Bloomsburg democrat. [volume] (Bloomsburg, Pa.) 1867-1869, 1867-06-12

THE UNION PACIFIC RAILROAD
COMPANY
A,c new constructing a Ra ilroad from
OMAHA, NEBRASKA.
westward towards tho Pacific Ocean, making with
ns connections an unbfoken line
ACROSS CONTINENT.
Ths company now offer limited amour, of their
FIRST MORTGAGE BONDS
having thirty years to run, and bearing annua, in
tsrest pa! able the Hrs: day of January and July
In The City Of New York. at tho rate Of
SIX PER CENT. IN GOLD.
AT
NINETY CENTS ON THE DOLLAR.
This road wa. completed from Omaha 3os miles
west On Tue ist Of J.nuary; 1867 and !, fully eqap
Company has nov on band sum cient iron, tics etc..
10 finish the remaining portion I" the eastern basc
OF the Rocky Mountains, 2I2 miles, which 10 under
contract to be gone September lat Of this year and
II - expected that the entire road " III he in ng
order from Omaha to its western connection with
The Central Paclc, now being rapidly built eastward
from Sacramento, Cal, during 1870.
MEANS OF THE COMPANY.
Paci6c To be i.5t5 miles. the Uuitcd States Govern
ncnt issues is Six per cent. Thirty;hree Bonds to
Inc company as the road is finished at the average
gUs OtO
The Company is also permitted to issue its own
FIRST Mortgage Bonds TO an equal amount and at the
same time. which by special Act Of Congress are
made frs mortgage on the entire line the bonds of
me United States beng subordinate 10 them.
Ihe Government makes donation Of l., 800 acres
OF land ~ the mile, amounting to 2H032 600 acres.
estimated to be worth $50 600 600, muking the total
resources exclusive Of the capital, SIla, Gu8 but
the ful value OF the lands cannot now be realized,
The authorized Capital Stock of the Company Is
one hundred iIIion dollars, OF which five millions
Lave already been paid in, and Of which It 10 not
supposed that more than twenty five millions at
most viii be required.
The cost Of the road is estimated by competent
engineers to be about one hundred million dollars.
exclusive of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East 10 now complsts, and the earnings Of the Union
facihc on the sections already finished for :he fr.t
two weeks in Muy were sl3.000. These sectional
earnings as the road progresses will much more
the through bus ness over the only line of railroad
between the Atlantic aud Pacific must be immense.
VALUE AND SECURITY OF THE
BONDS.
TheiComrany respectfully submit, that the above
statement OF facts fully demonstrates tho security Of
their Bonds. AMI as additional roof they would sug.
million collars 3l7 miles Of road ON which over
twenty million dollars have already been ex pended
--on 33j miles of this road the running,
aud the remaining LEI miles are nearly CON pieted
AZ tho present rate Of premium Oh gold these bonds
pay an annual interest on the present cost Of
NINE PER CENT.
aud u Is believed that on the completion of the
load, like the Government B0 nds, they will 10 above
par. The Company intcnd to sell but u limited
amount at the present low rate and retain the right
to Sdvnnca th8 price Al their option.
Subscriptions WI be received in New York by the
CONTINENTAL NATIONAL BANK, No. z Nassau IT,,
CLARK, popoE g. Co., BANxERs, 81 Wall st..
JoHk }. Cisco L. eoN BANKERS, No 80 Wall 3d..
and BY BANK6 AND BANKERS generally through
out the United States. VI whom maps and descriptive
psmphlets may be ohtiined. They will also be sent
ty mail from the Company's Office, No. 20 Nassau
sureet, New York, on app iication. Subscribers will
select their own Agents III whom they have con6.
dencc, who alono III be responsible to them for the
safe delivery Of the bonds,
JOHN J. CISCO. Treasurer,
June S, 1867.