Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-17
SIX PER CENT. IN GOLD,
Ninety CENTS ON THE DuLbAR.

This road was completed from Omaha so5 miles
west the fist of January 1857, and is fully equip
ped and trains are regularly running over it. The
Company has now on hand sufficient iron. ties ETC..
to finish the remaining portion to the eastern base of
the Rocky Mountains, 2l2 miles, which is under
contract to be done September Ist of this ar, and
it is expected that the enreroad will be in running
order from Omaha rs western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, Gall. during 1s7O.t 1=g ss1 8
n"2p DO MEANS OF THE COMPANY i.9 f-oaa
Estimating the distance to be built bv the Union
Pacific to bel. SOS mile the United States Govern
ment issus its Six per cent. Thirty-year Bonds to
the Cor pany the road is finished at the average
rate of about s2s, $50 per mile, amounting to s44
20s, ,OO0. i.-.' -" 1aSJ'1
< The Company is also permitted to issue its own
First Mortsage Bonds to an equal amount. and at
the same time which by special Act of Cong ess are
made First Mortgage on the entire line, the bonds
of the United States being su6ordin0teto tAenp. !"
i The Government makes donation of l2.sOO acr s
of land to tho mile, amounting to 900 600 acres,
estimated to be worth $50 900 OO0 making the total
resources, exclusive of the capital Sis oO0 but
the full value of tn lands cannot now be realized.
81 The authorised Capital Stock of the Company is
one hundred million dollars, of which five millions
have alresdy been paid in, and of which it is not
supposed that more than TWENTY-FIVE millions at
The cost of the road is estimated by competent
eneineers to be about one hundred million dollars
exclusive of equipment. --sEJs 4agIl.F -roqf
PROSPECTS FOR BUSINESS. fiI0
Thu railroad connection between Omaha and the
East is complete, and the earnings of the Union
Pacific on the sections already finished for the first
two weeks in May were $4,000 These sectior al
earnings the road progresses will much more than
pay the interest on the Company's bonds. and the
through business the only line of rairo ID be-
tween the Atlantic and Pacific must be immense.
VALUE AND Sc URlTY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds, and additional proof they would
suggest that the Bonds DOW offered are less than ten
millions dollars on SIT mile of road on which over
twenty million dollars have already been expended;
ON $50 miles of this road the now Running,
and the remaining 1877 miles are nearly completed.
At the present rate of premium gold these
bonds pay annual interest the present cost Of
NINE PER CENT, .''..i
And It is believed that the completion Of the road
like the Government Bonds, they will go above par
9 Company intend to sell but a limited amount
at the present low rate and retain the right to ad
vance the price at their option. a ---'-.
Subscriptions will be received in New York by
the 8. -T ".' r.l- -.
Continental National Bank, No Nassau St.,
Clark. Dodge & Co. Bankers 81 Wall st.,
John ]. Cisco Son, Fankers, No. SO Wall St.,
- -... .... -.s b.. AND BY r,.-.s ,..-
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 b,
sent by mail from the Companys Office, No. 90 Mas
sau street. New York. on application. Sub criber
will select there Agents in whom they have con
fdence. who alone will be responsible to them fo
the safe delivery of the bonds. ~ i-a
JOHL } CISCO, Treasurer,
.. ..s .s...--,..-..---. NEW YORK.
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