The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-06-26
FINANCIAL.

Are now constructing Railroad from
MATIA, NE b r A 8 X A,
westward towards the Pacific Ocean. making with
fits connections an unbroken line
ACROSS THE CONTINENT.
The Company now offer limited amount of their
FIRST MORTGAGE BONDS,
Having thirty years to run, and bearing annual nte
rest 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 9O5 miles west
on the OF January 1867, ana is fully equipped and
trains are regularly running over It. The Company
has now on hand sufficient ron ties, etc. to finish the
remaining portion to the eastern base OF the Rocky
Mountains, 2l2 miles which is under contract to be
done September of this year, and 1t is expected that
the entire road will be in running order from Omaha
TO It's western connection with the Central Pacific,
now being rapidly built eastward from Sacramento,
Cal, during 1870
BEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific TO be 1865 miles, the United States Govern
ment issues its Six Per Cent. Thirty-Year Bonds to
the Company as the road is finished at the average
of about S2s ESQ per mile. amounting to "a 2sOOO
The Company is also permitted to issue its First
Mortgage Bonds to an equal amount and at the same
time, which BY SPECIAL ACT OF CONGRESS ARE
MADE A FIRST MORTGAGE ON THE ENTIRE
LINE, the Bonds Of the United States being su6ordt
nate TO them.
The Government makes donation OF 800 acres of
land the mile, amounting 20O32 900 acres estimated
to be worth $50 OOOOO making the total resources
elusive OF the capital but the full value Of
the lands cannot now be realized.
The authorized Capital Stock of the Company is
hundred million dollars of which Ave millions have
already been paid In and OF which 1t is supposed
that more than twenty-five millions at most will be
required.
The cost of is estimated by competent engi
to be about hundred million dollars exclu
sive Of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is complete, and the earnings of the Union
Pacific the sections already finished for the month
of May 1872 These sectional 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 railroad between the Atlantic
| and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS.
The Company respectfully submit that the above
statement of fully demonstrates security Of
their Bonds. and additional proof they would sug-
gest that the Bonds offered less than mill
lion dollars on 57 miles ofroad, on which twenty
million dollars have already been expenned. On $50
miles of this road the cars running and the
L
At the present rate of premium gold these Bonds
pay annual interest on the present cost of
NINE PER CENT,
And is believed that the completion of the road
like the Government Bonds. they will go above par
The Company In tend to sell but limited amount at
the present low rate, and retain the right to aRance
/ the price at their option.
Subscriptions will be received In Philadelphia by
THE TRADESMEN'S NATIONAL BANK.
| DE HAVEN O. BROTHER.
| TOWNSEND WHELEN & co.
| ]. E. LEwARS & co.
Subscriptions Will be received in New York by the
| CONTINENTAL NATIONAL BANK, No. MAS
| SAU Street.
| CLARK. DODGE 6 CO., Bankers No. 81 WALL
Street.
JOHN ]. CISCO & SON. Bankers No. SO WALL
| Street,
| And by BANKS AND BANKERS generally through
out the United States. of whom maps and descriptive
| pamphlets may be obtained They will also be sent
| by mail from the Company's Office, No. 20 NASSAU
| Street, New York, application. Subscribers will
| select their own agents, in whom they have conf
dence who alone will be responsible to them for tho
| safe delivery of the Bonds.
JOHN j. CISCO, TREASURER,
| 619 wfsm6t Sp NEW YORK.