Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-11
SIXPER CENT. INGOLD,
NINETY CENTS ON THE DOLLAR.

This ROAD is already completed to Julesburg 37o
miles west Of Omaha. sDd 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. 14l miles. which is under con-
tract to be done in September of this ar and 1t is
expected that the entire road will be in running order
from Omaha toi's western connection with the Gen.
trail Pacific, now being rapidly built eastward from
Sacramento, CAL, during 1870.
MEANS OF THE COMPANY.
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-year Bonds to
the Go pany as the road is finished at the average
rate of about sas, $50 per mile. amounting to s44-
2Os 900.
The Company is also permitted 10 issue its own
First Mortgage Bonds to an equal amount, and at
the same time, which by srecal Act of Cong ess are
made First Mortgage on the entire line the bonds
of the United States being su6ordinotet to thfns
The Government makes 3 donation of u 800 acr
of land to the miie amounting to 20 o33 600 acres
estimated to be worth $50 600 OOo making the total
resources, exclusive of the capital $Ils 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 Eve millions
have alresdy been paid in. and of which it is not
supposed that more than twenty-five millions at
most will be required.
The cost of the road is estimated by competent
en,ine RS to be about hundred million dollars
exclusive of equipment.
PROSPECTS FOR BU' IhESS.
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific on the sections already finished for the first
| two weeks in May were $il3.Ooo. These sectional
earnings as the road progresses will much than
pay the interest on The Company's bonds and the
through business the only line of rairoid be-
tween the Atlantic and Pacific must be immense.
VALUE AND SCI URITY OF THE BONDS.
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 thatthe Bonds offered less than ten
millions dollars on 5l7 miles of road on which over
twenty million dollars have already been expended
ON $50 miles of this road the running,
and the remaining 1877 miles nearly completed.
At the present rate of premium on gid these
bonds pay annual interest the present cost Of
NINE PER CENT,
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 limited amount
at the 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 Nassau st.,
Clark. Dodge Co. Bankers 81 Wall St..
John J. Cisco &sOn, anksrs, No. ss wallsE,
AND BY
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
ont the United States. Of whom Maps and Descrip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Companys Office, No. 90 Mas
sau street. New York, on application. Subscribers
will select there Agents in whom they have
fdence, who alone will be responsible to them for
| the safe delivery of the bonds.
] JOHL J. CISCO, Treasurer,
| NEW 1oRK.