The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-06-15
2lnion }9ati6r Il. Il.
NinetY Cents on tie DolLar.


This road completed from Omaha sos miles Yves. oil,
the Let Of January 1867 and fully equipped trains
regularly running it, The Company now on hand
sufficient iron, ties, ETC., to finish the remaining portion
the base of the Rocky Mountains gig le which is
under contract TO be done September h of this year. and
expected that the entire road will be in running order from
Omaha to its western connection with the Ceura'Pachc
now being rapidly built eastward from Sacramento, Cal
during 1870.
Means of the Company.
Estimating distance to be built by the Union Pacific
to be l565 miles, the United States Government issues
Six cent Thrtyyear Bonds to the Company the road
finished at the average eff about $50 per mile
amounting to S4i 20s 800
The Company is also permitted to issue its Firs
Mortgage Bonds equal amount and the time
which by special Act Of Congress made First Mortgage
the ent. line bonds the United States being sub
ordinate to them.
The Government makes donation Of 500 acres of land
to the mile amounting 2OO3?0OJ acres, estimated to be
worth s0O0oo making the total resources, exclusive
the capital Sis $4,000 bu, the full value OF the lands
not be realized .i '' -,sft "a. HRt
The authorized Capital Stock Of the Compony hun
dred million dollars Of which Ave millions have already been
paid in and OF which ii supposed that than twen
ty-iye millions at most will be required
=
to be abOu, hundred million dollars exclusive Of equip
ment
Prospects for Business.
The railroad connection between Omaha and the East Is
complete and the earnings Of the Union Pacific the
sessions already finished for the first weeks in May
$4,000 These sectional earnings the road progresses
will much more than pay the interest the oompanys 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 Company respectfully submit. that the above state
Of facts fully demonstrate. the security Of their Bonds
Additional proof they would suggest that the Bonds
now offered are less than ten million dolla 517 miles Of
road, on which twenty million dollars have already
been expended-.n $50 miles Of this road the
running the remaining IS, miles nearly completed
At the present Of premium gold these bonds pay
annual interest the present stof
Nine Per Cent,
and is believed that on completion the road like the
Government Bonds they will 60 above par. The Company
intend sell but limited the present low rate
and the right advance the price at their option.
Subscriptions will be received in New York by the
COMMUNAL NATIONAL BAEE No. Nassau ST.,
CLARK, DoD0E Co, BANNERS 81 Wall St,
JOIN J. Cisco Sos, BANKERS, No. 80 Wall ST.
and by BANKS AND BANKERS generally throughout the
United States whom maps and descriptive pamphlets may
be obtained They will also be sent by mail from the Com
yAnys Oce No go Nassau Street New York, application.
Subscriber. will eel their Agents in whom they have
confidence who alone will bs responsible 10 them for the
sale delivery the bonds. JOHN j. CISCO Treasurer,
NEW YORK
Subscriptions ireceived at the NATIONAL CITY BANK,
Ottawa. s..s. june s, sm 50.