Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-09
SIX PER CENT. IN GOLD.
NINETY CENTS ON THE DOLLAR.

This road is already completed to Julesburg,, 376
miles west of Omaha, and is fully equipped, and
trains are regularly running over it. The Company
has now on hand sufficiently ties, etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains, 141 miles, which is under con-
tract to be done in September of this year. aud it is
expected that the entire will be in running order
from Omaha toits western connection with the Cen
tral Pacific. being rapidly built eastward from
Sacramento, CAL. during 1870. .1E -.i. .s
s'7 MEANS Or THE COMPANY. .id5
Estimating the distance to ba built by the Union
Pacific to be 565 miles, the United States Govern
ment issues its Six per cent. Thirty-year bonds to
the Company as TIE road is finished at the average
rate of about S2s $50 per mile amounting to sA.-
2Os 900. 1 -
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount and at
the time, which by special Act of Congress are
made First Mortgage on the entire line, the bonds
of the United States being subordinate to them.
The Government makes donation of u 800 acr s
of land to the mile. amounting to 90 900 acres
estimated to be worth $50, OOo making the total
resources, exclusive of the capital Sis o0e but
the full value of tn lands cannot be realized.
The authorized Capital Stock of the Company is
hundred million dollars, of which five millions
have slresdy been paid in, and of which it is not
supposed that more than twenty-five millions al
The cost of the road is estimated by competent
engineers to be about one hundred million dollars
exclusive of equipment. iH,nit r 81 i-sf
PROSPECTS FOR BUSINESS.
The 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 sectional
earnings the road progresses will much more thar
pay the interest on the Company's bonds. and the
through business over the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS. "a
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the securit.
of their Bonds, and as additional proof they woult
suggest that the Bonds now offered less than ter
millions dollars 517 miles of road on which ovel
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 on gold thes'
bonds pay annual interest on the present cost o.
e.. .- NINE PER CENT, 10
And it is believed that the road
like the Government Bonds, they will go above par
The 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.r---r s ..F -. r
Continental National Bank, No Nassau St.,
Clark, Dodge & Co. Bankers. 81 Wall St..
John j. Cisco & Son, Pankers, No. SO Walls
.s- AND BY ..
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 Company's Office, No 20 Mas
sau street. New York, on application. Subscriber
will select there own Agents in whom they have con
fdence who alone will be responsible to them fo
the safe delivery of the bonds.
JOHL CISCO, Treasurer,
- New oRK.
may30-daw3m-ins-r -.-'j i.- y d. l'l-'-'t