The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-30
THE
UNION PACIFIC
e-iai' RAILROAD CO.
Their FIRST MORTGAGE BONDS
As AN INVESTMENT.

The rapid progress OF the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with Its western
connections. an unbroKen line across the
continent, attracts attention to the va4ue
of the First Mortgage Bonds which w.
Company now Offer TO the public.
first question asked by prudent inYsaif
is, "Are these bonds secure2" Next,
they a'profitable investmentR" 10
in brief:
LIST. The early completion of the who.
great line TO the Pacific is as certain as an
future business event can be. The Cos
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 70 be laid at the
rate Of two miles a day. rHffter
I'd. The Union Pacific Railroad bonds
are issued uponwhat promises TO be one Of
the most profitable lines OF railroad Ia the
country. For many years II, must be the
only line connecting the Atlantic and Pa
cine; and being without cotnpetiaoR, it
can maintain remunerative rates.
Sd. Four hundred and twenty-five miles
OF this road are finished, and fully equip
ped with depots, locomotives, cars, &c,
way. The materials for the remaining
nineJy-tWo miles TO the eastern base OF
the Rocky Mountains are on shand aud il
is under contract to be done III September.
Atm. 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 the road were built
the part already completed would not only
llay interest and expenses but be profit
able to the Company. "a o.
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 bOnG-JTd property.
9TH. The amount is strictly limited by
law to a sum equal to what Is granted by
the u. 5. Government, and for which IL
takes a second lien as its security. This
amount upon the first 5l7 miles west from
Omaha is only $4,000 per mile.
9TH. The fact that the u. s. Government
considers a seeopd. lisn lup9n The road
good investment, and that some Of the
shrewdest railroad builders OF the country
have already paid IN hve million dollars
upon the stock (Which II 10 them "a third
nen), may well inspire confidence in
first lien.
there can be any better securities than
Governments, there are parties who COM
s1der a drst mortgage upon such property
as this the very best security ia the world,
and who sell their Governments to REIN
vest in tAese bonds n TINS securing a
greater interest.
0th. As the Union Pacific Railroad bonds
are offered for the present AT 90 cents on
the dollar and accrued Interest, they are
the cheapest security in the market. being
more than Is per cent. less than U. $.
stocks! 10 cCAHH = non
10th. At the current rate OF premium on
gold, they pay ......s
Ooer Nine per Cent. Interest.
The daily subscriptions are already large,
and they Will continue TO be received in
New York by the fs9
CONTINENTAL NATIONAL BANK,
no. 7 Nassau Street,
CLARK, DODGE d Co., Bankers,
81 wall street;
JOHN j. CISCO & SON, Bankers,
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 Company's ONCE, No % Nassau
Street, New York, on application. sub
scribers Will select their own Agents, In
whom they have confidence, who alone
win be responsible TO them for the safe
delivery OF the bonds.
JOHN j. CISCO, Treasurer,
NEW YORK
AGENTS IN BVANgVILLE:
EVANSVILLE kATI0NAL srRANE