The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-07-30

THE
UNION PACIFIC
RAIL ROAD COMPANY,
Are new sorstsueilag Rsilroaa hva
OMAHA, NEBRASKA.
suivsia iovanl. TIE Fselae ogeaa aaklag vita
ia soanegssoas IN unbreksa tus
ACROSS TINE CoNTTNENr.
The consauy nos aIsf liui,ed aneans y their
FIRST MORTGAGE BONDS
Ia vlas thirty years to rua, ana bearing aaHaai la-
lerosi laytbls On The hrsi day a January and JHly,
Ia ne city ofSsw Yerk. At TIE rate q
SIX PER CENT. TN GOLD,
Ninety Gents ON the Dollar.
This roas Is alrcady completed 10 Inlesbergh, 40
miles west u Omaha, and Is fully equip
pea. ana trains are regularly running ever r. The
Company has now "a hand sufficient iron ties etc.
30 halsh tho remaining Pogtiou 70 The oasisfa base
ofthe Rocky Mountains, ana miles, which is under
contract to be done September ist q this year and
IL expected that the entire road vii beiu running
order from Omaha to is western Ooanection with
the Central Pacific, now being rapidly buiit east
ward from Sacramento, Gal, darlas 1870.
Means q tAs cs@,s-sg.
Estnasing the distance to be built BY the uaion
Pacific 10 be lBGS miles, the United States Govern
rneni issues IL Six PER cent fhiry.Year Bonds to
the Company as the road il finished NJ the average
rate Of abou, sas,aSO per mile, amounting 10 s44,.
aoT 900. a8
| The Compnny Is also permitted to issue IL own
First Mortgage Bonds 10 an equal amount. and a,
the same time, which by special Act Of Congress
are made First Mortgage on The entire line, the
bond. Of the United States being sa1raate % aen.
| The Government makes donation Of 1880 acres
Of land to the nle, amounting 10 20.0s2 900 acres
estimated to be worth $40, oOOOOe making the total
resources. exclusive Of the capital, sils4ie,O 900;
but the full value Of the lands cannot now be roa
izod.
The authorized Capital Stock Of the Company Is
one hundred million dollars. Of which Ave millions
have already been paidin, addof wheht Is not tup,
posed that more than twenty five millions 1t most
will be required. lfa
The cost Of the road Is estimated BY competent
engineers to be about one hundred million dollars,
exclusive Of equipment.
Gla nt prospects for Bssiasss.
The railroad connection between Omaha and the
EaNtis now complete and the earnings Of the Union
Pacific on Tie section already finished for the hrst
two weeks In May were sils,0o0, These sectional
earnings as the road progresses will much more
ihan pay the interest on the Companys bonds, and
the through business over the only line Of railroad
between the Atlantic and Pacific must be immense.
TaIas .aa sss~rhsD % sns Bomas. saA
The company respectfully submit, that the above
statement Of facts fully demonstrates the security Of
their Bonds, ard as additional proof they would
suggest that the Bonds now offered are less than ten
million dollars on 5l7 miles Of road on which over
twenty million dollars have already been expended,
Ion 33o miles Of this road the cars arenow running,
and The remaining 1877 miles are now nearly com,
peted.
At the present rate Of premium on gold those
bonds pay an annual interest the present cost Of
.sYss Per Cent,
and II is believed that on the completion Of the road
like the Government Bonds, they viii 20 above par.
The Company intend to sell but a limited Amount
at the present low rates and retain the right to adj
vance the price at their option.
CONTINENTAL NATIONAL BANK, No. Nassau ST.,
CLARK, DoDoE H. Co., BANKEas, 81 Wall st..
JOHN J. Cisco & SoS, BASKERs, No. 80 Wall st.,
and by BANKS AND BANKERS generally through>
out the United States, ofwhou maps and descriptive
pamphlets may be obtained They will also be sent
by mail from the Company's Office, No. 20 Nassau
street, New York on application. Subscribers will
select their own Agents ia whom they have conf
dence who alone viii be responsible to them for the
sale delivery OF the bonds
- JOHN ]. CISCO, Treasurer. New York.