Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-08-09

THE UNION
PACIFIC RAILROAD co
Are now construction Railroad from
OMAHA. NEBRASKA,
westward towards the Pacific Ocean, making with
its connections and anbroken line
ACROSS The CoNTIN ENT.
TIL, Company now offer limited amount OF their
FIRST MORTGAGE Bonds
having thirty years to run and bearing annual sl
July, in the City OF New York, at the rate OF
| SIX PER CENT. In GOLD,
Ninety Cen is en- the Dollar.
This road is already completed to Jules5urgh,
$40 miles west of Omaha. and is fully equipped,
and trains are regularly running ever IL Inc
Company has now on haid sufficient iron ties, etc.
TO flush the remaining port ion TO the eastern base
of the Rocky Mountains III miles, which is under
contract be done in september of this year, and
it is expected that ihc entire road will be in run.
ming order from Omaha 10 its western connection
with the Centeral Pacific. now being rapidly built
eastward from sacramento, Cal, during 1870.
Means Of the Company.
Estima;n. the distance to be built by the Union
Pacific to be l,ss5 miles, the United states Govern
mont issues Is six per cent Thiiiy,y car bonds I"
rate Of about ssssss per mue. amounting 10
Si4 2ae,o0p.
FIRST Mortgage Bond. TO sn cqua. amount and ut
hae same time, which by special Act of Congress
ter made First Mortgage on the entire line. the
bonds OF the United States tein9 subordinate 70
fscm.
The Government makes donation of 1880
ACRES of land 10 the mile, amounting 10 so,0i2eso
acres estimated 10 be worth s3O.0oO0Hai but the
full value of lands cannot now be realized.
The authorized Capital stock of the Company is
orc hundred million dollars of vs. ich i've millions
have ALREADY been paid in, and of which L is not
supposed that more than twenty-five millions at
most will l'e required
The cost OF the road is estimated by competent |
engineers 10 be about ono hnnured million dollars |
exclusive OF equipment.
Prospects of Business.
The railroad connection between Omaha and The
Fast is now complete. and the earnings of the
Union acific on the sections already finished for
sectional earnings as the road progresses will
much more than pay the interest on the Com
pany's bonds, aud the through bu mess over the
only line of railroad between the Atlantic and
Pacific must be immense.
Value and Security Of The Bonds.
The Company respectfully submit that the
above statement ofiacts fully demonstrates the
security 81 their Bonds, and as add. ,iona proof
less than ten million dollars 5i1 miles of road,
which over twenty million dollars have already
been eXpen ded -on $50 miles ofths road the cars
arenow running, and the remaining Isl miles ii e
nealy complete d.
A the present ate of premium on gold these
b ons pay an annual interest on the present cost
of
Nine per Cent,
and is believed that on the completion Of the
road like the Government Bonds. they will so
above par. The company intend 10 sell but \
limited amount at The present low rate and retain
the right to advance the price al their opIon.
subscriptions viii be ZEE eived IN New York by
the
CONTINENTAL SATIoSAL BANK, No Nassau ST.,
CLARK, DoDGE & Co, BANNERS, 81 Wall ST,
Joii> }. CISCO < soy, BaNKERs, 33 Wall ST.,
and by BANKS AND BA\kER> generally through
ont the United states, OF whom maps and descrlp-
tive pamphlets may be obtained they Will also
be sent by mail from the Company Office, No. 70
Nassau street, New York, on apple alton. Sub
.cribers will select their Agents in whom they
have conscience who alone will be responsible to
them fvr the safe delivery of the donds
JOHN j. CISCO,
Treosurr,
ameo NEW YORK.