Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-12
sIXPER CENT. IN GOLD,
NINETY CENTS ON, THE DOLLAR.

NINETY GENTS UN THE D0LLAR. I'D
This road is already completed to Julesburg, s7e
miles west of Omaha. and is fully equipped, and
trains are regularly running over it. The Company
has now on hand sufficient iron. ties, etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains. 11l miles, which is under con-
tract to be done in September of this y ar aud it is
from Omaha toi' western connection with the Gen.
trail Pacific, now being rapidly built eastward from
Sacramento, CAL. during 1870. P" i. 81
f MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be 1,565 mile the United States Govern
ment issus its Six per cent. Thirty-Jea Bonds to
the Co pany the road is finished at the average
rate of about &as $50 per mile, amounting to s44-
2O6 900. F1 II ug 1liizH. ean -
The Company is also permitted 10 issue its own
First Mortgage Bonds to an equal amount, and at
the same time, which by srecial Act of Cong
made First Mortgage on the entire line, the bonds
of the United States being su6ordiaateto them. o
The Government makes o donation of 12, 800 acr
Of land to the mile. amounting to 90 acres,
estmated to be worth $50 coo. making the total
resources, exclusive of the capital ss zl6 Ooo but
the full value of tn lands cannot now be realized.
The authorized Capital Stock of the Company is
one hundred million dollars, of which Eve millions
have alresdy been paid in, and of which it is not
SNFFSSS0
most will be required.
The cost of the road is estimated by competent
ensine'rs to be abont one hundred million dollars
exclusive of equipment. r.ret ..l......-
rf y PROSPECTS FOR BUsINESS.-
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Paci6c the sections already finished for the f,st
two weeks in May were sIi3.Ooo. These sectional
earnings rs the road progresses will much more than
fha inf tIaan L.
through business the only line of railro be-
tween the Atlantic and Pacific must be immense.
VALUE AND SE' URlTY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
of their Bonds, and additional proof they would
suggest thatthe Bonds offered are less than ten
millions dollars on 517 miles of road on which over
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.
At the present rate of premium gold these
bonds an annual interest the present cost Of
80. 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
at the present low rate and retain the right to ad
vance the price at their option. . -...--
Subscriptions will be received in New York BY
the '".- IN ''
Continental National Bank, No Nassau st.,
Clark, Dodge & Co. Bankers 81 Wall st..
John ]. Cisco &son, Fanksrs, No. 3S wallpI
7ia AND BY
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States. of whom Maps and Descrip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Compsny's Office. No. 90 Mas
sau street. New York on application. Subscribers
will select there own Agents in whom they have con-
fdence. who alone will be responsible to them for
the safe delivery Of the bonds. 9gss- IN -f7r- %
JOHL , CISCO, Treasurer,
NEW \ oRK.
Inay3o-daw3m- -ins-r u4;G $50 -7TIST5T ~