Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-08

contract 20 be done September LIST OF this ar and
it is expected that theentireroad will be in running
orderfrom 0mah stoi wostern connection with the
Genital PaeifO, noIo being pid " built eastward
from Sacramento, Cal. during 1870. .IoI1
i tuoht RleaHSn0E HE COMPANY. yfuA
Estimating the distance to . built bv theU MON
Pacific to be SOS niHe the United States Govern
nient issusits Six per cent. Thifty-yesr Bonds to
the Co psny as tha roadis finish d at the a1efsss
rate Of about s2s;25O per mile amounting to $44-
2O6,O0O i-O3 ;lHgUttTj SHj % p9 4if" 4 UoTro
The Company IL also permitted to Issue its own
First Mortsase Bonds to an equal amount, and at
the same time, VIII ca BY srecia Act of Gong ess
made First Mar gage on the entire line the bonds
of the United States being su60Tdiaf,teto III M.
The Government makes a donation Of l., 900 acr 8
of land to tho mile. amounting to 2oO32 900 acres.
estimated to be worth 900 coo. making the total
resources exclusive Of the capital $s 900; but
the full value of til lands cannot now be realized.
The authorize Capital Stock of the Company is
one hundred million tlollars of which five millions
have aresdy been paid in. and of which it is not
supposed that more than twenty Eve millions at
most will be req lire 7.
+ The cost of the road is est mated by competent
enaine'r rs to be about hundred million dollars
exclusive of equipmrnt. ."
b. PROSPECTS. FOR Bl lNFSS. ~.
Tbs raiir ad connection between Omaha and the
East is pete. and the earnings of thu Union
Pacific the sections already finished for the fl st
two weeks in May were sll3.OOO These sector al
earnings as the road proeresse win much more than
pay the interest op he Go rpany's bonds, and the
through business over the only line of rsi:ro be-
tween the Atlantic and Pacific must be immense.
VALUE AND Sc URITf OF THE BONDS.
The Com any respectfully submit, that the above
Statement of facts fully deDonst aes the security
Of their Bonds, and as aiditi nal proof they wou
suggest that the Bonds now offered are less than ten
millions dollars on sly mile of road on which over
twenty million dollars have already been expended;
on $50 miles of this road the running.
and the remaining 1s7 miles are nea ly completed.
At the present rate of premium on gold these
bonds pay an annual interest the present cost of
o.a.. .r.!. NINE PER CENT, d. .e9s..-
And It is believed that the pletion of the road
like the Government Bonds, ttey will go above par
I g Company intend to sell but limited amount
at the present low rate and retain the right to ad
vance the price at their option. r' . %. --r.- Z
Subscriptions will be received in New York By
the .,..-,-. -..s s... g., ..-.- -. . ...- .
Continental National Pank, No Nassau ST.,
Clark. Dodge & Co. Bankers 81 Wall st.,
John j. Cisco 6 Son. aukers, No. SO Wall St., /
,,,......- ,-...-..,; AND BY ...re..-.. =
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 be
sent by mail from the Company's Office, No. 90 Mas
sau street, New York, on application. Sub cribers
will select there Agents in whom they have con-
idence. who alone will be responsible to them for
the safe delivery of the bonds.---e.-p tas-sl =
-sg,.. JOHLJ CISCO, Treasurer, q
Z mayso -daw3m- -ins-r 2 -- sss ---' - - ~'Tsl