Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-18
NINETY CENTS .jLl ON THE Cd DOLLAR.


This road was completed from Omaha 3O5 miles
west on the fist Of January 1867. and is fully equip
ped, and trains are regularly running over it. The
Company has now on hand sufficient irou ties, etc
to finish the remaining portion to the eastern base
Il the Rocky Mountains, 2l3 miles, which is under
contract to be done September lt of this " ar and
is expected that the entire road will be in running
order from Omaha to is western connection with the
Central Pacific, now being rapidly built eastward
fromiSacramsnto. CAL. during 1870. Idi s.ai-1J .
-in2ihib MEANS OF THE COMPANY. " 5ueh !
Estimating the distance to be built by the Uhion
Pacific to be 5s5 mile the United States Govern
ment issus its Six per cent. Thrty- ear Bonds to
the Con panyas the road is finished at the average
rate of about ses $50 per mile. amounting to $4a.
2os O0o 'n 80 a'.J -st"hi ti-le 5sH3bhoa OF I
9l The Company is also permitted to Issue its own
First MORTGAGE Bonds to an equal amount, and at
the same time. which by specal Act Of Gong ess are
made First Mortgage on the entire line the bonds
of the United States being su6ordtsqteto s1trp
The Government makes donation of 12 500 acr
of land to the mile amounting to 20 900 acres.
estimated to be worth $50 900 ooo making the total
resources exclusive of the capital $lls 4I6 ooo but
the full value of tn lands cannot now be realized
Z The authorized Capital Stock of the Company is
one hundred million dollars. of which I've millions
have alresdy 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
ensineFrs to be about one hundred million dollars
exclusive of equipment '
PROSPECTS FOR BUtlHEss.
The railroad connection between Omaha and the
East is complete and the earnings of the Union
Pacific on the sections already finished for the fs,
two weeks in May were $ll3OOO. d These sectior al
earnings as the road progresses will much more than
pay the interest on the Company's bonds, and the
through business the only line of rairoad be-
tween the Atlantic and Pacific must be immense
VALUE AND SECURITY OF THE BONDS. %
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds, aud as additional proof they would
suggest that the Bonds offered are less than ter
millions dollars 5l7 mile of road, on which ovel
twenty million dollars have already been expended
$50 miles of this road the cars are now running
and the remaining 1877 miles are neatly completed.
At the present rate of premium on gold these
bonds pay annual interest on the present cost o
..'s..- s.. - | NINE PER CENT, .'52o Eo.. s .-.i.
And It is believed that the completion of the road
like the Government Bonds, they will go above par
I Q Company intend to sell but limited amoun
at the present low rate. and retain the right to ad
vance the price at their option. .- - srr,fJs.--ts
Subscriptions will be received in New York b,
the .r.,T -1-rlf -. srl@.gsy.l .-s
Continental National Bank, No q Nassau St.
Clark, Dodge & Co. Bankers 81 Wall St., =
John J. Cisco Son, ankers, No. Ss Wallst,
- -..ls5laqni 81 AND BY o- sy.a HeHs po1
RICHLY & 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 90 Mas
sau street. New York, on application. Sub -criber
will select there Agents in whom they have con
tidence, who alone will be responsible to them fo
the safe delivery of the bonds. ~
JOHL CISCO, Treasurer,
- NEW YoRK.
u ma y3o- -daw3m -ins-r ' 5f8s-- III - 0-77'l