Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-04
SIXPER CENT. IN GOLD,
'IFlI I"I"| y TlJI.-T -lII 10
NINETY CENTS ON THE DOLLAtRt.r

This road is already completed to Julesburg, 376
miles west of Omaha and is fully equipped, and
trains are regularly running it. The Company
has now hand sufficient iron. ties etc.. to finish
the remaining portion to the eastern base Of the
Rocky Mountains, l41 miles, which is under con-
tract to be done in September of this ar and it is
expected that the entireroad will be in running order
from Omaha tots western connection with the Cen
trail Pacific, being rapidly built eastward from
Sacramento. Csl... during 1870. tN.. ~
,n. s.l. 10 MEANS OF THE COMPANY. III E.,
Estimating the distance to be built BY the Union
Pacific to be l,565 mile the United States Govern
ment issus its Six per cent. Thrty-ye ear Bonds to
the Coz pany the road is finished at the average
rate of about s2s. s.25o per mile. amounting to s44.-
20s,OO0. gynr ~ .f.yir.ro-r bte ---ti, -,
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at
the same time. which by srecial Actof Cong are
made First Mortgage on the entire line. the bonds
of the United States being subordfnoteto them.
The Goyernmentmakes donation of Is, 500 acr s
of land to the mile. amounting to 9o.Os2,OoO acres
estimated to be worth $50 600 co., making the total
resources, exclusive of the capital $s Ale. 900; but
the full value of tn lands cannot now be realized.
Ig The authorized Capital Stock of the Company is
one hundred million dollars. of which five millions
= have aIresdy been paid in and of which it is not
= supposed that more than twenty-five millions at
most will be required. '''7 '.' .Fr'-'- ~
en?inesrs to be about one hundred million dollars
exclusive of equipment.
- saq PROSPECTS FOR BUsINEss. 1-ot {,
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 sll3OoO. These sectional
earnngs as the road progresses will much more than
pay the interest on the Company's bonds and the
through business over the only line of railroad be-
tween the Atlantic and Pacific must be immense. ai
VALUE AND SECURITY OF THE BONDS. 1
The Comrany respectfully submit. that the above
statement of facts fully demonstrates the security
Of their Bonds, and as additional proof they would
suggest that the Bonds offered are 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 cars running
and the remaining 1871 miles nearly completed. ~
At the present rate of premium, on gold these
bonds pay annual interest the present cost of
NINE PER CENT, s.5f3.
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. y-Ni it"-.I u
Subscriptions will be received lin New York by
. the % s.4.-Hae .s- -- ---.t2T I'd
Continental National Bank, No Nassau St.,
Clark, Dodge 8 Co. Bankers 81 Wall St..
John j. Cisco Son, fankers, No. 80 Wall ST.,
..r- .e.5rpq AND BY 5il I3l" ad
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States. of whom Maps and Descrp-
tive Pamphlets may be obtained. They will also be
sent by mail from the Companys Office. No 90 Mas
,sau street. New York. application. Subscribers
will select there own Agents in whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. s.. .-.r' ,s So
ir.els. J0HL } CISCO, Treasurer, 3.
NEW YORK.