Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-05
SIX PER CENT. IN GOLD,
Ninety CENTS ON THE DOLLAR,


This ROAD was completed from Omaha 3O5 miles
west on the list of January 1857 and is fully equip
ped, and trains regularly running over it. The
Company has hand sufficient ron ties etc.
to finish the remaining portion the stern base of
the Rocky Mountains. 2l2 miles, which is under
contract to be done September Ist of this ar aud
it is expected that the entire road will be in running
order from Omaha tot we tern connection with the
Central Pacific, now being pid'y built eastward
from Sacramento, CAL, during le7O.
MEANS OF THE COMPANY. e.
Estimating the distance to be built bv the Union
Pacific to be 1.565 mile the United States Govern
ment issus its Six per cent. Thrty-ye ear Bonds to
the Co paDy as the road is finished at the average
rate of about $2s $50 per mile. amounting to $44-
20s, 600 .Hi... .-.. g..
The Company is also permitted to issue its own
First Mortgage Bonds to- equal amount. and at
the same time. which by srecal Act of Cong ess
made First Nor gage the entire line. the bonds
| of the United States being suJordipoteto tn m.
The Government makes donation of Il, 500 acr
of land to the mile amounting to 20 O32 600 acres
estimated to be worth s3OOOO 600. making the total
resources exclusive of the capital Sis 600: but
| the full value of tn lands cannot now be realized
The authorize Cspital Stock of the Company is
one hundred nillon dollars. of which five millions
have alresdy been raid in, and of which it is not
supposed that more than twenty-five millions at
The cost of the read is estimated BY competent
en- inc to be about one hundred million dollars,
exclusive of equipment.
PROSPECTS FOR BU IRsSS.
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific the sections already finished for the first
| two weeks in May S1I3.OOO These section al
earnings as the road progresse will much than
pay the interest on he COmpany's bonds and the
through business over the only line of rairo ID be-
tween the Atlantic and Pacific must be immense.
VALUE ARD Sc URITY OF THE BONDS.
The Com any respectfully submit, that the above
statement of facts fully deDonst ates the security
of their Bonds, and as additional proof they wou
suggest that the Bonds now offered are less than ten
millions dollars on 5l7 mile of read, on which over
twenty million dollars have already been expended
on $50 miles of this road the running.
| and the remaining Is7 miles are nearly completed.
At the present rate of premium on gold these
bonds pay annual interest the present cost of
NINE PER CENT,
And it is believed that the completion of the road
like the Government Bonds, they will go above par
L e Company intend to sell but limited amount
at the present low ate. and retain the right to ad
vance the price at their option. ....
Subscriptions will be received in New York by
the
Continental National Pank, No Nassau St.,
Clark. Dodge & Co. Bankers, 81 Wal St.,
John j. Cisco & Son, ankers, No. SO Wall St.,
AND.BY
RICHLY & BR0y 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. Subscribers
will select there Agents in whom they have con-
fidence who alone will be responsible to them for
| the safe delivery of the bonds.
JOHL } CISCO, Treasurer,
| NEW YORK.
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