Indiana American., 1867-07-05

UNION PACIFIC
RAILROAD co.
Are now constructing q Railroad from
O M AHA N ER & As x A .
westward towards the Pacific Ocean, making With
Its connections an uabroken line
ACROSS Te1g G@NTlGgER5Ts
The Company now offer limited amount Of their
FIRST MORTGAGE BONDS
having thirty years to run, and bearing annual
July, In the City of Now York, at the rate Of
SIX PER CENT. IN GOLD,
NINETY Cents on the Dollar.
This road IL already completed to Julesburg.
376 miles west of Omaha, and is fully equ ipped,
and trains regularly running over 1t. The COM
pany has now on hand sufficient iron, ties, etc
TO finish the remaining portion to the eastern base
of the Rocky Mountains, 14i miles, which is un-
der contract 10 be done In September Of this
year, and Il Is expected that the entire road will
be In running order from Omaha to Its western
connection with the Central Pacific, now being
ing 1870.
MEANS or rHE COMPANY.
Estimating the distance to bo built by the Un-
ion Pacific to bo 1855 miles, the United States
Government issues its Six per cent. Thirty year
Bonds to the Company as the road Is finished ct
the average rate Of about per mile, amount
ing 10 $i4, ,2oS, 900.
The Company IL also permitted TO Issue It's own
First Mortgage Bonds 10 an equal amount, and Mt
the same time, which by special Act OF Congress
are made First Mortgage on the entire line, tho
bonds Of tho United States, being subordinate to
them.
The Government makes: n donation Of 1880
acres Of land to the misi amounting TO ,o32 900
acres, estimated TO be worth $50, 600 900, making
tho total resources exclusive Of the capital 81
10000; but the full vAluo Of tho lands cannot
now DO realized.
The authorized Capital Stock Of the Company Ia
one hundred million dollars. OF which hse mil
lions have already been paid In, and Of which Il
is not supposed that moro than twenty Ave mill
lions at most will be required.
Tho cost Of the road q estimated by competent
engineers TO be about ono hundred million dollars,
exclusive Of equipment.
PROSPECTS ron nusisfss.
The railroad connection between Omaha and the
East Ia now complete, aud the earnings Of tho I'm
ion Pacific on the sections already finished for
the hrst two weeks Ia May were 81 3, 900. These
sectional earnings as the road progresses will
much moro than pay the interest on the Compa.
ny's bonds, aud the through business over the only
line Of railroad between tho Atlantic and Pacific
must bo Immense.
VALUE AND SECURITY OF rnE bosps.
The Company respectfully submit, that the
above statement OF facts fully demonstrates the
security Of their Dosds, aud as additional proof
they would suggest that the Donds now offered
are less than ton million dollars on 5i7 miles Of
road, on which over twenty million dollars have
already been expendedI-- $50 mles Of this road
tho cars arc now running. and the remaining 1877
miles are nearly completed.
At tho present rate of premium on gold these
bonds pay an annual Interest on the present cost
Of
NINE rEa CENT,
and II Is believed that on tho completion OF the
above par. The Company Intend to sell but a
the .ight 70 advance The price at their option.
subscriptions will bo received In New York by
the
Continental National Dank. No. Nassau Sc,
Clark, Dodge h Co., Daaksrs, 81 Wall ST.,
John J. cisss x Son, bankers, No. ~ Wall ST.,
and by DANhS AND BANKERS generally
throughout tho Unfsed States, OF whom maps and
pamphlets may be obtained. They
will also be sent by mail from the Cempany's Of
fee, No. 20 Nassau Street, Nov Yas1k, on appll .
cation. subscribers wllf>Ssleet their owa Agen,
Ia whom they have conaiS Snes, who alone will DO
10 them for the safe delivery Of the
bonds. JOHN j. CISCO,
Treasurer, s
Juno :. am -A New York.