The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-07-04

THE
UNION PACIFIC
RAIL ROAD co.
ARROW CONSTRUCTING A RAILROAD
Omaha, Nebraska
westward wards the Pacific Ocean, making with its
cohhecuonsn unbroken line
AGOss THE CONTINENT.
TIE oompan. offer limited amount OF their
FIRST MORTGAGE BONDS.
aving thirty years run. and bearing annual in
'sest' payable on the first day of January and July,
~ Ne City of New York, the rate of
SIX PER CENT. In GOLD, |
Ninety Cents on the Dollar.
MS road is already completed to .Julesbureb.
nies west from Omaha, and is fully equip
trains regularly running over it, The /
% e. now on hand sufficient iron, ties, etc.,
>y,emaining portion to the eastern base of !
- ,tains, 141 miles, which is under con-
,..., a.. ~ sp,ember LIST of this year. and II is
s,, o,.ha 90 !. tire road will be in running order
.r.I pie. ror tern connection with the Cen
| sor,n,o,., r., ar;apdly built eastward from
/ MEANS OF tt
Estimating the distance to
Faciac to be 1855 miles, the U2uii1 Dy the onlon
ment issues its Six per cent. Thu. States Govern
the Company as theroad is finished year Bonds to
rate of about s5s,25s per mile, amontn.ah e average
GOO. S44,20s,- /
The Company is also permitted to >,s =.
First Mortgages Bonds to an equal amour N
same time, which BY special Act of Congress ~
a First Mortgage on the entire line, the bone -,
| United States being sabordaeat 10 them. '"e
| The Government makes donation of $500 a.
OF land TO the mile, amounting to ,032 900 acres e
tmated to be worth S50,ooo0oo, making the total re
sources exclusive of the capital Sis 00o but thu
full value of the lands cannot now be realized
The authorized Capital Stock of the Company il
one hundred million dollars, of which FIVE millions
have already been paid and of which ii is not sup
posed that more than twenty five millions at most vii
| be required.
The cost of the road is estimated by competent en-
gn-@sFs to be about hundred million dollars, ex
elusive # equipment.
Prospects FOR BUSINESS.
The railroad CORRECTION between Omaha and tn
East IS now complete, ai the earnings of the Unto
Pacific on the sections areasy finished for the frs
tive weeks in May, were S1I2.oue. These sections
earnings as the road progresses will uanch mora tn,
| pay the interest tie Company's BOMBS and ~
through business over the only lire OF railroad bf
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS
The Company respectfully submit, that the abo.
of ire facts fully demonstrates the secpri,
of their Bonds. AMI adiirFonal proof thew woul
uggest that the Bonds offered are less than te
million of dollars miles of road, on which owe
twenty million dollars have already been expended
on $50 miles of this road the cars are now rannin
and the remaining Isl miles nearly completed
At the present rate of premium on gold these bond
pay annual interest on the present cost of
NINE PER CENT.
and il is believed that the completion of the roa
, like the Government Bonds, they will go above IA
The Company intend TO sell but limited amour, 4
the present low rate, and retain the right to adrans
the price at their option.
Subscsip ten. will be received n New York BY II
CONTINENTAL NATIONAL BANK, No. Nassau-s,
CLARk, DopeE Co., Bankers, 81 wan-st,
JOHN J. CISCO ScS. Bankers, No. IS wal-st,
FIRST NATIONAL BANK. RICHMOND
and By BANKS AND BANKERS generally through
the United States. Of whom maps and descrip,iv
pamphlets may be obtained. They viii also be ser
. by mail from the CompaHrs Ofsce, No. 20 Nassa
Street, New York. application Subscribers wi
select their Agents 10 whom ihev hare confdene
who alone will be responsible 10 them for the saes
of the bends.
JOHN J. CISCO. Treasurer.
I7rls. NEW TORE.