Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-07
SIXPER CENT. In GOLD,
NINETY CENTS ON THE DoLbAR.


This road was completed from Omaha 3o5 miles
west the fist of January. 1851 and is fully equip
ped, and trains are regularly running over it. The
Company has now on hand sufficient iron ties etc.
TO finish theremaning portion to the eastern base of
the Rocky Mountains Az miles, which is under
contract to be done September lst of this year. and
it is expected that the entreroad will be in running
order from Omaha its western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento. CAL, during 1870. 90 h - Dion
10 5f,i MEANS OF THE COMPANY. 5 80 ;l-..
Estimating the distance to be built by the Union
Pacific to be ls565 mile the United States Govern
ment issus its Six per cent. Thrty-Jear Bonds to
the Company as the road is finished at the average
rate of about s2s2 $50 per mile. amounting to &44.
2Oe 900. - 5suf ssoii q .s-fei .6 cI-ff,9i.7,-s
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount, and at
the same time. which by special ctof Cong ess are
made First Mortgage the entire line, the bonds
Of the United States being stEbordinatsto to them.
The Government makes donation of Is. 900 acr
of land to tho mile. amounting to 2o032 600 acres.
estimated to be worth $50 0Oo making the total
resources exclusive of the capital $Ils 4l6 0oo but
the full value of tn lands cannot now be realized
q The authorized Capital Stock of the Company is
one hundred million dollars, Of which five millions
have alresdy been paid in, and of which IL is not
supposed that more than twenty-five millions at
most will be required. ''ihilO 9HI s''ai %
The cost of the road is estimated by competent
enaineors to be about hundred million dollars.
exclusive of equipment. '.1'i' i't % 4N ." /
PROSPECTS FOR BUSINESS. 1''9 OBJ 92 /
This 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 slI3.O00s These sectional
earnings the road progresses will much more than
pay the interest on the Conpany's bonds. and the
Al a.
tween the Atlantic and Pacific must be immense.
VALUE AND Sc URlTY OF THE BONDS. b .
The Conn any respectfully submit that the above
statement of facts fully demonstrates the security
Of their Bonds, and as additional proof they wou
suggest that the Bonds offered less than ten
millions dollars 517 mile of road, on which over
twenty million dollars have already been expended
-on $50 miles of this road the running.
and the remaining ls7 miles nearly completed.
. At the present rate of premium on gold these
bonds pay annual interest the present cost of
-sa. p. NINE PER CENT, we'd .,T .
And it is believed that the completion of the road,
like the Government Bonds, they will go above par
Toe Company intend to sell but a limited amount
at the present low rate. and retain the right to ad
vance the price at their option. i.-si 30. a-..iT
Subscriptions will be received in New York by
the .i grs.--Hs 3af ui z7ayIu- llui .
Continental National Bank, No Nassau St.,
Clark, Dodge & Co.. Bankers, 81 Wall St.,
John J. Cisco Son, Eankers, No. SO Wall St.,
-a rus .srg-9J AND BY Ea -8i1r she-r r
RICKLY & BRO, Columbus, Ohio,
And byBANKS 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 criber:
will select there Agents in whom they have con-
fdence, who alone will be responsible to them fol
the safe delivery of the bonds. q = "A~t.Ii}
''"-H JOHL } CISCO, Treasurer,
New YORK.