The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-07-27
union l)aei6c Il. Il.

THE UNION PACIFIC RAILROAD co.
Are now constructing railroad from
OMAHA. NEBk ASKA,
westward towards the Pacific Ocean, making with its
neetons an unbroken line
ACROSS THE CONTINENT.
The Company offer limited amount of their
FIRST MORTGAGE BONDS.
having thirty years un and bearing annual interest
able the day of January and July in the City Of New
York. at the rate Of
SIX PER CENT. IN GOLD,
Ninety Cents on the Dollar.
This road is already completed to Julesbugh, $40 miles
west Of Omaha and is fully equipped and trains are
regularly running IT, The Company has now on ha.d
sufficient iron, ties, etc. to finish the remaining portion
the eastern base Of the Rocky Mountains al miles, which
under contract 10 be done September s Of this year. and
expected that the entire rad will bs runbing order from
Oman. to it, western connection with the Central Pacific
being rapidly built eastward from Sacramento CAL
during 1870.
Means of the Company.
Estimating the distance to be built by the Union Pacific
10 b. 6S miles the United States Government Issues its
sx per cent Thirty year Bonds to the Company the road
y finished the average rate Of about SIS 80 per mile
tnSunsing 70 $las osySoo ..s s, l-.t 3.
The Company Is also permitted to issue its own Rrs
Mortgage Bonds to equal amount, and At the time,
which BY special Act Of Congress made First Mortgage
the entire line the bonds cfthe United States being sub
ordinate TO them.
The Government makes donation Of H. 500 Of land
to the mile, amounting to 2032SoG acres, estimated Be
worth $50 AAking the total resources, exclusive
the capital $1,000 but the full value OF the lands
not 10 realized.
The authorized ptal Stock of the Compony one hun.
bred million dollars Of which FIVE millions have already been
paid in and Of which supposed that than
tyfve millions at most will be required.
The Of the road esmatejby competent engineers
to be about hundred million dollars exclusive Of equip
ment
Prospects for Business.
The railroad connection between Omaha and the East IL
complete and the earnings of the Union Pacific on the
sections already finished for the first weeks in May
$4,000 These sectional earnings the road progresses
will much than pay the interest the oompanys bonds
and the through business the only line Of rad
tween the Atlantic and Pacific must be immense.
.fa Value and Security Of the Bonds.
The Company respectfully submit that tho above state.
Of facts fully demonstrates the security of their Bonds
and additional proof they would suggest that the Bonds
offered less than million dollars 5l7 mile. of
road, which twenty million dollars have already
been expendedsn $50 miles of this road the are now
running and the remaining ISL miles nearly completed
At the present rate of premium gold these bonds pay
annual interest on the present cost of
r. Nine Fer Cent.
andi is believed that the completion Of the road like
Government Bonds they will 20 above par The Company
intend 10 sell but limited at the present low rate
and retain the right 20 advance the price their option
Subscriptions will be received in New York ly the
CONTINENTAL NATIONAL BaNK, No. ! Nassau St.
CLARK, DopGE Co, BANKERS, 81 Wall St,
JONI J. Cisco SoS, BAgKERs, No. So Wall St,
aud by BANKS AND BANKERS generally throughout tina
United States whom map, and descriptive pamphlets may
be obtained They will also be sent 10y mail from the Com
panys Office No. 20 Nassau Street, New York. On application
Subscribers will select their Agents in whom they have
confidence, who alone will be rspon sble To them for the
safe delivery of the bonds JOHN J. CISCO Treasurer
NEW YORK
Subscriptions received at the NATIONAL CITY BANK
Ottawa juno S,Sm sp.