Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-22
SIX PER CENT. In GOLD
NINETY GEMS ON THR. 8poLLAR. |.

u NINETY CENTS ON THE DOLLAR. ani
This road is slresdy completed to Julesburg. SIG
miles west of Omaha. and is fully equipped. and
trains are regularly running over it. The Company
has hand sufficient iron. ties, etc.. to anish
the remaining portion to the eastern base of the
Rocky Mountains. 141 miles. which is under CON
tract to be done in September Of this ar aud it
expected that the entire road will be in running order
from Omaha toi's western connection with the Gem
tral Pacific, now being rapidly built eastward from
Sacramento, Cal. during 1870. 9l 81 % r f1e,r
-aoa ~ MEANS OF THE COMPANY. 1s 'se1g
Estimating the distance to be built bv the Union
Pacific to be ,565 mile the United States Govern
ment issus its Six per cent. Thirty-,ear Bonds to
the Cor psny the road is finished at the average
rate Of about s2s. $50 per mile, amounting to "a
2Os 900. it -Itlte il -efi Sa1
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount. and at
the same time which by sEecial Act of Cong ess are
made First Mortgage on the entire line the bonds
Of the United States being subordinate to them.
The Government makes donation of l2 500 acr s
of land to the mile, amounting to 90 032 900 acres
estimated to be worth $4,000 OOO making the total
resources, exclusive of the capital $ls 46 00O but
the full value of tn lands cannot now be realized.
The authorized Capital Stock of the Company is
hundred million dollars, of which five millions
have alresdy been paid in. and of which it is not
most will be required. aad allu s9iAao9 nj
The cost of the road is estimated by competent
ineers to be about one hundred million dollars
exclusive of equipment. tql9l 1nr sTf
PROSPECTS FOR BU'lNESS.
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific the sections already finished for the IL st
two weeks in May were $ll3.OO0. These sectior al
earnings the road progresses will much more than
pay the interest on the Conpany's bonds, and the
through business the only line of rairo,d be-
tween the Atlantic and Pacific must be immense.
"a VALUE AND Sc URITf OF THE BONDS. IN
u The Conn any respectfully submit. that the shove
statement of facts fully demonst the security
Of their Bonds and additional proof they would
suggest that the Bonds offered less than
millions dollars 5l7 miles of road, on which over
twenty million dollars have already been expended;
$50 miles of this road the cars are now running
and the remaining 1877 miles nearly completed.
At the present rate of premium gid these
bonds pay annual interest the present cost of
NINE PER CENT, -......l..- -
And 1t is believed that the completion Of the road.
like the Government Bonds. they will go above par
T 9 Company intend to sell but limited amount
at the present low rate and retain the right to adj
vance the price at their option. ~, .....-T .t- r.
Subscriptions will be received in New York By
the ne. aria n, a,..5 ,,r...-s d,ifyy geF aa9F
Continental National Bank, No Nassau st.,
Clark. Dodge & Co. Bankers 81 Wall st..
John J. Cisco 6 Son, fankers, No. ss wan Sr., .
-,~.tif -.f5 se AND BY q .-r .ft 81, IA
RICKLY & BR0.y Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States. of whom Maps and Descrip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Company's Office. No 90 Mas
sau street. New York, on application. Sub cribers
will select there Agents in whom they have con-
fdence. who alone will be responsible to them for
the safe delivery of the bonds. '--z
oH tJOfIL } CISCO, Treasurer,
'h- NEW YORK.
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