The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1867-11-22
THE TOTAL COST OF ELEVEN HUNDRED
MILES Wild BE As FOLLOWS:

4hIl4LC w LII d AEr IOLAA4C''S
ga miles, at S6S,05S.. ......... S52 zoo OH
1856 miles at $50 900. 100000
Add discounts on bonds, surveys, &C.. ..45 5OO,OOO
Amount OBSERVATION-DISCLOSURES. $50, ,4l5,Ol2
As the U. S. Bonds are equal to money, and the
Company's own First Mortgage Bonds have a
ready market, we have as the
AVAILABLE CASH RESOURCES FOR
BUILDING ELEVEN HUNDRED MILES:
U. Bonds. .............,......... .SZ9, ,3ZS,OOO
First Mortgage Bonds. %, 1913 600
Capital stock paid in on the work now
done. ., SOY i0O
Land Grant, l40SOOOO acres, at 81 30
per acre.. III, 100000
Total. $50 145 100
The company have ample facilities for supply
ing any deficiency that may arise in means for
construction. This may be done wholly or In
part by additional subscriptions to capital stock.
Active inquiry has already been made for a
portion of these lands. and arrangements are now
proposed to offer part of them for sale. While
their whole value will not be available for some
years to come, they will remain very important
source of revenue to the Company. The lands OF
the Illinois Central Railroad Company are sell
ling at from So to Sl2 per acre, and other land
grant companies in the Vest receiving equal
prices for similar properties.
FUTURE BUSINESS.
The most skeptical have never expressed II
doubt that when the Union Pacific Railroad is
finished the immense business that must flow over
it, as the only railroad connecting the two grand
divisions of the North American continent, will
be one of the wonders of railway transportation );
and as it will have competitor it always
charge renumerated rates.
EARNINGS FROM WAY BUSINESS.
During the quarter ending July 81 an average
of 325 miles of the Union Pacific Railroad was
in operation. The Superintendent's Report shows
the following result:
EARNINGS
Passengers, Freight, Telegraph and
Mails. 1928, 755 81
Transportation of Contractors Mate
rials and Men. AIS, ,2S3 Al
Total. Observation-Disclosures. 81 ,2G3,03S IL
EXPENSES
Fuel, Repairs Offices, Conductors,
Trains, &c.... .......'.....'..... S395, ,53J 92
NET EARNINGS to balance. ............ S07 .50S 03
I le net operating expenses the commercial
business for the quarter S237 ,966 So The
account for the COMMERCIAL BUSINESS
stands as follows
Earnings for May, June and July. 1923, 1855 81
Expenses "............ 237,96G so
Net Profit. ACKNOWLEDGEMENTS S465, ,759 81
The amount Of Bonds the Company can issue on
OGJ lleS, at oiouOO per Hllle Is DJ,AUU,Ouu. til-
terest in gold, three months, at per cent on Ghis
sum, is S7S 600; add 40 per cent premium, to cor
respond with currency earnings, is SlO9 200
showing that the net earnings for this qnarter
were more haH four times tie interest on the First
Mortgage Bonds on this length of road
FIRST MORTGAGE BONDS,
whose principal is So amply provided for, and
whose interest is so thoroughly secured, must be
classed among the safest investments. They pay
SIX PER CENT. IN GOLD,
and are offered for the present at NINETY
CENTS ON THE DOLLAR. and accrued interest
at Six Per Cent. in Currency from July l.
Many parties are taking advantage OF the pres
ent high prices of Government stocks to exchan ge
for these Bonds, which oyer FIFTEEN PLR
CENT. CHEAPER, and, at the current rate of
premium gold pay
OVER NINE PER CENT. INTEREST.
Subscriptions will be received in Bedford by
RUPP AND SHANNON, and in New York at
the Company Office, No. 20 Nassau street, and
by CONTINENTAL NATIONAL BANK, No.
Nassau street, CLARK, DODGE & CO., Bankers,
No. 81 Wall street, JOHN j. CISCO SON,
Bankers, No. 81 Wall street, and by the Compa-
ny's advertised Agents throughout the Unitsd
States, of whom maps and descriptive pamphlets
may be obtained application. Relnittanees
should be made in drafts or other funds par IL
New York, and the bonds will be sent free ofch&rgf
| by return express.
JOHN J. CISCO, Treasurer, New York.
Subscribers through local agents will saok Il
them for their delivery.
nOV22w4