Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-26
SIXPER CENT. IN GOLD,
NINETY CENTS ON THE DOLLAR.

This road was completed from Omaha 3O5 miles
west on the fist of January. 1867, and is fully equip
ped, and trains are regularly running over it. The
Company has now 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 lst of this ar aud
it is expected that the entire will be in running
order from Omaha to its western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, CAL. during 1870. be ~ 3.
e5- E-.i MEANS OF THE COMPANY. 1sq-
Estimating the distance to be built by the Union
Pacific to be 1,565 mile the United States Govern
ment issus its Six per cent. Thirty-yea Bonds to
the Cor pany as the road is finished at the average
rate of about sss .25o per mile. amounting to $44
20S OOo r leg lth o7fi7 y
a The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount, and at
the same time which by special Act of Cong ess are
made First Mortgage the entire line. the bonds
of the United States being subordindtet TO them.
The Government makes donation of le. 800 acr
of land to the mile, amounting to 90 O33 900 acres
estimated to be worth $50 600 OOo making the total
resources, exclusive of the capita sls .Ooo but
the full value of tn lands cannot now be realized
The authorized 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
most will be required. "a ..i-.-7 f. +.. .
The cost of the road is estimated by competent
en:inesrs to be about one hundred million dollars
exclusive of equipment, t.......-7 .r,l
PROSPECTS FOR U'INESS. sz7U
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific the sections already finished for the fist
two weeks in May were $lI30OO. These sectional
earnings as the road proeresses will much more than
pay the interest on the CoDpany's bonds, and the
through business the only line of raro ID be-
tween the Atlantic and Pacific must be immense.
VALUE AND SCI URITY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonst the security
Of their Bonds, and as additional proof they would
suggest thatthe Bonds offered are less than ten
millions dollars on 517 mile of road on which over
twenty million dollars have already been expended;
$50 miles of this road the cars are now running
and the remaining 1877 miles nearly completed.
At the present rate of premium on gold these
bonds pagan annual interest the present cost of
NINE PER CENT, a
And it is believed that the completion Of the road
like the Government Bonds, they will go above par
Tee Company intend to sell but limited amount
at the present low rate. and retain the right to ad
vance the price at their option.
Subscriptions will be received in New York by
the i
Continental National Bank, No Nassau St.,
Clark, Dodge 6 Co. Bankers. 81 Wall St.,
John ]. Cisco & Son, Fankers, No. 33 Wall st.,
-4 AND, BY -..-
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
put the United States, of whom Maps and Descrip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Company's Office, No. 90 Mas
sau street, New York, on application. Subscribers
will select there own Agents in whom they have con-
6dence he In ham for