Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-06-22

UNION PACIFIC
RAILROAD COMPANY,
Are now constructing Railroad from
0MAHA, NEBRASKA,
westward towards the Pacific Ocean, making with
its connections an unbroken line
40 ROSS THE CONTIN EMIT
The Company now offer limited amount of their
FIRST MORTGAGE BONDS
having thirty years to run, and bearing annual in
terest payable on the first days Of January and july
in the City of New York, at the rate Of
SIX PER CENT. IN GOLD,
Ninety Cents on the Dollar.
This road was completed from Omaha 3O5 miles
west on the LIST Of January, 1867 and is fully equip
ped, and trains regularly running over It. The
Company has now on hand sufficient iron, ties, etc.,
to finish the remaining portion to the eastern base of
the Rocky Mountains, 2l2 miles, which Is under con-
tract TO be done September LIST OF this year. and il is
expected that the entire road will be in running or
der from Omaha to its western connection with tho
Central Pacific being rapidly built eastward
from Sacramento, Cal, during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be 1866 miles, the United States Govern.
ment issues its Six per cent. Thirtyyear Bonds to
the Company as the road is finished at the average
rate of about S2S $50 per mile, amounting to S44 20S
000
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 the entire line, the bonds
| of the United States being subordinate TO them.
| The Government makes a donation of IL 800 acres
of land to the mile, amounting to 20,032000 acres,
estimated to be worth $50 900 600, making the total
resources exclusive Of the capital, l1S4l6000 but
the full value of the lands cannot now be realized
| The authorized Capital Stock of the Company 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 at most
| will be required
The cost of the road is estimated by competent en-
gineers to be about one hundred million dollars
elusive Of equipment
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is complete, and tho earnings of the Union
Pacific the sections already finished for the first
two weeks in May were $ll3,00O. These sectional
earnings the road progresses will much than
pay the interest on the Companys 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 IBO nds.
The Company respectfully submit, that the above
statement of facts fully demonstrates the security Of
gest that the Bonds offered areless than ten mil
lion dollars s17 miles of road, on which twen
ty million dollars have already been expended -
on 33j miles of this road the cars now running
and the remaining lS7 miles are nearly completed
At the present rate of premium on gold these
bonds pay annual interest on the present cost of
Nine Per Cent,
and it is believed that the completion of the road
like the Government Bonds, they will go above par
The Company intend to sell but limited amount al
the present low rate and retain the right advance
the price at their option.
Subscriptions will be received in New York by the
CONTINENTAL NATIONAL BANK, No. Nassau St.
CLARK, DoDGE Co., BANKERS No. 81 Wall St.
JoHS J. Cisco & SoN, BANKERS, No. 33 Wall St.
and by BANKS AND BANKERS generally through.
out the United States, OF whom maps and descrp-
tive pamphlets may be obtained. They will also be
sent by mail from the Company's Office No 20 Mas
sau Street. New York, on application. Subscribers
will select their Agents in whom they have con
dence who alone will be responsible to them for the
safe delivery of the bonds.
JOHN J. CISCO,
, Treasurer,
NEW YORK.
| June %. 1S67-3m