The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-25
THE XII
UNION PACIFIC
q RAILROAD co. 81,
Their FIRST MORTGAGE BONDS
e AS AN INVESTMENT. "


The rapid progress Of the Union Pacific
Railroad, now building west from Omaha,
Nebraska, and forming, with ats western
connections, on unbroken line across the
continent, attracts attention 10 the va.ue
OF the First Mortgage Bonds which the
Company now offe" 10 the public. The
hfst question asked by prudent investors
Is, care these bonds secure2" Next, "Are
theya profitable In vestment?" To reply
in brief: uF HfIrH45- pagIun.T
list. The early completion of the whole
great line to the Paclficis 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 IL.
One-fourth of the work is already done,
and the track continues to be laid at the
rate of two miles day. .s.n ~~
ad. 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 IT must be the
only line connecting the Atlantic and Pa
cific; and being without competition, 1t
can maintain remunerative rates.
Sd. -Four hundred aud 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
nlneJy-two miles TO the eastern base OF
the Rocky Mountains are on hand, and 1t
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 the road were built
the part already completed would not only
pay interest and expenses, bat be profit
able to the Company.
5th. The Union Pacific Railroad bonds
can be issued only as the road progresses,
| and therefore can never be in the market
| tlniess they represent a bon0-fete property.
| 9TH. The amount is strictly limited by
/ law to q sum equal TO what IL granted by
the u. S. Government and for which 1t
takes a second lien as It's security. This
amount upon the first 5i7 miles west from
Omaha is. only sIe,OoOper mile.
~ 9TH. The fact that the u. s. Government
considers a second lien upon the road a
/ goods 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 third
! lfen), may wen inspire confidence in a
! first fen. '.si"l silaHt.at
/ 9Th. Although 1t is not claimed that
1 there can be any better securities than
Governments, there are parties who CON
slider drst mortgage upon such property
as this the very best security in the world,
i and who sell their Governments to REIN
vest in these bonds - thus securing a
greater interest. vah
9Th. AS tf1eUnion 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
/ more than Is per cent. less thHn u. 5.
stocks. Nt .ts+A
10th. At the current rate OF premium on
gold, they pay
- N06er Nine per Cent. Interest.
4 a The daily subscriptions are already large,
! and they Wilt continue to be received In
New York by the
go CONTINENTAL NATIONAL BANK,
No. Nassau Street;
Tax CLARK, DODGE q Co., Bankers,
sasE- -#al = as.ff 81 Wan Street;
JOHN J. CISCO q Son, Bankers,
.fasi.is.fY fst-l No. 80 Wall street;
and by Bdnks ana 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. 20 Nassau
Street, New York, on application. Sub
scribers will select their own Agents, In
whom they have, confidence, who alone
! will be responsible 10 them for the safe
delivery of the bonds. i-l.t . 9G.
- JOHN j. GISG0,, Treasurer,
.rs4esFeH tIen NEW YORK.
AGENTS IN EVANS VILE: t@
iEFAyGVIIEE RANK