Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-01
SIX PER CENT GOLD
NINETY CENTS ON THE DOLLAR.

49, Toy
. This road was completed from Omaha 3o5 miles
west the fist of January. 1857. and is fully equip
ped. and trains regularly running it. The
Company has now hand sufficient iron. ties. etc.,
to the remaining portion the eastern baseof
the Rocky Mountains, 2i2 miles. which is under
contraet to be done September LIST of this ar aud
it is expected that the entireroad will be in running
order from 0mahato its western connection it'll the
Central Pacific, now being rapidly built eastward
from Sacramento CAL. during 1870. siioissh4 oiiA
od d2i5 MEANS OF THE COMPANY 9hL
Estimating the distance to be built BY the Union
Pacific to be 565 mile. the United States Govern
ment issus its Six per cent. Thirty-year Bonds te
the Con psny as the rosd is finished at the average
rate Of about s2s $50 per mile. amounting to S44
2Oe,0 ,0Oo -'A.-l .liiH 2'4Ni', ~ -.
The Company is also permitted to issue its OWE
First Mortgage Bonds to an equal amount, and al
the same time, which by special Act Of Cong ess are
made First Mortgage on the entire Iine the bonds
of the United States being subordinate to tscps.
The Government makes donation of Is. 500 acr
of land to tho mile. amounting to 2oo33O 900 acres
estimated to be worth $50 900. making the total
resources, exclusive of the capital &lls 4l6 000 bu
the full value of tn lands cannot now be realized
The authorized Capital Stock of the Company IL
one hundred million dollars. of which five millions
have already been paid in. and of which it is moi
supposed that more than twenty-five millions 81
most will be required yGr 9uiI-oa sod
The cost of the road is estimated by competent
en- inesrs to be about one hundred million dollars
exclusive of equipment. FJa3--rL -.l ,t's
SOS PROSPECTS FOR BUSINESS. D ...i. go. -.
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 FRS
two weeks in May were sn3.OOO.. These sectional
earnings the road progresses will much more thar
pay the interest on the Company's bonds, and the
through business the only line of railroid be-
tween the Atlantic and Pacific must be immense. nj
10 VALUE AND SECURITY OF THE BONDS.
The CONF any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds, and as additional proof they wou
suggest that the Bonds offered are less than ter
millions dollars on 5l7 mile of road on which oveI
twenty million dollars have already been expended
ON $50 miles of this road the now running
and the remaining 1877 miles are nearly completed.
At the present rate of premium on gold these
bonds pay an annual interest the present cost o
.H.f. NINE PER CENT, -T.l .-7o Il
And it is believed that the completion of the road
like the Government Bonds, they will go above par
Tee Company intend to sell but limited amount
at the present low rate. and retain the right to ad
vance the price at their option, s1Gl rd ~assL
Subscriptions will be received in New York b.
the .t......l.t .sf7l raE .rst.r.t ,..tr.fs-s 1a
Continental National Bank, No 7Nassau St.,
Clark, Dodge & Co. Bankers, 81 Wall st.,
John ]. Cisco 6 Son, Eankers, No. SO Wall st.,
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. Subscriber
will select there own Agents in whom they have con
fdence who alone will be responsible to them fo
the safe delivery of the bonds. l.- 'a o.
JOHL CISCO, Treasurer,
'' " NEW YORK.
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