The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1867-06-14

THE UNION PACIFIC RAIL
Road COMPANY are now constructing
Railroad from
OMAHA, NEBRASKA,
westward toward the Pacific Ocean, making with IFS
connections an unbroken line
ACROSS THE CONTIN ENT.
The Company now offer limited amount Of their
FIRST MORTGAGE BONDS
AT NINETY CTS. ON the DOLLAR
This, Road was completed from Omaha so6 miles
west the LIST Of January, 1867 and is fully equip
ped, and trains regularly running over IL. The
Company has now on hand sufficient iron, ties, etc,
Of the Rocky Mountains, 2l2 miles. which is under
contract 10 be done September LIST Of this year. and
IL s expected that the entire Road viii be In running
the Central Paeihe bsins rapidly built eastward
from Sacramento, CAL, during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be 15es miles, the nitsd States Govern
msnt issues its Six per cent. Thirty-year Bonds to
.ss "a :, n. % TH.d e. ct M %
The Company II also permitted to issue its own
First Mortgage Bonds to an equal suount, and at
the same time, which By special Act Of Congress
made First Mortgage on the entire line the bonds
Of the United States being subordinate TO them.
The Government makes . donation Of Il, 300 acres
Of land to the mile smcunting to 20 QS2 900 acres,
resources exclusive Of The capital slls 4ie ooo but
the fail value Of the lands cannot now be realized
The authorised capital stock Of the Company Is
have already beon 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
exclusive OF equipment
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East ID now conplste and the earnings Of the Union
Pacific the sections already finished for the Grst
two weeks In Nay were sll3, 900. These sectional
pay the interest on the Compeny's bonds, and the
through business the only line Of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY of the BONDS.
The Company respectfully submit that the above
statement Of facts fully demonstrates the security
suggest that the Bonds offered less than ten
million dollars 6l7 miles Of road, which over
twenty million dollars have already been expended
-on $50 miles Of this road the cars running
and the remaining 1sl miles are nearly completed.
At the present rate Of premium on gold these
Bonds pay annual interest the present cost of
NINE PER CENT,
snd it s believed that on tbs completion of the road
like the Governnent Bonds. they will 20 above par
The Company intend to sell but limited amount at
the present low rate and retain the right to advance
the price at their option.
Subscriptions viii be received In New York BY the
CONTINENTAL NATIONAL BANK, No Nassau st..
CLARK, DoDGE Co., Bankers, 81 Wall St,
JoHN J. Cisco Sos. Bankers, No 90 Wall st.,
and by Banks and Bankers generally throughout the
Uniied States, Of whom maps and descriptive pam.
plets may be obtained. They will also be sent by
mail from the Company's Office No. 20 Nassau street
New York, on application. Subscribers will select
their own agents In whom they have confidence who
ALI iii he fo for lor:-
cry Of the Bonds.
JOHN J. CISCO, TREASURER,
PANS New York.