The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-28
HFI sf THE IN eiG
UNION PAggFE
E'o.e RAILROAD co
Their FIRST M0gTG6 GE BONDS
So AS An INVESTMENT. is


The rapid progress OF the Union PaeiFszs
Railroad, now. building west from Omaha
Nebraska, and forming, With its western
connections, an unbroken line across the
continent, attracts attention 20 the va. NJ
of the First Mortgage Bonds which tks
Company now Offer to the public e.
first question asked by prudent fnvess. -
is, t'Are these bonds seodFe2 ~ Next. II . t.,
they a profitable investment9's To
in brief: lca s-sat 81 .sse
LIST. The early completion Of the VIVA
great line to the Pacific is as certain as azft
future business event can be. The Co.
eminent grant of over twenty millloaA
acres OF land and fifty million collars An
its own bonds practically guarantees H..
One-fourfh of the work is already done.
and the track continues to be laid al the.
rate of two miles a day.
ID. The Union Pacific railroad yonsfs
are issued upon what promises to b.. one OF
the most profitable lines OF railroad IN TIE
country. For many years 1t must be the
only line connecting the Atlantic and Pa
cifc; and being without competition, IL
can maintain remuueraAve rates.
Sd. -Four hundred and twenty-five miles
of this road are finished, and sully equip
ped with depots, locomotives, cars, SSe..
and two trains are daily running eseai
way. The materials for the remaining,
ninety-two miles to the eastern base o.
the Rocky Mountains are on hand, and is
is under contract to be done in September.
4th. The net earnings OF the sections
already finished are several times ereatsg
than the gold interest upon the FErSs
Mortgage Bonds upon such sections, ana
If not another mile OF the road were S4zils.
the part already completed would not on2z,
pay interest and expenses, but be prom
able to the Company.
5th. The Union Pacific Railroad bones
can be Issued only as the road progress
and therefore can never be in the rnaKxse
unless they represent a bona-4 ole properly
9Th. The amount is strictly limited azF
law to a sum equal to what is granted l5He
the q. ). Government, and for which "a
takes a second lien as its security. This
amount upon the first 5l7 miles west EEoEz8l
Omaha is only $1,000 per mile 4e5 sffa 71
It'll. The fact that the U. :. GovernBten
considers a second lien upon the road a.
good Investment and that some of Ehsr
shrewdest railroad builders OF the countrzEl
have already paid IN I'VE million dollars
upon the stock (Which is 70 them thtrsa
lien), may well inspire confidence IL. -
first lien.
sth.i Although it is not claimed TASK
there can be any better securities than
there are parties who ooza-
slider a nrst mortgage upon such properly
as this the very best security ia the woESf3s
and who selltheir Governments to re-2zs-
vest in these. bonds-t thus securing .
greater interest fe
eth. AS the Union Pacific Railroad honda
are, offered tor the present AZ 80 cents uaz
the dollar and accrued interest. they as4
the cheapest security in the markets beElE-
mole than 10 per cent. less than U. 81
stocks. 900 HE
10th. At the current rate Of premium OK a.
gold, they pay ra41 ~ esa "
OUes- Niae per Cent. Interest
Thedaily subscriptions are already IaFgB,
ind they will continue TO be receives. I'm
New York by the 51 M
CONTINENTAL. y ATToNAL BANK, sau
No. Z Nassau Street
CLARK. DODGE d Co.. Bankers
erf fre 81 Wan Street,
JOHN J. CISCO & Son, Bankers, rf.,5.ts
No. 80 Wall Stre4s5
throughout the United States, of whnEu
maps and descriptive pamphlets mas be-
obtained. They will also be sent by rElazl
rom the Company's Cfice, No. 20 Nassnzs
street, New York, on application. Suz,-
cribers win select their own Agents. In
7hom they have confidence, VINO aIo1as
7ill be responsible to them for the safe
elivery of the bonds.
JOHN j. CISCO, Treasurer.
NEW YORK
AGENTS IN EVANSVILLE.
EVANSVILLE EATTRNAT RINK