless they represent a bona tide property.
9th. The amount is strictly limited by
law 10 a sum equal to what is granted by
the o. :. Government, and for which it
takes a second lien as its security. This
amount upon the first 517 infies west from
Omaha is only sl6,o6o per mile.
18th. The fact that the U. S. Government
considers a second lien upon the road
good Investment. and that some ofdthel
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
first lien. ,sl,g .-1sfe4s .gEresrs-t
Sth. Although it 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 ,ell their Governments to REIN
vest in these bonds Il thus scouting a
GREATER interest.
9Th As the Union Pacific Railroad bonds
are offered for the present at 30 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
10Th. at the current rate Of preiniuin. on
gold, they pay, ~
Oee,s Nine per Cent Interest
The daily subscriptions are already large,
and they will continue to be received i'm
New York by the f s,.s4o-s l5o .at =. I'LL
CONTINENTAL NATIONAL BANK, .,.r
No. 7 Nassau Street;
CLARK, DODGE & Co., Bankers,
81 Wall street;
JOHN j. CISCO Il SON. Bankers. ssuss.aa
- 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 Com pany'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.su AE.s, q
JOHN J. CISCO, Treasurer,
NEW YORK.
AGENTS IN EVA NSvILLE. z9H1t