The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-09-07
sr.zs- THE -ssz.sz..ss
UNION PACIFIC
RAILROAD CO. .5e
Their FIRST MORTGAGE BONDS
ASIAN INVESTMENT.

F.. 4 = B.
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 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 secure?". Next Are
they profitable Investment" i To reply
in brief: sFst is sssias :sst 3 5flaa az ~
LIST. 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 1t.
One=fourth of the work. is already done,
and the track continues to beilaid at the
rate of two miles day. 1of bHsfu1b 2,
I'd. The Union Pacific Railroad bonds
are issued upon what promises to be one of
the most profitable lines of railroad in the
country. For many years 1t must be the
only line connecting the Atlantic and Pa
cific; and being without competition, 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..
and two trains are daily running each
way. The materials for the remaining
ninety-two miles to the eastern base of
the Rocky Mountains are on hand, and it
is under contract to be done in September.
|. 4th. 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 she road were built
the part already completed would not only
pay Interest and expenses, bat be profit
able to the Company ~ 5aelt fJd - Z
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 6ondJide property.
9Th. The amount is strictly limited by
law to q sum equal to what lis granted by
the u. s.. Government, and for which 1T
takes a second lien as its security This
amount upon the first SIT mites west from
Omaha is only sic, geo per mile. ~
eth. 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
u pom the stock (which is to them q third
lien), may well inspire confidence in
first lien. I'D i5l.r hI1aiAafa iFa1 irii99f z .
sth.s Although 1t is not claimed that
there can be any better securities than
Governments. there are parties who con-
slider a nrst mortgage upon such property
as this the very best security in the world,
and who seiftheir Governments to REIN.
vest in these, bonds - thus securing a
greater interest. ao49' fxsa gisAi ~ q
9th. As the Union Pacific Railroad bonds
are offered for the present at 80 cents on
tho dollar and accrued interest. they are
the cheapest security in the market, being
more than Is per cent. less than U. S.
stocks --szss--aa---zsas-
10th. At the current rate of premium on
gold, they pay
Ouer Name per Cent. Interest.
The daily subscriptions are already large,
and they will continne to be received in
New York by the 'oftf
CONTINENTAL NATIONAL BANK,
s5xsr srf MOI Nassau Street;
CLARK, DoDGE & 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 Office, No. 20 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.
al JOHN j. CISCO, Treasurer, 4sa
.s-s .ss- NEW YORK.
+ AGENTS IN EVANSIT =
EVANSVILLE > NATIONAL BANK