The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-14
ezei, ..f.rsi IS 4. THE ssy~, nglrE
UNION PACIFIC
!. y RAILROAD co: niG
Their FIRST MORTGAGE BONDS
as ~ LAS AN INVESTMENT.hGA


The rapid progress of the Union Pacific
Railroad now bailding west from Omaha,
Nebraska, and forming, with hts western
connections, an unbroken line across the
continent, attracts attention to the va.ue
of the First. Mortgage Bonds which the
Company now ofre- to the public. The
first question asked by prudent Investors
is, "Are these bonds secure ?" IN ext, Are
they a profitable inyestment?r, To reply
In br1el s'boD ni Tel tBs .zrbratfb
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 tobe laid at the
rate of two miles a day. -qd lulifi.nouT
ID The Union Pacific Railroad bonds
! are issued npon what promises TO be onelof
the NEST profitable lines of railroad IN the
country For many years 10 must belthe
only ffne connecting the Atlantic and Pa
cific; and being without competition. 1T
eau maintain remuneraJive rates. ST
Sd. Four hundred and twenty-five miles
of this road are finished. and fully equip
ped. with. sdepots, locomotives cars. &e-,
and two trains are daily running each
way. The materials for the remaining
nineLy-two miles TO the; easterns'base OF
the Rocky Mountains are on hand, and lit
is unfer csntraet TO be done t4 ssptember.
Attn. Tie 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 the road were built
pay interest and expense pen but pc profit
! 5th. The Union Pacifc Rafirdad BOMBS
can be issued only as the, road progresses,
and therefore can never be. in the market
Unless they represent d BOND, yade property.
9th. The amount is strictly limited by
law to a.sun equal TO what is granted by
the U. S. Government, aud for which IL
takes a seeoHd lien as its security. This
amount upon the first 5lz miles west from
Omaha is only SIG, $50 per mile. T., 80
7th. The fact that the U. s. Government
considers a 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
upon the stock (which is to them q third
lien), may well inspire confidence in a
first lien. a -~94tth ~61 Itani
Sth. Although it is not claimed that
there can be any better securities than
there are parties who con-
slider a drst mortgage upon such property
as This the very best Sc. urlty in the world, |
aud who sell their Governments to rein
vest in, these bonds = thus securing a |
greater interest asa s,lfr gf.tr s3r.n f.rnff |
, 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
mole than Is per cent. less than y. s..
stocks. i4a
10Th. At the current rate Of premium on
gold, they pay -
la oOoer Nine, per Cent. Interest.
The daily subscriptions are already large,
ind they will continue 70 be received in
Sew York by the ft 4
Ia CoSTrNEsT1L ATIosAE BAsK, 81 ~
1fn1'' h s"' No. Nassau Street;
- CLARK, DoDGE & Co., Bankers, 'f'
isw h22oos ei1qe 7sn5 81 Wall Street:
.oV JOHN ]! CISCO q SON, Bankers. sao
Taeg ie 2. 3 elr .,.h No. 80 Wall street.
nd by Banks and Bankers generally !
hroughout the United States, of whom
aaps and descriptive pamphlets may be
They wili also be sent by mail {
rom the. Companyss office, No 20 Nassau {
treet, New, York. on application. Sub :
cribers win select their, own Agents, in I
7hom they have confidence, who alone
III be responsible to them for thelsafe
!. e iNSIyo Of theIbondsrrss 79d nj ssnHdo 9
sw JOHNNY. CISCO, = Treasurer om !,
roo sIaw lego 9dI NEW YORK
Ill AGENfs Nv EVANsVILL e. ~
NITInVAI RANK ~