Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-29
'IXPER CENT.ING GOLD,
NINETY CENTS ON THE DOLLAR.

This road is already completed to Julesburg 376
miles west of Omaha, and 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, III 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 tots western connection with the Cen
trail Pacific, being rapidly built eastward from
Sacramento. CAL. during 1870. -'.s- a" Gro
80. MEANS OF THE COMPANY. s'...5
Estimating the distance to be built By the Union
Pacific to be 1,565 mile the United States Govern
ment issus its Six per cent. Thirty-,ear Bonds to
the Compsnya as the road is finished at the average
rate of about $2s. $50 per mile, amounting to $44-
2Os 600. H. -.. .,, 4--s-..t ,,. ......t.. i-.,~
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount, and at
the same time which by special Act of Cong ess are
made a First Mortgage on the entire line, the bonds
of the United States being subordinate TO- them.
The Government makes donation.of ls 800 acr
of land to the mile. amounting to go 0s2 600 acres
estimated to be worth $50 oOo making the total
resources, exclusive Of the capital $s 600; but
the full value of tn lands cannot now be realized.
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. to f- 90" '
The cost of the road is estimated by competent
eneinesrs to be about one hundred million dollars
exclusive of equipment. 20.
~. ~, PROSPECTS FOR BUsINESS. u ..l r. =. +,
The railroad connection between Omaha and the
East is complete, AID the earnings of the Unior
Pacific on the sections already finished for the rs
two weeks in May were $4,000. These sectona
earnings the road progresses will much more thai
pay the interest on the Coupanys bonds, and thi
through business over the only line of railrosd be
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS.
The ComI any respectfully submit, that the abov,
statement of facts fully demonstrates the securit
of their Bonds, and rs additional proof they Wou
suggest thstth Bonds offered less than tel
millions dollars on SIT miles of road, which owe
twenty million dollars have already been expended
ION $50 miles of this road the cars are now running
and the remaining 1877 miles are nearly conn pleted
Atthe present rate of premium on gold thes
bonds pay an annual interest on the present cost
-. r. O. NINE PER CENT, '-o -..;
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 amoun
at the present loRrate, and retain the right to ad
vance theprice at their option. Il. -.u.t
Subscriptions will be received in New York b,
the -..f ..-t.-. "a. .ft--....rs r=..7 p .,.. II
Continental National Bank, No Nassau St.,
Clark, Dodge & Co. Bankers, 81 Wall st..
John J. Cisco Son, Pankers, No. SO Wall 81,
.. .-sg,..-. AND BY . .s ---.,7..>s .>s-.....
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 b,
sent by mail from the Company's Office. No. 90 Mas
sau street, New York, on application. Subscriber
will select there Agents in whom they have con
fdence, who alone will be responsible to them fo
the safe delivery of the bonds.
JOHL J. CISCO, Treasurer,
NEW YORK.