The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-07-11
SIX Ter Cent. in Gold,
Ninety Cents on the Dollar

july in the City Of New York, at the rate of
SIX Per Cent. in Gold,
Ninety Cents on the Dollar.
/ This road is already completed to Jules
/ nur3n, 3IO inll les west OF UInuba and ia fully
J equipped, and trains are regularly running
oSerlt. The Company has nov on hand sui.
nefeht ron; ties etc. 20 anish the remaining
taiDs 2i2 miles, which is under contract 10 he
| zone september lsfOfthis year, and it's ex-
/ pected that the entire Tond will lie In running
order rom Omaha to itswestern connection with
The Central Pacific, now being rspiIly built east.
ward IRON Sacramento. Cal, during 1870.
Means of the Con,pany.
>, Estimating the distance to he built by IA,
Union Pacific to be l,5g5 miles, the United
2Iates 1oYernrnent issues its Six per cent
Ihirty-year Bonds to the Company as the road
IS hnished st the average rate OF about Sls, $50
per mile, amounting to S4I. POS. 900
Ihn company is also permitted 10 issue its
own FIRST Mortgage Bonds I o an equal amount
and Mt the same time, which bv snecisl Act Of
Congress nre made First Mortgage on the en-.
tire line, the bonds Of the Unitei states BEING
subordinate 10 them. S
The Government makes donation of IL, ,Sno
acres Of land 20 the mile, amounting to q, ,Os2..
making the total resources, exclusive nf IN.
capital, Sis ,4l60O0; but the full value ofthe
lnnss cannot now be realized.
The authorized capital stock ofthe COMPANY Is
one hundred million dollars. Of which ive mill.
iOns have already been paid in, and of which N
isnot supposed that more than ia en.y. FIVE mil
Ions at most Will be required.
The cost of the road Is esrlmateu by coup--
tent engineers to be about one hundred mlllior
dollars, exclusive oi equipment.
Prospects for Business.
The railroad connection between Omaha and
the Eastis now complete, and the earnir rs ofthe
Union Pacific on the sections already finished
for the first two weeks in May were $1,000 -
These secti )nal earnings as the road progresses
vii much more than paw the interest on the
compnny's bonds, and the through business
over the only line cf railroad between the Allan
tic and Pacific must be immense.
Value and Security of the Bonds.
The company respectfully submit, that the
above statement OF facts fuily demonstrates the
security other Bonds, and as additional proof
they would suggest that the Bonds now offered
are less than ten MILLION dollars on 5l7 miles OF
road, on which over twenty million dollars have
already been expended;-on $50 miles of thus
road The cars are now running and the remain
ing is7 miles are nearly completed
At the present rate Of premium ON gold thepe
honds pay an annual interest on the present cost
of
Nine Per Cent,
and II Is believed that on the completion of tie
road, lkethe Government Ronds, they will 90
above par. The company intend to sell but
llmIt9 amount at the present low rnte. q nd e.
tain the right % advance the price at their op-
ton.
Subscriptions will be received in New York by
the
CONTINENTAL NATIONAL BAxx, No. Nassau
Street.
CLARK, DODoE & Co., BANKrRs, 81 Wall St.,
JOHN J. Cisco 4 Son, Banners, No. 80 Wallst.
and by BANKS AND BANKERS generally
throughout the United States, of whom maps
and descriptive pamphlets may he obtaned-
Theywill also be sent by mail from the compa:
application. Subscribers will select their own
Agents in whom they have confidence, who
alone will be responsible to them for the safe
delivery the bonds.
JOHN j. CISCO,
Treasurer,
June @, lsG7w3m NEW YORK.