Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-19
SIXPER CENT. ING0LD,
NINETY CENTS ON THE DOLLAR.


This road was completed from Omaha so5 miles
west on the fist of January, 1857 and is fully equip-
ped, and trains regularly running over it,. The
Company has now hand sufficient iron. ties, etc.,
to finish the remaining portion 70 the eastern base Of
the Rocky Mountains, 2I3 miles, which is under
contract to be done September st of this year. aud
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 Sacramento. Cal. during 1870.
MEANS OF THE COMPANY. I.l
Estimating the distance to be built by the Union
Pacific to be SOS mile the United States Govern
ment issus its Six per cent. Thirty ear Bonds to
the Company as the road is finished at the average
rate of about sas. .25O per mile. amounting to S44
2Os. 600. '' .i-
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at
the same time, which by special Act of Cong
made First Mortgage on the entire line the bonds
of the United States being su5ordinateto them.
The Government makes donation of 12,s 800 acr
of land to the mile. amounting to 2O.O33 900 acres,
estimated to be worth 900. making the total
resources exclusive of the capital $lls 4I6 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. Sd .--.....-...-.. ..r.--
The cost of the road is estimated by competent
en- ine'rs to be about hundred million dollars.
exclusive of equipment.
PROSPECTS FOR BUSINESS. -s
| The railroad connection between Omaha and the
East is complete. and the earnings of the Union
Pacific the sections already finished for the irst
two weeks in May were s1I3.OOO. These sectional
earnings the road progresses will much more than
pay the interest on the Conpany's bonds, and the
through business over the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SCI URlTY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds and as additional proof they would
suggest that the Bonds offered less than ten
millions dollars 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 1877 miles are nearly completed.
At the present rate of premium on gold these
bonds pay annual interest on the present cost of
.-.....rr NINE PER CENT, safa,. -r
And it is believed that the completion of the road.
like the Government Bonds, they will go above par
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 --.... -
Continental National Bank, No Nassau St.,
Clark, Dodge & Co. Bankers, 81 Wall St.,
John J. Cisco & Son, Fankers, No. SO Wall st.,
! rau AND BY - yl.--
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 be
sent by mail from the Companys Office, No. 90 Mas
sau street. New York, on application. Subscribers
will select there Agents in whom they have
fdence. who alone will be responsible to them for
the safe delivery of the bonds. 7-... -.....
JOHL } CISCO, Treasurer,
| NEW YORK.
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