The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-07-18
First Mortgag ge Bond:
Six per Cent in Cole
AT
Ninety Cents on the Dollar.

This road is already completed to Juesburgh, 376
miles west of Omaha. and is fully equipped, and
trains are regularly running over it. The Com
pan, has hand sufficient iron. ties, etc., to
finish the remaining portion the eastern base of
the Rocky Mountains, 14l miles, which is under
contract to be done in September of this YEAR and
it is expected that the entire road will be in
ming order from Omaha TO its western connection
with the Centrll Pacific, now being rapidly built
eastward from Sacramento. Cal, during 1870,
Means of the Company.
Estimating the distance to be built by the Union
Pacific to be 565 miles, the United States Govern
ment issues its six per cent. Thirty-year Bonds to
the Company the road is flushed at the average
rate of about $2S, $50 per mile, amounting to $44,
20S, 900. The Company is also permitted to issue
its First Mortgage Bonds to eqaal amount,
and at the same time, which by special act of Con-
gresS are made First Mortgage on the entire line.
the bonds of the United States being subordinate to
them. The Government makes a donation of H.,
500 acres of land the mile, amounting to 30, 032.
600 acres, estimated to be worth $50 OOO 900, max
ing the total resources, exclusive OF the capital,
lis 600: 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 five millions have already been paid in, and
of which it is not supposed that more than twenty
five millions at most will bd required The cost of
the road is estimated by competent engineers to be
about $10O000 900, exclusive ii equipments.
Prospects for Business.
The railroad connection between Omaha and the
East is now complete, and the earnings OF the Union
Pacific the sections already finished for the month
Of May were $26l 1872. These sectional earnings rs
the road progresses will much more than pay the
interest on the Company's Bonds, ard the through
business over the only line of rairoad between the
Atlantic and Pacific must he immense.
CtdJ,te and Security Of the Bonds.
The Company respectfully submit, that the above
statement of facts fully demonstrates the security
of their Bonds, and as additional proof they would
suggest, that the Bonds now offered are less than
ten million dollars on 5l7 miles of road, on which
twenty million dollars have already been expended;
on $50 miles of this road the cars are now running,
and the remaining 1877 miles are nearly completed
T, At the present rate of premium oil gold, these
bonds pay an annual interest their present cost OF
Nine per Cent,
and it is believed that the completion of the road
like the Government Bonds, they will go above par.
The Company intend to sell but limited amount
of the present low rate and retain the right to ad-
vance the price at their option.
Subscriptions will he received in n. York by the
CONTINENTAL NATIONAL BANK, No. Z Nassau St.,
CLARK, DODGE & Co., BANKERS, 81 Wall ST.,
JOHN j. CISCO 4 Co.. BANKERS, No 33 w all St.,
and by BANKS AND BANKERS generally through
out the United States, of whom maps and descfip-
tive pamphlets may be obtained. They will also be
sent by mail from the Company's office, No 30 Mas
sau Street, New York application. Subscribers
will select their agents in whom they have con-
fidence, who alone will be responsible 10 them for
the safe delivery of the bonds.
JOHN j. CISCO, Treas.
!. Subscriptions taken at the First National
Bank, Upper sandusky, Ohio jul-sm