Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-02
SIXPER CENT. IN GOLD,
NINETY CENTS ON THE DOLLAR.

This road is already completed to Julesburg 3F6
miles west of Omaha, and is fully equipped, and.
trains are regularly running over it. The Company
has hand sufficient iron ties etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains, l4l miles, which is under con-
tract to be done in September of this ar and it
expected that the entire road will be in running order
from Omaha tots western connection with the Cen
trail Pacific. now being rapidly built eastward from
Sacramento, Cal. during 1870.
MEANS OF The COMPANY.
Estimating the dis anee to bl built by the Union
Pacific to be 1.565 mil $. the Unied States Govern
ment issues its Six Per cent Thifty-year bonds to
the Company as tie road is finished at the average
rate of about $2s $50 per mile amounting to s44.-
2Os. 900.
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at
the time. which by special Act of Congress
made First Mortgage on the entire line the bonds
of the United States being su0ordinateto to them.
The Government makes donation of l., 500 acr s
of land to the miie amounting to 90. .032 600 acres
estimated to be worth $40 600. making the total
resources, exclusive of the capital Sis OOo but
the full value of tn lands cannot be realized.
The authorized Capital Stock of the Company is
one hundred million dollars, of which five millions
have already been paid in. and of which it is not
supposed that more than twenty-five millions at
most will be required. ~H- ." r- ..I-.H
The cost of the road is estimated by competent
enginesrs to be about one hundred million dollars
exclusive of equipment. tl'H'-CElH -,- q
s'- PROSPECTS FOR BltINESS. 5'
The railroad connection between Omaha and the
East is now complete and the earnings of the Union
Pacific the sections already finished for the first
two weeks in May were $4,000. These sectional
earnings the road progresses will much more than
pay the interest on the Company's bonds, and the
through business the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS.
The Comr any respectfully submit. that the above
statement of facts fully demonstrates the security
of their Bonds, and as additional proof they would
suggest thatthe Bonds offered are less than ter
millions dollars on 5l7 miles of road. on which ovei
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 on gold thes,
bonds pay annual interest on the present cost Of
NINE PER CENT,
And it is believed that the completion of the
like the Government Bonds, they will go above par
TIE Company intend to sell but limited amount
at the present low rate and retain the right to ad-
vance the price at their option. .,..a
Subscriptions will be received in New York by
the r'.. 81 r..
Continental National Bank, No Nassau St.,
Clark, Dodge Co.. Bankers, 81 Wall St..
John j. Cisco & Son, Bankers, No. S3 Wall ST.,
.. p rt... AND BY Ea - ..
RICKLY & BRO, 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 bs
sent by mail from the Companys Office, No. 90 Mas
sau street. New York, on application. Subscriber
will select there own Agents in whom they have con
fdence, who alone will be responsible to them fo
the safe delivery of the bonds.
JOHL }. CISCO, Treasurer,
s-.-..- NEW YORK.
3O-daw3m-ins-r