The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-07-11

Ninety Cents on the Dollar.
This road is already completed to Julesburgh,
$40 miles west from Omaha, and is fully equip
Ped. and trains regularly running it. The
Company has now hand sufficient iron, ties, ETC.,
to finish the remaining portion to the eastern base Of
the Rocky Mountains, III miles, which is under con-
tract to be done September LIST of this year, and 10
expected that the entire road will be in running order
from Omaha to its western connection with the Cen
trail Pacific, now being rapidly built eastward from
Sacramento CAL, during 1870. a
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Facac to be 1865 miles, the United States Govern
ment issues its Six per cent. Thiaty-year Bonds to
The Company the road is finished at the average
rate of about s5s,25o per mile, amounting TO 2os
600. EsssTJg % e ts r. E.sE9E@ 1850 ,as7EC Yc
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at the
same tme whichby special Act of Congress are made
First Mortgage the entire line, the bonds of the
United States being subordinea to them. sss ~ s6u
The Government makes donation of 1880 acres
OF land to the mile, amounting to 900 acres
tmated to be worth $40 100000 making the total re-
sources, exclusive of the capital Sis but the
full value of the lands cannot now be realized.
The authorized Capital Stock of the Company is
one hundred million dollars, of which fve millions
have already been paid and of which it is sup
posed that than twenty millions at most i'll
be required. 20 ~
z The cost of the road is estimated by competent en-
gineers to be about hundred million dollars, ex-
elusive of equipment. a .4t2
~ PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is complete and the earnings of the Union
Pacific on the sections already finished for the first
two ks in Nav
earnings the road progresses will much more than
pay the interest on the Company's bonds, and the
through business over 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 the facts fully demonstrates the security
of their Bonds, and additional proof they would
uggest that the Bonds offered less than ten
million of dollars SIT miles Of road, which over
twenty million dollars have already been expended =
on $50 miles of this road the now running,
and the remaining 1s7 miles nearly completed.
At the present rate of premium gold these bonds
pay annual interest on the present cost of
Is toa NINE PER CENT,
and is believed that the completion of the road
like the Government Bonds, they win go ADORE 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. A#
Subscriptions will be received in New York BY the
CONTINENTAL NATIONAL BANK, No. Nassau-st.,
CLARK, DopGE Co., Bankers, 81 wall-st,
JoHS J. CISCO 4 Soy, Bankers No. 33 WalI-st.,
FIRST NATIONAL BANK, RICHMOND,
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 Companys Office, No. 20 Nassau
Street, New York, on application. Subscribers win
select their own Agents in whom they have confidence
who alone will be responsible to them fog the safety
of the bonds. 1873 sg@ ,lNfa3 1&afssa I
JOHN J. CISCO, Treasurer,
2m:15l sSA az iuE8 GSG NEW YORK.