The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1867-07-11
FIRST MORTGAGE BONDS
Ninety Gents on the Dollar.

L
This road is already completed TO Jules
burgh, $40 miles west of Omaha, and is fully
equipped, and trains are regularly running
over it. The Company has now on hahd
sufficient iron, ties, etc., to finish the re-
naming portion to the eastGrn base OF me
| Rocky Mountains, l11 miles, whoh.is uTf-
der contract to be done in September OF this
year, and it is expected that the entire road
will be in running order from Omaha TO its
western connection with the Central Pacific,
now being rapidly built eastward from Sac
ramento, Cal, during 1870.
MEANS OF THE COMPANY.
Estimating the distance TO be built by the
Union Pacific to be $50 miles, the United
States Government issues its Six per cent.
Thirty-year Bonds 10 the Company as the
road Is finished at the average rate OF about
s2S, $50 per mile, amounting TO S44 ,2Oo.OUo
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 Congress are made First
Mortgage on the entire line, the bonds OF
the United States being subordinate 10 them.
The Government makes donation of H.
| 900 acres of land to the mile, amounting to-
%, OBJ. 600 acres, estimated to be worth s3o,-
| 000, 600 making the total resources, exclusive
of the capital, SIIS,416,000; but the, full
alue of the lands cannot now be realized.
The authorized Capital Stock of the Com
pany is one hundred million dollars, of which
five millions have already been paid in, and
| of which it is not supposed that more than
| twenty five millions al most will be required
| The cost of the road is estimated by CON-
petent engineers TO be about one hundred
million dollars, exclusive Of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha
and the east is DOW complete, and the earn
ing of the Union Pacific on the sections all
ready finished for the first two weeks in May
were Sl13.000. These sectional earnings as
the road progresses will much more than pay
the interest on the Compa nies bonds, and the
through business over the only line of rail-
road between the Atlantic and Pacific must
! be immense.
| VALUE AND SECURITY OF TIE BONDS:
The Company respectfully submit, that
the above statements of facts fully demon
strates the security of their Bonds and as ad-
ditional proof they would suggest that the
Bonds now offered are less than ten million
dollars on 5I7 miles of road, on which over
twenty million dollars have already been ex-
pended ON $50 miles of this road the cars
are now GuUuing, anu tiiS iOuiaihihS ~
miles are nearly completed.
| At the preseut rate of premium on gold
these bonds pay an annual interest on the
present cost of
NINE PER CENT,
and il is believed that on the completion of
the read, like the Government Bonds, they.
will 90 above par. The Company intend to-
sell but limited amount at the present low
rate, and retain the right TO advance the
price at their option.
Subscriptions will be received in New
York by the CONTINENTAL NATIONAL BANK,
| No. 7 Nassau St, CLARK, DODGE & Co,
BANKERS, 81 Wall ST., john J. Cisco 81
SoN, BANKERS, No 33 Wall ST., and by
BANKS and BANKERS generally through
out the United States of whom map and de-
scriptive pamphlets may be obtained. They
VIII also be sent by mail from the Compa
ny's Office, No. 30 Nassau Street, New
York, on application. Subscribers will Sc
lect their own Agents in whom they have
confidence, vino alone will be responsible TO
them for the safe delivery of the bonds.
JOHN ]. CISCO, Treasurer,
NEW YORK.
| J,po