Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-24
SIXPER CENT. IN GOLD
NINETY CENTS ON THE DOLLAR.

I
This road was completed from Omaha sO5 miles
west the fist of January 1857 and is fully equip
ped, and trains are regularly running over it. The
Company has now on hand sufficient iron ties etc.,
to finish the remaining portion the eastern base of
the Rocky Mountains. 2l9 miles. which is under
contract to be done September lst of this ar and
it is expected that the entire road will be in running
order from Omaha tois western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento. CAL. during 1870. ,, ..-,,-,-f
sa11asia MEANS Of THE COMPANY. -ess,s
Estimating the distance to be built bv the Union
Pacific to be l.565 mile the United States Govern
ment issus its Six per cent Thirty, ear Bonds to
the Co panyas the road is finished at the average
rate of about $9s $50 per mile amounting to $44-
2Os 600 lE .0fi- Fst l'.l a1sziiI stIs 517d'i
The Company is also permitted to issue its own
First MORTGAGE Bonds to an equal amount and at
the same time whch by special Act of Cong ess are
made First Morlgag the entire line the bonds
of the United States being sU6ordiaateso to tA.ns.
The Government makes donation of $500 acr s
Of land to the mile. amounting to 90 oss 600 acres
estimated to be worth $50 co., making the total
resources exclusive of the capital Sis 4I6 000 but
the full value of tn lands cannot now be reslized
The authorized Capital Stock of the Company is
one hundred million dollars Of which FIVE millions
have alresdy been paid in. and of which it is not
supposed that more than twenty-five, millions at
most will be required. s.f- ,.r.,..i.,. ..-,.,,s
IS The cost of the road is estimated by competent
en- ine'rs to be about hundred million dollars
exclusive of equipment. I'd ~. ~. 5.. go
PROSPECTS FOR BU;INESs. ia- ...l
Ths railroad connection between Omaha and the
East is complete. and the earnings Of the Union
Pacific the sections already finished for the irst
two weeks in May were $4,000. These sectior al
earnings the road progresse will much more 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 Sc URITY OF THE BONDS. Z
The Conn any respectfully submit. that the above
statement of facts fully demonstrates the security
OF their Bonds, and as additional proof they would
suggest that the Bonds offered are less than ten
millions dollars on 5l7 mile of road. which over
twenty million dollars have already been expended:
on $50 miles of this road the are now running.
and the remaining 1877 miles are nearly completed.
At the present rate of premium gold these
bonds pay annual interest the present cost Of
~ aaalr NINE PER CENT, .'ilsgml
And 1t is believed that the pletion road
like the Government Bonds, they will 90 above par
T e Company intend to sell but q limited amount
at the present low rate and retain the right to ad
vance the price at their option.
Subscriptions will be received in New York BY
the
Continental National Bank, No, z Nassau St.,
Clark. Dodge & Co. Bankers 81 Wall st., M
JohnJ. Cisco & Son, Raukers, No. SO Wall st., s.
AND BY
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through.
out the United States, of whom Maps and Dsscrip-
tive Pamphlets may be obtained. They win also be
sent by mail from the Company's Office, No. 90 Mas.
sau street. New York. on application. Sub. .cribers
49,. A. -
fdence, who alone will be responsible to them fol
the safe delivery of the bonds. 900 H-s- a
On 4, JOHL CISCO, Treasurer,
i .' New YORK.