Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-06
SIXPER CENT.IN GOLD,
, B. NINETY Il CENTS ON THE DOLLAR.


This road is already completed to Julesburg. s7s
miles west of Omaha, and is fully equipped, and
trains are regularly running over it. The Company
has now on hand sufficient iron. ties, ETC.. to finish
the remaining portion to the eastern base of the
Rocky Mountains IA miles. which is under con-
tract be done in September of this year. and it is
expected that the will be IN running order
from 0mahatoifs western connection with the Gem
trail Pacific. now being rapi6ly built eastward from
Sacramento, Cal, during 1870. 93ifo ilos ot
t.od ~ MEANS OF THE COMPANY. e.i 9at
Estimating the distance to be built by the Union
Pacific to be 15s5 miles, the United States Govern
ment issues its Six per cent. Thrty-year bonds to
the Company as the road is finished at the average
rate Of about S2s .25O per mile amounting to s4.-
2Os 600.
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
made First Mortgage on the entire line; the bonds
of the United States being sas6ordigateto them.
The Government makes donation of i. 800 acr 8
of land to- the mile, amounting to 2OOs29 600 acres
estimated to be worth $50, ,OOo making the total
resources exclusive of the capital sIls 600; but
the full value of tha lands cannot be realized.
. The authorized Capital Stock of the Company is
one hundred million dollars, of which i've millions
have alresdy been paid in. and Of which it is not
supposed that more than twenty-five millions at
most will be required. iN alrtn9N i'iiS lliF'D
The cost of the road is estimated by competent
enainesrs to be about one hundred million dollars
exclusive of equipment. ID hoi1qe-a ai.t '9I
u. i. :; PROSPECTS FOR BUSINESS. no "42 ~
The railroad connection between Omaha and the
East is now complete. and the earnings Of the Union
Paeife-on the sections already finished for the first
two weeks in, May were $ll3.OOO. These sectional
earnings the road progresses will much than
pay the interest on the Company's bonds, and the
through business over the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY Of THE BONDS. 2
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
of their Bonds, and rs additional proof they would
suggest that the Bonds offered are less than ten
millions dollars SIT miles of road. on which
twenty million dollars have already been expended;
$50 miles of this road the are now running.
and the remaining 1871 miles are nearly completed.
At the present rate of premium on gold these
bonds pay annual interest on the present cost of
m ,,f. i.s NINE PER CENT, .aI5!,rsd1
And it is believed that hecompleton of theroad,
like the Government Bonds, they will go above par
Toe Company intend to sell but limited amount
at the present low rate and retain the right to ad-
vance the price at their option. .la';1 20
Subscriptions will be received in New York by
| the = 'ti i..'..- fii. f.slEf.'. .HfI
Continental National Bank, No Nassau st.,
Clark, Dodge & Co., Bankers, 81 Wall St..
John ]. Cisco & Son, Pankers, No. SO Wall sr,
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
ont the United States. of whom Maps and Deserip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Company's Office, No. 90 Mas
san street, New York, on application Subscribers
there own whom thew have con-