Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-11

ped, snd trains are regu arly running over it. The
Company has now on hand sufficient irou ties etc, :,
to finish the remaining portion to the eastern base of
the Rocky Mountains. 212 miles. which is under
contract to be done September ist of this ar aud
it is expected that the entire road will be running
order from Omaha to we tern connection with the
Central Pacific, now being r pid'yl built eastward
from Sacramento, CAL. during ls7OIs rou79goD
ia1t MEANS Of THE COMPANY yi2 2j NJ
Estimating the distance to be built ibv the Union
Pacific to be SOS nile the United States Govern
ment issus its Six per cent. Thirty, ear Bonds to
the Co psny ths road is finish d at the average
rate of about SOS. $50 per mile amounting to s44,
20e 600 s'urt .T9tl2HI91 II .1d i'i'i
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount, and at
the same time, which BY ecial Act of Cong ess are
made First Nor gage on the entire line. ths bonds
of the United States being Su6ordin0teto tn M.
The Government makes donation of IL, 200 acr
of land to the mile. amounting to eOos3 900 acres
estimated to be worth $50 900 OOO making the total
resources, exclusive of the capital, $Ils 46 0o0 but
the full value of tn lands cannot be realized.
( The authorized Capital Stock of the Company is
one hundred pillion dollars. of which five millions
have alresdv been paid in. and of which it is not
supposed that more than twenty-five millions at
most will be required. ..... #s,r .-.... .
The cost of the road is est'mated BY competent
- ~ 81
exclusive of equipment. I.' .rHi-ea.lH.. .stsX
PROSPECTS FOR BU INsSS.
The railr ad connection between Omaha and the
East is complete and the earnings of the Union
Pacific on the sections already finished for the frst
two weeks in May were sll3Ooo These sectior al
earnings as the road progresse will much more than
pay the interest on lie Go npany's bonds, and the
through business over the only line of rai;ro be-
tween the Atlantic and Pacific must be immense
VALUE AND Sc URlTY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonst ates the security
OF their Bonds and as additional proof they wou d
suggest that the Bonds oerel are less than ten
millions dollars on 517 mile of road on which over
twenty million dollars have already been expended:
on $50 miles of this road the cars are now running
and the remaining 1e7 miles are nea ly completed.
At the present rate of premium on gold these
bonds pay an annual interest the present cost of
'- NINE PER CENT, 4. -..
And 1t is believed that the Fiction of the road
like the Government Bonds, they will go above par
I g 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 'tH''ii'' ~
Continental National Bank, No Nassau St.,
Clark. Dodge & Co. Bankers 81 Wall St.,
John j. Cisco Son, ankers, No. SO Wall st.,
AND BY .'
RICKLY & BRO, Columbus, Ohio,
And by BANKS aad BANKERS generally through
out the United States. of whom Maps and Descrip
tive Pamphlets may be obtained. They will also be
sent by msil from the Company's Office, No 20 Mas
sau street. New York. on application. Sub .cribers
will select there own Agents in whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. -.'
JOHL CISCO, Treasurer,
NEW YORK.