The evening Argus., 1867-07-17
Ninety Cents ON the Do,lar.

Ninety Cents ON the Dollar.
This road is already completed TO Julesburgh.
go mhes west OF Omaha, and is fully equipped,
and trains are regularly running over it.
The Company has now on hand sufficient
iron, ties, ete to finish the remaining portion to
the eastern base Of the Rocky Mountains. lIl
miles, which is under contract to be done in Sen
tember Of this year, and it is expected that the
entire road will be in running srder from Omaha
to its western connection with the Central Pacific
now being rapidly built eastward from Sacramen-
to, CAL, during 1870.
Means Of the Company.
Estimating the distance to be built by the Union
Pacific to be 1855 miles, the United States Gov
ernment issues its Six per cent. Thirty bonds
to the Company as the road is finished at the av-
erage rate of about $2s,25o per mile, amounting
to 81, ,20s, 200.
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 Congres.
are made a First Mortgage on the entire line, the
bonds of the United States being subordinate to
them. .aa-. .-.l-. a.
The Government makes a donation of Is, 500
acres of land to the mile amounting to 90 032, 900
acres, estimated to be worth $50 000, 200, making
the total resources, exclusive of the capital Slls
10000; but the full value of the lands cannot
now be realized.
The authorised Capital Stock Of the Company
is one hundred million dollars, of which Eve mil
lions have already been paid in, and of which it
is not supposed that more than twenty five mil
lions at most will be required.
The cost of the road is estimated by competent
engineers to be about one hundred million dollars
exclusive of equipment. -.-- ...
Prospects for Business.
The railroad connection between Omaha and
the East is now 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 as the road progresses will
much more than pay the interest on the Compa-
ny's bonds, and the through business over the
ly line of railroad between the Atlantic and Pa
cifc must be immense. -
Value and Security Of the Bonds.
The Company respectfully submit, that the
above statement of facts fully demonstrates the
security of their Bonds, and additional proof
they would suggest that the Bonds now offered
are less than ten million dollars on 5I7 miles of
road, on which over twenty million dollars have
already been expended ;-on 33e miles of this
road the cars are now running, and the remaining
Is7 miles are nearly completed.
At the present rate of premium on gold these
bonds pay an annual interest the present cost
of
w 11ine Fer Cent,
and it is believed that on the completion of the
road, like the Government Bonds, they will 60
| above par. The Company intend to sell but
limited amount at the present low rate, and retain
he right to advance the price at their option.
Subscriptions viii be received in New York by
CONTINENTAL NATIONAL BANK, No. IL Nassau
Street,
CLARE, DoDeE 4 Co., BANKERS, 81 Wall St.
JOHN J. CISCO SoS, BANKERS, Ne. SO Wall
Street, ...
and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained. They
will also be sent by mail from the Company's
o6cs, No. 20 Nassau Street, New York, on appli-
cation. Subscribers will select their own agents
in whom they have confidence, Who alone win be
responsible to them for the safe delivery of the
bonds. ,5s r,--, ,--.-s- .-s ~. ...-.--- G..
JOHN =. CISCO,
@ TREASURER,
@ NEW YORK.